Stainless Steel Market Analysis

  • Report ID: 4628
  • Published Date: Mar 03, 2023
  • Report Format: PDF, PPT

Stainless Steel Market Analysis

Type (Austenitic, Ferritic, Martensitic, Duplex, Precipitation)

The global stainless-steel market is segmented and analyzed for demand and supply by type into austenitic, ferritic, martensitic, duplex, and precipitation. Out of these segments, the austenitic segment holds the largest market share and is expected to keep its bigger share till 2033. This is because austenitic stainless steel makes up for more than 2/3rd of steel’s commercial production. This is because of qualities such as excellent resistance against corrosion, hardening with cold pressing, and resistance to heat treatments.

End-user (Automotive, Construction, Energy, Defense)

The global stainless steel devices market is also segmented and analyzed for demand and supply by end-user into automotive, construction, energy, and defense. Out of these segments, the construction segment is projected to hold the largest market share and is expected to generate the highest revenue by 2033. The construction and housing industry uses more than half of the total steel produced across the world. With buildings becoming taller and the ever-growing need for housing as the world population hits 8 billion, the segment is a key market driver.

Our in-depth analysis of the global market includes the following segments:

            By Type

  • Austenitic
  • Ferritic
  • Martensitic
  • Duplex
  • Precipitation

            By Series

  • 200
  • 300
  • 400
  • 2200
  • others

By End-User

  • Automotive
  • Construction
  • Energy
  • Defense
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Browse Key Market Insights with Data Illustration:

Author Credits:  Rajrani Baghel

  • Report ID: 4628
  • Published Date: Mar 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Inelastic demand, growth, and demand of steel in various core industries, and its ability to be recycled are the major factors driving the growth of the stainless steel market.

The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2033.

Availability of substitute materials, supply chain delays and issues, and labor supply and demand fluctuations are the challenges affecting the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are China BaoWu Steel Group Corporation Limited, ArcelorMittal, Ansteel Group Corporation Limited, NIPPON STEEL CORPORATION, Shagang Group Corporation, POSCO, HBIS Group, China Jianlong Steel Industrial Co Ltd., Shougang Group Co., Ltd., and Tata Steel Limited Company.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, series, end-user, and by region.

The construction segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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