Mexico Stainless Steel 400 Series Market Size & Outlook
Mexico stainless steel 400 series market, 2018-2030 (US$M)
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Mexico stainless steel 400 series market highlights
- The Mexico stainless steel 400 series market generated a revenue of USD 1,093.6 million in 2021 and is expected to reach USD 1,906.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.4% 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 1,093.6 million |
| Market revenue in 2030 | USD 1,906.8 million |
| Growth rate | 6.4% (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, Mexico 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 North America, U.S. stainless steel 400 series market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,910.3 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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Mexico 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 37.41% in 2021. Horizon Databook has segmented the Mexico 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.
As of March 2022, the economy of Mexico had been recovering from the recession caused by the COVID-19 pandemic. Manufacturing and export activities in the country reached above the prepandemic levels in November 2021. The Government of Mexico is making efforts to contribute to the growth of the aerospace, construction, and heavy industries in the country.
This, in turn, is anticipated to contribute to the demand for stainless steel 400 series in the country in the coming years. The surge in investments to accelerate automotive production in Mexico is anticipated to contribute to increased consumption of stainless steel 400 series in the country during the forecast period.
Thus, rising investments for executing infrastructure development projects and accelerating automotive production in Mexico are projected to augment the growth of stainless steel 400 market in the country from 2022 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico stainless steel 400 series market , including forecasts for subscribers. This country databook contains high-level insights into Mexico stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico stainless steel 400 series market size, by application, 2018-2030 (US$M)
Mexico Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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