The global stainless steel 400 series market size is expected to reach USD 51.16 billion by 2030 expanding at a CAGR of 7.3% from 2022 to 2030, Rising investments in end-use industries such as consumer goods, automotive & transportation, and construction are anticipated to propel the market growth for the stainless steel 400 series during the forecast period.
The stainless steel 400 series has higher manganese content than the 300 series. The group consists of various grades such as 403, 405, 409, 410, and 430. Based on application, consumer goods held the largest market share in 2021. These products find application in a wide range of consumer goods such as home and kitchen appliances, including fridges, air conditioners, washing machines, pots, kettles, and knives.
Furthermore, these products are largely used in the construction industry as well on account of properties such as high formability, weldability, corrosion resistance, and aesthetic appearance. These are used in developing products such as architectural claddings, handrails, drainage & water systems, wall support products, roofs, and structures & fixtures.
Modern buildings and structures require extended life and aesthetical appearance. As a result, the 400 series of stainless steel is gaining popularity across the world. Furthermore, the product is increasingly being used in curtain walls and roofs to gain enhanced functional and aesthetic appeal. The series is being preferred by leading architectural and landscape designing and structural engineering firms owing to its enhanced corrosion resistance.
Mechanical engineering & heavy industries are another vital segment of the market, where the products find use in shipbuilding, manufacturing of defense-related products, and in the oil & gas industry for gas turbine exhaust silencers and other hardware. Growing investments in oil & gas and defense industries are thus, aiding the market growth.
For instance, in February 2022, the Government of Germany decided to invest USD 112.0 billion in military equipment manufacturing. As such, it is planning to allocate over 2% of the economic output of the country to its defense sector annually. In addition, the Government of Germany is planning to set up a Bundeswehr fund for investing in armament projects in the country.
The market is competitive in nature where capacity expansions, acquisitions, partnerships, and de-carbonization measures are some of the strategies adopted by key players. For instance, in December 2021, Jindal Stainless invested around USD 82 million for the expansion of its production facilities in Jaipur. With this expansion, the company is expected to double its production from 1.1 million tons per year (MTPA) to 2.1 MTPA.
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The stainless steel 400 series has higher manganese content than the 300 series. The group consists of various grades such as 403, 405, 409, 410, and 430. Based on application, consumer goods held the largest market share in 2021. These products find application in a wide range of consumer goods such as home and kitchen appliances, including fridges, air conditioners, washing machines, pots, kettles, and knives.
Furthermore, these products are largely used in the construction industry as well on account of properties such as high formability, weldability, corrosion resistance, and aesthetic appearance. These are used in developing products such as architectural claddings, handrails, drainage & water systems, wall support products, roofs, and structures & fixtures.
Modern buildings and structures require extended life and aesthetical appearance. As a result, the 400 series of stainless steel is gaining popularity across the world. Furthermore, the product is increasingly being used in curtain walls and roofs to gain enhanced functional and aesthetic appeal. The series is being preferred by leading architectural and landscape designing and structural engineering firms owing to its enhanced corrosion resistance.
Mechanical engineering & heavy industries are another vital segment of the market, where the products find use in shipbuilding, manufacturing of defense-related products, and in the oil & gas industry for gas turbine exhaust silencers and other hardware. Growing investments in oil & gas and defense industries are thus, aiding the market growth.
For instance, in February 2022, the Government of Germany decided to invest USD 112.0 billion in military equipment manufacturing. As such, it is planning to allocate over 2% of the economic output of the country to its defense sector annually. In addition, the Government of Germany is planning to set up a Bundeswehr fund for investing in armament projects in the country.
The market is competitive in nature where capacity expansions, acquisitions, partnerships, and de-carbonization measures are some of the strategies adopted by key players. For instance, in December 2021, Jindal Stainless invested around USD 82 million for the expansion of its production facilities in Jaipur. With this expansion, the company is expected to double its production from 1.1 million tons per year (MTPA) to 2.1 MTPA.
