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

  • Published: Dec 2022
  • Pages: 172
  • SKU: IRTNTR71876
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The stainless steel market is estimated to grow at a CAGR of 3.38% between 2022 and 2027. The size of the market is forecasted to increase by 10,299.64 thousand tons. The growth of the market depends on serval factors, including an upsurge in consumption of high-strength stainless steel, economic growth in China and India, and corrosion resistance and excellent mechanical properties.

This report extensively covers market segmentation by end-user (metal products, mechanical engineering, automobile and transportation, infrastructure and construction, and electrical engineering), product (flat and long), 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 Market During the Forecast Period?

Stainless Steel Market Size

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Parent Market Analysis

The reports categorize the global stainless steel market as a part of the global steel market, which covers products and companies engaged in the production of steel for a wide range of industrial applications. The global steel market includes producers of iron and steel and related products, including metallurgical (coking) coal mining used for steel production. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

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

Upsurge in the consumption of high-strength stainless steel is notably driving the market growth, although factors such as 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 Market Driver

Upsurge in the consumption of high-strength stainless steel is notably driving the stainless steel market growth. The use of high-strength stainless steel is increasing in architectural, industrial, and consumer applications due to its qualities such as affordable cost and high strength-to-weight ratio. Strategic positioning and branched-out product portfolios are some of the factors that will boost the sales of high-strength stainless steel during the forecast period.

In the automotive industry, high-strength stainless steel is used for manufacturing passenger compartments as well as the crumple zone. It is used in cross members, beams, and other structural components of vehicles. High-strength steel is also used to develop environment-friendly vehicles. These factors will fuel the growth of the global stainless steel market.

Significant Stainless Steel Market Trend

The growing demand for steel and stainless steel scrap is a key trend influencing the stainless steel market growth. The use of scraped steel and stainless steel is increasing due to the need to reduce carbon footprint. Recycling improves the industry's economic viability and reduces the environmental impact. On average, 1.79 metric tons of CO2 is saved for each metric ton of scrap steel. Therefore, stainless steel producers prefer steel and stainless steel scrap as raw materials.

Iron ore and steel or stainless steel scrap can be used alone or in combination with other raw materials for the preparation of stainless steel. The fluctuating prices of iron ore influence the demand for steel and stainless steel scrap. Manufacturers use steel and stainless steel scrap as major raw materials to decrease their overall cost of production. Thus, concerns regarding global warming are propelling the use of steel and stainless steel scrap to produce stainless steel products, which will increase their demand during the forecast period.

Key Stainless Steel Market Challenge

Volatility in raw material prices may impede the stainless steel market growth. The manufacturing of stainless steel depends on various commodities, metals, and industrial raw materials, including iron ore, ferrochrome, scraped steel, chromium, nickel, and others. However, the volatility in the prices of raw materials influences the profit margins of stakeholders. In January 2021, the average price of iron ore was about USD 158 per ton, which rose to USD 168 per ton in mid of 2021 and declined to USD 85 per ton in November 2021. The pricing differs from one region to another based on import and export tariffs.

The prices of stainless steel are unstable due to the volatility in raw material prices and the excess production of steel. The decline in oil prices also influences steel prices. This makes it difficult for stainless steel makers to predict raw material prices due to constant price fluctuations. Therefore, high volatility in the cost of raw materials is one of the major challenges for the global stainless steel market.

Key Stainless Steel 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.

Stainless Steel Market Share by Geography

Global Stainless Steel Market Customer Landscape

Who are the Major Stainless Steel 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.

  • Aperam - The company offers stainless steel that is available in form of coils and sheets, tubes, discs, flat bars, and precision strips.

