Austenitic Stainless Steel Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. Segmented By Grades (200 Series, 300 Series), By Application (Consumer Goods, Oil & Gas, Building & Construction, Automobile, Others), By Region, By Company and By Geography, Forecast & Opportunities, 2018-2028

Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 122.16 Billion

CAGR (2023-2028)

6.28%

Fastest Growing Segment

300 Series

Largest Market

Asia-Pacific


Market Overview

The global Austenitic Stainless Steel market stands as a resilient and dynamic sector within the broader stainless steel industry, distinguished by its exceptional corrosion resistance and versatile properties. Austenitic stainless steel, a non-magnetic alloy primarily composed of iron, nickel, and chromium, has cemented its role as a fundamental material across a multitude of industries. This market overview delves into the key facets of the global Austenitic Stainless Steel market, including its applications, market size, growth drivers, challenges, and regional dynamics. Moreover, austenitic stainless steel's versatility finds expression in its wide-ranging applications across diverse industries. The construction sector capitalizes on its aesthetic appeal, durability, and corrosion resistance for architectural detailing, bridges, and facades. Its presence is felt in the automotive industry where its lightweight characteristics, combined with corrosion resistance, make it an essential component for vehicle structures, exhaust systems, and other critical parts. The healthcare sector prizes Austenitic Stainless Steel for its non-reactive nature, making it a preferred choice for medical instruments, implants, and equipment that require sterility and biocompatibility.

Moreover, its resistance to high temperatures and corrosive environments fuels its application in energy and power generation, including nuclear power plants, where safety and longevity are paramount. These applications, alongside its role in consumer goods, chemical processing, and food and beverage industries, establish Austenitic Stainless Steel as a cornerstone material. While poised for growth, the global austenitic stainless steel market faces challenges that warrant attention. Fluctuating raw material costs, particularly for alloying elements like nickel and chromium, can impact manufacturers' margins. Intense competition, often exacerbated by overcapacity in certain regions, compels manufacturers to invest in differentiation and innovation. Trade barriers and tariffs stemming from geopolitical tensions can disrupt supply chains and pricing strategies. Furthermore, the emergence of new materials and the threat of substitution due to technological advancements pose challenges to traditional Austenitic Stainless-Steel applications. Environmental regulations and sustainability concerns necessitate manufacturers to navigate stricter standards and demonstrate their commitment to eco-friendly practices.

The regional dynamics of the Austenitic Stainless Steel market reflect the diverse industrial landscapes across the globe. Developed regions such as North America and Europe maintain substantial demand due to their established automotive, aerospace, and healthcare sectors. Asia-Pacific, driven by rapid industrialization and urbanization, represents a burgeoning market for Austenitic Stainless Steel, particularly in construction and infrastructure development. Emerging economies in Latin America, the Middle East, and Africa are increasingly integrating Austenitic Stainless Steel into their growth strategies to support modernization efforts. In conclusion, the global Austenitic Stainless Steel market stands as a vital player within the stainless steel industry, with its corrosion resistance, versatility, and widespread applications across industries. Driven by robust demand, technological innovations, and sustainable manufacturing practices, the market demonstrates promising growth prospects. However, challenges stemming from raw material costs, competition, trade barriers, technological advancements, and sustainability concerns warrant careful navigation. As industries evolve and economies develop, the Austenitic Stainless Steel market's trajectory remains dynamic, reflecting the global demand for durable and high-performance materials.

Key Market Drivers

Robust Demand from End-Use Industries:

Austenitic stainless steel enjoys extensive demand from a range of end-use industries such as construction, automotive, aerospace, energy, and healthcare. In the construction sector, it is widely used for architectural features due to its aesthetic appeal and corrosion resistance. The automotive industry values its durability and lightweight characteristics. Additionally, the healthcare sector relies on Austenitic Stainless Steel for its non-reactive properties, making it suitable for medical equipment and surgical instruments.

Growing Infrastructure Development:

The global push for infrastructure development, particularly in emerging economies, acts as a significant driver for the Austenitic Stainless Steel market. Rapid urbanization, along with investments in transportation, energy, and water treatment facilities, demands materials that can withstand harsh environments. Austenitic stainless steel's corrosion resistance and longevity make it an ideal choice for infrastructure projects, driving its demand in this sector.

Expansion in Oil and Gas Industry:

The oil and gas industry relies heavily on Austenitic Stainless Steel due to its resistance to corrosive fluids and high-pressure environments. As exploration and production activities expand into more challenging locations, such as deep-sea drilling and high-temperature reservoirs, the demand for Austenitic Stainless Steel pipes, valves, and other equipment grows. The industry's continuous quest for durable materials drives the market's growth.

Advancements in Medical Technology:

Medical advancements have led to the development of intricate and specialized medical devices and equipment. Austenitic Stainless Steel, with its biocompatibility and resistance to sterilization processes, plays a pivotal role in medical technology. The increasing prevalence of minimally invasive surgical procedures and diagnostic equipment drives the demand for Austenitic Stainless Steel, supporting the market's expansion.

Sustainable Manufacturing Practices:

Austenitic Stainless Steel's recyclability aligns with the global emphasis on sustainable manufacturing practices. As industries seek environmentally friendly solutions, the demand for materials that can be recycled and reused gains momentum. Austenitic Stainless Steel's ability to maintain its properties through recycling makes it an attractive choice for industries aiming to reduce their carbon footprint.


Download Free Sample Report

Key Market Challenges

Fluctuating Raw Material Costs:

One of the significant challenges faced by the Austenitic Stainless Steel market is the volatility of raw material costs. The production of Austenitic Stainless Steel requires specific alloying elements, such as nickel and chromium, which are subject to price fluctuations due to supply-demand imbalances and geopolitical tensions. Sudden price hikes can strain profit margins for manufacturers and disrupt the stability of the supply chain.

Intense Competition and Overcapacity:

The global Austenitic Stainless Steel market is characterized by intense competition among manufacturers. Overcapacity in certain regions can lead to price wars and diminished profitability. Moreover, the presence of numerous players vying for market share makes differentiation and innovation critical. Manufacturers must invest in R&D and adopt advanced technologies to stay ahead in the competitive landscape.

Trade Barriers and Tariffs:

Trade barriers, including tariffs and import restrictions, can significantly impact the Austenitic Stainless Steel market's global dynamics. Trade tensions between major economies can disrupt supply chains, lead to market uncertainty, and affect pricing strategies. Exporting and importing countries may face challenges in navigating changing trade policies, potentially leading to shifts in market shares and regional dominance.

Technological Advancements and Substitution Threats:

Rapid technological advancements pose a challenge to traditional materials like Austenitic Stainless Steel. Emerging materials with improved properties and manufacturing techniques might present substitution threats in certain applications. For instance, the development of advanced polymers or composites with comparable strength and corrosion resistance could challenge the dominance of Austenitic Stainless Steel in specific markets.

Environmental Regulations and Sustainability Concerns:

Increasing environmental regulations and sustainability concerns impact the Austenitic Stainless Steel market's operations. Stricter emissions standards and regulations related to waste disposal and energy consumption can increase production costs. Additionally, as industries emphasize eco-friendly materials, manufacturers must invest in sustainable practices and demonstrate the recyclability of Austenitic Stainless Steel to remain attractive to environmentally conscious consumers.

Key Market Trends

Expansive Applications of Austenitic Stainless Steel

The Global Austenitic Stainless Steel Market is witnessing a trend towards Expansive Applications of Austenitic Stainless Steel, as industries recognize the versatility and durability of this material across diverse sectors. Austenitic stainless steel is being adopted in applications ranging from construction and architecture to automotive, medical, and aerospace. This trend showcases the adaptability of austenitic stainless steel to meet stringent requirements for corrosion resistance, strength, and aesthetic appeal. From surgical instruments to architectural facades, this material is becoming a fundamental choice for businesses seeking longevity and performance in their products. The increasing breadth of applications across industries drives the sustained demand and growth of the market for austenitic stainless steel.

Rise of Specialized Grades and Alloys

The trend of Specialized Grades and Alloys is reshaping the Global Austenitic Stainless Steel Market, driven by the need for tailored solutions that cater to specific industry demands. Manufacturers are increasingly developing specialized grades and alloys of austenitic stainless steel to address unique requirements, such as high-temperature resistance, cryogenic performance, and specific corrosive environments. This trend is particularly relevant in sectors such as petrochemicals, energy, and food processing, where austenitic stainless steel's properties can be customized to meet specific operational conditions. By offering a diverse range of specialized solutions, the market is accommodating a wide spectrum of applications and industries, driving its continued expansion and innovation.

