Stainless Steel 400 Series Market by End-user, Product Type, and Geography - Forecast and Analysis 2023-2027

Published: Apr 2023 Pages: 162 SKU: IRTNTR75312

The stainless steel 400 series market size is estimated to grow at a CAGR of 7.19% between 2022 and 2027. The market size is forecast to increase by USD 11,808.01 million. The growth of the market depends on several factors, including economic growth in China and India boosting demand for the stainless steel 400 series, an upsurge in consumption of high-strength stainless steel, and corrosion resistance and excellent mechanical properties.

This stainless steel 400 series market report extensively covers market segmentation by end-user (consumer goods, mechanical engineering and heavy industries, automotive and transportation, building and construction, and others), product type (plate and sheet, bar and tubular, and structural), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Stainless Steel 400 Series Market During the Forecast Period?

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Stainless Steel 400 Series Market: Key Drivers, Trends, Challenges, and Customer Landscape

The economic growth in China and India boosting demand for the stainless steel 400 series is notably driving the market growth, although volatility in raw material prices may impede the market growth.  Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Stainless Steel 400 Series Market Driver

Economic growth in China and India boosting demand for the stainless steel 400 series is notably driving the stainless steel 400 series market growth. Steel is one of the most important technological innovations of the modern world and is of strategic importance to all developed countries. China and India are among the world's largest crude steel producers, and India is projected to become the second-largest crude steel producer during the forecast period.

The market in China has been primarily driven by rapid changes in the economy and infrastructure. The boom in construction and manufacturing is a key factor driving the demand for stainless steel, including 400 series stainless steel, in the country. India is one of the largest and fastest-growing markets for 400 series stainless steel products due to the country's increasing industrialization and flourishing automotive and construction industries. The ready availability of raw materials and skilled low-cost labor drive the Indian 400 series stainless steel market. Rapid industrialization and infrastructure development in China and India are the main drivers for stainless steel products. Growth in process industries such as food and beverage, chemical,  paper, and pulp are also driving the growth of the 400 series stainless steel market. 

Significant Stainless Steel 400 Series Market Trends

Increased penetration of the stainless steel 400 series in industrial applications is a key trend influencing the stainless steel 400 series market growth. 400 series stainless steel is one of the most commonly used metals in industrial applications due to its durability, yield strength, and corrosion resistance. It is widely consumed in the mining, quarrying, chemical, petrochemical, electrical engineering, power generation,  food and beverage industries. Additives such as nickel, chromium, and manganese give stainless steel corrosion resistance and strength. It is also resistant to mechanical damage.

400 series stainless steel is used in many industrial applications for the storage and transportation of liquids, air, and gases. Stainless steel products have high strength, formability, and recyclability. The automotive industry uses stainless steel products to manufacture axle shafts, steering components, chassis components, and seats. 400 series stainless steel maintains and improves the strength of steel. It also improves the surface appearance and prevents corrosion. Therefore, it improves the safety performance of the vehicle. This is a major requirement for modern automobiles. The excellent mechanical properties and corrosion resistance of 400 series stainless steel will facilitate its use in industrial applications during the forecast period. 

Major Stainless Steel 400 Series Market Challenge

Volatility in raw material prices is challenging the stainless steel 400 series market growth. Commodity price volatility is one of the key challenges facing the market. The production of 400 series stainless steel is dependent on a variety of commodities, metals, iron ore, ferrochrome, ferrous scrap, and chromium. Commodity prices for products and metals are directly related to global economic performance and price elasticity. Price volatility leaves market uncertainties and impacts the profit margins of value chain stakeholders.

Average iron ore prices approached USD 158/ton in January 2021, rising to USD 168/ton in mid-2021 and falling to USD 85/ton in November 2021. Iron ore prices also continued to rise in 2020, with an average price of 108/ton. Global economic conditions play an important role in determining the performance of this market. The iron ore price structure differs from region to region due to import and export tariffs,  posing challenges to the growth of the market. Comprehensive raw material prices cover nearly 50% to 60% of the total cost of continuous production of 400 stainless steel. Fluctuations in commodity prices will also put pressure on manufacturers' profit margins, impeding growth during the forecast period.

Key Stainless Steel 400 Series Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Stainless Steel 400 Series Market Customer Landscape

Who are the Major Stainless Steel 400 Series Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ambica Steels Ltd: The company offers Ferritics or stainless steel 400 series for car exhaust systems, cooking utensils, conveyor chains, boilers, trim, domestic appliances, dishware, hot water tanks, and tubes.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Aperam SA
  • ArcelorMittal
  • BALLKINGS
  • Baosteel Group Corp.
  • E United Group
  • Helander
  • Hunan Fushun Metal Co. Ltd.
  • Jindal Stainless Ltd.
  • Metline Industries
  • Mirach Metallurgy Co. Ltd.
  • Nippon Steel Corp.
  • Outokumpu Oyj
  • POSCO holdings Inc.
  • ThyssenKrupp AG
  • Tianjin Pipe International Economic and Trading Corp.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Stainless Steel 400 Series Market?

