Austenitic Stainless-Steel Market – Forecast and Analysis (2024- 2030) – by Type, by Application, by Region

Austenitic Stainless-Steel Market is expected to grow at a CAGR of 6.2% during the forecast period and is expected to reach USD 88.81 Bn by 2030.

Austenitic Stainless-Steel Market overview:

The global market for Austenitic stainless steel is growing owing to rising consumer demand for stainless steel. It provides resistance to corrosion, requires low maintenance, high ductility and toughness. Besides, other properties such as formability and high surface quality are driving the growth of the austenitic stainless steel market. It is the most famous grade of stainless steel that consists of 2%-20% nickel and 16%-30% chromium. Increasing applications such as in cookware, automotive trims and food and beverages industries has produced various lucrative opportunities for the austenitic stainless-steel market.

Austenitic Stainless-Steel Market Dynamics.

Expansion and increasing investment in R & D in automotive sector especially in developing countries is driving the growth of the austenitic stainless steel market. Rising inclinations towards electric vehicle to control the air pollutions, various government efforts and initiatives especially in developing economies has made positive impact on the market. Besides, massive investment in automotive industry and encouraging direct investment from foreign direct investment is driving the growth of the austenitic stainless-steel market. However, manufacturing sector has been affected badly as non-essential types suppliers have shut down their manufacturing facilities in accordance with government standards, which can delay demand growth. Manufacturers are more focusing on light weight, built strong safety features as well enhance fuel efficiency is driving the growth of the market. Increasing inclinations towards comfortability, efficient and reliable vehicles has led many automotive manufacturers focus on R & D. This has led to growing demand for the austenitic stainless steel for automotive components. Besides, increasing the usages of carbon fibers with austenitic stainless steel to reduce the cost of the vehicles and built a strong safety chassis of vehicle increasing the demand for austenitic stainless-steel market. Manufacturers are making light weight and robust vehicles that has made a positive impact on the austenitic stainless market.Austenitic Stainless-Steel MarketTo know about the Research Methodology :- Request Free Sample Report

Austenitic Stainless-Steel Market Regional Analysis

The regional analysis of the Global Austenitic Stainless-Steel market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Currently, Asia Pacific is dominating the Austenitic Stainless-Steel market. The outlook for the global economy is slowly recovering thanks to the improving automotive manufacturing industries which is driving the growth of the market in this region. Besides, increased public sector investment in these countries in the defence, infrastructure, and aerospace sectors has made a positive impact on the market. Expansion of automobile industry and increasing foreign investment in this sector is driving the growth of the market. Several automotive giants, such as Ford, Bombardier, and General Motors, are expected to increase the market for austenitic stainless steel in the North American region. Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new Type launches and patents to increase their regional presence and business operations. The objective of the report is to present a comprehensive analysis of the Global Austenitic Stainless Steel Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Austenitic Stainless Steel Market dynamics, structure by analyzing the market segments and project Global Austenitic Stainless Steel Market Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global Austenitic Stainless Steel Market make the report investor’s guide.

Austenitic Stainless-Steel Market Scope: Inquire before buying

Global Austenitic Stainless-Steel Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 58.29 Bn.
Forecast Period 2024 to 2030 CAGR: 6.2% Market Size in 2030: USD 88.81 Bn.
Segments Covered: by Type Type 316 & Type 304 Type 309 & Type 310 Other
by Application Power Generation Consumer Goods Oil & Gas Construction Automobile Others

Austenitic Stainless Steel Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Austenitic Stainless Steel Market, Key Players are

