Middle East and Africa Stainless Steel Market Report and Forecast 2025-2034

Published May 29, 2025

Length 112 Pages

SKU # EMAR20078883

Description

The Middle East and Africa stainless steel market size reached USD 9.07 Billion in 2024. The market is expected to grow at a CAGR of 3.80% between 2025 and 2034, reaching almost USD 13.17 Billion by 2034.

Stainless steel is a versatile alloy primarily composed of iron with high chromium content, enhanced by elements like nickel, molybdenum, and others. Its corrosion resistance, durability, and aesthetic appeal make it a favoured material across industries including construction, automotive, and infrastructure. Despite setbacks from the COVID-19 pandemic, the industry rebounded in 2021 driven by demand from construction and automotive sectors driving the Middle East and Africa stainless steel market growth.

In the Middle East, stainless steel is experiencing robust growth due to expanding construction, automotive, and infrastructure industries. Its corrosion resistance and strength make it ideal for architectural finishes, structural elements, and automotive components. The region's focus on sustainability aligns with stainless steel's recyclability and longevity, driving further market expansion.

Architects and engineers favour stainless steel for its corrosion resistance in challenging environments. In construction, it is used for beams, columns, railings, roofing, and more. The Middle East's stainless steel market growth is fuelled by infrastructure projects and industrial expansion, evidenced by major investments like SeAH Gulf Special Steel's USD 270 million seamless pipe factory.

Saudi Arabia's real estate boom and the UAE's transition to sustainable materials highlight growing demand for stainless steel in the region. With significant investments in stainless steel production and a focus on sustainability, the Middle East and Africa stainless steel market development is expected to witness continued growth and innovation.

Market Segmentation

Middle East and Africa Stainless Steel Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by 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 Country:

Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others

Competitive Landscape

Key players in the stainless steel market in Middle East and Africa offer products utilising advanced technologies and sustainable production practices while carrying out mergers and acquisitions.
Nippon Steel Corporation
Aperam SA
Outokumpu Oyj
POSCO Co., Ltd.
Acerinox S.A.
ArcelorMittal S.A.
JFE Steel Corporation
Others

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 Countries; 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 Global Stainless Steel Market Overview: 5.1 Key Industry Highlights; 5.2 Global Stainless Steel Historical Market (2018-2024); 5.3 Global Stainless Steel Market Forecast (2025-2034); 5.4 Global Stainless Steel Market Share by Region; 5.4.1 North America; 5.4.2 Europe; 5.4.3 Asia Pacific; 5.4.4 Latin America; 5.4.5 Middle East and Africa
6 Middle East and Africa Stainless Steel Market Overview: 6.1 Key Industry Highlights; 6.2 Middle East and Africa Stainless Steel Historical Market (2018-2024); 6.3 Middle East and Africa Stainless Steel Market Forecast (2025-2034)
7 Middle East and Africa Stainless Steel Market by 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 Middle East and Africa 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 Middle East and Africa Stainless Steel Market by Country: 9.1 Saudi Arabia; 9.1.1 Historical Trend (2018-2024); 9.1.2 Forecast Trend (2025-2034); 9.2 United Arab Emirates; 9.2.1 Historical Trend (2018-2024); 9.2.2 Forecast Trend (2025-2034); 9.3 Nigeria; 9.3.1 Historical Trend (2018-2024); 9.3.2 Forecast Trend (2025-2034); 9.4 South Africa; 9.4.1 Historical Trend (2018-2024); 9.4.2 Forecast Trend (2025-2034); 9.5 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 Key Indicators of Demand; 10.4 Key Indicators of Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 7218): 12.1 Major Importing Countries; 12.1.1 By Volume; 12.1.2 By Value; 12.2 Major Exporting Countries; 12.2.1 By Volume; 12.2.2 By Value
13 Price Analysis
14 Competitive Landscape: 14.1 Supplier Selection; 14.2 Key Global Players; 14.3 Key Regional Players; 14.4 Key Player Strategies; 14.5 Company Profiles; 14.5.1 Nippon Steel Corporation; 14.5.1.1 Company Overview; 14.5.1.2 Product Portfolio; 14.5.1.3 Demographic Reach and Achievements; 14.5.1.4 Certifications; 14.5.2 Aperam SA; 14.5.2.1 Company Overview; 14.5.2.2 Product Portfolio; 14.5.2.3 Demographic Reach and Achievements; 14.5.2.4 Certifications; 14.5.3 Outokumpu Oyj; 14.5.3.1 Company Overview; 14.5.3.2 Product Portfolio; 14.5.3.3 Demographic Reach and Achievements; 14.5.3.4 Certifications; 14.5.4 POSCO Co., Ltd.; 14.5.4.1 Company Overview; 14.5.4.2 Product Portfolio; 14.5.4.3 Demographic Reach and Achievements; 14.5.4.4 Certifications; 14.5.5 Acerinox S.A.; 14.5.5.1 Company Overview; 14.5.5.2 Product Portfolio; 14.5.5.3 Demographic Reach and Achievements; 14.5.5.4 Certifications; 14.5.6 ArcelorMittal S.A.; 14.5.6.1 Company Overview; 14.5.6.2 Product Portfolio; 14.5.6.3 Demographic Reach and Achievements; 14.5.6.4 Certifications; 14.5.7 JFE Steel Corporation; 14.5.7.1 Company Overview; 14.5.7.2 Product Portfolio; 14.5.7.3 Demographic Reach and Achievements; 14.5.7.4 Certifications; 14.5.8 Others

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