
Stainless Steel Market Size, Share, By Type (Cold Rolled Flat, Hot Plate & Sheet, Cold Bars & Wire, Hot Bars & Wire Rod, and Others), Grade (200 Series, 300 Series, 400 Series, Duplex Series, and Others), Application (Metal Products, Electrical Machinery,
Description
Stainless Steel Market Size, Share, By Type (Cold Rolled Flat, Hot Plate & Sheet, Cold Bars & Wire, Hot Bars & Wire Rod, and Others), Grade (200 Series, 300 Series, 400 Series, Duplex Series, and Others), Application (Metal Products, Electrical Machinery, Engineering, Construction, Automotive Parts, and Others), and Region - Trends, Analysis, and Forecast till 2035
Stainless steel is a versatile, durable, and rust-resistant alloy. Stainless steel is everywhere from the cutlery in kitchen to towering skyscrapers. Its unique properties, including corrosion resistance and strength, make it indispensable, which also helps to expand the market growth.
Stainless Steel Market Report Highlights:
Gain valuable insights into revenue projections for the overall market and its sub-segments, benefiting industry leaders and new entrants.
Enhance your understanding of the competitive landscape to refine business positioning and optimize go-to-market strategies.
Stay informed on the latest trends in the Stainless Steel Market, including key drivers, challenges, opportunities, and barriers.
Stainless Steel Market Key Highlights:
In December 2024, the European Commission launched the review of the functioning of the safeguard measure on imports of certain steel products. 13 EU member states, which consider it proven that such a procedure is necessary due to changes in the trade flows of steel, had already requested the Commission to initiate the review on November 29, 2024.
In September 2024, Metal supplier Swiss Steel Group has successfully launched a new variant of stainless steel that meets the highest ecological standards: Green Steel Stainless . This innovative solution demonstrates company’s commitment to sustainability and the protection of the environment. Green Steel Stainless is characterized by its “outstanding” properties as, depending on the requirement profile, it is corrosion and heat resistant, offers “excellent” mechanical properties, and is non-magnetic.
Stainless Steel Market Report Analysis:
Main Components of Stainless Steel:
Chromium: Stainless steel consists of chromium, typically between 10.5% and 30% of the total composition. This element provides the material with its primary feature: corrosion resistance. When exposed to air, chromium forms a thin oxide layer on the surface of the metal, preventing rust. This self-healing layer is why stainless steel remains durable and shiny for a longer duration, even in harsh environments.
Nickel: Nickel is often added to the components of stainless steel to enhance its formability, ductility, and strength. Alloys with higher nickel content tend to have better resistance to both acidic and alkaline environments. Additionally, nickel improves the aesthetic appeal of stainless steel, giving it a brighter and more polished finish.
Iron: Iron serves as the base metal in stainless steel compositions, making up the majority of the alloy. It contributes to the overall strength and magnetic properties of the material. Iron is essential for maintaining the structural integrity of stainless steel, particularly under extreme conditions.
Carbon, Molybdenum, and Other Elements: Carbon is a crucial element in stainless steel alloy composition, influencing the material’s hardness and tensile strength. Molybdenum, another critical component, enhances the alloy’s resistance to pitting and crevice corrosion, particularly in chloride-rich environments. Additional elements like manganese, silicon, and nitrogen are sometimes introduced into the alloy composition to improve specific properties, depending on the intended application.
Segmentation:
By Type:
What was the size of the Stainless Steel Market in 2024?
2. What is the expected growth rate of the Stainless Steel Market during 2025-2035?
3. What are the key factors driving the Stainless Steel Market?
4. What is the breakup of the Stainless Steel Market based on the distribution channel?
5. What are the key regions in the Stainless Steel Market?
6. Who are the key players/companies in the Stainless Steel Market?
7. What are the drivers, restraints, and opportunities in the Stainless Steel Market?
Stainless steel is a versatile, durable, and rust-resistant alloy. Stainless steel is everywhere from the cutlery in kitchen to towering skyscrapers. Its unique properties, including corrosion resistance and strength, make it indispensable, which also helps to expand the market growth.
Stainless Steel Market Report Highlights:
- By 2035, the market is envisioned to expand at USD 239.3 Billion.
- Stainless steel market size was estimated at USD 124.8 Billion in 2024.
- Target market is developing at a CAGR of 6.8%.
- By type, the market is led by the cold rolled flat segment.
- Based on grade, the 300 series segment is growing with the highest rate in market.
