As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Stainless Steel Market: By Application: Metal Products, Mechanical Engineering, Construction, Motor vehicles and parts, Electrical Machinery, Other Transport; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Stainless Steel Market Outlook

The global stainless steel market reached a volume of almost 43.9 million metric tons in 2020. The industry is further expected to grow at a CAGR of 3% in the forecast period of 2021-2026 to reach a volume of nearly 52.4 million metric tons by 2026.

 

Global Stainless Steel Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The Asia Pacific is the leading market for stainless steel, with a robust growth prospect in the coming years. The market is being driven by the increase in the consumption of chemical/petrochemical products, medical products, energy, consumer goods, and heavy and automotive transport. Russia, France, and Brazil are low maturity markets, whereas China is a high maturity market. China accounts for nearly 50-55% of the global stainless steel production.

Stainless steel, called variously as inox steel or inox, is a steel alloy having chromium with tarnishing and rust resilient properties. Chromite is utilized in the manufacture of stainless steel, providing corrosive resistant properties to the steel, thus, making it ideal to be used in numerous industries. The rising demand for the product has been met by South Africa, which continues to supply the majority of chrome. China is predicted to continue playing the leading role in the stainless steel industry. The commercialization of China's integrated nickel pig iron is offering a cheaper alternative to pure nickel, resulting in the reduction of the cost of stainless steel, thus, influencing the global market towards Chinese products. Ferrochrome is the alloy of chromium and iron. It is used as a base material in the stainless steel manufacture. To increase the production of ferrochrome, China has increased its chrome ore imports to meet its rising domestic needs for stainless steel, which is aided by the growing construction industry in the region. Increment in ferrochrome production has also been achieved in the region by constructing new furnaces and switching furnaces.

 

Properties and Applications

Stainless steel is an alloy of carbon and iron. Chromium, which is found in iron, secretes a thin layer of oxide, known as a passive layer, which prevents the steel from corrosion

 

Global Stainless Steel Market By Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The industry is divided on the basis of application into:

  • Metal Products
  • Mechanical Engineering
  • Construction
  • Motor Vehicles and Parts
  • Electrical Machinery
  • Other Transport

Metal products is the leading application sector for the product, accounting for 38% of the market share.

The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Stainless Steel Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Analysis

The global stainless steel market is being driven by the rise in the consumption levels of petrochemical and medical products, consumer goods, and heavy and automotive transports. In Europe, the growing construction industry is expected to boost the demand for the product in the forecast period. The rising demand for consumer products is expected to show a positive influence on the stainless steel market growth. The Asia Pacific market is being aided by the existence of a large number of manufacturers in India, China, and Japan. The presence of raw materials, like iron ore and nickel, is projected to influence the market growth positively.

In North America, the industry is supported by weak export demand and the growing construction industry. The U.S. automotive market is one of the leading application sectors in the North America stainless steel market. The automotive industry in the region is driven by the automotive exhaust systems and decorative trim manufacturing subsectors. The demand from the gas and oil and aerospace industries further drives the stainless steel market growth.

An increase in the demand for the product from downstream industries, such as the construction industry, consumer products, agriculture, and processing industries are predicted to be a major growth driver for the stainless steel industry. The market is further propelled by the shift from traditional use such as consumer goods, construction, architecture, etc. to the extensive use in sectors such as railway, auto, and transportation sectors. The growing shift from traditional to newer technologies due to cost reduction in the steel-making process and the use of more energy-efficient manufacturing processes are expected to aid the market growth. Technological advancements to improve efficiency and increase the production capacities for attaining lower cycle times in the manufacturing process is catalysing the industry growth further.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global stainless steel market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • POSCO
  • Outokumpu
  • Acerinox S.A.
  • Nippon Steel Corporation (OTCMKTS: NPSCY)
  • Baosteel Group
  • AK Steel Corporation
  • Others

