India Stainless Steel 400 Series Market Size & Outlook
India stainless steel 400 series market, 2018-2030 (US$M)
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India stainless steel 400 series market highlights
- The India stainless steel 400 series market generated a revenue of USD 1,093.9 million in 2021 and is expected to reach USD 2,334.0 million by 2030.
- The India market is expected to grow at a CAGR of 8.8% 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 1,093.9 million |
| Market revenue in 2030 | USD 2,334.0 million |
| Growth rate | 8.8% (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, India accounted for 4.0% 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
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India 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 42.33% in 2021. Horizon Databook has segmented the India 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 initiatives undertaken by the Government of India, including Skill India and Make in India, have prompted a number of automakers to set up their plants in the country and procure high-quality stainless steel from its vendors. This is anticipated to positively impact the growth of stainless steel 400 series market in India from 2022 to 2030.
The surging demand for auto components owing to the rising production of automobiles, increasing exports, and diversifying automotive industry has fueled the demand for 400 series stainless steel in the country. The automotive industry in India has been showing significant growth potential.
It has led to long-term expansion strategies by top car manufacturers in the country. This, in turn, is expected to enhance the demand for stainless steel 400 series in India from 2022 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the India stainless steel 400 series market , including forecasts for subscribers. This country databook contains high-level insights into India stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India stainless steel 400 series market size, by application, 2018-2030 (US$M)
India Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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