Market Overview:
The global stainless steel flat products 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 stainless steel in various end-use industries, such as catering industry, architecture industry, petrifaction industry, mechanical industry, electricity industry and automotive industry. In terms of type, the 300 series segment is expected to dominate the global stainless steel flat products market during the forecast period owing to its high corrosion resistance and durability properties. However, the 200 series segment is projected to grow at a higher CAGR than other segments during the forecast period due to its low cost and wide range of applications in end-use industries. Geographically, Asia Pacific is estimated to be one of fastest growing regions for stainless steel flat products market due with rising demand from countries such as China and India.
Product Definition:
Flat stainless steel products are sheet metal or plates that have been cut to a specific width and thickness. They are used in a variety of applications, including construction, automotive manufacturing, and food service. Stainless steel is important because it is strong and resists corrosion.
300 Series:
300 series is a type of stainless steel flat products which includes grades ranging from 3003 to 3200. 300 series has the highest demand among all the types of stainless steel flat products owing to its characteristics such as high strength, corrosion resistance and easy maintenance. It also offers an advantage over other types in terms of cost-efficiency and weight-saving.
200 Series:
200 series is a type of stainless steel flat products which has carbon content less than 0.8%. 200 series are widely used in food packaging applications owing to their high corrosion resistance property. It also offers good weldability and formability, making it suitable for producing beverage cans, automotive fuel tanks and household appliances among various others.
The global stainless steel flat products market was valued at USD 8,10 million in 2016.
Application Insights:
The architecture industry accounted for the largest share of 33.3% in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 owing to its lightweight properties, which makes it suitable in buildings, bridges and other structures. It also has excellent corrosion resistance properties which make it an ideal material for constructions on damp or wet locations.
In the automotive industry, stainless steel flat products are used as fuel tanks owing to their anti-corrosion characteristics and structural strength; they are also used in air intake manifolds due to their high flow rate capabilities that help draw out impurities from the engine with minimum effort. In addition, these products have superior aesthetic qualities making them suitable for use as decorative components across automobiles or trucks/buses interiors without compromising on safety or quality requirements by regulatory authorities such as Transport Research Laboratory (TRL).
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 increasing construction spending, growing automotive industry, rapid development in India and China. In addition, rising population coupled with increased living standards has led to an increase in consumer spending on household appliances such as refrigerators and washing machines. This is expected to drive demand for stainless steel flat products over the forecast period.
Europe accounted for a significant share of global revenue owing to high product penetration from catering industry segment due to increased consumption of fast food across various countries including Germany, U.K., Italy among others which are major consumers of stainless steel flat products globally (Source: World Steel Association). However, sluggish growth rate observed by this region can be attributed mainly towards stagnant electricity industry after 2013 especially after 2020 when Brexit happens which will affect industrial production output negatively thereby affecting demand for stainless steel flat products (Source: World Bank Group).
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive, and appliances
- Rising disposable income of consumers in developing countries
- Technological advancements that improve the performance and durability of stainless steel flat products
- Growing popularity of stainless steel as a sustainable material with low environmental impact
- Consolidation among suppliers to create a more efficient and competitive market
Scope Of The Report
Report Attributes
Report Details
Report Title
Stainless Steel Flat Products Market Research Report
By Type
300 Series, 200 Series, 400 Series, Other
By Application
Catering Industry, Architecture Industry, Petrifaction Industry, Mechanical Industry, Electricity Industry, Automotive Industry, Other
By Companies
Tsingshan Holding Group, Taiyuan Iron and Steel Group, Beihai Chengde, Outokumpu, Acerinox, POSCO, China Baowu Group, Aperam, Taishan Steel, Nippon Steel Corporation, Tsingshan Holding Group, Ansteel Group, Jindal Stainless, Gansu Jiu Steel Group, Hongwang Investment Group, YUSCO, JFE Steel Corporation, AK Steel, Allegheny, Benxi Steel Group
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Stainless Steel Flat Products Market Report Segments:
The global Stainless Steel Flat Products market is segmented on the basis of:
Types
300 Series, 200 Series, 400 Series, 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
Catering Industry, Architecture Industry, Petrifaction Industry, Mechanical Industry, Electricity Industry, Automotive 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:
- Tsingshan Holding Group
- Taiyuan Iron and Steel Group
- Beihai Chengde
- Outokumpu
- Acerinox
- POSCO
- China Baowu Group
- Aperam
- Taishan Steel
- Nippon Steel Corporation
- Tsingshan Holding Group
- Ansteel Group
- Jindal Stainless
- Gansu Jiu Steel Group
- Hongwang Investment Group
- YUSCO
- JFE Steel Corporation
- AK Steel
- Allegheny
- Benxi Steel Group
Highlights of The Stainless Steel Flat Products 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:
- 300 Series
- 200 Series
- 400 Series
- Other
- By Application:
- Catering Industry
- Architecture Industry
- Petrifaction Industry
- Mechanical Industry
- Electricity Industry
- Automotive 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 Stainless Steel Flat Products 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?
Stainless steel flat products are a type of stainless steel that has been flattened into a thin sheet. This allows it to be more easily processed and used in various applications.
