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Global Steel Market with Focus on Stainless Steel - Size, Trends & Forecasts (2019-2023): ArcelorMittal, NSSMC, Outokumpu and POSCO are the Major Players - ResearchAndMarkets.com

February 18, 2019

DUBLIN--(BUSINESS WIRE)--Feb 18, 2019--The “Global Steel Market with Focus on Stainless Steel Market: Size, Trends & Forecasts (2019-2023)” report has been added to ResearchAndMarkets.com’s offering.

Steel refers to an alloy of iron and carbon and contains silicon, phosphorus, Sulphur and oxygen as well. Steel is available in more than 3500 grades, each of which possesses certain unique properties. Steel is fully recyclable, possesses great durability, requires low amount of energy for production and is also environment friendly and sustainable.

Stainless steel is a form of steel which is used in a number of applications across different industries, including transport, chemical, pharmaceutical, oil and gas, food processing, construction etc. Stainless steel is an alloy of iron along with a minimum of 10.5% chromium. One of the major advantages provided by stainless steel which leads to its wide application is high corrosion resistance.

Market Outlook

The global steel market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2023).

The market is expected to be driven by various growth enhancing factors such as rapid urbanization, growing investments in infrastructure sector, increasing automotive production, growing food industry etc.

However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are volatility in raw material prices and rising market competitors.

The major players dominating the stainless steel market are ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation (NSSMC), Outokumpu and POSCO. The four companies have been profiled in the report providing detailed analysis of their financial information and business strategies.

The global steel market has been segmented into carbon steel, alloy steel, stainless steel, tool steel and other steel types. Stainless steel has been further categorized into austenitic grade, ferritic grade and martensitic grade stainless steels. The market has been divided on the basis of production methods into blast furnace-basic oxygen furnace (BF-FOF), electric arc furnace (EAF) and others. Applications for the steel market include bridges, industrial structures and others.

Topics Covered

1. Executive Summary

2. Introduction

2.1 Steel: An Overview

2.2 Steel Segmentation: An Overview

2.3 Stainless Steel: An Overview

2.4 Advantages of Stainless Steel

3. Global Market Analysis

3.1 Global Steel Market: An Analysis

3.2 Global Stainless Steel Market: An Analysis

3.3 Global Stainless Steel Market: Application Analysis

4. Regional Market Analysis

4.1 Europe Stainless Steel Market: An Analysis

4.2 Americas Stainless Steel Market: An Analysis

4.3 RoW Stainless Steel Market: An Analysis

4.4 Asia Stainless Steel Market: An Analysis

4.5 Asia Stainless Steel Market: Regional Analysis

5. Market Dynamics

5.1 Growth Drivers

5.1.1 Rapid Urbanization

5.1.2 Growing Investments in Infrastructure Sector

5.1.3 Increasing Automotive Production

5.1.4 Growing Food Industry

5.1.5 Rising GDP Per Capita

5.2 Challenges

5.2.1 Volatility in Raw Material Prices

5.2.2 Rising Market Competitors

5.3 Market Trends

5.3.1 Rising Use in Pre-engineered Buildings (PEBs)

5.3.2 Steel Scrap Utilization for Stainless Steel Production

5.3.3 Growing Use in Medical Technology Industry

6. Competitive Landscape

6.1 Global Stainless Steel Market Players: Financial Comparison

6.2 Global Stainless Steel Market Players by Production Capacity

6.3 India Stainless Steel Market Players by Production Capacity

7. Company Profiles

7.1 ArcelorMittal

7.2 Nippon Steel & Sumitomo Metal Corporation (NSSMC)

7.3 Outokumpu

7.4 POSCO

For more information about this report visit https://www.researchandmarkets.com/research/mnp5g4/global_steel?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190218005123/en/

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Related Topics:Iron and Steel

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SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/18/2019 05:46 AM/DISC: 02/18/2019 05:46 AM

http://www.businesswire.com/news/home/20190218005123/en