Market Overview:
The global austenitic stainless steel plate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for austenitic stainless steel plates in various end-use industries, such as chemical, petrochemical & energy, automotive & heavy transport, infrastructure, industrial & heavy industry and other sectors. In terms of type, grade 301 is expected to lead the global market during the forecast period due to its properties such as high corrosion resistance and good formability. In terms of application, consumer goods & medicals sector is projected to witness highest growth rate during the forecast period owing to increase in demand for austenitic stainless steel plates from this sector across different regions.
Product Definition:
Austenitic stainless steel is a type of steel that has been designed to resist rust and corrosion. It contains chromium and nickel in its alloy, which helps to protect it from the elements. Austenitic stainless steel plate is a flat piece of metal that has been coated with this alloy. It is often used for construction projects, as well as in the manufacturing of appliances and other machinery.
Grade 301:
Grade 301 is a type of austenitic stainless steel, which has carbon content below the required amount for ferritic stainless. Grade301 has about 15% less carbon than standard ferritic and martensitic types. It also contains about 1% more nickel and 0.5% more iron than standard ferritic types making it stronger in mechanical properties such as strength, stiffness, yield stress etc., but weaker in corrosion resistance compared to ferritic type.
Grade 302:
Grade 302 is a type of stainless steel with carbon content below 22%. It has less chromium than other types and is used for food contact applications. The grade finds application in cutlery, cookware, household appliances, laboratory equipment and chemical processing equipment among others.
The global Austenitic stainless steel plate market size was valued at USD 2.83 billion in 2016.
Application Insights:
The consumer goods & medical segment led the global market in 2017. Austenitic stainless steel plates are widely used in consumer goods and medical applications owing to their high biocompatibility, low allergy risk, high resistance towards corrosion and excellent durability. The rising demand for health supplements coupled with a healthy lifestyle is expected to drive the product demand over the forecast period.
Chemical was the second-largest application segment of the global market in 2017. These products are widely used for manufacturing equipment that involves exposure to hazardous chemicals or environments due to theiroxidizing potential number (OP) which is higher than that of standard carbon steel or alloyed steels. They also have better mechanical properties such as strength, hardness, ductility and anti-corrosion capabilities which makes them an ideal material for chemical processing industries across various end uses including catalyst manufacturing units and towers along with process piping systems & vessels made from AISI 301/302/303 grades respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from industries including construction, automotive, consumer goods, and heavy machinery. China is a major manufacturing hub for various products made using stainless steel plate such as cooking ware and kitchen appliances, automobiles (automobile parts), industrial equipment (air conditioners), etc.
The chemical industry in Europe has witnessed significant growth due to which there has been an increase in product consumption across numerous sectors such as petrochemical & energy; oil & gas; pharmaceuticals; food processing & packaging; etc. Moreover, increasing R&D activities by various companies coupled with technological advancements are also likely to have a positive impact on the overall market growth over the coming years.
North America accounted for more than 20% of global revenue share in 2017 owing to high demand from end-use industries such as construction.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and engineering sectors
- Rising popularity of austenitic stainless steel plate in the form of flat sheets and coils for various applications
- Growing investments by key players in manufacturing facilities to cater to the increasing demand
- Technological advancements that have led to the development of new grades of stainless steel plate with enhanced properties
- Emergence of China as a leading producer and exporter of austenitic stainless steel plate
Scope Of The Report
Report Attributes
Report Details
Report Title
Austenitic Stainless Steel Plate Market Research Report
By Type
Grade 301, Grade 302, Grade 303, Grade 304, Grade 309, Grade 316, Grade 321, Other
By Application
Consumer goods & Medicals, Chemical, Petrochemical & Energy, Automotive & Heavy Transport, Infrastructure, Industrial & Heavy Industry, Other
By Companies
Tisco, Outokumpu, Posco, BAOSTEEL, Yusco, Acerinox, Jindal, Aperam, LISCO, AK Steel, Tisco, JFE, JISCO
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Austenitic Stainless Steel Plate Market Report Segments:
The global Austenitic Stainless Steel Plate market is segmented on the basis of:
Types
Grade 301, Grade 302, Grade 303, Grade 304, Grade 309, Grade 316, Grade 321, Other
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
Consumer goods & Medicals, Chemical, Petrochemical & Energy, Automotive & Heavy Transport, Infrastructure, Industrial & Heavy Industry, Other
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:
- Tisco
- Outokumpu
- Posco
- BAOSTEEL
- Yusco
- Acerinox
- Jindal
- Aperam
- LISCO
- AK Steel
- Tisco
- JFE
- JISCO
Highlights of The Austenitic Stainless Steel Plate 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:
- Grade 301
- Grade 302
- Grade 303
- Grade 304
- Grade 309
- Grade 316
- Grade 321
- Other
- By Application:
- Consumer goods & Medicals
- Chemical, Petrochemical & Energy
- Automotive & Heavy Transport
- Infrastructure
- Industrial & Heavy Industry
- Other
- 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 Austenitic Stainless Steel Plate 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Austenitic stainless steel is a type of stainless steel that has been specially treated to make it more resistant to corrosion. Austenitic stainless steel is also known as 302 or 18-8 grade stainless steel.
Some of the major companies in the austenitic stainless steel plate market are Tisco, Outokumpu, Posco, BAOSTEEL, Yusco, Acerinox, Jindal, Aperam, LISCO, AK Steel, Tisco, JFE, JISCO.
