Brazil Stainless Steel 400 Series Market Size & Outlook
Brazil stainless steel 400 series market, 2018-2030 (US$M)
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Brazil stainless steel 400 series market highlights
- The Brazil stainless steel 400 series market generated a revenue of USD 265.3 million in 2021 and is expected to reach USD 401.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.7% from 2022 to 2030.
- In terms of segment, consumer goods was the largest revenue generating application in 2021.
- Consumer goods is the most lucrative application segment registering the fastest growth during the forecast period.
Stainless steel 400 series market data book summary
| Market revenue in 2021 | USD 265.3 million |
| Market revenue in 2030 | USD 401.5 million |
| Growth rate | 4.7% (CAGR from 2021 to 2030) |
| Largest segment | Consumer goods |
| Fastest growing segment | Consumer goods |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Building & Construction, Automotive & Transportation, Consumer goods, Mechanical Engineering & Heavy Industries, Medical, Aerospace, Other |
| Key market players worldwide | Acerinox SA, Outokumpu Oyj Class A, POSCO Holdings Inc ADR, Thyssenkrupp AG, BAOSTEEL, Yieh United Steel, Jindal Stainless, Fushun Special Steel, Aperam |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.0% of the global stainless steel 400 series market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil stainless steel 400 series market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 401.5 million by 2030.
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Stainless Steel 400 Series Market Scope
Stainless Steel 400 Series Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil stainless steel 400 series market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to stainless steel 400 series market will help companies and investors design strategic landscapes.
Consumer goods was the largest segment with a revenue share of 40.29% in 2021. Horizon Databook has segmented the Brazil stainless steel 400 series market based on building & construction, automotive & transportation, consumer goods, mechanical engineering & heavy industries, medical, aerospace, other covering the revenue growth of each sub-segment from 2018 to 2030.
The rising demand for 400 series of stainless steel in Brazil can be attributed to the increasing construction activities and surging investments by automobile manufacturers in the country. For instance, in 2021, the Government of Brazil decided to increase its budget for financing affordable housing in the country by 15% till 2024 under its social housing program, namely, Casa Verde e Amarela.
In the automotive industry of Brazil, beneficial policies formulated for domestic vendors of stainless steel 400 series are the key factors driving the growth of stainless steel 400 series market. For instance, import tariffs on passenger cars and automotive components are 35.2% and 16.5%, respectively in Brazil.
As a result, vendors in the country are majorly focused on sourcing local automotive parts than imported parts. This, in turn, is projected to fuel the demand for locally produced automotive parts developed from stainless steel 400 series in Brazil, thereby leading to the growth of the market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil stainless steel 400 series market , including forecasts for subscribers. This country databook contains high-level insights into Brazil stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil stainless steel 400 series market size, by application, 2018-2030 (US$M)
Brazil Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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