List of Contents

Stainless Steel Market Size, Share, and Trends 2024 to 2034

The global stainless steel market size was USD 118.98 billion in 2023, calculated at USD 127.07 billion in 2024 and is expected to reach around USD 241.70 billion by 2034. The market is expanding at a solid CAGR of 6.6% over the forecast period 2024 to 2034.

  • Last Updated : August 2024
  • Report Code : 1097
  • Category : Machinery and Equipment

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Stainless Steel Market, By Product

7.1. Stainless Steel Market, by Product Type, 2024-2034
7.1.1. Long
7.1.1.1. Market Revenue and Forecast (2021-2034)
7.1.2. Flat
7.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 8. Global Stainless Steel Market, By Application

8.1. Stainless Steel Market, by Application, 2024-2034
8.1.1. Automotive & Transportation
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Building & Construction
8.1.2.1. Market Revenue and Forecast (2021-2034)
8.1.3. Heavy Industry
8.1.3.1. Market Revenue and Forecast (2021-2034)
8.1.4. Consumer Goods
8.1.4.1. Market Revenue and Forecast (2021-2034)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Stainless Steel Market, By Grade

9.1. Stainless Steel Market, by Grade, 2024-2034
9.1.1. Duplex Series
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. 400 Series
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. 300 Series
9.1.3.1. Market Revenue and Forecast (2021-2034)
9.1.4. 200 Series
9.1.4.1. Market Revenue and Forecast (2021-2034)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Stainless Steel Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2021-2034)
10.1.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.3. Market Revenue and Forecast, by Grade (2021-2034)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.1.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.4.3. Market Revenue and Forecast, by Grade (2021-2034)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.1.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.1.5.3. Market Revenue and Forecast, by Grade (2021-2034)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.3. Market Revenue and Forecast, by Grade (2021-2034)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.4.3. Market Revenue and Forecast, by Grade (2021-2034)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.5.3. Market Revenue and Forecast, by Grade (2021-2034)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.6.3. Market Revenue and Forecast, by Grade (2021-2034)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2021-2034)
10.2.7.2. Market Revenue and Forecast, by Application (2021-2034)
10.2.7.3. Market Revenue and Forecast, by Grade (2021-2034)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.3. Market Revenue and Forecast, by Grade (2021-2034)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.4.3. Market Revenue and Forecast, by Grade (2021-2034)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.5.3. Market Revenue and Forecast, by Grade (2021-2034)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.6.3. Market Revenue and Forecast, by Grade (2021-2034)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2021-2034)
10.3.7.2. Market Revenue and Forecast, by Application (2021-2034)
10.3.7.3. Market Revenue and Forecast, by Grade (2021-2034)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.3. Market Revenue and Forecast, by Grade (2021-2034)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.4.3. Market Revenue and Forecast, by Grade (2021-2034)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.5.3. Market Revenue and Forecast, by Grade (2021-2034)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.6.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.6.3. Market Revenue and Forecast, by Grade (2021-2034)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2021-2034)
10.4.7.2. Market Revenue and Forecast, by Application (2021-2034)
10.4.7.3. Market Revenue and Forecast, by Grade (2021-2034)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.3. Market Revenue and Forecast, by Grade (2021-2034)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2021-2034)
10.5.4.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.4.3. Market Revenue and Forecast, by Grade (2021-2034)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2021-2034)
10.5.5.2. Market Revenue and Forecast, by Application (2021-2034)
10.5.5.3. Market Revenue and Forecast, by Grade (2021-2034)

Chapter 11. Company Profiles

11.1. POSCO
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Acerinox S.A.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Baosteel Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Jindal Stainless
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Aperam Stainless
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Nippon Steel Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Yieh United Steel Corp. (YUSCO)
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. ThyssenKrupp Stainless GmbH
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Outokumpu
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. ArcelorMittal
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

 

13.1. About Us
13.2. Glossary of Terms

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Frequently Asked Questions

As per Precedence Research, The global stainless steel market value was accounted at USD 118.98 Billion in 2023 and expected to reach USD 241.70 Billion by 2034.

The global stainless steel market is poised to grow at a compound annual growth rate (CAGR) 6.6% during the forecast period 2024 to 2034.

Increase in demand from consumer goods sector is the key factor that propels the market growth of stainless steel. Flourishing demand of stainless steel in the manufacturing of kitchen products such as showpieces, cookware, and stoves owing to its benefits that include high ductility & toughness, resistant to corrosion, and low maintenance required that in turn fuel the market growth in the consumer goods industry.

Some of the key players operating in the stainless steel market are POSCO, Acerinox S.A., Baosteel Group, Jindal Stainless, Aperam Stainless, Nippon Steel Corporation, Yieh United Steel Corp. (YUSCO), ThyssenKrupp Stainless GmbH, Outokumpu, and ArcelorMittal among others.

In 2023, flat products dominated the global stainless steel market because of increasing use of cold-rolled products.

Heavy industry constitute significant value share on a global scale in 2023.

The Asia Pacific emerged as a global leader in terms of volume and revenue both due to increasing manufacturing activities along with foreign investments in the region.

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