Global Stainless Steel Market 2023-2027

Global Stainless Steel Market 2023-2027

Technavio has been monitoring the stainless steel market and is forecast to grow by 10299.64 th t during 2022-2027, accelerating at a CAGR of 3.38% during the forecast period. Our report on the stainless steel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an upsurge in consumption of high-strength stainless steel, economic growth in China and India boosting the demand for stainless steel, and corrosion resistance and excellent mechanical properties.

Technavio's stainless steel market is segmented as below:

By End-user

  • Metal products
  • Mechanical engineering
  • Automobile and transportation
  • Infrastructure and construction
  • Electrical engineering
By Product
  • Flat
  • Long
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America
This study identifies the growing demand for steel and stainless steel scrap as one of the prime reasons driving the stainless steel market growth during the next few years. Also, increased penetration in industrial applications and rising construction and infrastructure projects will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the stainless steel market covers the following areas:
  • Stainless steel market sizing
  • Stainless steel market forecast
  • Stainless steel market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading stainless steel market vendors that include Acerinox SA, Aperam, Cleveland Cliffs Inc., Foshan Maysky Stainless Steel Co. Ltd., HONG YUE STAINLESS STEEL Ltd., JFE Holdings Inc., Jindal Stainless Ltd., JSW STEEL Ltd., Mirach Metallurgy Co. Ltd., Nippon Steel Corp., Outokumpu, Penn Stainless, POSCO holdings Inc., Reliance Metalcenter, Sandmeyer Steel Co., Tata Steel Ltd., Tsingshan Holding Group Co. Ltd., Ulbrich Stainless Steels and Special Metals Inc., WJH Stainless Steel, and Yieh Corp. Also, the stainless steel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by End-user
      • Table Executive Summary - Chart on Market Segmentation by Product
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Global - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market- Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global stainless steel market 2017 - 2021
      • Table Historic market size - Data table on global stainless steel market 2017 - 2021 (thousand t)
    • End-user Segment Analysis 2017 - 2021
      • Table Historic market size - End-user segment 2017 - 2021 (thousand t)
    • Product Segment Analysis 2017 - 2021
      • Table Historic market size - Product segment 2017 - 2021 (thousand t)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic market size - Geography segment 2017 - 2021 (thousand t)
    • Country Segment Analysis 2017 - 2021
      • Table Historic market size - Country segment 2017 - 2021 (thousand t)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2022-2027 (%)
      • Table Data Table on End-user - Market share 2022-2027 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Metal products - Market size and forecast 2022-2027
      • Table Chart on Metal products - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Metal products - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Metal products - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Metal products - Year-over-year growth 2022-2027 (%)
    • Mechanical engineering - Market size and forecast 2022- 2027
      • Table Chart on Mechanical engineering - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Mechanical engineering - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Mechanical engineering - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Mechanical engineering - Year-over-year growth 2022-2027 (%)
    • Automobile and transportation - Market size and forecast 2022-2027
      • Table Chart on Automobile and transportation - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Automobile and transportation - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Automobile and transportation - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Automobile and transportation - Year-over-year growth 2022-2027 (%)
    • Infrastructure and construction - Market size and forecast 2022-2027
      • Table Chart on Infrastructure and construction - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Infrastructure and construction - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Infrastructure and construction - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Infrastructure and construction - Year-over-year growth 2022-2027 (%)
    • Electrical engineering - Market size and forecast 2022- 2027
      • Table Chart on Electrical engineering - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Electrical engineering - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Electrical engineering - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Electrical engineering - Year-over-year growth 2022-2027 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user (thousand t)
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2022-2027 (%)
      • Table Data Table on Product - Market share 2022-2027 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • Flat - Market size and forecast 2022-2027