Stainless Steel 400 Series Market Report Highlights
- Based on application, the consumer goods segment held a revenue share of more than 37.0% in 2021 of the global stainless steel 400 series market. The market share is attributed to the rising use of products in home & kitchen appliances including refrigerators, air conditioners, and washing machines.
- In terms of revenue, mechanical engineering & heavy industries are anticipated to register a CAGR of 7.0% during the forecast period. The growth of the oil & gas industry is boosting the segment growth.
- Based on region, Europe is expected to attain a CAGR of 6.1%, in terms of revenue, from 2022 to 2030. The region has a large number of automotive manufacturers, which produce automobile components in Germany and France.
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Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Research Methodology
1.4. Research Scope and Assumptions
1.5. Information Procurement
1.5.1. Purchased database
1.5.2. Internal Database
1.5.3. Secondary Sources
1.5.4. Third Party Perspective
1.5.5. Primary Research
1.6. Information Analysis
1.6.1. Data Analysis Models
1.7. Market Formulation and Data Visualization
1.8. Data Validation and Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Market Snapshot
2.3. Segmental Outlook
Chapter 3. Market Variables, Trends & Scope
3.1. Global Stainless Steel Industry Trends
3.2. Global Stainless Steel 400 Series Market Outlook
3.3. Penetration & Growth Prospect Mapping
3.4. Value Chain Analysis
3.4.1. Raw Material Trends
3.5. Market Analysis, By Grade
3.6. Trade Data for Top 10 Countries, 2017 - 2021
3.7. Regulatory Framework
3.8. Market Dynamics
3.8.1. Market Driver Analysis
3.8.2. Market Restraint Analysis
3.8.3. Industry Challenges
3.8.4. Market Opportunities
3.9. Industry Analysis- Porter’s
3.10. PESTEL Analysis
Chapter 4. Stainless Steel 400 series Market: Application Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Application Movement Analysis & Market Share, 2021 & 2030
4.3. Building & Construction
4.3.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
4.4. Automotive & Transportation
4.4.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
4.5. Consumer Goods
4.5.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
4.6. Mechanical Engineering and Heavy Industries
4.6.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
4.7. Medical
4.7.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
4.8. Aerospace
4.8.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
4.9. Others
4.9.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Chapter 5. Stainless Steel 400 series Market: Regional Estimates & Trend Analysis
5.1. Regional Movement Analysis & Market Share, 2021 & 2030
5.2. North America
5.2.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.2.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.2.3. U.S.
5.2.3.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.2.3.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.2.4. Canada
5.2.4.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.2.4.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.2.5. Mexico
5.2.5.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.2.5.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.3. Europe
5.3.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.3.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.3.3. Germany
5.3.3.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.3.3.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.3.4. U.K.
5.3.4.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.3.4.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.3.5. France
5.3.5.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.3.5.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.3.6. Russia
5.3.6.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.3.6.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.4. Asia Pacific
5.4.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.4.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.4.3. China
5.4.3.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.4.3.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.4.4. Japan
5.4.4.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.4.4.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.4.5. India
5.4.5.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.4.5.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.4.6. South Korea
5.4.6.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.4.6.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.5. Central & South America
5.5.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.5.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.5.3. Brazil
5.5.3.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.5.3.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.6. Middle East & Africa
5.6.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.6.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
5.6.3. GCC
5.6.3.1. Market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
5.6.3.2. Market estimates and forecasts, by application, 2017 - 2030 (Kilotons) (USD Million)
Chapter 6. Competitive Analysis
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company /Competition Categorization
6.3. Vendor Landscape
6.3.1. List of Prospective End-Users
6.3.2. List of Raw Material Suppliers and Distributors
Chapter 7. Company Profiles
7.1. Acerinox S.A.
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Aperam
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Baosteel Group
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Fushun Special Steel Co., Ltd.