- Under application, the market is being dominated by the metal products segment.
- North America holds the biggest stainless steel market share.
- Asia Pacific is fastest growing region in the market globally.
Gain valuable insights into revenue projections for the overall market and its sub-segments, benefiting industry leaders and new entrants.
Enhance your understanding of the competitive landscape to refine business positioning and optimize go-to-market strategies.
Stay informed on the latest trends in the Stainless Steel Market, including key drivers, challenges, opportunities, and barriers.
Stainless Steel Market Key Highlights:
In December 2024, the European Commission launched the review of the functioning of the safeguard measure on imports of certain steel products. 13 EU member states, which consider it proven that such a procedure is necessary due to changes in the trade flows of steel, had already requested the Commission to initiate the review on November 29, 2024.
In September 2024, Metal supplier Swiss Steel Group has successfully launched a new variant of stainless steel that meets the highest ecological standards: Green Steel Stainless . This innovative solution demonstrates company’s commitment to sustainability and the protection of the environment. Green Steel Stainless is characterized by its “outstanding” properties as, depending on the requirement profile, it is corrosion and heat resistant, offers “excellent” mechanical properties, and is non-magnetic.
Stainless Steel Market Report Analysis:
Main Components of Stainless Steel:
Chromium: Stainless steel consists of chromium, typically between 10.5% and 30% of the total composition. This element provides the material with its primary feature: corrosion resistance. When exposed to air, chromium forms a thin oxide layer on the surface of the metal, preventing rust. This self-healing layer is why stainless steel remains durable and shiny for a longer duration, even in harsh environments.
Nickel: Nickel is often added to the components of stainless steel to enhance its formability, ductility, and strength. Alloys with higher nickel content tend to have better resistance to both acidic and alkaline environments. Additionally, nickel improves the aesthetic appeal of stainless steel, giving it a brighter and more polished finish.
Iron: Iron serves as the base metal in stainless steel compositions, making up the majority of the alloy. It contributes to the overall strength and magnetic properties of the material. Iron is essential for maintaining the structural integrity of stainless steel, particularly under extreme conditions.
Carbon, Molybdenum, and Other Elements: Carbon is a crucial element in stainless steel alloy composition, influencing the material’s hardness and tensile strength. Molybdenum, another critical component, enhances the alloy’s resistance to pitting and crevice corrosion, particularly in chloride-rich environments. Additional elements like manganese, silicon, and nitrogen are sometimes introduced into the alloy composition to improve specific properties, depending on the intended application.
Segmentation:
By Type:
- Cold Rolled Flat
- Hot Plate & Sheet
- Cold Bars & Wire
- Hot Bars & Wire Rod
- Others
- 200 Series
- 300 Series
- 400 Series
- Duplex Series
- Others
- Metal Products
- Electrical Machinery
- Engineering
- Construction
- Automotive Parts
- Others
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Jindal Stainless
- TATA STEEL
- SAIL
- Acerinox
- Sandmeyer Steel Company
- Outokumpu
- ArcelorMittal
- THYSSENKRUPP MATERIALS NA, INC.
- JFE STEEL CORPORATION
- JSW MI Steel Service Center Private Limited
- Stance Stainless Steel Co., Ltd.
- Acciai Speciali Terni
- NIPPON STEEL STAINLESS STEEL CORPORATION
- BAOSTEEL CO., LTD.
What was the size of the Stainless Steel Market in 2024?
2. What is the expected growth rate of the Stainless Steel Market during 2025-2035?
3. What are the key factors driving the Stainless Steel Market?
4. What is the breakup of the Stainless Steel Market based on the distribution channel?
5. What are the key regions in the Stainless Steel Market?
6. Who are the key players/companies in the Stainless Steel Market?
7. What are the drivers, restraints, and opportunities in the Stainless Steel Market?
Table of Contents
177 Pages
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Grade
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Product Launch
- Regulatory Scenarios
- Market Segmentation, By Type, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Cold Rolled Flat
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hot Plate & Sheet
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Cold Bars & Wire
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Hot Bars & Wire Rod
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Grade, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- 200 Series
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- 300 Series
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- 400 Series
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Duplex Series
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Application, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Metal Products
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Electrical Machinery
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Engineering
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Construction
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Automotive Parts
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Asia Pacific
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Rest of Asia Pacific
- Europe
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
- Latin America
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast (USD Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East and Africa
Pricing
Currency Rates
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