Global stainless steel market to reach $226.8 million by 2030
Global stainless steel market to reach $226.8 million by 2030

The global stainless steel market was estimated at USD 170.4 million in 2022 and is projected to reach a revised USD 226.8 million by 2030, growing at a CAGR of 3.6% during 2022 amid changing business landscape post-COVID-19 Growth - 2030. Flat, one of the market segments analyzed in the report, is projected to grow at a CAGR of 3.4% to reach USD 156.3 million by the end of the analysis period. Taking into account the continued post-pandemic recovery, the growth of the long products segment is readjusted to a CAGR of 4.2% over the next 8-year period.


The US stainless steel market is estimated at $46.4 million by 2022. China, the second largest economy in the world, is expected to have a market size of USD 46.5 million by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030. Other notable geographic markets include Japan and Canada, which are expected to grow by 0.9% and 4.2%, respectively, between 2022 and 2030. In Europe, Germany is projected to grow at a CAGR of approximately 1.7%.

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