Market Overview:
The global free cutting stainless steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for stainless steel in various end-use industries, such as automotive, machinery, and household appliances. In terms of type, sulfur stainless steel is expected to lead the global free cutting stainless steel market during the forecast period. This type of stainless steel is mainly used in automotive applications owing to its high strength and corrosion resistance properties. Asia Pacific is expected to be the fastest-growing region in this market during the forecast period.
Product Definition:
A free-cutting stainless steel is a type of stainless steel that is specifically designed to be machined easily. The addition of sulfur or selenium to the alloy makes it easier for the chips to break away from the workpiece, which reduces tool wear and increases machining efficiency. Free-cutting stainless steels are typically used in applications where high production rates are required, such as in automotive manufacturing.
Sulfur Stainless Steel:
Sulfur stainless steel is a type of stainless steel with addition of sulfur to the alloying element. The product has low carbon and manganese content, as a result it's cost is less than regular free cutting stainless steel. It also contains phosphorus, which improves hardenability and strength. Sulfur helps in reducing nickel-based chromium release from the metal during welding, this results in fewer weld spatter and cleaner welds with better appearance.
Lead Stainless Steel:
Lead stainless steel is a type of specialty steel that contains about 15% to 20% of lead and the balance consists of iron and nickel. It has high carbon content which makes it soft, ductile, malleable & softer at room temperature. Due to its low electrical conductivity it is used in food processing equipment where there is frequent washing or cleaning required.
Application Insights:
The market is segmented by application into automobile, machinery, household appliances and others. The automotive application segment accounted for the largest share in 2016 and was valued at USD 1.8 billion owing to its rising demand from passenger cars and commercial vehicles across the globe. Rising fuel prices have led to an increase in demand for fuel-efficient vehicles, which has further propelled the growth of this market over recent years.
Automotive applications include passenger cars as well as commercial trucks & buses that are used on a daily basis by consumers around the world.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Growing industrialization coupled with rapid urbanization has resulted in an increased demand for stainless steel across various applications.
China accounted for a major share of production owing to low labor cost as compared to other countries such as the U.S., U.K., Germany and Japan which are some of the major consumers of free cutting stainless steel products around the world; thus making it one of Asia Pacific’s largest export markets over the past few years (IMF 2016). In addition, increasing foreign investments coupled with favorable government policies are anticipated to boost industry growth in this country during 2018-2030 period; thereby driving demand across various application industries worldwide (Stainless Steel Association Of India 2017).
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing popularity of stainless steel in construction and architecture
- Rising demand for cutlery and kitchenware made of stainless steel
- Increasing use of stainless steel in medical implants and prostheses
- Technological advancements that are making it possible to produce thinner gauges of stainless steel
Scope Of The Report
Report Attributes
Report Details
Report Title
Free Cutting Stainless Steel Market Research Report
By Type
Sulfur Stainless Steel, Lead Stainless Steel, Calcium Stainless Steel, Selenium Stainless Steel, Others
By Application
Automobile, Machinery, Household Appliances, Others
By Companies
Daido Steel, Hitachi Metals, Saarstahl, Akiyama Seiko, Bao Steel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Free Cutting Stainless Steel Market Report Segments:
The global Free Cutting Stainless Steel market is segmented on the basis of:
Types
Sulfur Stainless Steel, Lead Stainless Steel, Calcium Stainless Steel, Selenium Stainless Steel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Machinery, Household Appliances, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daido Steel
- Hitachi Metals
- Saarstahl
- Akiyama Seiko
- Bao Steel
Highlights of The Free Cutting Stainless Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sulfur Stainless Steel
- Lead Stainless Steel
- Calcium Stainless Steel
- Selenium Stainless Steel
- Others
- By Application:
- Automobile
- Machinery
- Household Appliances
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Free Cutting Stainless Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Free cutting stainless steel is a type of stainless steel that has been cut without using any form of heat. This type of stainless steel is often used in applications where high levels of corrosion resistance are required.
