Mexico Stainless Steel Market Report and Forecast 2025-2034
Description
The Mexico stainless steel market size is projected to grow at a CAGR of 6.30% between 2025 and 2034. The market is being driven by the robust growth of different end-use sectors, including HoReCa, construction, and manufacturing, among others.
The expansion of the construction and manufacturing sectors in Mexico is contributing to the Mexico stainless steel market growth. The introduction of various initiatives by the Mexican government to support indigenous stainless steel manufacturers is also favouring the market. For instance, in January 2024, it imposed an anti-dumping duty (11.6%-79%) on imports of cold-rolled coils from Vietnam, which have been claimed to harm the incomes of domestic steel manufacturers.
The thriving HoReCa sector in Mexico is expected to influence the demand for stainless steel as it is essential for manufacturing kitchen accessories and cooking equipment. This includes knives, saucepans, grills, and cookers, among others. This is because stainless steel is hygienic and easy to clean. Moreover, it is corrosion resistant, which makes it suited for the application of storing food and beverages. This is one of the key Mexico stainless steel market trends.
The inner strength and flexibility of stainless steel make it ideal for manufacturing surgical implants (like artificial joints) and joining equipment like steel plates to realign broken bones. It is also used in manufacturing dental equipment and designing various diagnostic machines, including MRI scanners and cannulas. The need for maintaining a sterile operating environment for doctors is expected to further accelerate the use of stainless steel in hospitals and specialised care institutions, thereby driving the Mexico stainless steel market expansion.
Market Segmentation
Mexico Stainless Steel Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Cold Flat
Hot Coils
Hot Bars/Wire Rod
Cold Bars/Wire
Hot Plate and Sheet
Others
Market Breakup by Application
Metal Products
Mechanical Engineering
Construction
Automotive and Transportation
Electrical Machinery
Others
Market Breakup by Region
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
The key Mexico stainless steel market players are:
Nippon Steel Corporation
Acerinox, S.A.
Mitsui & Co., Ltd.
POSCO Co., Ltd.
ArcelorMittal S.A.
Outokumpu
JFE Steel Corporation
Others
The expansion of the construction and manufacturing sectors in Mexico is contributing to the Mexico stainless steel market growth. The introduction of various initiatives by the Mexican government to support indigenous stainless steel manufacturers is also favouring the market. For instance, in January 2024, it imposed an anti-dumping duty (11.6%-79%) on imports of cold-rolled coils from Vietnam, which have been claimed to harm the incomes of domestic steel manufacturers.
The thriving HoReCa sector in Mexico is expected to influence the demand for stainless steel as it is essential for manufacturing kitchen accessories and cooking equipment. This includes knives, saucepans, grills, and cookers, among others. This is because stainless steel is hygienic and easy to clean. Moreover, it is corrosion resistant, which makes it suited for the application of storing food and beverages. This is one of the key Mexico stainless steel market trends.
The inner strength and flexibility of stainless steel make it ideal for manufacturing surgical implants (like artificial joints) and joining equipment like steel plates to realign broken bones. It is also used in manufacturing dental equipment and designing various diagnostic machines, including MRI scanners and cannulas. The need for maintaining a sterile operating environment for doctors is expected to further accelerate the use of stainless steel in hospitals and specialised care institutions, thereby driving the Mexico stainless steel market expansion.
Market Segmentation
Mexico Stainless Steel Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Cold Flat
Hot Coils
Hot Bars/Wire Rod
Cold Bars/Wire
Hot Plate and Sheet
Others
Market Breakup by Application
Metal Products
Mechanical Engineering
Construction
Automotive and Transportation
Electrical Machinery
Others
Market Breakup by Region
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
The key Mexico stainless steel market players are:
Nippon Steel Corporation
Acerinox, S.A.
Mitsui & Co., Ltd.
POSCO Co., Ltd.
ArcelorMittal S.A.
Outokumpu
JFE Steel Corporation
Others
Table of Contents
108 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Stainless Steel Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Stainless Steel Historical Market (2018-2024)
- 5.3 Latin America Stainless Steel Market Forecast (2025-2034)
- 5.4 Latin America Stainless Steel Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Others
- 6 Mexico Stainless Steel Market Overview
- 6.1 Key Industry Highlights
- 6.2 Mexico Stainless Steel Historical Market (2018-2024)
- 6.3 Mexico Stainless Steel Market Forecast (2025-2034)
- 7 Mexico Stainless Steel Market by Product Type
- 7.1 Cold Flat
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Hot Coils
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Hot Bars/Wire Rod
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Cold Bars/Wire
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Hot Plate and Sheet
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Others
- 8 Mexico Stainless Steel Market by Application
- 8.1 Metal Products
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Mechanical Engineering
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Construction
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Automotive and Transportation
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Electrical Machinery
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Mexico Stainless Steel Market by Region
- 9.1 Baja California
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Northern Mexico
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 The Bajío
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Central Mexico
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Pacific Coast
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Yucatan Peninsula
- 9.6.1 Historical Trend (2018-2024)
- 9.6.2 Forecast Trend (2025-2034)
- 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 Buyers Powers
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Value Chain Analysis
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Nippon Steel Corporation
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Acerinox, S.A.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Mitsui & Co., Ltd.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 POSCO Co., Ltd.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 ArcelorMittal S.A.
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Outokumpu
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 JFE Steel Corporation
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Others
Pricing
Currency Rates
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