Some of the key players operating in the stainless steel flat products market are Tsingshan Holding Group, Taiyuan Iron and Steel Group, Beihai Chengde, Outokumpu, Acerinox, POSCO, China Baowu Group, Aperam, Taishan Steel, Nippon Steel Corporation, Tsingshan Holding Group, Ansteel Group, Jindal Stainless, Gansu Jiu Steel Group, Hongwang Investment Group, YUSCO, JFE Steel Corporation, AK Steel, Allegheny, Benxi Steel Group.
The stainless steel flat products 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 Stainless Steel Flat Products 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 Stainless Steel Flat Products Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Stainless Steel Flat Products 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 Stainless Steel Flat Products 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 Stainless Steel Flat Products Market Size & Forecast, 2018-2028 4.5.1 Stainless Steel Flat Products Market Size and Y-o-Y Growth 4.5.2 Stainless Steel Flat Products Market Absolute $ Opportunity
Chapter 5 Global Stainless Steel Flat Products 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 Stainless Steel Flat Products Market Size Forecast by Type
5.2.1 300 Series
5.2.2 200 Series
5.2.3 400 Series
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Stainless Steel Flat Products 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 Stainless Steel Flat Products Market Size Forecast by Applications
6.2.1 Catering Industry
6.2.2 Architecture Industry
6.2.3 Petrifaction Industry
6.2.4 Mechanical Industry
6.2.5 Electricity Industry
6.2.6 Automotive Industry
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stainless Steel Flat Products 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 Stainless Steel Flat Products 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 Stainless Steel Flat Products Analysis and Forecast
9.1 Introduction
9.2 North America Stainless Steel Flat Products 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 Stainless Steel Flat Products Market Size Forecast by Type
9.6.1 300 Series
9.6.2 200 Series
9.6.3 400 Series
9.6.4 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 Stainless Steel Flat Products Market Size Forecast by Applications
9.10.1 Catering Industry
9.10.2 Architecture Industry
9.10.3 Petrifaction Industry
9.10.4 Mechanical Industry
9.10.5 Electricity Industry
9.10.6 Automotive 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 Stainless Steel Flat Products Analysis and Forecast
10.1 Introduction
10.2 Europe Stainless Steel Flat Products 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 Stainless Steel Flat Products Market Size Forecast by Type
10.6.1 300 Series
10.6.2 200 Series
10.6.3 400 Series
10.6.4 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 Stainless Steel Flat Products Market Size Forecast by Applications
10.10.1 Catering Industry
10.10.2 Architecture Industry
10.10.3 Petrifaction Industry
10.10.4 Mechanical Industry
10.10.5 Electricity Industry
10.10.6 Automotive 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 Stainless Steel Flat Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Stainless Steel Flat Products 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 Stainless Steel Flat Products Market Size Forecast by Type
11.6.1 300 Series
11.6.2 200 Series
11.6.3 400 Series
11.6.4 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 Stainless Steel Flat Products Market Size Forecast by Applications
11.10.1 Catering Industry
11.10.2 Architecture Industry
11.10.3 Petrifaction Industry
11.10.4 Mechanical Industry
11.10.5 Electricity Industry
11.10.6 Automotive 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 Stainless Steel Flat Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Stainless Steel Flat Products 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 Stainless Steel Flat Products Market Size Forecast by Type
12.6.1 300 Series
12.6.2 200 Series
12.6.3 400 Series
12.6.4 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 Stainless Steel Flat Products Market Size Forecast by Applications
12.10.1 Catering Industry
12.10.2 Architecture Industry
12.10.3 Petrifaction Industry
12.10.4 Mechanical Industry
12.10.5 Electricity Industry
12.10.6 Automotive 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) Stainless Steel Flat Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Stainless Steel Flat Products 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) Stainless Steel Flat Products Market Size Forecast by Type
13.6.1 300 Series
13.6.2 200 Series
13.6.3 400 Series
13.6.4 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) Stainless Steel Flat Products Market Size Forecast by Applications
13.10.1 Catering Industry
13.10.2 Architecture Industry
13.10.3 Petrifaction Industry
13.10.4 Mechanical Industry
13.10.5 Electricity Industry
13.10.6 Automotive 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 Stainless Steel Flat Products Market: Competitive Dashboard
14.2 Global Stainless Steel Flat Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tsingshan Holding Group
14.3.2 Taiyuan Iron and Steel Group
14.3.3 Beihai Chengde
14.3.4 Outokumpu
14.3.5 Acerinox
14.3.6 POSCO
14.3.7 China Baowu Group
14.3.8 Aperam
14.3.9 Taishan Steel
14.3.10 Nippon Steel Corporation
14.3.11 Tsingshan Holding Group
14.3.12 Ansteel Group
14.3.13 Jindal Stainless
14.3.14 Gansu Jiu Steel Group
14.3.15 Hongwang Investment Group
14.3.16 YUSCO
14.3.17 JFE Steel Corporation
14.3.18 AK Steel
14.3.19 Allegheny
14.3.20 Benxi Steel Group