Stainless Steel Sheet Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Stainless Steel Sheet Market
The Stainless Steel Sheet market size was valued at USD 107.19 billion in 2022, and the market is now projected to grow from USD 112.43 billion in 2023 to USD 167.48 billion by 2030, exhibiting a CAGR of 5.9% during the forecast period of 2023-2030.
In 2019, the COVID-19 pandemic caused significant disruptions to supply chains due to material and transport limitations, triggering trade constraining regulations by leading industrialized nations like China and India resulting in patterns of insufficient supply for stainless steel emanating from low demand which negatively affected earnings levels of producers prompting them to either scale down on output volumes or close down operations altogether thereby exacerbating matters pertaining to Stainless Steel Sheet market growth.
Stainless steel is perfect for consumer goods, household items and terribly many industries like food processing, manufacturing, construction and aerospace due to its high resistance to corrosion. Its use in sinks, machine parts, vehicles and ocean-going nuts and bolts is common. It is very useful in almost all kinds of manufacturing process since it does not react easily with other materials when heated up past its melting point in Stainless Steel Sheet market share.
It is expected that advances in technology–plasma cutting–will drive the growth of the stainless steel sheet market. This has seen plasma cutting outperform other technologies like laser cutting, shearing or bandsaws by allowing for faster speeds in application processing, cutting down on costs- an essential factor when looking at market opportunities–while providing quality finishes which customers want more. Thus, this development is important for market growth.
Comprehensive Analysis of Stainless Steel Sheet Market
The Stainless Steel Sheet market and Chemicals & Advanced Materials industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Type Analysis, by Application Analysis. The Type Analysis, 304 sheets, 310 sheets, 316 stainless steel sheets, and others. However, the Application Analysis, manufacturing, construction, automotive, consumer goods, and others.
The Asia Pacific region lead the Stainless Steel Sheet market by benefitting a market size of USD 78.63 billion in 2022 due to rising steel production, increasing investments in research & development, and supporting the market growth.
The top players in the market play a crucial role in the Chemicals & Advanced Materials industrial prospectus growth and setting market standards. These players include, Aperam (Luxembourg), POSCO (South Korea), Nippon Steel (Japan), Yieh United Steel Corp (Taiwan), Acerinox (Spain), Outokumpu (Finland), Tata Steel Ltd (India), AB STEEL (U.S.), Baosteel Group Hu (Baowu) (China), Rajguru Steel Industries (India), these market players provide a level-playing competitive landscape.
In December 2022, announced a new project that utilizes an electric furnace for the production of high quality steel sheets using continuous casting; the project has an anticipated annual capacity of 1.8 million tons. This facility will also manufacture silicon based materials as well as automotive grade metals thus building on what they specialize in so far thereby increasing their market share.
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Unit Value (USD Billion)
Growth Rate CAGR of 5.9% during 2023-2030
Segmentation Type, Application, and Geography
By Type 304 Stainless Steel Sheet
310 Stainless Steel Sheet
316 Stainless Steel Sheet
Series 200
Series 400
Others
By Application Construction
Manufacturing
Automotive
Consumer Goods
Others
By Geography North America (By Type, By Application, By Country)
- U.S.
