China Stainless Steel Market Size & Outlook, 2021-2030
China stainless steel market, 2018-2030 (US$M)
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China stainless steel market highlights
- The China stainless steel market generated a revenue of USD 48,340.5 million in 2021 and is expected to reach USD 109,732.0 million by 2030.
- The China market is expected to grow at a CAGR of 9.5% 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.
Stainless steel market data book summary
| Market revenue in 2021 | USD 48,340.5 million |
| Market revenue in 2030 | USD 109,732.0 million |
| Growth rate | 9.5% (CAGR from 2021 to 2030) |
| Largest segment | 300 series |
| Fastest growing segment | Duplex series |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, China accounted for 46.4% of the global stainless steel market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China stainless steel market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 18,825.3 million by 2030.
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Stainless Steel Market Scope
Stainless Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 52.77% in 2021. Horizon Databook has segmented the China 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.
China is the one of the leading producer and consumer of stainless steel products globally. As per the International Organization of Motor Vehicle Manufacturers, China accounted for 29% of the global automotive production in 2018. In the same year, annual production of automobiles reached 2.78 million units in China. Stainless steel have high demand for exhausts systems in automotive and outer panels in buses and trucks.
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Target buyers of China 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 country-level data and insights on the China stainless steel market , including forecasts for subscribers. This country databook contains high-level insights into China stainless steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China stainless steel market size, by grade, 2018-2030 (US$M)
China Stainless Steel Market Outlook Share, 2021 & 2030 (US$M)
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