Stainless Steel Market 2022

Stainless steel, also known as inox steel or inox, is an alloy of carbon and iron having rust-resistant and tarnish proof properties provided by chromium, which is found in iron. Stainless steel is commonly found in day-to-day objects such as needles, cutlery, and watches, among others as well as in heavy-duty products like machinery, motor vehicles, and construction equipment, among others. It has favourable properties like durability, eco-friendly, and temperature resistance. Stainless steel products are low maintenance and easy to clean, which makes the alloy economically viable, owing to which it is used in a wide range of applications, hence fuelling the industry growth.

The global stainless steel market is being driven by the robust applicability of the alloy in varied end-use industries supported by its favourable physical properties. Owing to inflating per capita incomes, urbanisation, and industrialisation, the growth in residential, public, and commercial construction and reconstruction projects are expected to accelerate the stainless steel market growth in the following years. In addition to this, the market growth is expected to be led by the surging focus on aesthetics, which is increasing the demand for exquisite cutlery made up of stainless steel. and bolstering the market growth of stainless steel in consumer goods applications. Apart from this, the Asia Pacific region is expected to hold a significant share in the global stainless steel market. This can be attributed to the commercialisation of China’s integrated nickel pig which offers a cheaper alternative to pure nickel, thereby reducing the overall price of stainless steel production. Hence, these are some of the factors positively influencing the growth of the market.

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Stainless Steel Market Segmentation
The market report analyses the market based on segmentations such as application and major region.

Stainless Steel Market Segmentation by Application

  • Metal Products
  • Mechanical Engineering
  • Construction
  • Motor Vehicles and Parts
  • Electrical Machinery
  • Others

Stainless Steel Market Breakup by Region

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.

Some of the major players in the market explored in the report are:

  • POSCO
  • Outokumpu
  • Acerinox S.A.
  • Nippon Steel Corporation
  • Aperam S.A.
  • Others

 

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Table of Contents

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players

4 Key Assumptions

5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends

6 Snapshot
6.1 Global
6.2 Regional

7 Industry Opportunities and Challenges

8 Global Stainless Steel Market Analysis
8.1 Key Industry Highlights
8.2 Global Stainless Steel Historical Market (2017-2021)
8.3 Global Stainless Steel Market Forecast (2022-2027)
8.4 Global Stainless Steel Market by Application
8.4.1 Metal Products
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Mechanical Engineering
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Construction
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Motor Vehicles and Parts
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Electrical Machinery
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Others
8.5 Global Stainless Steel Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa

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