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Home > Chemical & Material > Stainless Steel
Stainless Steel

Stainless Steel Market in India, Industry Outlook and Forecast 2024-2030

Stainless steel contains a maximum of 1.2% carbon, a minimum of 10.5% chromium (standard EN 10088-1) and other alloying elements. The presence of chro

Report Code4863107
Publish Date2024-01-06
Pages63
CategoryChemical & Material
Chemical & Material

Report Overview

Stainless steel contains a maximum of 1.2% carbon, a minimum of 10.5% chromium (standard EN 10088-1) and other alloying elements. The presence of chromium confers on stainless steel its principal quality: its corrosion resistance.

This report contains market size and forecasts of Stainless Steel in India, highlights the following information:

Sales of Stainless Steel in India: Value 2019 VS 2023 VS 2030, ($ millions)

Sales of Stainless Steel in India: Volume 2019 VS 2023 VS 2030, (M MT)

Sales of Stainless Steel in India: Revenue Market Share by Company, 2019-2024

Sales of Stainless Steel in India: Volume Market Share by Company, 2019-2024

India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Stainless Steel will continue to grow rapidly in the future.

The global Stainless Steel market size was valued at 130600 million in 2023 and is forecast to a readjusted size of US$ 179590 million by 2030, with a CAGR of 4.6% during the forecast period 2024-2030.While the India Stainless Steel market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Stainless Steel's global value in 2030, from % in 2023.

Our research team has surveyed the Stainless Steel manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

India Stainless Steel Market, By Type, 2019-2024, 2025-2030 ($ Millions) & (M MT)

India Stainless Steel Market Segment Percentages, By Type, 2023 (%)

Ferritic Stainless Steel

Austenitic Stainless Steel

Martensitic Stainless Steel

PH Stainless Steel

Duplex Stainless Steel

Other

India Stainless Steel Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (M MT)

India Stainless Steel Market Segment Percentages, By Application, 2023 (%)

Architecture Industry

Petrifaction Industry

Food Industry

Mechanical Industry

Electricity Industry

Others

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Stainless Steel revenues in India market, 2019-2024 (Estimated), ($ millions)

Key companies Stainless Steel sales in India market, 2019-2024 (Estimated), (M MT)

Further, the report presents profiles of competitors in the market, key players include:

Acerinox

Aperam

Thyssen Krupp

Pohang Iron & Steel (Posco)

Ta Chen International

Jindal Stainless

Allegheny Flat Rolled Products

North American Stainless

AK Steel

Outokumpu Europe

Outokumpu USA

Mexinox

Shree Khodal Industrial Engineering Company

market growth

Market Size Overview

USD Million

-

2026

-

2032

-

CAGR (2024-2032)
MARKET SIZE 2026
USD - MN
Million
MARKET SIZE 2032
USD - MN
Million
CAGR (2026-2032)
-
FASTEST GROWING REGION
Asia Pacific
LARGEST MARKET
Asia Pacific

Key Market Segmentation

By Purity Level
By Purity Level
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By Region
  • North America
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Regional Market Insights

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Asia Pacific
Asia Pacific

China, Japan, South Korea, Southeast Asia, India

North America
North America

U.S., Canada, Mexico

Europe
Europe

Germany, France, UK, Italy

South America
South America

Brazil, etc.

Middle East and Africa
Middle East and Africa

Turkey, GCC Countries, Africa, etc.

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Our reports deliver comprehensive regional coverage to help you understand market dynamics, identify growth opportunities, and make informed decisions.

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