Global Stainless Steel Markets, Forecast to 2027: A $323+ Billion Opportunity

Thursday, 17. October 2019 12:54

Dublin, Oct. 17, 2019 (GLOBE NEWSWIRE) -- The "Stainless Steel Market to 2027 - Global Analysis and Forecasts by Grade, By Product, By Applications and Geography" report has been added to ResearchAndMarkets.com's offering.

The global stainless steel market is accounted to US$ 198,660 Mn in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019-2027, to account to US$ 323,144.6 Mn by 2027.

Increased adoption of natural products over synthetic products is driving the growth of the stainless steel market. Stainless steel has been used in the construction industry due to both its practical and aesthetic reason. The stainless steel is largely used in the construction sites to retain the original appearance owing to its higher durability properties. The characteristic features of stainless steel like corrosion resistance, high tensile strength, durability, and aesthetic appearance make it ideally suited in the construction and architectural applications.

The Europe stainless steel market is dominated by France, followed by the rest of European nations. The steel industry has gained an important place in the European economy, fostering growth, innovation, and employment. Growing automobile production and construction activities in the region have contributed towards the growth of the stainless steel market in this region. Also, emerging economies in this region are contributing to the overall growth of the stainless steel industry and provide remarkable growth opportunity to the industry players in this market.

Some of the players present in global stainless steel market are Acerinox S.A., Aperam S.A, ArcelorMittal S.A, Jindal Stainless Limited, Outokumpu OYJ, Sandmeyer steel company, Sandvik AB, Schmolz + Bickenbach Group, Thyssenkrupp AG, and Guangxi Chengdu group among others.

Reasons to Buy

  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global stainless steel, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Key Topics Covered

1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Stainless Steel Market - By Grade
1.3.2 Global Stainless Steel Market - By Product
1.3.3 Global Stainless Steel Market - By Application
1.3.4 Global Stainless Steel Market - By Geography

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Stainless Steel Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 PEST Analysis: North America Stainless Steel Market
4.2.2 PEST Analysis: Europe Stainless Steel Market
4.2.3 PEST Analysis: APAC Stainless Steel Market
4.2.4 PEST Analysis: RoW Stainless Steel Market
4.3 Expert Opinions

5. Stainless Steel Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rapid Growth in Automotive Industry
5.1.2 Increasing Demand by the Construction Industry
5.2 Key Market Restraints
5.2.1 Glass Fiber Reinforced Polymer (GFRP) Replacing Stainless Steel in Automotive Industry
5.3 Key Market Opportunities
5.3.1 Growing Demand for Steel and Stainless Steel Scrap
5.4 Future Trends
5.4.1 Increasing Focus Towards Low Carbon Stainless Steel
5.5 Impact Analysis of Drivers and Restraints

6. Stainless Steel - Global Market Analysis
6.1 Global Stainless Steel Market Overview
6.2 Global Stainless Steel Market Forecast and Analysis
6.3 Market Positioning - Global Market Players Ranking

7. Global Stainless Steel Market Analysis - By Grade
7.1 Overview
7.2 Global Stainless Steel Market Breakdown, By Grade, 2018 & 2027
7.3 400 Series
7.4 300 Series
7.5 200 Series
7.6 Others

8. Global Stainless Steel Market Analysis - By Product
8.1 Overview
8.2 Global Stainless Steel Market Breakdown, By Product, 2018 & 2027
8.3 Hot bars/ Wire Rods
8.4 Semis
8.5 Cold Bars/Wire Rods
8.6 Cold-Rolled Flat
8.7 Hot Coils
8.8 Hot Plate and Sheet

9. Global Stainless Steel Market Analysis - By Application
9.1 Overview
9.2 Global Stainless Steel Market Breakdown, By Application, 2018 & 2027
9.3 Automotive and Transportation
9.4 Building and Construction
9.5 Consumer Goods & Other Metal Components
9.6 Heavy Industries
9.7 Electrical Appliances

10. Stainless Steel Market - Geographical Analysis
10.1 Overview
10.2 North America Stainless Steel Market Revenue And Forecasts To 2027
10.3 Europe Stainless Steel Market Revenue Forecasts To 2027
10.4 APAC Stainless Steel Market Revenue And Forecasts To 2027
10.5 RoW Stainless Steel Market Revenue and Forecasts To 2027

11. Industry Landscape
11.1 Merger & Acquisition
11.2 New Development
11.3 Strategy And Business Planning

12. Company Profiles
12.1 Acerinox S.A.
12.2 Aperam S.A.
12.3 ArcelorMittal S.A.
12.4 Jindal Stainless Limited
12.5 Outokumpu OYJ
12.6 Sandmeyer Steel Company
12.7 Sandvik AB
12.8 Schmolz + Bickenbach Group
12.9 Thyssenkrupp AG
12.10 Guangxi Chengdu Group

For more information about this report visit https://www.researchandmarkets.com/r/coi8oi

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