1.AK Steel Corporation 2.Baosteel Group Corporation 3.Nippon Steel & Sumikin Stainless Steel Corporation 4.Hesteel Group Company Limited 5.ArcelorMittal S.A. 6.POSCO 7.Jiangsu Shagang Group 8.Anshan Iron and Steel Group Corporation 9.Tata Steel Ltd 10.JFE Holdings, Inc Frequently Asked Questions: 1. Which region has the largest share in Global Austenitic Stainless Steel Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Austenitic Stainless Steel Market? Ans: The Global Austenitic Stainless Steel Market is growing at a CAGR of 6.2% during forecasting period 2024-2030. 3. What is scope of the Global Austenitic Stainless Steel market report? Ans: Global Austenitic Stainless Steel Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Austenitic Stainless Steel market? Ans: The important key players in the Global Austenitic Stainless Steel Market are – AK Steel Corporation, Baosteel Group Corporation, Nippon Steel & Sumikin Stainless Steel Corporation, Hesteel Group Company Limited, ArcelorMittal S.A., POSCO, Jiangsu Shagang Group, Anshan Iron and Steel Group Corporation, Tata Steel Ltd, JFE Holdings, and Inc. 5. What is the study period of this market? Ans: The Global Austenitic Stainless Steel Market is studied from 2023 to 2030.
1. Austenitic Stainless-Steel Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Austenitic Stainless-Steel Market: Dynamics 2.1. Austenitic Stainless-Steel Market Trends by Region 2.1.1. North America Austenitic Stainless-Steel Market Trends 2.1.2. Europe Austenitic Stainless-Steel Market Trends 2.1.3. Asia Pacific Austenitic Stainless-Steel Market Trends 2.1.4. Middle East and Africa Austenitic Stainless-Steel Market Trends 2.1.5. South America Austenitic Stainless-Steel Market Trends 2.2. Austenitic Stainless-Steel Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Austenitic Stainless-Steel Market Drivers 2.2.1.2. North America Austenitic Stainless-Steel Market Restraints 2.2.1.3. North America Austenitic Stainless-Steel Market Opportunities 2.2.1.4. North America Austenitic Stainless-Steel Market Challenges 2.2.2. Europe 2.2.2.1. Europe Austenitic Stainless-Steel Market Drivers 2.2.2.2. Europe Austenitic Stainless-Steel Market Restraints 2.2.2.3. Europe Austenitic Stainless-Steel Market Opportunities 2.2.2.4. Europe Austenitic Stainless-Steel Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Austenitic Stainless-Steel Market Drivers 2.2.3.2. Asia Pacific Austenitic Stainless-Steel Market Restraints 2.2.3.3. Asia Pacific Austenitic Stainless-Steel Market Opportunities 2.2.3.4. Asia Pacific Austenitic Stainless-Steel Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Austenitic Stainless-Steel Market Drivers 2.2.4.2. Middle East and Africa Austenitic Stainless-Steel Market Restraints 2.2.4.3. Middle East and Africa Austenitic Stainless-Steel Market Opportunities 2.2.4.4. Middle East and Africa Austenitic Stainless-Steel Market Challenges 2.2.5. South America 2.2.5.1. South America Austenitic Stainless-Steel Market Drivers 2.2.5.2. South America Austenitic Stainless-Steel Market Restraints 2.2.5.3. South America Austenitic Stainless-Steel Market Opportunities 2.2.5.4. South America Austenitic Stainless-Steel Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Austenitic Stainless-Steel Industry 2.8. Analysis of Government Schemes and Initiatives For Austenitic Stainless-Steel Industry 2.9. Austenitic Stainless-Steel Market Trade Analysis 2.10. The Global Pandemic Impact on Austenitic Stainless-Steel Market 3. Austenitic Stainless-Steel Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 3.1.1. Type 316 & Type 304 3.1.2. Type 309 & Type 310 3.1.3. Other 3.2. Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 3.2.1. Power Generation 3.2.2. Consumer Goods 3.2.3. Oil & Gas 3.2.4. Construction 3.2.5. Automobile 3.2.6. Others 3.3. Austenitic Stainless-Steel Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Austenitic Stainless-Steel Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 4.1.1. Type 316 & Type 304 4.1.2. Type 309 & Type 310 4.1.3. Other 4.2. North America Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 4.2.1. Power Generation 4.2.2. Consumer Goods 4.2.3. Oil & Gas 4.2.4. Construction 4.2.5. Automobile 4.2.6. Others 4.3. North America Austenitic Stainless-Steel Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 4.3.1.1.1. Type 316 & Type 304 4.3.1.1.2. Type 309 & Type 310 4.3.1.1.3. Other 4.3.1.2. United States Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 4.3.1.2.1. Power Generation 4.3.1.2.2. Consumer Goods 4.3.1.2.3. Oil & Gas 4.3.1.2.4. Construction 4.3.1.2.5. Automobile 4.3.1.2.6. Others 4.3.2. Canada 4.3.2.1. Canada Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 4.3.2.1.1. Type 316 & Type 304 4.3.2.1.2. Type 309 & Type 310 4.3.2.1.3. Other 4.3.2.2. Canada Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 4.3.2.2.1. Power Generation 4.3.2.2.2. Consumer Goods 4.3.2.2.3. Oil & Gas 4.3.2.2.4. Construction 4.3.2.2.5. Automobile 4.3.2.2.6. Others 4.3.3. Mexico 4.3.3.1. Mexico Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 4.3.3.1.1. Type 316 & Type 304 4.3.3.1.2. Type 309 & Type 310 4.3.3.1.3. Other 4.3.3.2. Mexico Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 4.3.3.2.1. Power Generation 4.3.3.2.2. Consumer Goods 4.3.3.2.3. Oil & Gas 4.3.3.2.4. Construction 4.3.3.2.5. Automobile 4.3.3.2.6. Others 5. Europe Austenitic Stainless-Steel Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 5.2. Europe Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 5.3. Europe Austenitic Stainless-Steel Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 5.3.1.2. United Kingdom Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 5.3.2. France 5.3.2.1. France Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 5.3.2.2. France Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 5.3.3.2. Germany Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 5.3.4.2. Italy Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 5.3.5.2. Spain Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 5.3.6.2. Sweden Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 5.3.7.2. Austria Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 5.3.8.2. Rest of Europe Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6. Asia Pacific Austenitic Stainless-Steel Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Austenitic Stainless-Steel Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.1.2. China Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.2.2. S Korea Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Japan Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3.4. India 6.3.4.1. India Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.4.2. India Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Australia Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Indonesia Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Malaysia Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Vietnam Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.9.2. Taiwan Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 6.3.10.2. Rest of Asia Pacific Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 7. Middle East and Africa Austenitic Stainless-Steel Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Austenitic Stainless-Steel Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 7.3.1.2. South Africa Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 7.3.2.2. GCC Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 7.3.3.2. Nigeria Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 7.3.4.2. Rest of ME&A Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 8. South America Austenitic Stainless-Steel Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 8.2. South America Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 8.3. South America Austenitic Stainless-Steel Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 8.3.1.2. Brazil Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 8.3.2.2. Argentina Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Austenitic Stainless-Steel Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest Of South America Austenitic Stainless-Steel Market Size and Forecast, by Application (2023-2030) 9. Global Austenitic Stainless-Steel Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Company Locations 9.4. Leading Austenitic Stainless-Steel Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. AK Steel Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Baosteel Group Corporation 10.3. Nippon Steel & Sumikin Stainless Steel Corporation 10.4. Hesteel Group Company Limited 10.5. ArcelorMittal S.A. 10.6. POSCO 10.7. Jiangsu Shagang Group 10.8. Anshan Iron and Steel Group Corporation 10.9. Tata Steel Ltd 10.10. JFE Holdings, Inc 11. Key Findings 12. Industry Recommendations 13. Austenitic Stainless-Steel Market: Research Methodology 14. Terms and Glossary
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