Global Stainless Steel Foil Market , By Grade (200 Series, 300 Series, 400 Series, Duplex Series), B

Published Date: | Report Code : MT1958300

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Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the stainless steel foil market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of stainless steel foil market during the forecast period. 

Corrosion is one of the biggest problems for most of the end-users who need metals for various packaging applications. Due to this, manufacturers generally prefer corrosion-resistant metal packaging applications like stainless steel foil. Also, stainless steel foil is comparatively lighter and tough owing to a special coating applied to it.

Segment Analysis:

On the basis of grade, it is segmented into 200 series, 300 series, 400 series, and duplex series. The 304, 303, and 316 are most widely used in heavy industries and the construction industry owing to their super corrosion resistance, whereas the 410 and 416 grade has high tensile strength which makes them suitable for the manufacture of consumer goods.

By product type, it is segregated into long and flat. The flat tye of stainless steel foil is more commonly used in appliances and packaging, construction, tinplate, pipes and tubes, and heavy plates due to its thermal conductivity, thermal expansion of the coefficient, and corrosion resistance. Flat and long products generally include sheet piles, coated steel products, billets, slabs, rails, blooms, sections, hot and cold rolled coils, rebars, and wire rods.

By application, it is classified into automotive, transportation, heavy industry, consumer goods, and construction. The stainless steel foil is majorly used in heavy industries which include the chemical industry, heating cooling and ventilation, oil and gas industry, and pulp and paper industry. Stainless steel is widely used to manufacture equipment used in these industries. The growing power consumption coupled with the rising use of renewable energy has also propelled the market.

Key Factors Impacting Market Growth:

  • Its superior qualities, affordable costs, and high strength-to-weight ratio

  • Growth of the sectors such as dairy, food, & pharmaceutical industry

Regional Analysis:

The regional outlook section for stainless steel foil market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe have been traditional markets with sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this regionincludes automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. This industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region include China, India, South Korea, Japan, Australia, and so on. In addition, favourable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with growth of industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for stainless steel foil market during the forecast period.

Key Developments:

  • On July 4, 2017, Nippon Steel & Sumikin Materials (NSSM) announced the expansion of the production capacity of stainless steel foil to cater to the increasing demand for lithium-ion batteries all around the globe

  • On September 24, 2018, Ulbrich Solar Technologies and Heraeus Photovoltaic launched new product portfolio of selectively coated ribbons

Companies Covered: Nippon Steel & Sumitomo Metal Corporation, Olin Brass, Ulbrich Stainless Steels & Special Metals, Inc., A.J. Oster, Nisshin Steel Co. Ltd., Meru Impex, Bhandari Group, Riddhi Siddhi Impex, IUP Jindal Metals & Alloys Ltd., Hollinbrow Precision Products (UK), and Rikazai Co., Ltd.

Market Segmentation:

By Grade:

  • 200 Series

  • 300 Series

  • 400 Series

  • Duplex Series

By Product Type:

  • Long

  • Flat

By Application:

  • Automotive

  • Transportation

  • Heavy Industry

  • Consumer Goods

  • Construction

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Grade

    • By Product Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Grade

    • By Product Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Grade

    • By Product Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Grade

    • By Product Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Grade

    • By Product Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Grade

    • By Product Type

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global stainless steel foil market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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