October 5, 2021 06:00 ET | Source: Market Research Report Market Research Report
Pune, India, October 5, 2021 (Global News Agency)-According to reliable forecasts, the global stainless steel market will reach US$105.67 billion in 2020 and is likely to expand significantly during 2021-2026. This can be attributed to growing energy demand, growing automobile production and booming construction activities.
In addition, the document discusses various market segments and highlights the main sources of income in this industry sector. It also elaborates on the regional scope and level of competition to further ensure the advanced decision-making of investors and entrepreneurs.
Stainless steel is a versatile material with excellent service life, durability and recyclability. Having said that, the focus of leading companies on increasing production capacity and combining sustainable practices with strict regulatory prospects related to environmental protection has also increased the attractiveness of the overall market size.
However, the economic slowdown in various parts of the world may become a constraint on the growth of the global stainless steel market.
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The COVID-19 pandemic has severely affected various industries, including automobiles, manufacturing, construction and construction, and heavy industry. The epidemic has also disrupted the supply chain and negatively affected the production and distribution activities of the steel industry, which may hinder the growth of the global stainless steel market.
Product layout overview
The product spectrum of the global stainless steel market is divided into flat and long segments. Analysts claim that due to the widespread adoption of cold-rolled products, the flat steel sector will occupy the largest market share in 2020 and may show similar growth trends in the next few years.
In addition, it is well known that flat stainless steel has high tolerances, straightness and concentricity, making it an ideal choice for the automotive, construction and household appliances sectors, which in turn drives market share.
On the other hand, it is expected that by 2026, the long products segment will record a strong compound annual growth rate, which is mainly driven by the growing demand from heavy industries.
Regional landscape overview
In terms of its geographic scope, the global stainless steel market is divided into North America, Asia Pacific, Latin America, Europe and the rest of the world.
Among them, the Asia-Pacific region currently occupies the largest market share and is expected to continue to grow in the next few years. Increasing energy demand, rapid industrialization and increasing automobile production are supplementing business dynamics in the Asia-Pacific region.
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Global stainless steel market product spectrum (revenue, billion US dollars, 2016-2026)
Global stainless steel market by grade type (revenue, billion US dollars, 2016-2026)
Global stainless steel market end user analysis (revenue, billion US dollars, 2016-2026)
Global stainless steel market by geographic area (revenue, billion US dollars, 2016-2026)
Global stainless steel market competition scenario (revenue, billion US dollars, 2016-2026)
3. Stainless steel market: product overview
4. Global Stainless Steel Market: Analysis
4.1 Market size, by value, 2016-2026
4.2 2016-2026 market size, divided by volume
4.3 The impact of COVID-19 on the stainless steel market
4.4 Global Stainless Steel Market: Growth and Forecast
5. Global stainless steel market segmentation, by product type (value)
5.1 Global Stainless Steel Market: Market Segmentation Analysis
5.2 Competition Scenarios in the Stainless Steel Market: By Product Type (2020 & 2026)
5.3 By Tablet Product-Market Size and Forecast (2016-2026)
5.4 By Long Products-Market Size and Forecast (2016-2026)
6. Global stainless steel market segmentation, by grade (value)
6.1 Global Stainless Steel Market: Market Segment Analysis
6.2 Global stainless steel market competition scenario: by user level (2020 and 2026)
6.3 By 200 Series-Market Size and Forecast (2016-2026)
6.4 By 300 Series-Market Size and Forecast (2016-2026)
6.5 By 400 Series-Market Size and Forecast (2016-2026)
7. Global stainless steel market segmentation, by end user (value)
7.1 Global Stainless Steel Market: Market Segment Analysis
7.2 Global stainless steel market competition scenario: by end user (2020 and 2026)
7.3 By Automotive-Market Size and Forecast (2016-2026)
7.4 By Construction-Market Size and Forecast (2016-2026)
7.5 By Consumer Goods-Market Size and Forecast (2016-2026)
