UK Stainless Steel 400 Series Market Size & Outlook
UK stainless steel 400 series market, 2018-2030 (US$M)
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UK stainless steel 400 series market highlights
- The UK stainless steel 400 series market generated a revenue of USD 122.4 million in 2021 and is expected to reach USD 189.9 million by 2030.
- The UK market is expected to grow at a CAGR of 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 122.4 million |
| Market revenue in 2030 | USD 189.9 million |
| Growth rate | 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, UK accounted for 0.5% 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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UK 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 35.21% in 2021. Horizon Databook has segmented the UK 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.
In the recent past, the automotive industry in the UK benefited from investments by leading automakers such as Toyota, Nissan, Ford, BMW Group, and Jaguar Land Rover. However, the growth of this industry is not limited to automakers only.
The supply chain, which caters to the requirements of these automakers, has also observed a demand for the stainless steel 400 series with increasing growth opportunities in the automotive industry of the country.
According to the Society of Motor Manufacturers and Traders Ltd (SMMT), automobiles account for a share of approximately 10% of goods traded in the country. In addition, rising investments in infrastructure development projects by the Government of the UK.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK stainless steel 400 series market , including forecasts for subscribers. This country databook contains high-level insights into UK stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK stainless steel 400 series market size, by application, 2018-2030 (US$M)
UK Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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