Global Stainless Steel Sales Market Report 2023

Stainless Steel Market 

Stainless steel contains a maximum of 1.2% carbon, a minimum of 10.5% chromium (standard EN 10088-1) and other alloying elements. The presence of chromium confers on stainless steel its principal quality: its corrosion resistance.

Due to the COVID-19 pandemic, the global Stainless Steel market size is estimated to be worth US$ 130600 million in 2022 and is forecast to a readjusted size of US$ 179590 million by 2029 with a CAGR of 4.6% during the forecast period 2023-2029.

Fully considering the economic change by this health crisis, Ferritic Stainless Steel accounting for % of the Stainless Steel global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029.

While Architecture Industry segment is altered to an % CAGR throughout this forecast period.

As a commodity, the distance from the place of origin to the location of the consumer has become an important aspect of the impact of product differentiation. The further the sale of products, the higher the price of the product. According to market research, The ratio of the unit price of waterway transport, unit price of railway transportation, and the ratio of the unit price of highway transportation is 1:3:8.

The global Stainless Steel market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Stainless Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.