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Report Overview
The global stainless steel market reached a value of almost USD 163.68 Billion in 2025. The industry is further expected to grow at a CAGR of 6.80% in the forecast period of 2026-2035 to reach a value of nearly USD 316.02 Billion by 2035.
The stainless steel market is witnessing rapid growth worldwide as demand grows in various industries, including engineering, electronics and construction. Asia Pacific is a prominent region due to the high production and consumption levels. The U.S. market is also increasing at a steady rate due to increasing infrastructure development and manufacturing activities. These properties give stainless steel excellent corrosion resistance and a wide range of applications, which are particularly useful for automotive, electronics, architecture.
The global stainless steel market is anticipated to shoot up further as higher production technology and the diversification of stainless steel usage into new sectors will continue to drive the market. It has a good growth potential, with rising worldwide usage.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Key Industry Players
To hold onto their positions, major players employ acquisition and product innovation strategies.
Major players in the industry use acquisitions and product innovation to strengthen their market presence. The players also focus on increasing their product portfolio and improving their technological prowess to meet the increasing demand in various industries. These players constantly enhance their manufacturing processes and adopt advanced stainless steel products which give them a competitive edge in the market and help contribute to the overall growth.
List of Top Stainless-Steel Companies
- Nippon Steel Corporation
- AK Steel International B.V.
- Outokumpu Oyj
- POSCO
- Aperam SA
- Beihai Chengde Group
- JFE Steel Corporation
- Baosteel Stainless Steel Co., Ltd
- Acerinox S.A.
- Tata Steel Limited
- ArcelorMittal S.A.
- Jindal Stainless Group
- Acciai Speciali Terni S.p.A
- Yieh Corporation
- Others
Stainless Steel Market Report Snapshots
*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.*
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Key Questions Answered in the Report
In 2025, the global stainless steel market attained a value of almost USD 163.68 Billion.
The market is projected to grow at a CAGR of 6.80% between 2026 and 2035.
The market is expected to reach a value of nearly USD 316.02 Billion by 2035.
The major drivers of the market include the rising demand for consumer products, the existence of a large number of manufacturers, the growing automotive industry, and the growing shift from traditional to newer technologies.
The rise in the consumption levels of petrochemical and medical products and the growing construction industry are the key industry trends propelling the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of stainless steel in the market are cold flat, hot coils, hot bars/wire rod, cold bars/wire, and hot plate and sheet, among others.
The major applications of the product are metal products, mechanical engineering, construction, motor vehicles and parts, and electrical machinery, among others.
The major players in the market are Nippon Steel Corporation, AK Steel International B.V., Outokumpu Oyj, POSCO, Aperam SA, Beihai Chengde Group, JFE Steel Corporation, Baosteel Stainless Steel Co., Ltd, Acerinox S.A., Tata Steel Limited, ArcelorMittal S.A., Jindal Stainless Group, Acciai Speciali Terni S.p.A, and Yieh Corporation, among others.
In 2025, the metal products segment dominated the market by application.
Asia Pacific held the largest stainless steel market share.
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