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Global Stainless Steel Market 2018-2022

Global Stainless Steel Market 2018-2022

About Stainless Steel

Stainless steel is an iron-based alloy that contains at least 10.5% chromium by mass. Alloys like nickel, titanium, columbium, and molybdenum can be added to stainless steel during melting. Stainless steel has high resistance to corrosion, rust, and staining with water, unlike ordinary steel. Therefore, it is used in the construction, household appliances, automotive, and machinery industries.

Technavio’s analysts forecast the global stainless steel market to grow at a CAGR of 5.34% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global stainless steel market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Stainless Steel Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Acerinox
  • AK Steel
  • Guangxi Chengde Group
  • Outokumpu
  • POSCO
  • Tsinghan
Market driver
  • Upsurge in consumption of high-strength stainless steel
  • For a full, detailed list, view our report
Market challenge
  • Volatility in raw-material prices
  • For a full, detailed list, view our report
Market trend
  • Growing demand for stainless steel scrap
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Stainless Steel Market 2018-2022

Technavio recognizes the following companies as the key players in the global stainless steel market: Acerinox, AK Steel, Guangxi Chengde Group, Outokumpu, POSCO, and Tsinghan.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for stainless steel scrap. Globally, the use of scrapped steel is increasing to reduce the carbon footprint. The recycling of steel and stainless steel scrap improves the industry’s economic viability and reduces the environmental impact by reducing the need for iron ore extraction for stainless steel production.”

According to the report, one driver in the market is upsurge in consumption of high-strength stainless steel. The application of high-strength stainless steel for architectural, industrial, and consumer applications is increasing as it offers higher fatigue strength and adds toughness to the steel products. Its high strength-to-weight ratio and superior qualities such as affordable costs will further boost the application of high-strength stainless steel across various end-user industries.

Further, the report states that one challenge in the market is volatility in raw-material prices. The volatility in raw material prices is one of the key challenges for the global stainless steel market. The manufacturing of stainless steel depends on various commodities, metals, and industrial raw materials such as iron ore, ferrochrome, scrapped steel, chromium, nickel, and others.

Companies Mentioned

Acerinox, AK Steel, Guangxi Chengde Group, Outokumpu, POSCO, and Tsinghan.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global steel market segmentation
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
      • Table Global stainless steel market by end-user
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Value chain
      • Table Steel industry value chain
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global stainless steel market - Market size and forecast 2017-2022 (million metric tons)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • The threat of new entrants
      • Table The threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product form
    • Segmentation by product form
      • Table Product form - Market share by volume 2017 (%)
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table Global stainless steel market - Market share by end-user 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Metal products - Market size and forecast 2017- 2022
      • Table Metal products - Market size and forecast 2017-2022 (million metric tons)
      • Table Metal products - Year-over-year growth 2018-2022 (%)
    • Mechanical engineering - Market size and forecast 2017-2022
      • Table Mechanical engineering - Market size and forecast 2017-2022 (million metric tons)
      • Table Mechanical engineering - Year-over-year growth 2018-2022 (%)
    • Automobile and transportation - Market size and forecast 2017-2022
      • Table Automobile and transportation - Market size and forecast 2017-2022 (million metric tons)
      • Table Stainless steel applications
      • Table Automobile and transportation - Year-over-year growth 2018-2022 (%)
    • Infrastructure and construction - Market size and forecast 2017-2022
      • Table Infrastructure and construction - Market size and forecast 2017-2022 (million metric tons)
      • Table Infrastructure and construction - Year-over-year growth 2018-2022 (%)
    • Electrical engineering - Market size and forecast 2017-2022
      • Table Electrical engineering - Market size and forecast 2017-2022 (million metric tons)
      • Table Electrical engineering - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global stainless steel market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 (million metric tons)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 (million metric tons)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 (million metric tons)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Annual GDP growth rate in India and China prospects and forecasts 2010-2017e (%)
    • Market challenges
      • Table Iron ore price trends between January 2016 and December 2017 ($/ton)
      • Table Reasons for growth in excess capacity
  • Market trends
    • Growing demand for steel and stainless steel scrap
      • Table Recycling circle of stainless steel
    • Increased penetration in industrial applications
    • Rising construction and infrastructure projects
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Acerinox
      • Table Acerinox: Overview
      • Table Acerinox - Business segments
      • Table Acerinox - Organizational developments
      • Table Acerinox- Geographic focus
      • Table Acerinox - Segment focus
      • Table Acerinox- Key offerings
    • AK Steel
      • Table AK Steel: Overview
      • Table AK Steel - Business overview
      • Table AK Steel - Organizational developments
      • Table AK Steel - Geographic focus
      • Table AK Steel - Key offerings
    • Guangxi Chengde Group
      • Table Guangxi Chengde Group: Overview
      • Table Guangxi Chengde Group - Business overview
      • Table Guangxi Chengde Group - Organizational developments
      • Table Guangxi Chengde Group - Geographic focus
      • Table Guangxi Chengde Group - Segment focus
      • Table Guangxi Chengde Group - Key offerings
    • Outokumpu
      • Table Outokumpu: Overview
      • Table Outokumpu- Business segments
      • Table Outokumpu - Organizational developments
      • Table Outokumpu - Geographic focus
      • Table Outokumpu - Segment focus
      • Table Outokumpu - Key offerings
    • POSCO
      • Table POSCO: Overview
      • Table POSCO - Business overview
      • Table POSCO - Organizational developments
      • Table POSCO - Geographic focus
      • Table POSCO - Segment focus
      • Table POSCO - Key offerings
    • Tsinghan
      • Table Tsinghan: Overview
      • Table Tsinghan - Business overview
      • Table Tsinghan - Organizational developments
      • Table Tsinghan - Geographic focus
      • Table Tsinghan - Segment focus
      • Table Tsinghan - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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