The global stainless steel market size was valued at USD 111.4 billion in 2019 and is assume to witness a CAGR of 6.3% in terms of revenue from 2020 to 2027.

1. Steel Plate Market 2020 by
Manufacturers,
Regions(Europe, Asia Pacific,
North America and South
America), Type and Application,
Forecast to 2025

2. Contents:
1.Introduction
2.Product insights
3.Stainless steel market share insights
4.Report scope

4. Steel Plate Market 2020 by Manufacturers, Regions(Europe,
Asia Pacific, North America and South America), Type and
Application, Forecast to 2025
The global stainless steel marketsize was valued at USD 111.4
billion in 2019 and is assume as the stainless steel is resistant to
corrosion, exhibits high toughness and elasticity, and requires low
maintenance. The aforementioned properties of stainless steel
have resulted in the increased utilization of the product in
consumer products such as cookware, showpieces, and stoves,
which in turn is assume to propel product demand over the
coming years.
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China is one of the leading producers and consumers of stainless steel
products universal owing to the growing end-use industries such as
automotive, construction, and consumer goods. As per the International
Organization of Motor Vehicle Manufacturers, China’s automotive
production reached 2.78 million units and accounted for 29% of the global
automotive production in 2018. The increasing production of automobiles
is assume to drive the market for stainless steel over the coming years.

6. Product Insights
Flat products accounted for the largest volume share in the stainless steel
market in 2019 owing to the increasing use of cold-rolled products. Superior
properties such as straightness, concentricity, and tolerance make them
suitable in end-use industries such as energy, home appliances, and
construction. The growth in these end-use industries is anticipated to drive the
market for stainless steel over the coming years.
Long products segment is projected to witness a CAGR of 6.7% in terms of
revenue from 2020 to 2027 owing to the increasing infrastructure spending in
various Asia Pacific regions. The increasing use of stainless steel long products
in heavy industries is anticipated to augment market growth over the coming
years.

7. Stainless Steel Market Share Insights
Some of the key market players include Acerinox S.A., Aperam Stainless,
ArcelorMittal, Baosteel Group, Jindal Stainless, Nippon Steel
Corporation, Outokumpu, POSCO,ThyssenKrupp Stainless GmbH, and
Yieh United Steel Corp. These companies are investing in capacity
expansion across various countries. For instance, in March 2018,
Acerinox S.A. invested a huge amount in soften and bind lines. As per
the company officials, this is the most advanced technological system in
the global market for stainless steel and is likely to provide new
opportunities to the company, as the line can produce a wide range of
products.

8. Attribute Details
Base year for estimation 2019
Actual estimates/Historical data 2016 - 2018
Forecast period 2020 - 2027
Market representation
Volume in Kilotons, Revenue in USD Million, and
CAGR from 2020 to 2027
Regional scope
North America, Europe, Asia Pacific, Central &
South America, Middle East & Africa
Country scope
U.S., Germany, U.K., France, China, India, Japan,
and Brazil
Report coverage
Revenue forecast, company share, competitive
landscape, growth factors and trends
15% free customization scope (equivalent to 5
analyst working days)
If you need specific information, which is not
currently within the scope of the report, we will
provide it to you as a part of customization
Report Scope
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9. To learn more about this report, request a free sample copy
China is one of the leading producers and consumers of stainless
steel products universal owing to the growing end-use industries such
as automotive, construction, and consumer goods. As per the
International Organization of Motor Vehicle Manufacturers, China’s
automotive production reached 2.78 million units and accounted for
29% of the global automotive production in 2018. The increasing
production of automobiles is assume to drive the market for stainless
steel over the coming years.