Stainless steel refers to an iron alloy that has a minimum 10.5% of chromium. Chromium produces a skinny layer of oxide on the steel's surface commonly known as the 'passive layer'. This prevents the steel from further corrosion of the surface. Stainless steel also contains different percentages of Silicon, Carbon, and Manganese. Other elements for example Molybdenum and Nickel may be added to the steel that imparts other useful properties such as increased corrosion resistance and enhanced formability.
Regional Insights
The Asia Pacific emerged as a global leader in terms of volume and revenue both due to increasing manufacturing activities along with foreign investments in the region. As per the United Nations Conference on Trade & Development, the inward Foreign Direct Investment (FDI) rate for the Asia Pacific region was around 9.1% in 2017, the highest compared to other regions. An increase in FDI helps the region to develop various industries in the country as well as generate more employment that in turn anticipated to boosts the demand for stainless steel in the region over the coming years.
Some of the prominent players in the stainless steel market include:
- POSCO
- Acerinox S.A.
- Baosteel Group
- Jindal Stainless
- Aperam Stainless
- Nippon Steel Corporation
- Yieh United Steel Corp. (YUSCO)
- ThyssenKrupp Stainless GmbH
- Outokumpu
- ArcelorMittal
Segments Covered in the Report
This research study comprises complete valuation of the market revenue with the help of widespread quantitative and qualitative insights, and prognoses of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This report includes market division and its revenue assessment by categorizing it depending on product, grade, application, and region:
By Product
- Long
- Flat
By Grade
- Duplex Series
- 400 Series
- 300 Series
- 200 Series
- Others
By Application
- Automotive & Transportation
- Building & Construction
- Heavy Industry
- Consumer Goods
- Others
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
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