Global Stainless-Steel Market 2021-2026 Featuring Profiles of TATA

On Oct 4, 2021

DUBLIN, October 04, 2021–(BUSINESS WIRE)–The “Global Stainless-Steel Market (2021 Edition) – Analysis by Product Type (Flat, Long), Grade – Series (200, 300, 400, Others), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)” report has been added to ResearchAndMarkets.com’s offering.

The global Stainless Steel market was valued at USD 105.67 Billion in the year 2020 with the APAC leading the regional market share. Increasing energy demand, vehicle production, and the rise in construction activities in emerging economies are expected to boost the demand for stainless steel. Meanwhile, the demand is offset by the economic slowdown in developed regions which is anticipated to remain for another few years. Companies in this sector are trying to expand their production technology and trying to make them more sustainable especially in Europe, governments are serious about environmental protection laws. Stainless steel is a versatile material with superior durability, longevity, and recyclability and all these unique properties of stainless steel help it to remain the first preferred metal in most industries.

The outbreak of the COVID-19 has affected the global economy of various sectors, including the building & construction, manufacturing, automotive, and heavy industries in multiple ways. The COVID-19 pandemic has disrupted the supply chain of the steel industry and has negatively influenced the distribution and production activities in the industry. The current COVID-19 pandemic caused a sudden and sharp decline in economic activity and stainless steel consumption globally.

Flat products accounted for the largest volume share in the stainless steel market in 2020 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 automotive, home appliances, and construction. The growth in these end-use industries is anticipated to drive the market for stainless steel over the coming years as a result of which the Flat product segment is expected to hold a dominant share of the stainless steel market in 2026. However, the increasing use of stainless steel long products in heavy industries is anticipated to augment market growth over the coming years.

Scope of the Report:

The report presents the analysis of the Stainless-Steel market for the historical period of 2016-2020 and the forecast period of 2021-2026.
The report analyses the Stainless-Steel Market by Value (USD Billion).
The report analyses the Stainless-Steel Market by Product Type (Flat, Long).
The report analyses the Stainless Steel Market by Grade (200 Series, 300 Series, 400 Series, Others).
The report analyses the Stainless-Steel Market by End User (Automotive Industry, Construction, Consumer Products, Heavy Industry, Others).
The Global Stainless-Steel Market has been analysed By Region (Americas, Europe, Asia Pacific,…