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

 

  • Acerinox SA
  • Cleveland Cliffs Inc.
  • Foshan Maysky Stainless Steel Co. Ltd.
  • HONG YUE STAINLESS STEEL Ltd.
  • JFE Holdings Inc.
  • Jindal Stainless Ltd.
  • JSW STEEL Ltd.
  • Mirach Metallurgy Co. Ltd.
  • Nippon Steel Corp.
  • Outokumpu
  • Penn Stainless
  • POSCO holdings Inc.
  • Reliance Metalcenter
  • Sandmeyer Steel Co.
  • Tata Steel Ltd.
  • Tsingshan Holding Group Co. Ltd.
  • Ulbrich Stainless Steels and Special Metals Inc.
  • WJH Stainless Steel
  • Yieh 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 are the Fastest-Growing Segments in the Stainless Steel Market?

The market share growth by the metal products segment will be significant during the forecast period. The use of stainless steel in metal products provides an aesthetic appeal, extensive textures, strength, functionality, corrosion resistance properties, and ease of cleaning properties such products. The demand for stainless steel for manufacturing metal products is high due to its ease of fabrication and mechanical properties.

Stainless Steel Market Size

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The metal products segment showed a gradual increase in the market share of 20,426.71 thousand t in 2017 and continued to grow by 2021. Stainless steel is used in jewelry, belt buckles, clips, casings, watch straps and backs, cooker hoods, kitchen cabinets, worktops, drainers, sinks, and others. It is also used in kitchen vessels due to its hygiene properties, durability, and resilience to food discoloration and spoilage. The shift in consumer preference toward hygienic and easy-to-clean products is likely to increase the demand for stainless steel in metal products during the forecast period.

Which are the Key Regions for the Stainless Steel Market?

Stainless Steel Market Share by Geography

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APAC is estimated to account for 76% of the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

APAC has some of the largest stainless steel-producing countries in the world, such as China, Japan, South Korea, and India. China was the largest producer and consumer of stainless steel in 2020. Manufacturers are shifting to the consumption of scrap steel and stainless steel as raw materials to reduce pollution as well as manufacturing costs. These factors will drive the growth of the market in APAC during the forecast period.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The lifting of lockdowns in several countries, coupled with various government initiatives such as mass vaccination drives, resulted in a gradual increase in economic activities. In addition, several regional governments have announced stimulus packages for helping small- and medium-sized enterprises (SMEs) and have also modified a few policies such as tax rebates and installation payments of loans. Such initiatives by the governments in the region for the support of SMEs and large enterprises are expected to drive regional market growth during the forecast period.

 

Segment Overview

The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by End-user (Metal products, Mechanical engineering, Automobile and transportation, Infrastructure and construction, and Electrical engineering), Product (Flat and Long), and Geography (APAC, Europe, North America, Middle East and Africa, and South America).

  • End-user Outlook (thousand t, 2017 - 2027)
    • Metal products
    • Mechanical engineering
    • Automobile and transportation
    • Infrastructure and construction
    • Electrical engineering
  • Product Outlook (thousand t, 2017 - 2027)
    • Flat
    • Long
  • Region Outlook (thousand t, 2017 - 2027)
    • North America
      • The US
      • Canada
    • Europe
      • The UK
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East and Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Stainless Steel Market Scope

Report Coverage

Details

Page number

172

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.38%

Market growth 2023-2027

10,299.64 thousand t

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.81

Regional analysis

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

Performing market contribution

APAC at 76%

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

Acerinox SA, Aperam, Cleveland Cliffs Inc., Foshan Maysky Stainless Steel Co. Ltd., HONG YUE STAINLESS STEEL Ltd., JFE Holdings Inc., Jindal Stainless Ltd., JSW STEEL Ltd., Mirach Metallurgy Co. Ltd., Nippon Steel Corp., Outokumpu, Penn Stainless, POSCO holdings Inc., Reliance Metalcenter, Sandmeyer Steel Co., Tata Steel Ltd., Tsingshan Holding Group Co. Ltd., Ulbrich Stainless Steels and Special Metals Inc., WJH Stainless Steel, and Yieh Corp.

