Global Ferritic Stainless Steel Market Growth 2025-2031

Global Ferritic Stainless Steel Market Growth 2025-2031

The global Ferritic Stainless Steel market size is predicted to grow from US$ 529 million in 2025 to US$ 683 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

Ferritic stainless steel is a type of stainless steel alloy characterized by its high chromium content and the presence of little to no nickel. It offers good corrosion resistance and is often used in applications where formability and weldability are important.

Ferritic stainless steel is commonly used in automotive exhaust systems, kitchen appliances, and architectural applications. The market for these alloys remains stable, with a focus on improving their corrosion resistance and mechanical properties.

LP Information, Inc. (LPI) ' newest research report, the “Ferritic Stainless Steel Industry Forecast” looks at past sales and reviews total world Ferritic Stainless Steel sales in 2024, providing a comprehensive analysis by region and market sector of projected Ferritic Stainless Steel sales for 2025 through 2031. With Ferritic Stainless Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ferritic Stainless Steel industry.

This Insight Report provides a comprehensive analysis of the global Ferritic Stainless Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ferritic Stainless Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ferritic Stainless Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ferritic Stainless Steel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ferritic Stainless Steel.

This report presents a comprehensive overview, market shares, and growth opportunities of Ferritic Stainless Steel market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Type 409
Type 430
Type 434
Others

Segmentation by Application:
Construction
Automotive
Shipbuilding
Machinery

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Acerinox
Aperam
Thyssen Krupp
Pohang Iron & Steel(Posco)
Ta Chen International
Jindal Stainless
Allegheny Flat Rolled Products
North American Stainless
AK Steel
Outokumpu Europe
Outokumpu USA
Mexinox
Shree Khodal Industrial Engineering Company

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ferritic Stainless Steel market?

What factors are driving Ferritic Stainless Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ferritic Stainless Steel market opportunities vary by end market size?

How does Ferritic Stainless Steel break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.