Gulf Cooperation Council Stainless Steel 400 Series Market Size & Outlook
Gulf Cooperation Council stainless steel 400 series market, 2018-2030 (US$M)
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Gulf Cooperation Council stainless steel 400 series market highlights
- The Gulf Cooperation Council stainless steel 400 series market generated a revenue of USD 268.6 million in 2021 and is expected to reach USD 383.2 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 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 268.6 million |
| Market revenue in 2030 | USD 383.2 million |
| Growth rate | 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, Gulf Cooperation Council 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 Middle East & Africa, Gulf Cooperation Council stainless steel 400 series market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 383.2 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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Gulf Cooperation Council 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 41.88% in 2021. Horizon Databook has segmented the Gulf Cooperation Council 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 Middle East & Africa is a global leader in crude oil production. The economy of a number of leading countries of the region, including Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran is dependent on their oil & gas businesses. Different components developed from stainless steel 400 series are used in assemblies of drilling machines employed in oil & gas plants.
Thus, the demand for such machines is high in the Middle East & Africa as they are used to carry out exploration and production of oil & gas. This, in turn, drives the growth of stainless steel 400 series market in GCC countries from 2022 to 2030.
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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 Gulf Cooperation Council stainless steel 400 series market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council stainless steel 400 series market size, by application, 2018-2030 (US$M)
Gulf Cooperation Council Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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