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, and Market condition analysis for the 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 Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the stainless steel market between 2023 and 2027
  • Precise estimation of the size of the stainless steel market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market 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 stainless steel market vendors

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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
    • 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 (thousand t)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand t)
      • 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 market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global stainless steel market 2017 - 2021 (thousand t)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 (thousand t)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 (thousand t)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (thousand t)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand t)

    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 Metal products - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Metal products - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 35: Data Table on Metal products - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 36: Chart on Metal products - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Metal products - Year-over-year growth 2022-2027 (%)
    • 6.4 Mechanical engineering - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Mechanical engineering - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 39: Data Table on Mechanical engineering - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 40: Chart on Mechanical engineering - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Mechanical engineering - Year-over-year growth 2022-2027 (%)
    • 6.5 Automobile and transportation - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Automobile and transportation - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 43: Data Table on Automobile and transportation - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 44: Chart on Automobile and transportation - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Automobile and transportation - Year-over-year growth 2022-2027 (%)
    • 6.6 Infrastructure and construction - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Infrastructure and construction - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 47: Data Table on Infrastructure and construction - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 48: Chart on Infrastructure and construction - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Infrastructure and construction - Year-over-year growth 2022-2027 (%)
    • 6.7 Electrical engineering - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Electrical engineering - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 51: Data Table on Electrical engineering - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 52: Chart on Electrical engineering - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Electrical engineering - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user (thousand t)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 55: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 57: Chart on Comparison by Product
      • Exhibit 58: Data Table on Comparison by Product
    • 7.3 Flat - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Flat - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 60: Data Table on Flat - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 61: Chart on Flat - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Flat - Year-over-year growth 2022-2027 (%)
    • 7.4 Long - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Long - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 64: Data Table on Long - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 65: Chart on Long - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Long - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 67: Market opportunity by Product (thousand t)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 97: Chart on India - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 98: Data Table on India - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 101: Chart on US - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 102: Data Table on US - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 South Korea - Market size and forecast 2022-2027
      • Exhibit 109: Chart on South Korea - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 110: Data Table on South Korea - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 111: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography (thousand t)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 Acerinox SA
              • Exhibit 120: Acerinox SA - Overview
              • Exhibit 121: Acerinox SA - Business segments
              • Exhibit 122: Acerinox SA - Key offerings
              • Exhibit 123: Acerinox SA - Segment focus
            • 12.4 Aperam
              • Exhibit 124: Aperam - Overview
              • Exhibit 125: Aperam - Business segments
              • Exhibit 126: Aperam - Key offerings
              • Exhibit 127: Aperam - Segment focus
            • 12.5 Cleveland Cliffs Inc.
              • Exhibit 128: Cleveland Cliffs Inc. - Overview
              • Exhibit 129: Cleveland Cliffs Inc. - Product / Service
              • Exhibit 130: Cleveland Cliffs Inc. - Key offerings
