Market Overview:
The global high temperature ferritic 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 ferritic stainless steel in various applications, such as cement, chemical, furnace technology and others. 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 ferritic stainless steel market in 2017 and is expected to maintain its dominance during the forecast period. By application, cement accounted for a major share of the global high temperature ferritic stainless steel market in 2017 and is projected to grow at a higher CAGR than other applications during the forecast period. Geographically, North America held a dominant position in terms of revenue contribution in 2017 and is projected to maintain its dominance throughout the forecast period.
Product Definition:
High Temperature Ferritic Stainless Steel (HTSS) is a chromium-nickel stainless steel alloy that is designed to resist oxidation and scaling in high-temperature environments. It can be used in applications such as furnace parts, heat exchangers, and piping.
Steel Plate:
Steel plate is a type of steel sheet, which is produced in coils and can be cut to size according to the requirement. It finds major application in the construction industry owing to its high strength and low cost compared to other structural materials such as concrete, iron & steel beams & columns.
The global market for steel plates has witnessed significant growth over the past few years on account of increasing demand from various end-use industries including construction, automotive and consumer goods.
Steel Tube:
Steel tube is a structural component made from steel. It can be circular, square or rectangular in shape and is available in different sizes. The size of the tube depends on the end use application such as pressure vessels, heat transfer fluids, high temperature ferritic stainless steel etc.
The basic raw materials used to manufacture steel tubes include carbon (C), iron (Fe).
Application Insights:
High temperature ferritic stainless steel is used in various applications including cement, chemical, furnace technology and others. In terms of revenue, the cement industry dominated the global market with a share of over 30% in 2017. The growth can be attributed to increasing urbanization leading to an increase in construction activities across developing countries such as China and India. Moreover, rapid industrialization along with infrastructure development drives significant demand for building materials which further propels product consumption.
The chemical segment is expected to witness significant growth over the forecast period owing to growing demand from petrochemical plants across developed countries such as U.S., Canada and Saudi Arabia for use as cladding material or protective lining inside equipment tanks & silos at high temperatures that exceed 300°C (572°F).
Regional Analysis:
Asia Pacific was the largest market for high temperature ferritic stainless steel in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 35% in 2016 owing to increasing demand from various end-use industries, such as chemical, cement and metallurgy. China is projected to remain a key consumer due to rapid industrialization coupled with growing domestic consumption.
Europe was the second-largest regional market accounting for a share of more than 25% in 2016 owing to rising product demand from several end-use industries including food processing, pharmaceuticals and chemicals. Countries such as Germany, France and Russia are anticipated to drive product growth over the next eight years on account of their rapidly expanding manufacturing sector which mainly involves automotive production facilities along with other heavy machinery units.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and energy sectors
- Growing popularity of high temperature ferritic stainless steel in Asia Pacific region
- Rising investments by key players for the development of innovative products
- Proliferation of advanced manufacturing technologies for the production of high temperature ferritic stainless steel products
- Increasing awareness about the benefits offered by these steels among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
High Temperature Ferritic Stainless Steel Market Research Report
By Type
Steel Plate, Steel Tube, Other
By Application
Cement, Chemical, Furnace Technology, Other
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global High Temperature Ferritic Stainless Steel Market Report Segments:
The global High Temperature Ferritic 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
Cement, Chemical, Furnace Technology, 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:
- Outokumpu
- Sandvik Materials
- Nippon Yakin Kogyo
- Nippon Steel
- VDM Metals
- Bao Steel
- Outokumpu
Highlights of The High Temperature Ferritic 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:
- Cement
- Chemical
- Furnace Technology
- 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 High Temperature Ferritic 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?
High Temperature Ferritic Stainless Steel is a type of stainless steel that is designed to resist high temperatures. This type of steel is often used in applications where high temperatures are expected, such as in the automotive industry.
Some of the key players operating in the high temperature ferritic stainless steel market are Outokumpu, Sandvik Materials, Nippon Yakin Kogyo, Nippon Steel, VDM Metals, Bao Steel, Outokumpu.
The high temperature ferritic stainless steel 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 High Temperature Ferritic 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 Ferritic Stainless Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Temperature Ferritic 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 Ferritic 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 Ferritic Stainless Steel Market Size & Forecast, 2018-2028
4.5.1 High Temperature Ferritic Stainless Steel Market Size and Y-o-Y Growth
4.5.2 High Temperature Ferritic Stainless Steel Market Absolute $ Opportunity
Chapter 5 Global High Temperature Ferritic 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 Ferritic 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 Ferritic 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 Ferritic Stainless Steel Market Size Forecast by Applications
6.2.1 Cement
6.2.2 Chemical
6.2.3 Furnace Technology
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Temperature Ferritic 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 Ferritic 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 Ferritic Stainless Steel Analysis and Forecast
9.1 Introduction
9.2 North America High Temperature Ferritic 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 Ferritic 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 Ferritic Stainless Steel Market Size Forecast by Applications
9.10.1 Cement
9.10.2 Chemical
9.10.3 Furnace Technology
9.10.4 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 High Temperature Ferritic Stainless Steel Analysis and Forecast
10.1 Introduction
10.2 Europe High Temperature Ferritic 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 Ferritic 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 Ferritic Stainless Steel Market Size Forecast by Applications
10.10.1 Cement
10.10.2 Chemical
10.10.3 Furnace Technology
10.10.4 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 High Temperature Ferritic Stainless Steel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Temperature Ferritic 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 Ferritic 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 Ferritic Stainless Steel Market Size Forecast by Applications
11.10.1 Cement
11.10.2 Chemical
11.10.3 Furnace Technology
11.10.4 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 High Temperature Ferritic Stainless Steel Analysis and Forecast
12.1 Introduction
12.2 Latin America High Temperature Ferritic 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 Ferritic 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 Ferritic Stainless Steel Market Size Forecast by Applications
12.10.1 Cement
12.10.2 Chemical
12.10.3 Furnace Technology
12.10.4 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) High Temperature Ferritic Stainless Steel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Temperature Ferritic 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 Ferritic 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 Ferritic Stainless Steel Market Size Forecast by Applications
13.10.1 Cement
13.10.2 Chemical
13.10.3 Furnace Technology
13.10.4 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 High Temperature Ferritic Stainless Steel Market: Competitive Dashboard
14.2 Global High Temperature Ferritic 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
