Global Stainless Steel Sheet Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stainless Steel Sheet Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

In metallurgy, stainless steel, also known as inox steel or inox, is a steel alloy, with highest percentage contents of iron, chromium, and nickel, with a minimum of 10.5% chromium content by mass and a maximum of 1.2% carbon by mass. Stainless Steel Sheet is metal formed by an industrial process into thin, flat pieces. Stainless Steel Sheet is one of the fundamental forms used in metalworking and it can be cut and bent into a variety of shapes.

Market Overview:

The latest research study on the global Stainless Steel Sheet market finds that the global Stainless Steel Sheet market reached a value of USD 30607.0 million in 2022. It’s expected that the market will achieve USD 38001.09 million by 2028, exhibiting a CAGR of 3.67% during the forecast period.

Opportunities

Improve performance
With the progress in science and technology, more advanced production methods, investment of companies, there will be more cost-effective, high performance product in the future.
Emerging countries
For example, China, India are developing their industries, with the progress of economy and technology, also due to the increasing demand for Stainless Steel Sheet such as construction industry, mechanical industry, electricity industry, the market of Stainless Steel Sheet has great market potential.

Region Overview:

China dominated the Stainless Steel Sheet market in 2022, with a market share of 32.91%.

Company Overview:

Tsingshan is one of the major players operating in the Stainless Steel Sheet market, holding a share of 10.77% in 2023.

Tsingshan

Tsingshan Holding Group was set up in 1992 and is mainly engaged in foreign investment, manufacturing, sales, warehousing and import& export. The Group mainly produces stainless steel ingots, steel bars, plates, wires and seamless tubes, which are widely applied in petroleum, chemical engineering, machinery, electric power, automobile, shipbuilding, aerospace, food, pharmacy, decoration and other fields.

TISCO

Taiyuan Iron & Steel (Group) Co., Ltd. (TISCO), one of the world’s largest steel producers, has been working on environmental sustainability for many years. The company has pulled off the feat of developing and retaining its stainless steel manufacturing site in the middle of a city. It has zero emissions of industrial waste water, and has improved performance across all environmental standards, while increasing production efficiency.

Segmentation Overview:

Among different product types, 1-2 mm Stainless Steel Sheets segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Mechanical Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Stainless Steel Sheet market covered in Chapter 3:

TISCO
Tsingshan
Outokumpu
BAOSTEEL
LISCO
Aperam
Beihai Chengde
YUSCO
AK
Acerinox
POSCO
NSSMC

In Chapter 4 and Chapter 14.2, on the basis of types, the Stainless Steel Sheet market from 2018 to 2029 is primarily split into:

Less than 1 mm Stainless Steel Sheets
1-2 mm Stainless Steel Sheets
2-3 mm Stainless Steel Sheets
3-4 mm Stainless Steel Sheets
4-5 mm Stainless Steel Sheets

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stainless Steel Sheet market from 2018 to 2029 covers:

Electricity Industry
Architecture Industry
Petrifaction Industry
Food Industry
Mechanical Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)