            • 12.6 JFE Holdings Inc.
              • Exhibit 131: JFE Holdings Inc. - Overview
              • Exhibit 132: JFE Holdings Inc. - Business segments
              • Exhibit 133: JFE Holdings Inc. - Key news
              • Exhibit 134: JFE Holdings Inc. - Key offerings
              • Exhibit 135: JFE Holdings Inc. - Segment focus
            • 12.7 Jindal Stainless Ltd.
              • Exhibit 136: Jindal Stainless Ltd. - Overview
              • Exhibit 137: Jindal Stainless Ltd. - Product / Service
              • Exhibit 138: Jindal Stainless Ltd. - Key offerings
            • 12.8 JSW STEEL Ltd.
              • Exhibit 139: JSW STEEL Ltd. - Overview
              • Exhibit 140: JSW STEEL Ltd. - Product / Service
              • Exhibit 141: JSW STEEL Ltd. - Key offerings
            • 12.9 Mirach Metallurgy Co. Ltd.
              • Exhibit 142: Mirach Metallurgy Co. Ltd. - Overview
              • Exhibit 143: Mirach Metallurgy Co. Ltd. - Product / Service
              • Exhibit 144: Mirach Metallurgy Co. Ltd. - Key offerings
            • 12.10 Nippon Steel Corp.
              • Exhibit 145: Nippon Steel Corp. - Overview
              • Exhibit 146: Nippon Steel Corp. - Business segments
              • Exhibit 147: Nippon Steel Corp. - Key offerings
              • Exhibit 148: Nippon Steel Corp. - Segment focus
            • 12.11 Outokumpu
              • Exhibit 149: Outokumpu - Overview
              • Exhibit 150: Outokumpu - Business segments
              • Exhibit 151: Outokumpu - Key news
              • Exhibit 152: Outokumpu - Key offerings
              • Exhibit 153: Outokumpu - Segment focus
            • 12.12 POSCO holdings Inc.
              • Exhibit 154: POSCO holdings Inc. - Overview
              • Exhibit 155: POSCO holdings Inc. - Business segments
              • Exhibit 156: POSCO holdings Inc. - Key offerings
              • Exhibit 157: POSCO holdings Inc. - Segment focus
            • 12.13 Sandmeyer Steel Co.
              • Exhibit 158: Sandmeyer Steel Co. - Overview
              • Exhibit 159: Sandmeyer Steel Co. - Product / Service
              • Exhibit 160: Sandmeyer Steel Co. - Key offerings
            • 12.14 Tata Steel Ltd.
              • Exhibit 161: Tata Steel Ltd. - Overview
              • Exhibit 162: Tata Steel Ltd. - Business segments
              • Exhibit 163: Tata Steel Ltd. - Key news
              • Exhibit 164: Tata Steel Ltd. - Key offerings
              • Exhibit 165: Tata Steel Ltd. - Segment focus
            • 12.15 Tsingshan Holding Group Co. Ltd.
              • Exhibit 166: Tsingshan Holding Group Co. Ltd. - Overview
              • Exhibit 167: Tsingshan Holding Group Co. Ltd. - Product / Service
              • Exhibit 168: Tsingshan Holding Group Co. Ltd. - Key offerings
            • 12.16 WJH Stainless Steel
              • Exhibit 169: WJH Stainless Steel - Overview
              • Exhibit 170: WJH Stainless Steel - Product / Service
              • Exhibit 171: WJH Stainless Steel - Key offerings
            • 12.17 Yieh Corp.
              • Exhibit 172: Yieh Corp. - Overview
              • Exhibit 173: Yieh Corp. - Product / Service
              • Exhibit 174: Yieh Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 175: Inclusions checklist
                • Exhibit 176: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 177: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 178: Research methodology
                • Exhibit 179: Validation techniques employed for market sizing
                • Exhibit 180: Information sources
              • 13.5 List of abbreviations
                • Exhibit 181: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT 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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              Stainless Steel market growth will increase by $10299.64 thousand t during 2023-2027.
              The stainless steel market is expected to grow at a CAGR of 3.38% during 2023-2027.
              Technavio has segmented the stainless steel market by end-user (Metal products, Mechanical engineering, Automobile and transportation, Infrastructure and construction, and Electrical engineering) ,product (Flat, Long, North America, MEA, and South America) , and geography (APAC, Europe, North America, Middle East and Africa, and South America).
              Acerinox SA, Aperam, Cleveland Cliffs Inc., Foshan Maysky Stainless Steel Co. Ltd., HONG YUE STAINLESS STEEL Ltd., JFE Holdings Inc., Jindal Stainless Ltd., JSW STEEL Ltd., Mirach Metallurgy Co. Ltd., Nippon Steel Corp., Outokumpu, Penn Stainless, POSCO holdings Inc., Reliance Metalcenter, Sandmeyer Steel Co., Tata Steel Ltd., Tsingshan Holding Group Co. Ltd., Ulbrich Stainless Steels and Special Metals Inc., WJH Stainless Steel, Yieh Corp. are a few of the key vendors in the stainless steel market.
              APAC will register the highest growth rate of 76.31% among the other regions. Therefore, the stainless steel market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • India
              • Japan
              • South Korea
              The key factors driving the stainless steel market growth are:
              • Upsurge in consumption of high-strength stainless steel
              • Growing demand for steel and stainless steel scrap
              The stainless steel market vendors should focus on grabbing business opportunities from the metal products segment as it accounted for the largest market share in the base year.
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