Asia Pacific Stainless Steel Market Size & Outlook
Asia Pacific stainless steel market, 2018-2030 (US$M)
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Asia Pacific stainless steel market highlights
- The Asia Pacific stainless steel market generated a revenue of USD 74,772.7 million in 2021.
- The market is expected to grow at a CAGR of 9.2% from 2022 to 2030.
- In terms of segment, 300 series was the largest revenue generating grade in 2021.
- Duplex series is the most lucrative grade segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 74,772.7 million |
| Market revenue in 2030 | USD 165,134.6 million |
| Growth rate | 9.2% (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 |
| Key market players worldwide | Acerinox SA, Aperam, ArcelorMittal SA Depository Receipt, BAOSTEEL, Jindal Stainless, Nippon Steel Corp, Outokumpu Oyj Class A, POSCO Holdings Inc ADR, Thyssenkrupp AG, Yieh United Steel |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 71.7% of the global stainless steel market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 165,134.6 million by 2030.
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Stainless Steel Market Scope
Stainless Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 49.66% in 2021. Horizon Databook has segmented the Asia Pacific 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.
Growing manufacturing activities and increasing foreign investments are some of the major driving factors for the stainless steel market in the region. The growth in these indicators has a direct correlation with the growth of end-use industries. Some of the end-use industries include automotive, aerospace, oil & gas, and construction. The growth of these industries anticipated to drive the stainless steel market over the forecast period.
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Target buyers of Asia Pacific stainless steel market databook
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Our clientele includes a mix of stainless steel market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific stainless steel market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific stainless steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific stainless steel market size, by country, 2018-2030 (US$M)
Asia Pacific Stainless Steel Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
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