The Asia Pacific stainless steel market size was valued at USD 100.23 Billion in 2025. The market is further projected to grow at a CAGR of 5.10% between 2026 and 2035, reaching a value of USD 164.83 Billion by 2035.
Base Year
Historical Period
Forecast Period
As per industry reports, in 2022, the stainless-steel production in Southeast Asia was approximately 4.81 million tons, with Indonesia being a significant producer in the region.
China holds the highest Asia Pacific stainless-steel market share, accounting for 56.3% of the total stainless-steel production.
Asia Pacific region emerged as a global leader in terms of volume and revenue in the stainless-steel market due to increasing manufacturing activities and foreign direct investment (FDI) rates.
Southeast Asian countries, including Vietnam, Indonesia, Thailand, and Malaysia, are primary consumption areas for stainless steel in the region, with a growing demand for stainless steel products in various sectors like consumer goods, automotive, and construction.
Compound Annual Growth Rate
5.1%
Value in USD Billion
2026-2035
*this image is indicative*
One of the primary trends in the stainless-steel market in Asia Pacific is the increasing demand for stainless steel in various end-use industries, such as building and construction, automotive and transportation, consumer goods, mechanical engineering, and heavy industries. The rising demand for stainless steel in these industries is due to its excellent corrosion resistance, durability, and low maintenance, making it an ideal material for various applications.
For instance, in the building and construction industry, stainless steel is widely used in architectural cladding, roofing, handrails, and door and window fittings. In the automotive and transportation industry, stainless steel is used in the production of exhaust systems, heat exchangers, and structural components. The consumer goods industry also uses stainless steel in the production of kitchen appliances, cookware, and cutlery.
Moreover, the increasing focus on sustainable development and environmental protection is also driving the demand for stainless steel. Stainless steel is a highly recyclable material, and its production process has a lower carbon footprint compared to other metals. This makes it an attractive option for manufacturers looking to reduce their environmental impact.
Additionally, the advancements in technology and the development of new stainless-steel grades with improved properties are also contributing to the Asia Pacific stainless-steel market growth. For instance, the development of duplex and super duplex stainless-steel grades with higher strength and corrosion resistance is expanding their applications in various industries.
Furthermore, the increasing investment in infrastructure and industrialisation in developing countries like India, China, and ASEAN countries is also driving the demand for stainless steel. The growing demand for stainless steel in these countries is expected to drive the market's growth in the region.
Asia Pacific Stainless Steel Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Country
Market players are investing in research and development to develop new stainless-steel grades and expand their production capacity.
Weathering Steel Market
Stainless Steel Market
Structural Steel Market
Electrical Steel Market
South Korea Steel Market
Saudi Arabia Structural Steel Market
Africa Steel Market
North America Stainless Steel Market
Europe Stainless Steel Market
Steel Market
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2025, the market reached an approximate value of USD 100.23 Billion.
The market is expected to grow at a CAGR of 5.10% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 164.83 Billion by 2035.
The market is being driven due to stainless-steel’s excellent corrosion resistance, durability, and low maintenance.
Key trends aiding the market expansion include increasing demand in end-use industries, technological advancements, increasing demand for high-quality and durable products, and infrastructure development in developing countries.
Countries considered in the market are China, Japan, India, ASEAN, and Australia, among others.
Different applications in the market are metal products, mechanical engineering, construction, automotive and transportation, and electrical machinery, among others.
Based on type, the market segmentations include cold flat, hot coils, hot bars/wire rod, cold bars/wire, hot plate and sheet, among others.
Key players in the market are Nippon Steel Corporation, Tata Steel Limited, Outokumpu Oyj, POSCO Co., Ltd., Beihai Chengde Group, JFE Steel Corporation, Baosteel Stainless Steel Co., Ltd., Acerinox S.A., ArcelorMittal S.A., Mitsui & Co., Ltd., and Aperam SA, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share