Advancements in Fabrication Techniques

A notable trend within the Global Austenitic Stainless Steel Market is the focus on Advancements in Fabrication Techniques, which contribute to improved processing efficiency and product quality. Innovations in manufacturing technologies such as additive manufacturing (3D printing), precision forming, and laser cutting are transforming how austenitic stainless steel components are fabricated. These advancements enable complex geometries, reduced waste, and enhanced production speed, ultimately benefiting industries such as automotive, aerospace, and electronics. As fabrication techniques evolve, businesses can realize cost savings, design flexibility, and streamlined production processes, fostering the adoption of austenitic stainless steel in cutting-edge applications.

Sustainability and Circular Economy

The trend towards Sustainability and Circular Economy is driving the Global Austenitic Stainless Steel Market, aligning with growing environmental consciousness. Austenitic stainless steel's inherent recyclability and long lifecycle make it a sustainable choice for various industries striving to reduce their carbon footprint and minimize waste. Businesses are prioritizing materials that can be reused, remanufactured, or recycled, contributing to a circular economy model. This trend finds applications in sectors such as architecture, where recyclable materials are valued for sustainable building practices. The adoption of austenitic stainless steel aligns with the principles of eco-friendly manufacturing and responsible resource management, positioning it as a preferred material for industries embracing sustainability.

Segmental Insights

Grades Insights

300 series segment dominates in the global austenitic stainless steel market in 2022 because the 300 Series Austenitic Stainless Steel, characterized by its chromium and nickel content, has historically held a dominant position in the global market. This series includes grades such as 304, 316, and 321, which are widely recognized for their exceptional corrosion resistance, durability, and versatility. The 300 Series is extensively used in industries that demand resistance to corrosive environments, making it a preferred choice for applications in sectors such as construction, automotive, aerospace, and food processing. The popularity of these grades in critical applications, coupled with their excellent forming and welding properties, has contributed to the dominance of the 300 Series in the Austenitic Stainless Steel Market. Moreover, the 200 Series Austenitic Stainless Steel, including grades like 201 and 202, has also found its place in the market, although historically to a lesser extent than the 300 Series. These grades typically contain lower nickel content and are characterized by their manganese and nitrogen content. While they offer good formability and lower cost compared to the 300 Series, they may exhibit slightly reduced corrosion resistance in certain environments. The 200 Series grades have found application in areas where high corrosion resistance is not the primary concern, such as decorative applications, cookware, and some architectural uses.

Application Insights

Consumer goods segment dominates in the global Austenitic Stainless Steel market in 2022 because the consumer goods segment has exhibited significant prominence in the Global Austenitic Stainless Steel Market due to the material's widespread use in kitchen appliances, utensils, cookware, and decorative items. Austenitic Stainless Steel's corrosion resistance, aesthetic appeal, and ease of maintenance align well with the requirements of consumer goods. As households worldwide demand durable and stylish products, the consumer goods sector drives the demand for Austenitic Stainless Steel. Moreover, the building and construction industry has consistently demonstrated strong demand for Austenitic Stainless Steel in architectural applications. From bridges and high-rise buildings to façades and structural elements, Austenitic Stainless Steel's durability, aesthetic qualities, and low maintenance requirements make it a go-to material for modern constructions. In regions with stringent building codes and requirements for longevity, this segment has maintained prominence.

 

Download Free Sample Report

Regional Insights

Asia-Pacific dominates in the global austenitic stainless steel market in 2022 because in Asia-Pacific region has exhibited a dominant presence in the global austenitic stainless steel market, owing to a convergence of factors that have collectively contributed to its leadership position. Moreover, the Asia-Pacific region, encompassing countries like China, India, Japan, and South Korea, has experienced rapid industrialization and urbanization over the years. As industries expand and urban centers grow, the demand for Austenitic Stainless Steel has surged across diverse sectors. Industries such as construction, automotive manufacturing, consumer goods production, and infrastructure development have relied heavily on austenitic stainless steel due to its corrosion resistance, durability, and aesthetic appeal.

