[Report Description]
Global Stainless Steel Market Report 2022-2027
Market Outlook
According to Expert Market Research’s latest report, ‘Global Stainless Steel Market Report and Forecast 2022-2027’, the global stainless steel market attained a volume of almost 49,493 KMT in 2021. Aided by growing construction activities, the market is projected to further grow at a CAGR of 2.8% between 2022 and 2027 to reach a volume of nearly 58,497.2 KMT by 2027.
Stainless steel, also known as inox steel or inox, is an alloy of carbon and iron having rust-resistant and tarnish proof properties provided by chromium, which is found in iron. Stainless steel is commonly found in day-to-day objects such as needles, cutlery, and watches, among others as well as in heavy-duty products like machinery, motor vehicles, and construction equipment, among others. It has favourable properties like durability, eco-friendly, and temperature resistance. Stainless steel products are low maintenance and easy to clean, which makes the alloy economically viable, owing to which it is used in a wide range of applications, hence fuelling the industry growth.
The global market for stainless steel is being driven by the robust applicability of the alloy in varied end-use industries supported by its favourable physical properties. Owing to inflating per capita incomes, urbanisation, and industrialisation, the growth in residential, public, and commercial construction and reconstruction projects are expected to accelerate the market growth of stainless steel in the following years. In addition to this, the market growth is expected to be led by the surging focus on aesthetics, which is increasing the demand for exquisite cutlery made up of stainless steel. and bolstering the market growth of stainless steel in consumer goods applications. Apart from this, the Asia Pacific region is expected to hold a significant share in the global market for stainless steel. This can be attributed to the commercialisation of China’s integrated nickel pig which offers a cheaper alternative to pure nickel, thereby reducing the overall price of stainless steel production. Hence, these are some of the factors positively influencing the growth of the market.
Market Segmentation
The market report by Expert Market Research analyses the market based on segmentations such as application and major region.
Market Segmentation by Application
• Metal Products
• Mechanical Engineering
• Construction
• Motor Vehicles and Parts
• Electrical Machinery
• Others
Market Breakup by Region
• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:
• POSCO
• Outokumpu
• Acerinox S.A.
• Nippon Steel Corporation
• Aperam S.A.
• Others
*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
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Stainless Steel Market Analysis
8.1 Key Industry Highlights
8.2 Global Stainless Steel Historical Market (2017-2021)
8.3 Global Stainless Steel Market Forecast (2022-2027)
8.4 Global Stainless Steel Market by Application
8.4.1 Metal Products
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Mechanical Engineering
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Construction
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Motor Vehicles and Parts
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Electrical Machinery
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Others
8.5 Global Stainless Steel Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code: 7218)
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 POSCO
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Outokumpu
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Acerinox S.A.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Nippon Steel Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Aperam S.A.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
List of Figures and Tables
1. Global Stainless Steel Market: Key Industry Highlights, 2017 and 2027
2. Global Stainless Steel Historical Market: Breakup by Application (KMT), 2017-2021
3. Global Stainless Steel Market Forecast: Breakup by Application (KMT), 2022-2027
4. Global Stainless Steel Historical Market: Breakup by Region (KMT), 2017-2021
5. Global Stainless Steel Market Forecast: Breakup by Region (KMT), 2022-2027
6. North America Stainless Steel Historical Market: Breakup by Country (KMT), 2017-2021
7. North America Stainless Steel Market Forecast: Breakup by Country (KMT), 2022-2027
8. Europe Stainless Steel Historical Market: Breakup by Country (KMT), 2017-2021
9. Europe Stainless Steel Market Forecast: Breakup by Country (KMT), 2022-2027
10. Asia Pacific Stainless Steel Historical Market: Breakup by Country (KMT), 2017-2021
11. Asia Pacific Stainless Steel Market Forecast: Breakup by Country (KMT), 2022-2027
12. Latin America Stainless Steel Historical Market: Breakup by Country (KMT), 2017-2021
13. Latin America Stainless Steel Market Forecast: Breakup by Country (KMT), 2022-2027
14. Middle East and Africa Stainless Steel Historical Market: Breakup by Country (KMT), 2017-2021
15. Middle East and Africa Stainless Steel Market Forecast: Breakup by Country (KMT), 2022-2027
16. Major Importing Countries by Volume
17. Major Exporting Countries by Volume
18. Major Importing Countries by Value
19. Major Exporting Countries by Value
20. North America Historical Price Trends and Forecast 2017-2027
21. Europe Historical Price Trends and Forecast 2017-2027
22. Asia Pacific Historical Price Trends and Forecast 2017-2027
23. Latin America Historical Price Trends and Forecast 2017-2027
24. Middle East and Africa Historical Price Trends and Forecast 2017-2027
25. Global Stainless Steel Market Structure