Japan Stainless Steel 400 Series Market Size & Outlook
Japan stainless steel 400 series market, 2018-2030 (US$M)
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Japan stainless steel 400 series market highlights
- The Japan stainless steel 400 series market generated a revenue of USD 2,368.7 million in 2021 and is expected to reach USD 4,008.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 6% 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 2,368.7 million |
| Market revenue in 2030 | USD 4,008.4 million |
| Growth rate | 6% (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, Japan accounted for 8.8% 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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Japan 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 36.34% in 2021. Horizon Databook has segmented the Japan 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 automotive industry is one of the key contributors to the surged consumption of stainless steel in Japan. According to OICA, the country has witnessed an increase in the production of new vehicles from 581,438 units in 2020 to 613,003 units in 2021, growing at a rate of 5.4% from 2020 to 2021.
Therefore, the surge in the production of new vehicles at a fast rate is expected to fuel the demand for stainless steel 400 series in Japan from 2022 to 2030. The machinery & tools industry in Japan was significantly affected by the COVID-19 pandemic.
With the easing of restrictions and safety measures, an upward trend was observed in trading and manufacturing activities in the country in 2021. This resulted in a rise in demand for tools & machinery in Japan.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan stainless steel 400 series market , including forecasts for subscribers. This country databook contains high-level insights into Japan stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan stainless steel 400 series market size, by application, 2018-2030 (US$M)
Japan Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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