Stainless Steel Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global stainless steel market size was valued at USD 111.4 billion in 2019 and is anticipated to witness a CAGR of 6% in terms of revenue from 2021 to 2027.

Stainless steel contains a variety of materials that, when fused, become alloy steels. Stainless steel, an alloy of iron and chromium, nickel, in some cases, provides the iron’s resistance to corrosion. Chromium is responsible for providing these resistive properties to the alloy. Chromium secretes a thin layer of oxide known as the passive layer. Besides chromium, nitrogen and molybdenum are also added to this alloy. This means that it is an environmentally inert neutral alloy and can be recycled indefinitely. Stainless steel is so durable that it’s perfect for a variety of end-user verticals.

Market Segments

By Grades

• 200 Series
• 300 Series
• 400 Series
• Duplex Series
• Others

By Product

• Flat
• Long

By Application

• Building & Construction
• Heavy Industry
• Automotive & Transportation
• Consumer Goods
• Others

Key Players

• POSCO
• Outokumpu
• Acerinox S.A.
• Nippon Steel Corporation (OTCMKTS: NPSCY)
• Baosteel Group
• AK Steel Corporation
• Others

Scope of the Report

The research study analyzes the global Stainless Steel industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Stainless Steel Market Report

1. What was the Stainless Steel Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Stainless Steel Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Stainless Steel Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.