The comprehensive EMR report covers the macro and micro aspects of the industry. The report provides an in-depth assessment of the industry based on Porter's Five Forces model, along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Metal Products, Mechanical Engineering, Construction, Motor vehicles and Parts, Electrical Machinery, Other Transport
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered POSCO, Outokumpu, Acerinox S.A., Nippon Steel Corporation (OTCMKTS: NPSCY), Baosteel Group, AK Steel Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Stainless Steel Market Analysis
    6.1    Figure: Global Stainless Steel Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Chart: Global Stainless Steel Market Breakup by Application
        6.2.1    Metal Products
        6.2.2    Mechanical Engineering
        6.2.3    Construction
        6.2.4    Motor vehicles and Parts
        6.2.5    Electrical Machinery
        6.2.6    Other Transport
    6.3    Figure: Global Stainless Steel Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Metal Products
        6.3.2    Mechanical Engineering
        6.3.3    Construction
        6.3.4    Motor vehicles and Parts
        6.3.5    Electrical Machinery
        6.3.6    Other Transport
    6.4    Chart: Global Stainless Steel Market Breakup by Region
        6.4.1    North America
            6.4.1.1    United State of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    United Kingdom
            6.4.2.2    Germany
            6.4.2.3    France
            6.4.2.4    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Japan
            6.4.3.3    India
            6.4.3.4    Others
        6.4.4    Latin America
            6.4.4.1    Brazil
            6.4.4.2    Argentina
            6.4.4.3    Mexico
            6.4.4.4    Others
        6.4.5    Middle East and Africa
            6.4.5.1    Saudi Arabia
            6.4.5.2    United Arab Emirates
            6.4.5.3    Nigeria
            6.4.5.4    South Africa
            6.4.5.5    Others
    6.5    Figure: Global Stainless Steel Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    North America
            6.5.1.1    United State of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    United Kingdom
            6.5.2.2    Germany
            6.5.2.3    France
            6.5.2.4    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Japan
            6.5.3.3    India
            6.5.3.4    Others
        6.5.4    Latin America
            6.5.4.1    Brazil
            6.5.4.2    Argentina
            6.5.4.3    Mexico
            6.5.4.4    Others
        6.5.5    Middle East and Africa
            6.5.5.1    Saudi Arabia
            6.5.5.2    United Arab Emirates
            6.5.5.3    Nigeria
            6.5.5.4    South Africa
            6.5.5.5    Others
7    Global Stainless Steel Price Analysis
    7.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    7.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
8    Global Stainless Steel Trade Data Analysis 
    8.1    Major Exporting Countries: By Value and Volume
    8.2    Major Importing Countries: By Value and Volume
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Porter’s Five Forces Analysis
    10.1    Overview
    10.2    Buyer’s Power
    10.3    Supplier’s Power
    10.4    New Entrants
    10.5    Degree of Rivalry
    10.6    Substitutes
11    Value Chain Analysis
12    EMR’s Key Indicators for Demand
13    EMR’s Key Indicators for Price
14    Procurement Strategy

    14.1    Contract Model
    14.2    Pricing Model
15    Cost Analysis
    15.1    Raw Material
    15.2    Utility Cost
    15.3    Labour
    15.4    Others
16    Competitive Landscape & Supplier Analysis
    16.1    POSCO
        16.1.1    Company Overview
        16.1.2    Financial Analysis
    16.2    Outokumpu
        16.2.1    Company Overview
        16.2.2    Financial Analysis
    16.3    Acerinox S.A.
        16.3.1    Company Overview
        16.3.2    Financial Analysis
    16.4    Nippon Steel Corporation
        16.4.1    Company Overview
        16.4.2    Financial Analysis
    16.5    Baosteel Group
        16.5.1    Company Overview
        16.5.2    Financial Analysis
    16.6    AK Steel Corporation
        16.6.1    Company Overview
        16.6.2    Financial Analysis
    16.7    Others
17    Industry Events and Developments

Additional Customisations Available:

18    Manufacturing Process
    18.1    Detailed Process Flow
    18.2    Operations Involved
    18.3    Mass Balance
19    Production Cost Analysis and Project Economics
    19.1    Land, Location and Site Development
    19.2    Construction
    19.3    Plant Machinery
    19.4    Cost of Raw Material
    19.5    Packaging
    19.6    Transportation
    19.7    Utilities
    19.8    Manpower
    19.9    Other Capital Investment

Analyst Review

The global stainless steel market attained a volume of around 43.9 million metric tons in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3%. The market is projected to reach a volume of nearly 52.4 million metric tons by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market can be divided into metal products, mechanical engineering, construction, motor vehicles and parts, electrical machinery, and other transport, with metal products being the largest application sector of the product, accounting for 36% of the market share. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market, with the Asia Pacific accounting for the largest market share. The major players in the above industry include POSCO, Outokumpu, Acerinox S.A., Nippon Steel Corporation, Baosteel Group, and AK Steel Corporation, among others.

The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing construction and automobile industries, and rising demand from the chemical and consumer goods industries are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global stainless steel market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the industry for 2021-2026?
  • What are the major market drivers and constraints?
  • What are the major price and demand indicators of the global stainless steel market?
  • What are the price trends of the product in the industry globally?
  • Who are the key manufacturers of the product in the global market?
  • What are the import and export trends in the global stainless steel market?
  • Who are the top importers and exporters of the product in the industry globally?
  • What is the degree of competition in the global stainless steel market?
Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER