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The second most common austenitic stainless steel is Type 316. The addition of 2% molybdenum provides greater resistance to acids and localized corrosion caused by chloride ions.
Market Analysis and Insights: Global 316 Stainless Steel Market
Due to the COVID-19 pandemic, the global 316 Stainless Steel market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, 316 accounting for % of the 316 Stainless Steel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Food Processing Equipment segment is altered to an % CAGR throughout this forecast period.
China 316 Stainless Steel market size is valued at US$ million in 2021, while the US and Europe 316 Stainless Steel are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe 316 Stainless Steel landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of 316 Stainless Steel include thyssenkrupp, Arcelor, POSCO, YUSCO, Acerinox, Nippon Steel Corp., Fortune Hold Group, AK Steel and Penn Stainless, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the 316 Stainless Steel capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of 316 Stainless Steel by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global 316 Stainless Steel Scope and Segment
316 Stainless Steel market is segmented by Type and by Application. Players, stakeholders, and other participants in the global 316 Stainless Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
316
316L
316H
Segment by Application
Food Processing Equipment
Laboratory Equipment
Architectural Panelling
Chemical Containers
Industrial Equipment
By Company
thyssenkrupp
Arcelor
POSCO
YUSCO
Acerinox
Nippon Steel Corp.
Fortune Hold Group
AK Steel
Penn Stainless
Sandmeyer Steel
Rolled Metal Products
NKS
Atlas Steels
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Market Analysis and Insights: Global 316 Stainless Steel Market
Due to the COVID-19 pandemic, the global 316 Stainless Steel market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, 316 accounting for % of the 316 Stainless Steel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Food Processing Equipment segment is altered to an % CAGR throughout this forecast period.
China 316 Stainless Steel market size is valued at US$ million in 2021, while the US and Europe 316 Stainless Steel are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe 316 Stainless Steel landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of 316 Stainless Steel include thyssenkrupp, Arcelor, POSCO, YUSCO, Acerinox, Nippon Steel Corp., Fortune Hold Group, AK Steel and Penn Stainless, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the 316 Stainless Steel capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of 316 Stainless Steel by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global 316 Stainless Steel Scope and Segment
316 Stainless Steel market is segmented by Type and by Application. Players, stakeholders, and other participants in the global 316 Stainless Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
316
316L
316H
Segment by Application
Food Processing Equipment
Laboratory Equipment
Architectural Panelling
Chemical Containers
Industrial Equipment
By Company
thyssenkrupp
Arcelor
POSCO
YUSCO
Acerinox
Nippon Steel Corp.
Fortune Hold Group
AK Steel
Penn Stainless
Sandmeyer Steel
Rolled Metal Products
NKS
Atlas Steels
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
