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Automotive Stainless Steel Market Share

Report ID: GMI6236
Published Date: Jul 2023
Report Format: PDF

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Automotive Stainless Steel Market Share

Major companies in the automotive stainless steel market are :

Outokumpu Oyj
thyssenkrupp AG
AK Steel Holding Corporation
Nippon Steel Corporation
JFE Steel Corporation
POSCO,
Acerinox S.A.
Sandvik AB
Aperam S.A
Ta Chen International, Inc.

These companies concentrate on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also making heavy investments in research to launch advanced products and gain the maximum market revenue.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of automotive stainless steel was reached USD 120 billion in 2022 and is set to account for USD 185 billion by 2032, owing to the lightweight, strong & durable nature of the material.

The exhaust systems segment accounted around 40% market share in 2022 and will continue to generate demand as stainless steel is extensively used in automotive exhaust systems for its outstanding resistance to heat and corrosion.

The U.S. dominated the North America market and generated revenues worth USD 102 billion in 2022 and is expected to expand at a significant pace owing to the overall increase in vehicle production in the region.

Outokumpu Oyj, thyssenkrupp AG, AK Steel Holding Corporation, Nippon Steel Corporation, JFE Steel Corporation, POSCO, Acerinox S.A., Sandvik AB, Aperam S.A., and Ta Chen International, Inc.