Latin America Stainless Steel Market Size & Outlook
Latin America stainless steel market, 2018-2030 (US$M)
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Latin America stainless steel market highlights
- The Latin America stainless steel market generated a revenue of USD 1,481.0 million in 2021.
- The market is expected to grow at a CAGR of 5.9% from 2022 to 2030.
- In terms of segment, 300 series was the largest revenue generating grade in 2021.
- 300 series is the most lucrative grade segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 1,481.0 million |
| Market revenue in 2030 | USD 2,478.1 million |
| Growth rate | 5.9% (CAGR from 2021 to 2030) |
| Largest segment | 300 series |
| Fastest growing segment | 300 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, Latin America region accounted for 1.4% 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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Latin America 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 48.98% in 2021. Horizon Databook has segmented the Latin America 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.
In terms of revenue, Latin America region accounted for 1.4% of market share in 2018, which is less as compared to other prominent regions of the global stainless steel market. This is mainly due to the slow economic growth of the region and small manufacturing sector as compared to North America, Europe, and Asia Pacific. In the last 15 years, the region had witnessed a 3% of average annual growth in GDP.
Although this is superior as compared to developed economies, the region still lagged behind other developing economies. South Asia, China, and Sub-Saharan regions had 5% of average annual growth over the same period. All these factors affect the long-term sustainability of any business. These factors have resulted in significantly low share of the region as compared to North America, Europe, and Asia Pacific.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America stainless steel market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America stainless steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America stainless steel market size, by country, 2018-2030 (US$M)
Latin America Stainless Steel Market Outlook Share, 2021 & 2030 (US$M)
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