Global Stainless Steel Market Size & Outlook, 2021-2030
Global stainless steel market, 2018-2030 (US$M)
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Global stainless steel market highlights
- The global stainless steel market generated a revenue of USD 104,227.0 million in 2021 and is expected to reach USD 223,598.0 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 8.9% by 2030.
- In terms of segment, 300 series accounted for a revenue of USD 55,197.0 million in 2021.
- Duplex series is the most lucrative grade segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 104,227.0 million |
| Market revenue in 2030 | USD 223,598.0 million |
| Growth rate | 8.9% (CAGR from 2021 to 2030) |
| Largest segment | 300 series |
| Fastest growing segment | Duplex series |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 200 series, 300 series, 400 series, Duplex series |
Other key industry trends
- In terms of revenue, the North America accounted for 9.4% of the global stainless steel market in 2021.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 1,632.4 million by 2030.
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Stainless Steel Market Scope
Stainless Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global stainless steel 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 market will help companies and investors design strategic landscapes.
300 series was the largest segment with a revenue share of 52.96% in 2021. Horizon Databook has segmented the Global stainless steel market based on 200 series, 300 series, 400 series, duplex series covering the revenue growth of each sub-segment from 2018 to 2030.
Stainless steel is used extensively utilized in the construction and infrastructure industry. Stainless steel is majorly used to provide strength and support to structure. Many parts of the building are made from stainless steel such as beams, columns, wall supports, drainage and water system, handrails and roofing.
As per UN's World Population Projections, global population is projected to reach 8.6 billion in 2030 and 10 billion by 2050. This along with rising housing needs and urbanization is projected to fuel the demand for stainless steel in construction and infrastructure. This trend is expected to propel the demand for stainless steel across the said forecast period.
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Our clientele includes a mix of stainless steel 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 global-level data and insights on the Global stainless steel market , including forecasts for subscribers. This global databook contains high-level insights into Global stainless steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global stainless steel market size, by regions, 2018-2030 (US$M)
Top 10 countries: Stainless steel market size, 2021 (US$M)
Global stainless steel market share, by grade, 2021 & 2030 (%, US$M)
Stainless steel market: Opportunity assessment by country
Global stainless steel market, by region, 2021 (US$M)
| Grade | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 11,213.1 | 10,400.0 | 9,008.8 | 9,780.6 | 10,450.8 | 11,255.1 | 12,216.7 | 13,316.8 | 14,466.2 | 15,676.0 | 17,129.8 | 18,772.9 | 20,633.6 | 8.7% |
| Europe | 17,170.6 | 15,961.3 | 13,561.5 | 14,634.3 | 15,542.0 | 16,635.9 | 17,946.0 | 19,440.6 | 20,986.5 | 22,597.7 | 24,535.5 | 26,714.8 | 29,170.0 | 8.0% |
| Asia Pacific | 84,739.1 | 79,475.1 | 68,655.9 | 74,772.7 | 80,183.2 | 86,701.3 | 94,523.8 | 103,529.7 | 113,046.0 | 123,174.0 | 135,382.4 | 149,280.3 | 165,134.6 | 9.2% |
| Latin America | 1,706.0 | 1,661.3 | 1,400.0 | 1,481.0 | 1,542.1 | 1,618.7 | 1,712.5 | 1,819.5 | 1,926.6 | 2,034.9 | 2,167.0 | 2,314.2 | 2,478.1 | 5.9% |
| MEA | 4,167.1 | 3,947.6 | 3,337.4 | 3,558.5 | 3,732.1 | 3,942.6 | 4,194.9 | 4,479.2 | 4,762.7 | 5,047.6 | 5,389.8 | 5,766.7 | 6,181.7 | 6.3% |
| Overall | 118,996.0 | 111,445.2 | 95,963.6 | 104,227.1 | 111,450.2 | 120,153.6 | 130,593.8 | 142,585.7 | 155,188.0 | 168,530.2 | 184,604.6 | 202,848.9 | 223,598.0 | 8.9% |
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