Recent Developments

  • In June 2022, Outokumpu and Sandvik announced a strategic partnership to develop and commercialize new austenitic stainless steel grades. The partnership will focus on developing grades with improved properties for specific applications, such as high corrosion resistance, high strength, and high formability.
  • In May 2022, Outokumpu and Nippon Steel & Sumitomo Metal Corporation announced a joint venture to produce and market austenitic stainless steel in Japan. The joint venture will be called Outokumpu Nippon Stainless and will be based in Japan.
  • In April 2022, Outokumpu and Jindal Stainless announced a partnership to develop and commercialize austenitic stainless steel grades in India. The partnership will focus on developing grades that are suitable for the Indian market, which has specific requirements for corrosion resistance and cost.

Key Market Players

  • Outokumpu Oyj
  • Acerinox S.A.
  • Thyssenkrupp AG
  • Aperam S.A.
  • Jindal Stainless Ltd.
  • Baosteel Group Corporation
  • Yusco (Yieh United Steel Corp.)
  • Nippon Steel Corporation
  • AK Steel Holding Corporation
  • POSCO

By Grades

By Application

By Region
  • 200 Series
  • 300 Series
  • Consumer Goods
  • Oil & Gas
  • Building & Construction
  • Automobile
  • Others
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific


Report Scope:

In this report, the Global Austenitic Stainless Steel Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Austenitic Stainless Steel Market, By Grades:

o   200 Series

o   300 Series

  • Global Austenitic Stainless Steel Market, By Application:

o   Consumer Goods

o   Oil & Gas

o   Building & Construction

o   Automobile

o   Others

  • Global Austenitic Stainless Steel Market, By Region:

o   North America

o   Europe

o   South America

o   Asia-Pacific

o   Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Austenitic Stainless Steel Market.

Available Customizations:

Global Austenitic Stainless Steel Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Austenitic Stainless Steel Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]               

Table of content

1.    Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.    Baseline Methodology

2.2.    Key Industry Partners

2.3.    Major Association and Secondary Sources

2.4.    Forecasting Methodology

2.5.    Data Triangulation & Validation

2.6.    Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Austenitic Stainless Steel Market