      • Table Chart on Flat - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Flat - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Flat - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Flat - Year-over-year growth 2022-2027 (%)
    • Long - Market size and forecast 2022-2027
      • Table Chart on Long - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Long - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Long - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Long - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product (thousand t)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on APAC - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Europe - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on North America - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on South America - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on China - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • India - Market size and forecast 2022-2027
      • Table Chart on India - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on India - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on India - Year-over-year growth 2022-2027 (%)
      • Table Data Table on India - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on US - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on Japan - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • South Korea - Market size and forecast 2022-2027
      • Table Chart on South Korea - Market size and forecast 2022-2027 (thousand t)
      • Table Data Table on South Korea - Market size and forecast 2022-2027 (thousand t)
      • Table Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand t)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Upsurge in consumption of high-strength stainless steel
      • Economic growth in China and India boosting the demand for stainless steel
      • Corrosion resistance and excellent mechanical properties
    • Market challenges
      • Volatility in raw material prices
      • Excess production capacity
      • Carbon fiber gaining pace over stainless steel in automotive applications
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Growing demand for steel and stainless steel scrap
      • Increased penetration in industrial applications
      • Rising construction and infrastructure projects
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Acerinox SA
      • Table Acerinox SA - Overview
      • Table Acerinox SA - Business segments
      • Table Acerinox SA - Key offerings
      • Table Acerinox SA - Segment focus
    • Aperam
      • Table Aperam - Overview
      • Table Aperam - Business segments
      • Table Aperam - Key offerings
      • Table Aperam - Segment focus
    • Cleveland Cliffs Inc.
      • Table Cleveland Cliffs Inc. - Overview
      • Table Cleveland Cliffs Inc. - Product / Service
      • Table Cleveland Cliffs Inc. - Key offerings
    • JFE Holdings Inc.
      • Table JFE Holdings Inc. - Overview
      • Table JFE Holdings Inc. - Business segments
      • Table JFE Holdings Inc. - Key news
      • Table JFE Holdings Inc. - Key offerings
      • Table JFE Holdings Inc. - Segment focus
    • Jindal Stainless Ltd.
      • Table Jindal Stainless Ltd. - Overview
      • Table Jindal Stainless Ltd. - Product / Service
      • Table Jindal Stainless Ltd. - Key offerings
    • JSW STEEL Ltd.
      • Table JSW STEEL Ltd. - Overview
      • Table JSW STEEL Ltd. - Product / Service
      • Table JSW STEEL Ltd. - Key offerings
    • Mirach Metallurgy Co. Ltd.
      • Table Mirach Metallurgy Co. Ltd. - Overview
      • Table Mirach Metallurgy Co. Ltd. - Product / Service
      • Table Mirach Metallurgy Co. Ltd. - Key offerings
    • Nippon Steel Corp.
      • Table Nippon Steel Corp. - Overview
      • Table Nippon Steel Corp. - Business segments
      • Table Nippon Steel Corp. - Key offerings
      • Table Nippon Steel Corp. - Segment focus
    • Outokumpu
      • Table Outokumpu - Overview
      • Table Outokumpu - Business segments
      • Table Outokumpu - Key news
      • Table Outokumpu - Key offerings
      • Table Outokumpu - Segment focus
    • POSCO holdings Inc.
      • Table POSCO holdings Inc. - Overview
      • Table POSCO holdings Inc. - Business segments
      • Table POSCO holdings Inc. - Key offerings
      • Table POSCO holdings Inc. - Segment focus
    • Sandmeyer Steel Co.
      • Table Sandmeyer Steel Co. - Overview
      • Table Sandmeyer Steel Co. - Product / Service
      • Table Sandmeyer Steel Co. - Key offerings
    • Tata Steel Ltd.
      • Table Tata Steel Ltd. - Overview
      • Table Tata Steel Ltd. - Business segments
      • Table Tata Steel Ltd. - Key news
      • Table Tata Steel Ltd. - Key offerings
      • Table Tata Steel Ltd. - Segment focus
    • Tsingshan Holding Group Co. Ltd.
      • Table Tsingshan Holding Group Co. Ltd. - Overview
      • Table Tsingshan Holding Group Co. Ltd. - Product / Service
      • Table Tsingshan Holding Group Co. Ltd. - Key offerings
    • WJH Stainless Steel
      • Table WJH Stainless Steel - Overview
      • Table WJH Stainless Steel - Product / Service
      • Table WJH Stainless Steel - Key offerings
    • Yieh Corp.
      • Table Yieh Corp. - Overview
      • Table Yieh Corp. - Product / Service
      • Table Yieh Corp. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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