U.S. Stainless Steel Market Size & Outlook, 2021-2030
U.S. stainless steel market, 2018-2030 (US$M)
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U.S. stainless steel market highlights
- The U.S. stainless steel market generated a revenue of USD 7,291.5 million in 2021 and is expected to reach USD 15,660.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.9% 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 7,291.5 million |
| Market revenue in 2030 | USD 15,660.9 million |
| Growth rate | 8.9% (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, U.S. accounted for 7.0% 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 North America, U.S. stainless steel 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 15,660.9 million by 2030.
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Stainless Steel Market Scope
Stainless Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 58.65% in 2021. Horizon Databook has segmented the U.S. 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.
The excellent corrosion resistance provided stainless steel makes it an attractive material for use in various application segments. The increasing usage of stainless steel in heavy industries and consumer goods is expected to drive market growth for stainless steel in this region. The growth of construction sector in the U.S. is a key factor contributing to driving stainless steel market.
Stainless steel caters to demand from application segments such as consumer goods, building & construction, heavy industries and others. The growth in construction and consumer goods industry owing to increased population is expected to fuel demand for stainless steel products. The growing oil & gas industry in U.S is expected to impact positively on the market demand of stainless steel in U.S.
Aerospace sector is one of the key consumer industry of stainless steel products. Demand from this industry is likely to contribute to the growth of the market. In 2018, U.S. accounted for a share of over 47% in the global aerospace parts manufacturing industry. Being a leading country in this sector, the U.S. is projected to have numerous opportunities in the market.
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Target buyers of U.S. 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 U.S. stainless steel market , including forecasts for subscribers. This country databook contains high-level insights into U.S. stainless steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. stainless steel market size, by grade, 2018-2030 (US$M)
U.S. Stainless Steel Market Outlook Share, 2021 & 2030 (US$M)
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