5.    Voice of Customer

6.    Global Austenitic Stainless Steel Market Overview

7.    Global Austenitic Stainless Steel Market Outlook

7.1.    Market Size & Forecast

7.1.1.    By Value

7.2.    Market Share & Forecast

7.2.1.  By Grades (200 Series, 300 Series)

7.2.2.  By Application (Consumer Goods, Oil & Gas, Building & Construction, Automobile, Others)

7.2.3.  By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.    By Company (2022)

7.4.    Market Map

8.    North America Global Austenitic Stainless Steel Market Outlook

8.1.    Market Size & Forecast

8.1.1.    By Value

8.2.    Market Share & Forecast

8.2.1.    By Grades

8.2.2.    By Application

8.2.3.    By Country

8.2.3.1.        United States Austenitic Stainless Steel Market Outlook

8.2.3.1.1.        Market Size & Forecast

8.2.3.1.1.1.    By Value

8.2.3.1.2.        Market Share & Forecast

8.2.3.1.2.1.               By Grades

8.2.3.1.2.2.               By Application

8.2.3.2.        Canada Austenitic Stainless Steel Market Outlook

8.2.3.2.1.        Market Size & Forecast

8.2.3.2.1.1.    By Value

8.2.3.2.2.        Market Share & Forecast

8.2.3.2.2.1.               By Grades

8.2.3.2.2.2.               By Application

8.2.3.3.        Mexico Austenitic Stainless Steel Market Outlook

8.2.3.3.1.        Market Size & Forecast

8.2.3.3.1.1.    By Value

8.2.3.3.2.        Market Share & Forecast

8.2.3.3.2.1.               By Grades

8.2.3.3.2.2.               By Application

9.    Europe Austenitic Stainless Steel Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.    By Grades

9.2.2.    By Application

9.2.3.    By Country

9.2.3.1.        Germany Austenitic Stainless Steel Market Outlook

9.2.3.1.1.        Market Size & Forecast

9.2.3.1.1.1.    By Value

9.2.3.1.2.        Market Share & Forecast

9.2.3.1.2.1.               By Grades

9.2.3.1.2.2.               By Application

9.2.3.2.        France Austenitic Stainless Steel Market Outlook

9.2.3.2.1.        Market Size & Forecast

9.2.3.2.1.1.    By Value

9.2.3.2.2.        Market Share & Forecast

9.2.3.2.2.1.               By Grades

9.2.3.2.2.2.               By Application

9.2.3.3.        United Kingdom Austenitic Stainless Steel Market Outlook

9.2.3.3.1.        Market Size & Forecast

9.2.3.3.1.1.    By Value

9.2.3.3.2.        Market Share & Forecast

9.2.3.3.2.1.               By Grades

9.2.3.3.2.2.               By Application

9.2.3.4.        Italy Austenitic Stainless Steel Market Outlook

9.2.3.4.1.        Market Size & Forecast

9.2.3.4.1.1.    By Value

9.2.3.4.2.        Market Share & Forecast

9.2.3.4.2.1.               By Grades

9.2.3.4.2.2.               By Application

9.2.3.5.        Spain Austenitic Stainless Steel Market Outlook

9.2.3.5.1.        Market Size & Forecast

9.2.3.5.1.1.    By Value

9.2.3.5.2.        Market Share & Forecast

9.2.3.5.2.1.               By Grades

9.2.3.5.2.2.               By Application

10. South America Austenitic Stainless Steel Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2. Market Share & Forecast

10.2.1. By Grades

10.2.2. By Application

10.2.3. By Country

10.2.3.1.     Brazil Austenitic Stainless Steel Market Outlook

10.2.3.1.1.   Market Size & Forecast

10.2.3.1.1.1.             By Value

10.2.3.1.2.   Market Share & Forecast

10.2.3.1.2.1.            By Grades

10.2.3.1.2.2.            By Application

10.2.3.2.     Colombia Austenitic Stainless Steel Market Outlook

10.2.3.2.1.   Market Size & Forecast

10.2.3.2.1.1.             By Value

10.2.3.2.2.   Market Share & Forecast

10.2.3.2.2.1.            By Grades

10.2.3.2.2.2.            By Application

10.2.3.3.     Argentina Austenitic Stainless Steel Market Outlook

10.2.3.3.1.   Market Size & Forecast

10.2.3.3.1.1.             By Value

10.2.3.3.2.   Market Share & Forecast

10.2.3.3.2.1.            By Grades

10.2.3.3.2.2.            By Application

11. Middle East & Africa Austenitic Stainless Steel Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2. Market Share & Forecast

