Market Overview:
The global high temperature austenitic stainless steel 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 high temperature austenitic stainless steel in various end-use industries, such as metallurgical, engineering, and energy conversion plants. In terms of type, the market is segmented into steel plate, steel tube, and other types. Steel plate held a major share of the global high temperature austenitic stainless steel market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to its properties such as resistance against corrosion and abrasion along with good weldability. By application, the market is segmented into metallurgical industry (steelmaking), engineering industry (piping systems), and energy conversion plants (power generation). The metallurgical industry accounted for a major share of the global high temperature austenitic stainless steel market in 2017 and is projected to grow at a higher CAGR during the forecast period owing to rising demand for Stainless Steel from various end-use industries across regions.
Product Definition:
Austenitic stainless steels are a family of alloys that contain chromium and nickel (and sometimes manganese) as the main alloying elements. They are non-magnetic, have excellent toughness and ductility, and are generally used in applications where high strength at elevated temperatures is required.
Steel Plate:
Steel plate is a structural component in building & construction industry. It can be defined as a thin piece of metal, which is used to provide support to various structures and components. The steel plates are available in different shapes and sizes depending upon the application requirements. They are manufactured using various alloys such as carbon, low alloy, high strength corrosion resistant etc., based on their properties and applications.
Steel Tube:
Steel tube is a structural component made from high carbon chromium, nickel and iron. It finds application in the construction of pressure vessels such as boilers, reactors and storage tanks. The material is used in various grades depending on the end use applications including ferritic, austenitic or martensitic stainless steel.
The global high temperature austenitic stainless steel market size was valued at USD 5.5 billion in 2016.
Application Insights:
The energy conversion plants application segment accounted for the largest revenue share of over 30% in 2017. The segment is expected to witness significant growth on account of increasing demand for power generation from fossil fuels such as coal and gas among others. In addition, high strength steel is used in the manufacturing of boilers, turbines and other components required in power plants.
Engineering applications include structural components such as beams, columns, roof trusses and girders that are used in buildings or bridges among others. Increasing infrastructure activities across various countries including India, China Japan & Korea are expected to augment product consumption over the forecast period thereby driving the market growth during 2018-2030 period.
High temperature austenitic stainless steel can be easily fabricated into complex shapes required by metallurgical processes owing to its characteristics including ease of welding.
Regional Analysis:
Asia Pacific dominated the global high temperature austenitic stainless steel market in terms of both volume and revenue. The region accounted for a share of more than 45% in 2017. This is attributed to increasing demand from countries such as China, India, Japan, and South Korea. In addition, rising population coupled with growing consumerism has resulted in increased domestic consumption which is further driving the regional growth.
The presence of large automotive manufacturers including Toyota Motor Corporation; Honda Motor Co., Ltd.; Hyundai Motor Company; Nissan Motors Ltd.; Volkswagen Group; BMW AG; Mercedes-Benz AG Daimler AG are based out of Japan has led to an increase in product demand from Asia Pacific region over the past few years. These companies have been investing aggressively across all major regions to expand their business footprint and meet rising customer demands across different industries such as automotive & transportation, energy conversion plants etc.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and construction
- Growing popularity of high temperature austenitic stainless steel in the Asia Pacific region
- Rising investments by key players in research and development activities to develop new products
- Proliferation of advanced manufacturing technologies that help reduce production costs
- increasing awareness about the benefits of using high temperature austenitic stainless steel among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
High Temperature Austenitic Stainless Steel Market Research Report
By Type
Steel Plate, Steel Tube, Other
By Application
Metallurgical, Engineering, Energy Conversion Plants
By Companies
Outokumpu, Sandvik Materials, Nippon Yakin Kogyo, Nippon Steel, VDM Metals, Bao Steel, Outokumpu
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global High Temperature Austenitic Stainless Steel Market Report Segments:
The global High Temperature Austenitic Stainless Steel market is segmented on the basis of:
Types
Steel Plate, Steel Tube, 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
Metallurgical, Engineering, Energy Conversion Plants
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:
- Outokumpu
- Sandvik Materials
- Nippon Yakin Kogyo
- Nippon Steel
- VDM Metals
- Bao Steel
- Outokumpu
Highlights of The High Temperature Austenitic 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:
- Steel Plate
- Steel Tube
- Other
- By Application:
- Metallurgical
- Engineering
- Energy Conversion Plants
- 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 High Temperature Austenitic 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?
Austenitic stainless steel is a type of stainless steel that has been heat treated to increase its strength and resistance to corrosion. Austenitic stainless steel is also known as 302, 303, 304, or 18-8 grade Stainless Steel.
Some of the major players in the high temperature austenitic stainless steel market are Outokumpu, Sandvik Materials, Nippon Yakin Kogyo, Nippon Steel, VDM Metals, Bao Steel, Outokumpu.
The high temperature austenitic stainless steel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel Market Size & Forecast, 2018-2028
4.5.1 High Temperature Austenitic Stainless Steel Market Size and Y-o-Y Growth
4.5.2 High Temperature Austenitic Stainless Steel Market Absolute $ Opportunity
Chapter 5 Global High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Type
5.2.1 Steel Plate
5.2.2 Steel Tube
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Applications
6.2.1 Metallurgical
6.2.2 Engineering
6.2.3 Energy Conversion Plants
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel Analysis and Forecast
9.1 Introduction
9.2 North America High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Type
9.6.1 Steel Plate
9.6.2 Steel Tube
9.6.3 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Applications
9.10.1 Metallurgical
9.10.2 Engineering
9.10.3 Energy Conversion Plants
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 High Temperature Austenitic Stainless Steel Analysis and Forecast
10.1 Introduction
10.2 Europe High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Type
10.6.1 Steel Plate
10.6.2 Steel Tube
10.6.3 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Applications
10.10.1 Metallurgical
10.10.2 Engineering
10.10.3 Energy Conversion Plants
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 High Temperature Austenitic Stainless Steel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Type
11.6.1 Steel Plate
11.6.2 Steel Tube
11.6.3 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Applications
11.10.1 Metallurgical
11.10.2 Engineering
11.10.3 Energy Conversion Plants
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 High Temperature Austenitic Stainless Steel Analysis and Forecast
12.1 Introduction
12.2 Latin America High Temperature Austenitic Stainless Steel 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Type
12.6.1 Steel Plate
12.6.2 Steel Tube
12.6.3 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 High Temperature Austenitic Stainless Steel Market Size Forecast by Applications
12.10.1 Metallurgical
12.10.2 Engineering
12.10.3 Energy Conversion Plants
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) High Temperature Austenitic Stainless Steel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Temperature Austenitic Stainless Steel 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) High Temperature Austenitic Stainless Steel Market Size Forecast by Type
13.6.1 Steel Plate
13.6.2 Steel Tube
13.6.3 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) High Temperature Austenitic Stainless Steel Market Size Forecast by Applications
13.10.1 Metallurgical
13.10.2 Engineering
13.10.3 Energy Conversion Plants
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 High Temperature Austenitic Stainless Steel Market: Competitive Dashboard
14.2 Global High Temperature Austenitic Stainless Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Outokumpu
14.3.2 Sandvik Materials
14.3.3 Nippon Yakin Kogyo
14.3.4 Nippon Steel
14.3.5 VDM Metals
14.3.6 Bao Steel
14.3.7 Outokumpu
