Latin America Stainless Steel 400 Series Market Size & Outlook
Latin America stainless steel 400 series market, 2018-2030 (US$M)
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Latin America stainless steel 400 series market highlights
- The Latin America stainless steel 400 series market generated a revenue of USD 413.5 million in 2021.
- The market is expected to grow at a CAGR of 4.9% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 413.5 million |
| Market revenue in 2030 | USD 635.0 million |
| Growth rate | 4.9% (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, Latin America region accounted for 1.5% 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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Latin America 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 40.82% in 2021. Horizon Databook has segmented the Latin America 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 growth of stainless steel 400 series market in Central & South America can be attributed to the rising investments by automobile manufacturers and increasing construction activities in the region. The investment was made by the company to stay competitive in the market in this region and increase its profitability.
Rising investments in construction activities in different countries of Central & South America are expected to fuel the growth of stainless steel 400 series market in the region during the forecast period. For instance, in 2021.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America stainless steel 400 series market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America stainless steel 400 series market size, by country, 2018-2030 (US$M)
Latin America Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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