U.S. Stainless Steel 400 Series Market Size & Outlook
U.S. stainless steel 400 series market, 2018-2030 (US$M)
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U.S. stainless steel 400 series market highlights
- The U.S. stainless steel 400 series market generated a revenue of USD 2,137.4 million in 2021 and is expected to reach USD 3,910.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.9% 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.
Stainless steel 400 series market data book summary
| Market revenue in 2021 | USD 2,137.4 million |
| Market revenue in 2030 | USD 3,910.3 million |
| Growth rate | 6.9% (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, U.S. accounted for 7.9% 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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U.S. 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 36.07% in 2021. Horizon Databook has segmented the U.S. 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 the construction industry in the U.S. is a key factor contributing to the demand for the stainless steel 400 series in the country, residential and non-residential construction spending in the country witnessed a growth of 12.6% and 9.2%, respectively as compared with residential and non-residential construction spending of the U.S. in 2020.
The stainless steel 400 series is used in consumer goods and heavy industries. The growth of the consumer goods industry in the U.S. owing to its increased population is expected to fuel demand for stainless steel-based products in the country. This, in turn, is anticipated to lead to the growth of stainless steel 400 series market in the U.S. in the coming year.
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Our clientele includes a mix of stainless steel 400 series market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. stainless steel 400 series market , including forecasts for subscribers. This country databook contains high-level insights into U.S. stainless steel 400 series market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. stainless steel 400 series market size, by application, 2018-2030 (US$M)
U.S. Stainless Steel 400 Series Market Outlook Share, 2021 & 2030 (US$M)
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