The austenitic stainless steel plate market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Austenitic Stainless Steel Plate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Austenitic Stainless Steel Plate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Austenitic Stainless Steel Plate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Austenitic Stainless Steel Plate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Austenitic Stainless Steel Plate Market Size & Forecast, 2018-2028
4.5.1 Austenitic Stainless Steel Plate Market Size and Y-o-Y Growth
4.5.2 Austenitic Stainless Steel Plate Market Absolute $ Opportunity
Chapter 5 Global Austenitic Stainless Steel Plate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Austenitic Stainless Steel Plate Market Size Forecast by Type
5.2.1 Grade 301
5.2.2 Grade 302
5.2.3 Grade 303
5.2.4 Grade 304
5.2.5 Grade 309
5.2.6 Grade 316
5.2.7 Grade 321
5.2.8 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Austenitic Stainless Steel Plate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Austenitic Stainless Steel Plate Market Size Forecast by Applications
6.2.1 Consumer goods & Medicals
6.2.2 Chemical
6.2.3 Petrochemical & Energy
6.2.4 Automotive & Heavy Transport
6.2.5 Infrastructure
6.2.6 Industrial & Heavy Industry
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Austenitic Stainless Steel Plate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Austenitic Stainless Steel Plate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Austenitic Stainless Steel Plate Analysis and Forecast
9.1 Introduction
9.2 North America Austenitic Stainless Steel Plate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Austenitic Stainless Steel Plate Market Size Forecast by Type
9.6.1 Grade 301
9.6.2 Grade 302
9.6.3 Grade 303
9.6.4 Grade 304
9.6.5 Grade 309
9.6.6 Grade 316
9.6.7 Grade 321
9.6.8 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Austenitic Stainless Steel Plate Market Size Forecast by Applications
9.10.1 Consumer goods & Medicals
9.10.2 Chemical
9.10.3 Petrochemical & Energy
9.10.4 Automotive & Heavy Transport
9.10.5 Infrastructure
9.10.6 Industrial & Heavy Industry
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Austenitic Stainless Steel Plate Analysis and Forecast
10.1 Introduction
10.2 Europe Austenitic Stainless Steel Plate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Austenitic Stainless Steel Plate Market Size Forecast by Type
10.6.1 Grade 301
10.6.2 Grade 302
10.6.3 Grade 303
10.6.4 Grade 304
10.6.5 Grade 309
10.6.6 Grade 316
10.6.7 Grade 321
10.6.8 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Austenitic Stainless Steel Plate Market Size Forecast by Applications
10.10.1 Consumer goods & Medicals
10.10.2 Chemical
10.10.3 Petrochemical & Energy
10.10.4 Automotive & Heavy Transport
10.10.5 Infrastructure
10.10.6 Industrial & Heavy Industry
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Austenitic Stainless Steel Plate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Austenitic Stainless Steel Plate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Austenitic Stainless Steel Plate Market Size Forecast by Type
11.6.1 Grade 301
11.6.2 Grade 302
11.6.3 Grade 303
11.6.4 Grade 304
11.6.5 Grade 309
11.6.6 Grade 316
11.6.7 Grade 321
11.6.8 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Austenitic Stainless Steel Plate Market Size Forecast by Applications
11.10.1 Consumer goods & Medicals
11.10.2 Chemical
11.10.3 Petrochemical & Energy
11.10.4 Automotive & Heavy Transport
11.10.5 Infrastructure
11.10.6 Industrial & Heavy Industry
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Austenitic Stainless Steel Plate Analysis and Forecast
12.1 Introduction
12.2 Latin America Austenitic Stainless Steel Plate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Austenitic Stainless Steel Plate Market Size Forecast by Type
12.6.1 Grade 301
12.6.2 Grade 302
12.6.3 Grade 303
12.6.4 Grade 304
12.6.5 Grade 309
12.6.6 Grade 316
12.6.7 Grade 321
12.6.8 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Austenitic Stainless Steel Plate Market Size Forecast by Applications
12.10.1 Consumer goods & Medicals
12.10.2 Chemical
12.10.3 Petrochemical & Energy
12.10.4 Automotive & Heavy Transport
12.10.5 Infrastructure
12.10.6 Industrial & Heavy Industry
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Austenitic Stainless Steel Plate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Austenitic Stainless Steel Plate Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Austenitic Stainless Steel Plate Market Size Forecast by Type
13.6.1 Grade 301
13.6.2 Grade 302
13.6.3 Grade 303
13.6.4 Grade 304
13.6.5 Grade 309
13.6.6 Grade 316
13.6.7 Grade 321
13.6.8 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Austenitic Stainless Steel Plate Market Size Forecast by Applications
13.10.1 Consumer goods & Medicals
13.10.2 Chemical
13.10.3 Petrochemical & Energy
13.10.4 Automotive & Heavy Transport
13.10.5 Infrastructure
13.10.6 Industrial & Heavy Industry
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Austenitic Stainless Steel Plate Market: Competitive Dashboard
14.2 Global Austenitic Stainless Steel Plate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tisco
14.3.2 Outokumpu
14.3.3 Posco
14.3.4 BAOSTEEL
14.3.5 Yusco
14.3.6 Acerinox
14.3.7 Jindal
14.3.8 Aperam
14.3.9 LISCO
14.3.10 AK Steel
14.3.11 Tisco
14.3.12 JFE
14.3.13 JISCO
