Stainless Steel Market Intelligence

Stainless Steel Market Description

The market for stainless steel is forecasted to increase by 3 percent until 2020. The increase in urbanization and modernization globally are the main reasons for this growth. Moreover, the growth in the automotive industry along with the growing demand for energy and water will likely maintain the demand for stainless steel in near future. The key driver of the stainless steel industry is the increasing demand from downstream industries such as agriculture, processing industry, consumer products, and construction industry. Furthermore, the constraints associated with the industry are the decline of demand from China, the largest consumer of stainless steel and the increased logistics cost, which raises the domestic and landing cost of nation’s exporting steel.
The report includes an analysis of the cost structure in the stainless steel market, wherein the major expense is caused due to raw materials and electricity, which accounts for nearly 65-85 percent of the entire cost. The report further covers the price trend and forecast across different regions such as the U.S., Europe, and Asia. The risk analysis mentioned in the report gives a detailed analysis of the various risks associated with the stainless steel market ranging from fluctuations in supplier pricing, overpaying, etc.Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Regional Market Outlook-APAC, americas, EU
Key Global Supplier Profiles
Cost Structure Analysis
Price Trend and Forecast

Stainless Steel Market Trend, Analysis & Forecast

Category Intelligence on Stainless Steel covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

Global Market Outlook on Stainless Steel

Asia would continue to dominate the market in terms of growth prospects until 2019
Growth in the consumption of chemical/petrochemical & energy, consumer goods & medical, and automotive & heavy transport mainly contributed to increased consumption in APAC
Supply glut and curtailment measures by suppliers would impact the production

stainless-steel-market-size

Stainless Steel Market Overview - Global

The market demand is expected to grow by 3 percent until 2020. Global development in urbanization, modernization, and growth in automotive industry, coupled with growing global demand for energy and water, is expected to support the global stainless steel demand in near future
Global stainless steel production was 48.12 MMT, in 2017, an increase of 5 percent compared to 2016. China accounted for 47 percent of the global stainless steel production in 2016
Global stainless steel consumption was estimated 39.45 MMT, in 2017. The growth in key end-use industries supported the improvement in stainless steel consumption. However economical uncertainty in China prevented a significant increase in the stainless steel consumption during 2017
Stainless steel production is in US estimated to increase by 2-3% and reached 3.28 million metric tons in 2017. Stainless steel mills will increase their output in alignment with improving demand. Stainless steel demand is estimated to increase by 1-2% and reach 3.58 million metric tons in 2017. The steady recovery in the US manufacturing and construction sectors will result in growth in stainless steel demand
Global development in urbanization, modernization and growth in automotive industry coupled with growing global demand for energy and water is expected to support the global stainless steel demand in near future
About 72 percent of the global stainless steel demand during 2017 was from Asia (27.04 MMT). This was driven by robust growth due to solid infrastructure and property sectors
China saw an increase in metal consumption. However the heavy industry showed slower growth compared to the past few years. The Consumer Goods and Medical segment had significant growth during this time, whereas chemical, petrochemical and energy industries were weak
Demand from the EU was valued at 7.3 MMT, in 2017. Low oil prices, and less expensive credit kept the consumption rate flat at this rate.However the demand is set to rise in 2018 due to growth in construction industry
Eastern Europe and Africa showed robust growth rates of 10 percent and 5 percent, respectively. In major Western European countries, consumption in Germany and Italy grew at 2 percent, while consumption levels in France declined
In the Americas, demand was at 3.97 MMT for 2017, driven by higher investments in automotive and manufacturing sector

Consumption by End Use (2017)

Stainless steel is a widely used material that plays a key role in many important areas.
The increased European consumption in 2017 was mainly driven by the higher demand from automotive, heavy transport and consumer goods, and medical segments
The demand growth was slow during 2016 because of the fluctuations in the European economy and the reduced growth rate in the Chinese economy

Mergers and Acquisitions

Stainless steel makers are opting for mergers and acquisitions to gain access to new technologies, to reduce the time to market for the services and to enter new markets in terms of geography and service
The number of mergers and acquisitions (M&As) in the global steel industry rose by 19 percent to 115 deals in 2015 from 97 deals in 2014

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