The market share growth by the consumer goods segment will be significant during the forecast period. The growth of 400 series stainless steel in consumer goods is driven by factors such as the cost-effectiveness of stainless steel, high strength and durability of 400 series stainless steel, corrosion resistance, ease of manufacturing, and aesthetic appeal of 400 series stainless steel. 400 series stainless steel is more cost-effective than other grades of stainless steel, making it popular with consumer goods manufacturers looking to create affordable products.400 series stainless steel is martensitic stainless steel known for its high strength and durability. It is resistant to wear and tear, making it ideal for consumer goods that need to withstand constant use, such as kitchen utensils, cutlery, and tools.

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The consumer goods segment was valued at USD 8,381.94 million in 2017 and continued to grow until 2021. 400 series stainless steel has moderate corrosion resistance, so consumers may be exposed to some degree of moisture and humidity such as suitable for use in consumer products such as bathroom faucets, kitchen sinks,  and appliances. 400 series stainless steel is easy to machine and is ideal for consumer products requiring complex shapes and designs. It can be machined, welded, and formed into a variety of shapes and sizes, making it suitable for use in a wide variety of consumer products. Growth in the global 400 series stainless steel consumer goods market is expected to increase during the forecast period as consumers demand durable, affordable, and aesthetically pleasing products. The ability of 400 series stainless steel to meet these requirements makes it an attractive choice for consumer product manufacturers. 

Which are the Key Regions for the Stainless Steel 400 Series Market?

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APAC is estimated to contribute 72% to the growth of the global stainless steel 400 series market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The growth of the 400 series stainless steel market in the Asia Pacific (APAC) region is driven by factors such as increasing industrialization, expanding infrastructure development, increasing demand from the automotive industry, increasing consumer goods production, and government initiatives. It will drive the growth of the stainless steel 400 boost series in the region during the forecast period. The APAC region is undergoing rapid industrialization, especially in countries such as China and India, which are major consumers of the stainless steel 400 series. Stainless steels are in increasing demand as they are suitable for industrial applications that require high strength, durability, and corrosion resistance.

The COVID-19 outbreak hampered the growth of the market in 2020. This is due to lockdowns imposed across the world to curb the spread of the virus. Due to this, a number of ongoing construction projects and industrial production, such as steel production in the world, got halted. This sharply reduced the demand for 400 series stainless steel, slowing the growth of the market in 2020. Mass vaccination campaigns gradually increased economic activity. Also, several governments across the world announced stimulus packages to support small and medium enterprises (SMEs) and changed some policies such as tax refunds and loan disbursements to support businesses. Such funds provided by governments to support small and medium enterprises as well as large corporations are expected to drive the growth of the market during the forecast period. 

Segment Overview

The stainless steel 400 series market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Million, 2017 - 2027)
    • Consumer goods
    • Mechanical engineering and heavy industries
    • Automotive and Transportation
    • Building and Construction
    • Others
  • Product Type Outlook (USD Million, 2017 - 2027)
    • Plate and sheet
    • Bar and tubular
    • Structural
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global stainless steel 400 series market as a part of the global steel market within the overall metals and mining market. The parent market  includes products and companies involved in the production of steel for a wide range of industrial applications. 

 

Stainless Steel 400 Series Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.19%

