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India Stainless Steel Market, By Grade (200 Series, 300 Series, 400 Series, Duplex Series and Others), By Product (Flat, Long), By Application (Consumer Goods, Building and Construction), By Region, Competition, Forecast & Opportunities, FY2026

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    Report

  • February 2021
  • Region: India
  • TechSci Research
  • ID: 5292803
UP TO OFF until Dec 31st 2022
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The Indian Stainless Steel Market stood at USD9.67 billion in FY2020 and is forecast to grow at a CAGR of over 6.87% by 2026, owing to properties like corrosion resistance, tensile strength, and durability of stainless steel. Rising demand for stainless steel from consumer goods, construction and transportation industry is likely to drive market growth. The properties of stainless steel like high toughness, ductility and low maintenance have resulted in the increased utilization of the product in consumer goods such as cookware, showpieces, and stoves, which in turn is anticipated to push product demand over the coming years.





Stainless Steel Market in India can be segmented based on the grade, product, application and region. Based on grade, the market can be segmented into 200 series, 300 series, 400 series, duplex, and others. 200 series grade leads the market owing to its increasing demand from consumer goods. 200 series grade is cost-effective as it comes at a reasonable price in comparison to other grades because in this grade nickel is replaced by nitrogen and manganese. The yield strength of 200 series is about 50% higher than that of 300 series. Moreover, increasing demand for stainless steel from various end-use industries, such as chemical, oil and gas, plumbing, energy and construction is predicted to drive the demand for stainless steel during the forecast period.

Some of the players in the Stainless Steel Market of India include Jindal Stainless Limited, Jindal Stainless (Hisar) Limited, Viraj Profiles Limited, Shah Alloys Limited, Shyam Ferro Alloys Limited, Steel Authority of India Limited, Tata Steel Limited, Ambica Steels Limited, Visa Steel Limited, Laxcon Steels Limited and others. The companies operating in the market are focusing on expansion and mergers & collaborations to increase their share in the market.

Years considered for this report:
  • Historical Years: FY2016-FY2019
  • Base Year: FY2020
  • Estimated Year: FY2021
  • Forecast Period: FY2022-FY2026

Objective of the Study:
  • To analyze and forecast the Indian Stainless Steel Market size, in terms of value.
  • To forecast the Indian Stainless Steel Market based on grade, product, application and regional distribution.
  • To identify drivers and challenges for the Indian Stainless Steel Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in the Indian Stainless Steel Market.
  • To conduct the pricing analysis for the Indian Stainless Steel Market.
  • To identify and analyze the profile of leading players operating in the Indian Stainless Steel Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of stainless steel manufacturers across India. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher was able to include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.

The publisher calculated the Indian Stainless Steel Market size by using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Stainless steel manufacturers and other stakeholders
  • Stainless steel end-user industries
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to Stainless Steel Market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and end-users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

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

Market, By Grade
  • 200 Series
  • 300 Series
  • 400 Series
  • Duplex
  • Others

Market, By Product
  • Flat
  • Long

Market, By Application
  • Consumer goods
  • Building and Construction
  • Automotive and Transportation
  • Heavy Industry
  • Others

Market, By Region:
  • North
  • West
  • South
  • East

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Indian Stainless Steel Market.

Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
Frequently Asked Questions about the Indian Stainless Steel Market

What is the estimated value of the Indian Stainless Steel Market?

The Indian Stainless Steel Market was estimated to be valued at $7209.82 Million in 2016.

What is the growth rate of the Indian Stainless Steel Market?

The growth rate of the Indian Stainless Steel Market is 6.0%, with an estimated value of $13014.76 Million by 2026.

What is the forecasted size of the Indian Stainless Steel Market?

The Indian Stainless Steel Market is estimated to be worth $13014.76 Million by 2026.

Who are the key companies in the Indian Stainless Steel Market?

Key companies in the Indian Stainless Steel Market include Jindal Stainless Steel Limited, Jindal Stainless (Hisar) Limited, Viraj Profiles Limited, Shah Alloys Limited, Shyam Ferro Alloys Limited, Steel Authority of India Limited, Tata Steel Limited, Ambica Steels Limited and Laxcon Steels Limited.

