"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Stainless Steel Sheet Market Size, Share & Industry Analysis, By Product Type ( 304 Stainless Steel Sheet, 310 Stainless Steel Sheet, 316 Stainless Steel Sheet, Others ), By Application ( Construction , Manufacturing, Others ) and regional forecast 2022-2029

Region : Global | Report ID: FBI104122 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Stainless steel sheets are used in a variety of industries from making containers for the food industry to surgical equipment for the healthcare industry. The excellent resistance to chloride corrosion makes it a suitable option for marine applications. Low carbon grade is commonly used in watch manufacturing. It is non-combustible and improves protection in the event of lightning strikes or other sources of fire. Besides, it also eliminates internal structural reinforcement requirements, reducing material and labor costs.


Rapid growth in end-use consumption especially from the construction & infrastructure industry has led to the increased demand for stainless steel sheets. This is because stainless steel sheet is extensively used in the construction of bridges, buildings, railways, and highways. Steel sheets are a long-lasting building material that can be used directly in the construction process. Significant growth in the construction sector and the increasing use of environmentally sustainable materials are therefore driving the market growth. However, the availability of alternative materials hampered the growth of the market. For instance, in new building projects, engineered timber and metal composites are becoming more prominent owing to their advanced properties.


Market Segmentation:


Based on type, the stainless steel sheet market for is segmented into 304 Stainless Steel sheets, 310 stainless steel sheets, 2-316 stainless steel sheets,and others. Based on application, the market is further segmented into construction, manufacturing and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Market Driver -

Significant growth of the construction industry is driving the market growth

Key Market Restraint -

Availability of substitutes have restrained the market growth.


Key Players Covered:


The global & regional players operating in the stainless steel sheet market includes POSCO, Aperam, Yieh United Steel Corp., Tsingshan Holding Group Shanghai International Trading Co., Ltd., Nippon Steel, Outokumpu, Acerinox, Beihai Chengde, Libyan Iron and Steel Company, Tata Steel Ltd, Baowu and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the stainless steel sheet Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


In terms of both consumption and output, Asia Pacific dominates the stainless steel sheet market. The rising demand in emerging economies such as China and india is propelling the significant market growth. Moreover, rising urbanization, disposable income, and foreign direct investment in the region is boosting the development of infrastructure, which consumes a significant quantity of stainless steel sheets. The stainless steel sheet industry is expected to see significant growth in North America owing to developments in the resurgent construction industry. High standards of living of the people, has lead to the revival of construction projects. Western Europe dominates the market in the European region on the back of countries such as Germany, UK, Italy, France, and Spain. High commercial activities and strong manufacturing operations in the region aids to the market growth. GCC countries account for a prominent share in the Middle East & Africa region on the back of its high infrastructural development projects.


To gain extensive insights into the market, Request for Customization


Segmentation






















ATTRIBUTES    


DETAILS        

By Product Type




  • 304 Stainless Steel Sheet

  • 310 Stainless Steel Sheet

  • 316 Stainless Steel Sheet

  • Others



By Application




  • Construction

  • Manufacturing

  • Others



By Geography




  • North America (USA, and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



Stainless Steel Sheet Industry Developments


In November 2019, POSCO, a leading steel-making company, based in South Korea, unveiled a luxury brand of steel products, namely INNOVILT. This new launch was intended to help the company in improving the quality of steel products for construction and accelerate its production to reach the global markets.


In December 2019, ArcelorMittal, a Luxembourgish multinational steel manufacturing corporation completed the formation of Essar Steel India Limited. This company is a predominant steel sheet producer. This acquisition would enable the company to improve its market presence.


Stainless Steel Sheet Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

Kpmg
BASF
UBS
uniliver
Samsung

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X