Russia Stainless Steel 400 Series Market Size & Outlook
Russia stainless steel 400 series market, 2018-2030 (US$M)
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Russia stainless steel 400 series market highlights
- The Russia stainless steel 400 series market generated a revenue of USD 721.1 million in 2021 and is expected to reach USD 1,166.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 5.5% 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 721.1 million |
| Market revenue in 2030 | USD 1,166.0 million |
| Growth rate | 5.5% (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, Russia accounted for 2.7% 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 Europe, Russia stainless steel 400 series market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 923.0 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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Russia 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 36.1% in 2021. Horizon Databook has segmented the Russia 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 economy of Russia plunged by 3% in 2020 owing to the COVID-19 pandemic. However, it registered a growth rate of 4.7% in 2021. The economic growth of the country is expected to fall in 2022 owing to the new sanctions imposed on Russia by the western countries owing to its ongoing war with Ukraine.
The demand for stainless steel 400 series is anticipated to be sluggish in the country in the short term. expansions of its railway network, etc. These kinds of projects are anticipated to propel the demand for stainless steel 400 series in the country in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia stainless steel 400 series market , including forecasts for subscribers. This country databook contains high-level insights into Russia stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia stainless steel 400 series market size, by application, 2018-2030 (US$M)
Russia Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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