7.4.1. Company Overview
7.4.2. Product Benchmarking
7.4.3. Strategic Initiatives
7.5. Jindal Stainless
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. Outokumpu
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. POSCO
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Thyssenkrupp AG
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. Yieh United Steel Corp
7.9.1. Company Overview
7.9.2. Product Benchmarking
7.9.3. Strategic Initiatives
List of Tables
Table 1 Stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 2 Stainless steel 400 series market estimates and forecasts, by building & construction, 2017 - 2030 (Kilotons) (USD Million)
Table 3 Stainless steel 400 series market estimates and forecasts, by automotive & transportation, 2017 - 2030 (Kilotons) (USD Million)
Table 4 Stainless steel 400 series market estimates and forecasts, by consumer goods, 2017 - 2030 (Kilotons) (USD Million)
Table 5 Stainless steel 400 series market estimates and forecasts, by mechanical engineering and heavy industries, 2017 - 2030 (Kilotons) (USD Million)
Table 6 Stainless steel 400 series market estimates and forecasts, by medical, 2017 - 2030 (Kilotons) (USD Million)
Table 7 Stainless steel 400 series market estimates and forecasts, by aerospace, 2017 - 2030 (Kilotons) (USD Million)
Table 8 Stainless steel 400 series market estimates and forecasts, by other applications, 2017 - 2030 (Kilotons) (USD Million)
Table 9 North America stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 10 North America stainless steel 400 series market estimates and forecasts, by application, 2017- 2030 (Kilotons)
Table 11 North America stainless steel 400 series market estimates and forecasts, by application, 2017- 2030 (USD Million)
Table 12 U.S. stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 13 U.S. stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 14 U.S. stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 15 Canada stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 16 Canada stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 17 Canada stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 18 Mexico stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 19 Mexico stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 20 Mexico stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 21 Europe stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 22 Europe stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 23 Europe stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 24 Germany stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 25 Germany stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 26 Germany stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 27 U.K. stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 28 U.K. stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 29 U.K. stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 30 France stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 31 France stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 32 France stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 33 Russia stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 34 Russia stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 35 Russia stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 36 Asia Pacific stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 37 Asia Pacific stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 38 Asia Pacific stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 39 China stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 40 China stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 41 China stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 42 Japan stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 43 Japan stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 44 Japan stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 45 India stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 46 India stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 47 India stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 48 South Korea stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 49 South Korea stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 50 South Korea stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 51 Central & South America stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 52 Central & South America stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 53 Central & South America stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 54 Brazil stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 55 Brazil stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 56 Brazil stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 57 Middle East & Africa stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 58 Middle East & Africa stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 59 Middle East & Africa stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 60 GCC stainless steel 400 series market estimates and forecasts, 2017 - 2030 (Kilotons) (USD Million)
Table 61 GCC stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (Kilotons)
Table 62 GCC stainless steel 400 series market estimates and forecasts, by application, 2017 - 2030 (USD Million)
List of Figures
Fig. 1 Stainless steel 400 series market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Market snapshot
Fig. 7 Segment outlook
Fig. 8 Penetration & growth prospect mapping
Fig. 9 Value chain analysis
Fig. 10 Market dynamics
Fig. 11 Market driver analysis
Fig. 12 Market restraint analysis
Fig. 13 Stainless steel 400 series market: Application movement analysis, 2021 & 2030 (%)
Fig. 14 Stainless steel 400 series market: Regional movement analysis, 2021 & 2030 (%)
Companies Mentioned
- Acerinox S.A.
- Aperam
- Baosteel Group
- Fushun Special Steel Co., Ltd.
- Jindal Stainless
- Outokumpu
- POSCO
- Thyssenkrupp AG
- Yieh United Steel Corp
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 97 |
| Published | January 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 29.32 Billion |
| Forecasted Market Value ( USD | $ 51.16 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