11.2.1. By Grades

11.2.2. By Application

11.2.3. By Country

11.2.3.1.     Saudi Arabia Austenitic Stainless Steel Market Outlook

11.2.3.1.1.   Market Size & Forecast

11.2.3.1.1.1.             By Value

11.2.3.1.2.   Market Share & Forecast

11.2.3.1.2.1.            By Grades

11.2.3.1.2.2.            By Application

11.2.3.2.     UAE Austenitic Stainless Steel Market Outlook

11.2.3.2.1.   Market Size & Forecast

11.2.3.2.1.1.             By Value

11.2.3.2.2.   Market Share & Forecast

11.2.3.2.2.1.            By Grades

11.2.3.2.2.2.            By Application

11.2.3.3.     South Africa Austenitic Stainless Steel Market Outlook

11.2.3.3.1.   Market Size & Forecast

11.2.3.3.1.1.             By Value

11.2.3.3.2.   Market Share & Forecast

11.2.3.3.2.1.            By Grades

11.2.3.3.2.2.            By Application

12. Asia Pacific Austenitic Stainless Steel Market Outlook

12.1. Market Size & Forecast

12.1.1.    By Value

12.2. Market Size & Forecast

12.2.1. By Grades

12.2.2. By Application

12.2.3. By Country

12.2.3.1.     China Austenitic Stainless Steel Market Outlook

12.2.3.1.1.   Market Size & Forecast

12.2.3.1.1.1.             By Value

12.2.3.1.2.   Market Share & Forecast

12.2.3.1.2.1.            By Grades

12.2.3.1.2.2.            By Application

12.2.3.2.     India Austenitic Stainless Steel Market Outlook

12.2.3.2.1.   Market Size & Forecast

12.2.3.2.1.1.             By Value

12.2.3.2.2.   Market Share & Forecast

12.2.3.2.2.1.            By Grades

12.2.3.2.2.2.            By Application

12.2.3.3.     Japan Austenitic Stainless Steel Market Outlook

12.2.3.3.1.   Market Size & Forecast

12.2.3.3.1.1.             By Value

12.2.3.3.2.   Market Share & Forecast

12.2.3.3.2.1.            By Grades

12.2.3.3.2.2.            By Application

12.2.3.4.     South Korea Austenitic Stainless Steel Market Outlook

12.2.3.4.1.   Market Size & Forecast

12.2.3.4.1.1.  By Value

12.2.3.4.2.   Market Share & Forecast

12.2.3.4.2.1.            By Grades

12.2.3.4.2.2.            By Application

12.2.3.5.     Australia Austenitic Stainless Steel Market Outlook

12.2.3.5.1.   Market Size & Forecast

12.2.3.5.1.1.             By Value

12.2.3.5.2.   Market Share & Forecast

12.2.3.5.2.1.            By Grades

12.2.3.5.2.2.            By Application

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   Outokumpu Oyj

15.1.1.        Business Overview

15.1.2.        Key Revenue and Financials  

15.1.3.        Recent Developments

15.1.4.        Key Personnel

15.1.5.        Key Product/Services Offered

15.2.   Acerinox S.A.

15.2.1.        Business Overview

15.2.2.        Key Revenue and Financials  

15.2.3.        Recent Developments

15.2.4.        Key Personnel

15.2.5.        Key Product/Services Offered

15.3.   Thyssenkrupp AG

15.3.1.        Business Overview

15.3.2.        Key Revenue and Financials  

15.3.3.        Recent Developments

15.3.4.        Key Personnel

15.3.5.        Key Product/Services Offered

15.4.   Aperam S.A.

15.4.1.        Business Overview

15.4.2.        Key Revenue and Financials  

15.4.3.        Recent Developments

15.4.4.        Key Personnel

15.4.5.        Key Product/Services Offered

15.5.   Jindal Stainless Ltd.

15.5.1.        Business Overview

15.5.2.        Key Revenue and Financials  

15.5.3.        Recent Developments

15.5.4.        Key Personnel

15.5.5.        Key Product/Services Offered

15.6.   Baosteel Group Corporation

15.6.1.        Business Overview

15.6.2.        Key Revenue and Financials  

15.6.3.        Recent Developments

15.6.4.        Key Personnel

15.6.5.        Key Product/Services Offered

15.7.   Yusco (Yieh United Steel Corp.)

15.7.1.        Business Overview

15.7.2.        Key Revenue and Financials  

15.7.3.        Recent Developments

15.7.4.        Key Personnel

15.7.5.        Key Product/Services Offered

15.8.   Nippon Steel Corporation

15.8.1.        Business Overview

15.8.2.        Key Revenue and Financials  

15.8.3.        Recent Developments

15.8.4.        Key Personnel

15.8.5.        Key Product/Services Offered

15.9.   AK Steel Holding Corporation

15.9.1.        Business Overview

15.9.2.        Key Revenue and Financials  

15.9.3.        Recent Developments

15.9.4.        Key Personnel

15.9.5.        Key Product/Services Offered

15.10.POSCO

15.10.1.     Business Overview

15.10.2.     Key Revenue and Financials  

15.10.3.     Recent Developments

15.10.4.     Key Personnel

15.10.5.     Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the global austenitic stainless steel market was USD 122.16 Billion in 2022.

down-arrow

300 series was the dominant segment in the global austenitic stainless steel market in 2022 by grades.

down-arrow

The challenges in the global austenitic stainless steel market include fluctuating raw material price, intense competition, environmental and sustainability concern, alternative materials etc.

down-arrow

The major drivers for the global austenitic stainless steel market include corrosion resistance and durability, versatility and diverse applications, increasing infrastructure development, growing automotive industry etc.

Related Reports

profile

Srishti Verma

Business Consultant
Press Release

Global Austenitic Stainless Steel Market Expands with 300 Series Segment at a robust CAGR

Nov, 2023

The increasing global austenitic stainless steel market is driven by increasing infrastructure development and growing automotive industry during the forecast period 2024-2028.

Why Choose Us