- Canada
Europe (By Type, By Application, By Country)
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific (By Type, By Application, By Country)
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
Latin America (By Type, By Application, By Country)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Type, By Application, By Country)
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Segmentation Table
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Latest Technological AdvanPharma & Healthcare
- 4.3. Insights on Regulatory Scenario
- 4.4. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Potassium Methylate Market
- 5.1. Supply Chain Analysis & Challenges due to Covid-19
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Key Findings / Summary
- 6.2. By Type (Value)
- 6.2.1. Solution
- 6.2.2. Powder
- 6.3. By Application (Value)
- 6.3.1. Biodiesel
- 6.3.2. Personal Care
- 6.3.3. Agriculture
- 6.3.4. Pharma & Healthcare
- 6.3.5. Others
- 6.4. By Region (Value)
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Key Findings / Summary
- 7.2. By Type (Value)
- 7.2.1. Solution
- 7.2.2. Powder
- 7.3. By Application (Value)
- 7.3.1. Biodiesel
- 7.3.2. Personal Care
- 7.3.3. Agriculture
- 7.3.4. Pharma & Healthcare
- 7.3.5. Others
- 7.4. By Country (Value)
- 7.4.1. U.S
- 7.4.1.1. By Application
- 7.4.1.1.1. Biodiesel
- 7.4.1.1.2. Personal Care
- 7.4.1.1.3. Agriculture
- 7.4.1.1.4. Pharma & Healthcare
- 7.4.1.1.5. Others
- 7.4.2. Canada
- 7.4.2.1. By Application
- 7.4.2.1.1. Biodiesel
- 7.4.2.1.2. Personal Care
- 7.4.2.1.3. Agriculture
- 7.4.2.1.4. Pharma & Healthcare
- 7.4.2.1.5. Others
- 8. Europe Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Key Findings / Summary
- 8.2. By Type (Value)
- 8.2.1. Solution
- 8.2.2. Powder
- 8.3. By Application (Value/Volume)
- 8.3.1. Biodiesel
- 8.3.2. Personal Care
- 8.3.3. Agriculture
- 8.3.4. Pharma & Healthcare
- 8.3.5. Others
- 8.4. By Country (Value/Volume)
- 8.4.1. Germany
- 8.4.1.1. By Application
- 8.4.1.1.1. Biodiesel
- 8.4.1.1.2. Personal Care
- 8.4.1.1.3. Agriculture
- 8.4.1.1.4. Pharma & Healthcare
- 8.4.1.1.5. Others
- 8.4.2. U.K.
- 8.4.2.1. By Application
- 8.4.2.1.1. Biodiesel
- 8.4.2.1.2. Personal Care
- 8.4.2.1.3. Agriculture
- 8.4.2.1.4. Pharma & Healthcare
- 8.4.2.1.5. Others
- 8.4.3. France
- 8.4.3.1. By Application
- 8.4.3.1.1. Biodiesel
- 8.4.3.1.2. Personal Care
- 8.4.3.1.3. Agriculture
- 8.4.3.1.4. Pharma & Healthcare
- 8.4.3.1.5. Others
- 8.4.4. Italy
- 8.4.4.1. By Application
- 8.4.4.1.1. Biodiesel
- 8.4.4.1.2. Personal Care
- 8.4.4.1.3. Agriculture
- 8.4.4.1.4. Pharma & Healthcare
- 8.4.4.1.5. Others
- 8.4.5. Spain
- 8.4.5.1. By Application
- 8.4.5.1.1. Biodiesel
- 8.4.5.1.2. Personal Care
- 8.4.5.1.3. Agriculture
- 8.4.5.1.4. Pharma & Healthcare
- 8.4.5.1.5. Others
- 8.4.6. Rest of Europe
- 8.4.6.1. By Application
- 8.4.6.1.1. Biodiesel
- 8.4.6.1.2. Personal Care
- 8.4.6.1.3. Agriculture
- 8.4.6.1.4. Pharma & Healthcare
- 8.4.6.1.5. Others
- 9. Asia-Pacific Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Key Findings / Summary
- 9.2. By Type (Value)
- 9.2.1. Solution
- 9.2.2. Powder
- 9.3. By Application (Value/Volume)
- 9.3.1. Biodiesel
- 9.3.2. Personal Care
- 9.3.3. Agriculture
- 9.3.4. Pharma & Healthcare
- 9.3.5. Others
- 9.4. By Country (Value)
- 9.4.1. China
- 9.4.1.1. By Application
- 9.4.1.1.1. Biodiesel
- 9.4.1.1.2. Personal Care
