China Stainless Steel 400 Series Market Size & Outlook
China stainless steel 400 series market, 2018-2030 (US$M)
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China stainless steel 400 series market highlights
- The China stainless steel 400 series market generated a revenue of USD 12,446.1 million in 2021 and is expected to reach USD 25,735.6 million by 2030.
- The China market is expected to grow at a CAGR of 8.4% 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 12,446.1 million |
| Market revenue in 2030 | USD 25,735.6 million |
| Growth rate | 8.4% (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, China accounted for 46.0% 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 Asia Pacific, China stainless steel 400 series market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,334.0 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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China 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 36.72% in 2021. Horizon Databook has segmented the China 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.
Rising investment in infrastructure development projects and increasing automotive production are projected to boost the demand for the stainless steel 400 series in China over the forecast period. For instance,In September 2021,The country is expecting to expand the network to over 22,000 km by 2025. This expansion comes under the 14th five-year plan (from 2021 to 25) of China. This will create demand for the stainless steel 400 series in the construction industry of the country.
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Our clientele includes a mix of stainless steel 400 series market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China stainless steel 400 series market , including forecasts for subscribers. This country databook contains high-level insights into China stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China stainless steel 400 series market size, by application, 2018-2030 (US$M)
China Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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