Market growth 2023-2027

USD 11,808.01 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.01

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 72%

Key countries

US, China, India, Japan, and South Korea

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ambica Steels Ltd., Aperam SA, ArcelorMittal, BALLKINGS, Baosteel Group Corp., E United Group, Helander, Hunan Fushun Metal Co. Ltd., Jindal Stainless Ltd., Metline Industries, Mirach Metallurgy Co. Ltd., Nippon Steel Corp., Outokumpu Oyj, POSCO holdings Inc., thyssenkrupp AG, Tianjin Pipe International Economic and Trading Corp., Tsingshan Holding Group Co. Ltd., Tubacex SA, Cleveland Cliffs Inc., and Tata Steel Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Stainless Steel 400 Series Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global stainless steel 400 series market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global stainless steel 400 series market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Product Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Consumer goods - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Consumer goods - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Consumer goods - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)
    • 6.4 Mechanical engineering and heavy industries - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Mechanical engineering and heavy industries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Mechanical engineering and heavy industries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Mechanical engineering and heavy industries - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Mechanical engineering and heavy industries - Year-over-year growth 2022-2027 (%)
    • 6.5 Automotive and transportation - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Automotive and transportation - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Automotive and transportation - Year-over-year growth 2022-2027 (%)
    • 6.6 Building and construction - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Building and construction - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Building and construction - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Building and construction - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Building and construction - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ million)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Product Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Product Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Product Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Product Type
      • Exhibit 58: Chart on Comparison by Product Type
      • Exhibit 59: Data Table on Comparison by Product Type
    • 7.3 Plate and sheet - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Plate and sheet - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Plate and sheet - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Plate and sheet - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Plate and sheet - Year-over-year growth 2022-2027 (%)
    • 7.4 Bar and tubular - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Bar and tubular - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Bar and tubular - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Bar and tubular - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Bar and tubular - Year-over-year growth 2022-2027 (%)
    • 7.5 Structural - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Structural - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Structural - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Structural - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Structural - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product Type
      • Exhibit 72: Market opportunity by Product Type ($ million)
      • Exhibit 73: Data Table on Market opportunity by Product Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 South Korea - Market size and forecast 2022-2027
      • Exhibit 115: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Aperam SA
              • Exhibit 127: Aperam SA - Overview
              • Exhibit 128: Aperam SA - Business segments
              • Exhibit 129: Aperam SA - Key offerings
              • Exhibit 130: Aperam SA - Segment focus
            • 12.4 ArcelorMittal
              • Exhibit 131: ArcelorMittal - Overview
              • Exhibit 132: ArcelorMittal - Business segments
              • Exhibit 133: ArcelorMittal - Key news
              • Exhibit 134: ArcelorMittal - Key offerings
              • Exhibit 135: ArcelorMittal - Segment focus
            • 12.5 Baosteel Group Corp.
              • Exhibit 136: Baosteel Group Corp. - Overview
              • Exhibit 137: Baosteel Group Corp. - Product / Service
              • Exhibit 138: Baosteel Group Corp. - Key offerings
            • 12.6 Cleveland Cliffs Inc.
              • Exhibit 139: Cleveland Cliffs Inc. - Overview
              • Exhibit 140: Cleveland Cliffs Inc. - Product / Service
              • Exhibit 141: Cleveland Cliffs Inc. - Key offerings
            • 12.7 E United Group
              • Exhibit 142: E United Group - Overview
              • Exhibit 143: E United Group - Product / Service
              • Exhibit 144: E United Group - Key offerings
            • 12.8 Helander
              • Exhibit 145: Helander - Overview
              • Exhibit 146: Helander - Product / Service
              • Exhibit 147: Helander - Key offerings
            • 12.9 Hunan Fushun Metal Co. Ltd.
              • Exhibit 148: Hunan Fushun Metal Co. Ltd. - Overview
              • Exhibit 149: Hunan Fushun Metal Co. Ltd. - Product / Service
              • Exhibit 150: Hunan Fushun Metal Co. Ltd. - Key offerings
            • 12.10 Jindal Stainless Ltd.
              • Exhibit 151: Jindal Stainless Ltd. - Overview
              • Exhibit 152: Jindal Stainless Ltd. - Product / Service
              • Exhibit 153: Jindal Stainless Ltd. - Key offerings
            • 12.11 Mirach Metallurgy Co. Ltd.
              • Exhibit 154: Mirach Metallurgy Co. Ltd. - Overview
              • Exhibit 155: Mirach Metallurgy Co. Ltd. - Product / Service
              • Exhibit 156: Mirach Metallurgy Co. Ltd. - Key offerings
            • 12.12 Nippon Steel Corp.
              • Exhibit 157: Nippon Steel Corp. - Overview
              • Exhibit 158: Nippon Steel Corp. - Business segments
              • Exhibit 159: Nippon Steel Corp. - Key offerings
              • Exhibit 160: Nippon Steel Corp. - Segment focus
            • 12.13 Outokumpu Oyj
              • Exhibit 161: Outokumpu Oyj - Overview
              • Exhibit 162: Outokumpu Oyj - Business segments
              • Exhibit 163: Outokumpu Oyj - Key news
              • Exhibit 164: Outokumpu Oyj - Key offerings
              • Exhibit 165: Outokumpu Oyj - Segment focus
            • 12.14 POSCO holdings Inc.
              • Exhibit 166: POSCO holdings Inc. - Overview
              • Exhibit 167: POSCO holdings Inc. - Business segments
              • Exhibit 168: POSCO holdings Inc. - Key offerings
              • Exhibit 169: POSCO holdings Inc. - Segment focus
            • 12.15 Tata Steel Ltd.
              • Exhibit 170: Tata Steel Ltd. - Overview
              • Exhibit 171: Tata Steel Ltd. - Business segments
              • Exhibit 172: Tata Steel Ltd. - Key news
              • Exhibit 173: Tata Steel Ltd. - Key offerings
              • Exhibit 174: Tata Steel Ltd. - Segment focus
            • 12.16 thyssenkrupp AG
              • Exhibit 175: thyssenkrupp AG - Overview
              • Exhibit 176: thyssenkrupp AG - Business segments
              • Exhibit 177: thyssenkrupp AG - Key offerings
              • Exhibit 178: thyssenkrupp AG - Segment focus
            • 12.17 Tianjin Pipe International Economic and Trading Corp.
              • Exhibit 179: Tianjin Pipe International Economic and Trading Corp. - Overview
              • Exhibit 180: Tianjin Pipe International Economic and Trading Corp. - Product / Service
              • Exhibit 181: Tianjin Pipe International Economic and Trading Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 182: Inclusions checklist
                • Exhibit 183: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 184: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 185: Research methodology
                • Exhibit 186: Validation techniques employed for market sizing
                • Exhibit 187: Information sources
              • 13.5 List of abbreviations
                • Exhibit 188: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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