7.6 Heavy Industry-Market Scale and Forecast (2016-2026)
8. Global stainless steel market: regional analysis
8.1 Global Stainless Steel Market Competition Scenario: By Region (2020 & 2026)
9. American Stainless Steel Market: Analysis (2016-2026)
9.1 American Stainless Steel Market by Value: Scale and Forecast (2016-2026)
9.2 American Stainless Steel Market: Well-known Companies
9.3 Market segmentation by product type (flat, long)
9.4 Market segmentation by level (200 series, 300 series, 400 series, others)
9.5 Market segmentation of end users (automobiles, construction, consumer goods, heavy industry, others)
10. European stainless steel market: analysis (2016-2026)
10.1 European Stainless Steel Market Value: Scale and Forecast (2016-2026)
10.2 European stainless steel market: well-known companies
10.3 Market segmentation by product type (flat, long)
10.4 Market segmentation by level (200 series, 300 series, 400 series, others)
10.5 Market segmentation of end users (automobiles, construction, consumer goods, heavy industry, others)
11. Asia Pacific Stainless Steel Market: Analysis (2016-2026)
11.1 Asia Pacific Stainless Steel Market Value: Scale and Forecast (2016-2026)
11.2 Asia Pacific Stainless Steel Market: Well-known Companies
11.3 Market Segmentation by Product Type (flat, long)
11.4 Market segmentation by level (200 series, 300 series, 400 series, others)
11.5 Market segmentation of end users (automobiles, construction, consumer goods, heavy industry, others)
12. Global stainless steel market dynamics
12.1 Drivers of Global Stainless Steel Market
12.2 Restrictive Factors of Global Stainless Steel Market
12.3 Global Stainless Steel Market Trends
13. Market attractiveness and strategic analysis
13.1 Market Attractiveness Chart of Global Stainless Steel Market-By Product Type (2026)
13.2 Global Stainless Steel Market Attractiveness Chart-By Grade (2026)
13.3 Market Attractiveness Chart of Global Stainless Steel Market-By End User (2026)
13.4 Global Stainless Steel Market Attractiveness Chart-By Region (2026)
14.1 Market Share of Global Leading Companies
14.2 Major global stainless steel producers
14.3 SWOT Analysis-Global Stainless Steel Market
14.4 Porter's Five Forces Analysis-Global Stainless Steel Market
15. Global Stainless Steel Market: M&A
Steel market size, industry analysis report, regional outlook, growth potential, price trend, competitive market share and forecast, 2021-2027
Driven by the rapid development of the automotive and aerospace fields, the global automotive and aerospace application steel market is expected to expand substantially in the next few years. By 2027, the demand for angle steel, section steel and section steel may grow at a compound annual growth rate of 4.5%. By 2027, the value of the brushed part is expected to exceed US$3 billion. Wire drawing is widely used to reinforce tires to enhance their strength and durability. They are also widely used in the production of automotive controls. During the same period, the demand for wire rods is expected to grow at a compound annual growth rate of about 5.5%. Since steel has high strength, ductility, ductility, and corrosion resistance, which are required for various automobile parts, it is widely preferred for wire rods. By 2027, the value of the hot-rolled bar segment will exceed US$27.5 billion. At the same time, the adoption of other bars and bars will grow at a compound annual growth rate of 3%.
Steel castings market size, application growth potential, price trends, competitive landscape and forecasts, 2021 – 2027
Due to the rapid development of industrialization, the increase of construction activities and the development of global infrastructure, as well as the high product utilization rate of sanitary, automotive, electric and electrical, plumbing, accessories and other applications, it is expected that the steel casting market will see commendable growth in the next few years , Valves and industrial machinery, etc. Casting provides unique capabilities for design details, usually without additional manufacturing and assembly. A variety of materials can be cast, including various synthetic materials and metals, but as we all know, steel is the best and most popular. As we all know, both iron and steel are ferrous metals mainly composed of iron atoms. Steel casting refers to the process of using molds to form molten metal to produce steel products. Although iron castings and steel castings may look the same on the surface, both have their own unique mechanical properties that make them unique. Steel has excellent mechanical properties suitable for a wide range of applications.
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