Europe Stainless Steel 400 Series Market Size & Outlook
Europe stainless steel 400 series market, 2018-2030 (US$M)
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Europe stainless steel 400 series market highlights
- The Europe stainless steel 400 series market generated a revenue of USD 3,656.7 million in 2021.
- The market is expected to grow at a CAGR of 6.1% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 3,656.7 million |
| Market revenue in 2030 | USD 6,241.2 million |
| Growth rate | 6.1% (CAGR from 2021 to 2030) |
| Largest segment | Consumer goods |
| Fastest growing segment | Consumer goods |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Europe region accounted for 13.5% of the global stainless steel 400 series market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 36,238.9 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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Europe 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 35.73% in 2021. Horizon Databook has segmented the Europe 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 countries of the European Union play a significant role in the growth of stainless steel 400 series market of the region owing to the large-scale production of components in these countries that are used in various industries such as automotive, building & construction, and aerospace.
Europe is characterized by the presence of a large number of manufacturers of automobiles and automotive components in Germany and a massive aircraft manufacturing industry in France. The flourishing automotive and aircraft manufacturing industries in the region are expected to have a positive impact
on demand for stainless steel 400 series, thereby fueling the growth of the market in Europe. Moreover, the demand for 400 series of stainless steel in the region is expected to be driven by surged investments in infrastructure development projects by governments of different countries of Europe in the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe stainless steel 400 series market , including forecasts for subscribers. This continent databook contains high-level insights into Europe stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe stainless steel 400 series market size, by country, 2018-2030 (US$M)
Europe Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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