- 9.4.1.1.3. Agriculture
- 9.4.1.1.4. Pharma & Healthcare
- 9.4.1.1.5. Others
- 9.4.2. India
- 9.4.2.1. By Application
- 9.4.2.1.1. Biodiesel
- 9.4.2.1.2. Personal Care
- 9.4.2.1.3. Agriculture
- 9.4.2.1.4. Pharma & Healthcare
- 9.4.2.1.5. Others
- 9.4.3. Japan
- 9.4.3.1. By Application
- 9.4.3.1.1. Biodiesel
- 9.4.3.1.2. Personal Care
- 9.4.3.1.3. Agriculture
- 9.4.3.1.4. Pharma & Healthcare
- 9.4.3.1.5. Others
- 9.4.4. South Korea
- 9.4.4.1. By Application
- 9.4.4.1.1. Biodiesel
- 9.4.4.1.2. Personal Care
- 9.4.4.1.3. Agriculture
- 9.4.4.1.4. Pharma & Healthcare
- 9.4.4.1.5. Others
- 9.4.5. Rest of Asia-Pacific
- 9.4.5.1. By Application
- 9.4.5.1.1. Biodiesel
- 9.4.5.1.2. Personal Care
- 9.4.5.1.3. Agriculture
- 9.4.5.1.4. Pharma & Healthcare
- 9.4.5.1.5. Others
- 10. Latin America Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Key Findings / Summary
- 10.2. By Type (Value)
- 10.2.1. Solution
- 10.2.2. Powder
- 10.3. By Application (Value)
- 10.3.1. Biodiesel
- 10.3.2. Personal Care
- 10.3.3. Agriculture
- 10.3.4. Pharma & Healthcare
- 10.3.5. Others
- 10.4. By Country (Value)
- 10.4.1. Brazil
- 10.4.1.1. By Application
- 10.4.1.1.1. Biodiesel
- 10.4.1.1.2. Personal Care
- 10.4.1.1.3. Agriculture
- 10.4.1.1.4. Pharma & Healthcare
- 10.4.1.1.5. Others
- 10.4.2. Mexico
- 10.4.2.1. By Application
- 10.4.2.1.1. Biodiesel
- 10.4.2.1.2. Personal Care
- 10.4.2.1.3. Agriculture
- 10.4.2.1.4. Pharma & Healthcare
- 10.4.2.1.5. Others
- 10.4.3. Rest of Latin America
- 10.4.3.1. By Application
- 10.4.3.1.1. Biodiesel
- 10.4.3.1.2. Personal Care
- 10.4.3.1.3. Agriculture
- 10.4.3.1.4. Pharma & Healthcare
- 10.4.3.1.5. Others
- 11. Middle East & Africa Potassium Methylate Market Analysis, Insights and Forecast, 2019-2030
- 11.1. Key Findings / Summary
- 11.2. By Type (Value)
- 11.2.1. Solution
- 11.2.2. Powder
- 11.3. By Application (Value)
- 11.3.1. Biodiesel
- 11.3.2. Personal Care
- 11.3.3. Agriculture
- 11.3.4. Pharma & Healthcare
- 11.3.5. Others
- 11.4. By Country (Value)
- 11.4.1. Saudi Arabia
- 11.4.1.1. By Application
- 11.4.1.1.1. Biodiesel
- 11.4.1.1.2. Personal Care
- 11.4.1.1.3. Agriculture
- 11.4.1.1.4. Pharma & Healthcare
- 11.4.1.1.5. Others
- 11.4.2. South Africa
- 11.4.2.1. By Application
- 11.4.2.1.1. Biodiesel
- 11.4.2.1.2. Personal Care
- 11.4.2.1.3. Agriculture
- 11.4.2.1.4. Pharma & Healthcare
- 11.4.2.1.5. Others
- 11.4.3. Rest of Middle East & Africa
- 11.4.3.1. By Application
- 11.4.3.1.1. Biodiesel
- 11.4.3.1.2. Personal Care
- 11.4.3.1.3. Agriculture
- 11.4.3.1.4. Pharma & Healthcare
- 11.4.3.1.5. Others
- 12. Company Profiles
- 12.1. BASF SE (Germany)
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Evonik (Germany)
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Sintez OKA Group of Companies (Russia)
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Gelsenchem Chemical Products GmbH (Germany)
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Shandong Seesuns New Materials Technology Co.,ltd (China)
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. American Elements (U.S.)
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Vizag Chemical International (India)
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Jigs Chemical (India)
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Other Key Players
- 13. Strategic Recommendations
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