Some of the major companies in the free cutting stainless steel market are Daido Steel, Hitachi Metals, Saarstahl, Akiyama Seiko, Bao Steel.
The free cutting stainless steel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Free Cutting Stainless Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Free Cutting Stainless Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Free Cutting Stainless Steel Market - Supply Chain
4.5. Global Free Cutting Stainless Steel Market Forecast
4.5.1. Free Cutting Stainless Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Free Cutting Stainless Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Free Cutting Stainless Steel Market Absolute $ Opportunity
5. Global Free Cutting Stainless Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Free Cutting Stainless Steel Market Size and Volume Forecast by Type
5.3.1. Sulfur Stainless Steel
5.3.2. Lead Stainless Steel
5.3.3. Calcium Stainless Steel
5.3.4. Selenium Stainless Steel
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Free Cutting Stainless Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Free Cutting Stainless Steel Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Machinery
6.3.3. Household Appliances
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Free Cutting Stainless Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Free Cutting Stainless Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Free Cutting Stainless Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Free Cutting Stainless Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Free Cutting Stainless Steel Demand Share Forecast, 2019-2026
9. North America Free Cutting Stainless Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Free Cutting Stainless Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Free Cutting Stainless Steel Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Machinery
9.4.3. Household Appliances
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Free Cutting Stainless Steel Market Size and Volume Forecast by Type
9.7.1. Sulfur Stainless Steel
9.7.2. Lead Stainless Steel
9.7.3. Calcium Stainless Steel
9.7.4. Selenium Stainless Steel
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Free Cutting Stainless Steel Demand Share Forecast, 2019-2026
10. Latin America Free Cutting Stainless Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Free Cutting Stainless Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Free Cutting Stainless Steel Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Machinery
10.4.3. Household Appliances
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Free Cutting Stainless Steel Market Size and Volume Forecast by Type
10.7.1. Sulfur Stainless Steel
10.7.2. Lead Stainless Steel
10.7.3. Calcium Stainless Steel
10.7.4. Selenium Stainless Steel
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Free Cutting Stainless Steel Demand Share Forecast, 2019-2026
11. Europe Free Cutting Stainless Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Free Cutting Stainless Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Free Cutting Stainless Steel Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Machinery
11.4.3. Household Appliances
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Free Cutting Stainless Steel Market Size and Volume Forecast by Type
11.7.1. Sulfur Stainless Steel
11.7.2. Lead Stainless Steel
11.7.3. Calcium Stainless Steel
11.7.4. Selenium Stainless Steel
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Free Cutting Stainless Steel Demand Share, 2019-2026
12. Asia Pacific Free Cutting Stainless Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Free Cutting Stainless Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Free Cutting Stainless Steel Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Machinery
12.4.3. Household Appliances
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Free Cutting Stainless Steel Market Size and Volume Forecast by Type
12.7.1. Sulfur Stainless Steel
12.7.2. Lead Stainless Steel
12.7.3. Calcium Stainless Steel
12.7.4. Selenium Stainless Steel
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Free Cutting Stainless Steel Demand Share, 2019-2026
13. Middle East & Africa Free Cutting Stainless Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Free Cutting Stainless Steel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Free Cutting Stainless Steel Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Machinery
13.4.3. Household Appliances
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Free Cutting Stainless Steel Market Size and Volume Forecast by Type
13.7.1. Sulfur Stainless Steel
13.7.2. Lead Stainless Steel
13.7.3. Calcium Stainless Steel
13.7.4. Selenium Stainless Steel
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Free Cutting Stainless Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Free Cutting Stainless Steel Market: Market Share Analysis
14.2. Free Cutting Stainless Steel Distributors and Customers
14.3. Free Cutting Stainless Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daido Steel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hitachi Metals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Saarstahl
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Akiyama Seiko
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bao Steel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