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary4. Impact of COVID-19 on India Stainless Steel Market5. India Stainless Steel Market Overview
6. India Stainless Steel Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value (USD Million) & Volume (Thousand Tonnes)
6.2. Market Share & Forecast
6.2.1. By Grade (200 series, 300 series, 400 series, Duplex, Others)
6.2.2. By Product Type (Flats and Long)
6.2.3. By Application (Consumer Goods, Building and Construction, Automotive and Transportation, Heavy Industry, Others)
6.2.4. By Region (North, West, South, East)
6.2.5. By Company (FY2020)
6.3. Product Market Map (By Application, By Grade, By Product Type, By Region)
7. North India Stainless Steel Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Product Type
7.2.3. By Application
8. West India Stainless Steel Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Product Type
8.2.3. By Application
9. South India Stainless Steel Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Product Type
9.2.3. By Application
10. East India Stainless Steel Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Product Type
10.2.3. By Application
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments13. Import Export Analysis14. Value Chain Analysis15. Policy & Regulatory Landscape16. India Economic Profile
17. Competitive Landscape
17.1. Competition Outlook
17.2. Company Profiles
17.2.1. Jindal Stainless Steel Limited
17.2.2. Jindal Stainless (Hisar) Limited
17.2.3. Viraj Profiles Limited
17.2.4. Shah Alloys Limited
17.2.5. Shyam Ferro Alloys Limited
17.2.6. Steel Authority of India Limited
17.2.7. Tata Steel Limited
17.2.8. Ambica Steels Limited
17.2.9. Visa Steel Limited
17.2.10. Laxcon Steels Limited
18. Strategic Recommendations19. About the Publisher & Disclaimer
List of Figures
Figure 1: India Stainless Steel Market Size, By Value, FY2016-FY2026F (USD Million)
Figure 2: India Stainless Steel Market Size, By Volume, FY2016-FY2026F (Thousand Units)
Figure 3: India Stainless Steel Market Share, By Product, By Value, FY2016-FY2026F
Figure 4: India Stainless Steel Market Share, By Grade, By Value, FY2016-FY2026F
Figure 5: India Stainless Steel Market Share, By Application, By Value, FY2016-FY2026F
Figure 6: India Stainless Steel Market Share, By Region, By Value, 2016 - 2026F
Figure 7: India Stainless Steel Market Share, By Company, By Value, 2020
Figure 8: Region Map on the Basis of Market Size (USD Million) & Growth Rate (%)
Figure 9: Product Map on the Basis of Market Size (USD Million) & Growth Rate (%)
Figure 10: Grade Map on the Basis of Market Size (USD Million) & Growth Rate (%)
Figure 11: Application Map on the Basis of Market Size (USD Million) & Growth Rate (%)
Figure 12: North India Stainless Steel Market Size, By Value, FY2016-FY2026F (USD Million)
Figure 13: North India Stainless Steel Market Share, By Product, By Value, FY2016-FY2026F
Figure 14: North India Stainless Steel Market Share, By Grade, By Value, FY2016-FY2026F
Figure 15: North India Stainless Steel Market Share, By Application, By Value, FY2016-FY2026F
Figure 16: West India Stainless Steel Market Size, By Value, FY2016-FY2026F (USD Million)
Figure 17: West India Stainless Steel Market Share, By Product, By Value, FY2016-FY2026F
Figure 18: West India Stainless Steel Market Share, By Grade, By Value, FY2016-FY2026F
Figure 19: West India Stainless Steel Market Share, By Application, By Value, FY2016-FY2026F
Figure 20: South India Stainless Steel Market Size, By Value, FY2016-FY2026F (USD Million)
Figure 21: South India Stainless Steel Market Share, By Product, By Value, FY2016-FY2026F
Figure 22: South India Stainless Steel Market Share, By Grade, By Value, FY2016-FY2026F
Figure 23: South India Stainless Steel Market Share, By Application, By Value, FY2016-FY2026F
Figure 24: East India Stainless Steel Market Size, By Value, FY2016-FY2026F (USD Million)
Figure 25: East India Stainless Steel Market Share, By Product, By Value, FY2016-FY2026F
Figure 26: East India Stainless Steel Market Share, By Grade, By Value, FY2016-FY2026F
Figure 27: East India Stainless Steel Market Share, By Application, By Value, FY2016-FY2026F

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Jindal Stainless Steel Limited
  • Jindal Stainless (Hisar) Limited
  • Viraj Profiles Limited
  • Shah Alloys Limited
  • Shyam Ferro Alloys Limited
  • Steel Authority of India Limited
  • Tata Steel Limited
  • Ambica Steels Limited
  • Visa Steel Limited
  • Laxcon Steels Limited