Global Stainless-steel Market Size study, By Grade (200 Series, 300 series, 400 series), by Products (Flat, Long ), By Application (Building & construction, Automotive & transportation, Consumer goods, Heavy Industry, Others ) and Regional Forecasts 2020-2027, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Stainless-steel market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Stainless-steel market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis
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Global Stainless-steel Market is valued approximately at USD 111.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2020-2027.
Stainless steel is an iron alloy with least chromium content of 10.5 per cent. Stainless steel incorporates varying amounts of manganese, iron, silicone and other elements such as nickel and molybdenum to give properties such as increased formability and increased resistance to corrosion.
Properties like low maintenance, ease of manufacture and esthetic appeal have led to an increase in preference for stainless steel over ordinary steel, which is likely to support industrial growth. According to Statista, global production of stainless steel increased to 52.2 million metric tons in 2019 from 30 million metric tons in 2010. The use of stainless steel is supported by the Ministry of Steel of the Government of India, which may be a market opportunity factor for the projected timeframe. In March 2018, Nippon Steel & Sumitomo Metal Corporation (NSSMC) and ArcelorMittal (AM) consented on the basic terms & conditions for the joint acquisition and management of Essar Steel India Limited (ESIL), which is currently in the Indian Insolvency and Bankruptcy Code resolution process, through a joint venture to be formed by NSSMC and AM. The increase in demand for stainless steel in the medical sector may boost market growth during the forecast period. It is widely used in construction of kidney dishes, surgical and dental instruments, in addition to other medical equipment such as steam sterilizers, MRI scanners, and cannulas. Positive application scope in consumer goods such as such as cookware, stoves, and showpieces are also expected to boost the stainless-steel demand. However, increased use of carbon fiber as a substitute for stainless steel in the automotive industry due to its properties, such as high strength and low weight, is approximated to hinder market growth during the forecast time frame.
The regional analysis of global Stainless-steel market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The North American segment is valued to have a significant revenue share in the global stainless-steel market. Increased investment in infrastructure due to an increasing population is anticipated to enhance the construction and automotive industries in the region. The presence of a large number of manufacturers in China, Japan as well as India is anticipated to boost market growth. It is approximated that the availability of raw materials like iron ore and nickel in the region will drive market growth.
Key Segments Studied in the Global Stainless-steel Market
|Professional Key players:
Nippon Steel Corporation
ThyssenKrupp Stainless GmbH
Yieh United Steel Corp.
|Global Stainless-steel Market Size study,
By Grade (200 Series, 300 series, 400 series),
By-Products (Flat, Long ),
By Application (Building & Construction, Automotive & Transportation, Consumer goods, Heavy Industry, Others ) and Regional Forecasts 2020-2027
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
|COVID-19 scenario||Market Behavior/ Level of Risk and Opportunity||End Industry Behavior/ Opportunity Assessment||Expected Industry Recovery Timeline||Business Impact Horizon|
|Opening of Economy by Q3 2020||xx||xx||xx||xx|
|Recovery – Opening of Economy extended till Q4 2020 / Q1 2021||xx||xx||xx||xx|
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
The research includes the key strategic activities such as R&D plans, M&A completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.
Key Market Features in COVID-19 Outbreak:
The report highlights market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.
Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster speed and why?
Q.3 Which regions will grow at a faster speed and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats of market?
Q.6 What are emerging trends in market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market?
Q.11 What M & A activities have taken place in the last five years in this market?
The Study Explore COVID 19 Outbreak Impact Analysis
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Key Points Covered in Stainless-steel Market Report:
Chapter 1 COVID-19 Outbreak-Global Stainless-steel Market Business Overview
Chapter 2 Major Breakdown by Type
Chapter 3 Major Application Wise Breakdown (Revenue & Volume)
Chapter 4 Manufacture Market Breakdown
Chapter 5 Sales & Estimates Market Study
Chapter 6 Key Manufacturers Production and Sales Market Comparison Breakdown
Chapter 8 Manufacturers, Deals and Closings Market Evaluation & Aggressiveness
Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type
Chapter 11 Business / Industry Chain (Value & Supply Chain Analysis)
Chapter 12 Conclusions & Appendix
……..and view more in complete table of Contents
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