Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1610003
PUBLISHER: Grand View Research | PRODUCT CODE: 1610003
U.S. And Mexico Stainless Steel Market Size, Share & Trends Analysis Report By Grade (300 Series, Duplex Series), By Product (Flat, Long), By Application (Consumer Goods), By Country, And Segment Forecasts, 2025 - 2030
PUBLISHED:
PAGES: 100 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
U.S. And Mexico Stainless Steel Market Growth & Trends:
The U.S. and Mexico stainless steel market size is anticipated to reach USD 20.63 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 9.2% from 2025 to 2030. Increasing product usage for consumer appliance manufacturing coupled with rising demand from building & construction industry is the primary factor driving the market growth. Stainless steel has several advantageous properties over other materials, such as high cryogenic toughness, corrosion resistance, ductility, attractive appearance, and high strength & hardness. Therefore, it has numerous applications in consumer goods, automotive, aerospace, marine, electronics, industrial machinery, and building & construction industries. Automotive & transportation sector is projected to witness a moderate growth owing to slowdown in automotive production in U.S.
However, stringent emission policies have forced automakers to improve the fuel efficiency of vehicles, which is likely to influence the product demand. To comply with the government regulations, manufacturers are now focusing on reducing the vehicle weight using lightweight materials, such as stainless steel, plastic, and aluminum. Furthermore, the rising trade tensions between U.S. and China and imposition of anti-dumping tariffs against Chinese imports in May 2018 are likely to provide lucrative growth opportunity to domestic vendors. Owing to the imposition of high tariffs, the overall imports of stainless steel into the country observed a decline of 16% from 2017 to 2018.
Building & construction industry in the region is also likely to provide opportunities for the industry growth. According to the U.S. Census Bureau, the total construction spending (nonresidential and residential) in 2018 increased by 3.7% as compared to the previous year and reached USD 1,293.9 billion. Mexico automotive industry is estimated to be a key driver for the market growth. According to International Organization of Motor Vehicle Manufacturers (OICA), the Mexican automotive production, including passenger cars and commercial vehicles, was 3,565 thousand units in 2014 and it reached 4,100 thousand units in 2018. Due to continuous increase in production of vehicles, the product demand is anticipated to increase over the coming years.
U.S. And Mexico Stainless Steel Market Report Highlights:
- 300 series grade dominated the market and accounted for the largest revenue share of 59.1% in 2024. This growth is attributed to its exceptional corrosion resistance and mechanical properties.
- The duplex series grade is expected to grow at a CAGR of 13.3% over the forecast period, owing to its unique strength and corrosion resistance combination.
- The flat product segment led the market and accounted for the largest revenue share of 70.8% in 2024, driven by the rising demand from the construction and automotive industries.
- The consumer goods applications held the dominant position in the market, with the largest revenue share of 37.9% in 2024.
- The stainless steel market in the U.S. held the dominant position and accounted for the largest revenue share of 75.0% in 2024, driven by significant investments in infrastructure and construction.
- Mexico stainless steel market is expected to grow at a CAGR of 8.5% over the forecast period, owing to rising industrial activities across multiple sectors, including automotive, construction, and manufacturing.
Product Code: GVR-4-68038-860-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. U.S. & Mexico Stainless Steel Market Variables, Trends & Scope
- 3.1. U.S. & Mexico Stainless Steel Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Average Price Trend Analysis
- 3.4. Supply-Demand GAP Analysis, 2024
- 3.5. Regulatory Framework
- 3.5.1. Policies and Incentive Plans
- 3.5.2. Standards and Compliances
- 3.5.3. Regulatory Impact Analysis
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Supplier Power
- 3.7.2. Buyer Power
- 3.7.3. Substitution Threat
- 3.7.4. Threat from New Entrant
- 3.7.5. Competitive Rivalry
- 3.8. PESTEL Analysis
- 3.8.1. Political Landscape
- 3.8.2. Economic Landscape
- 3.8.3. Social Landscape
- 3.8.4. Technological Landscape
- 3.8.5. Environmental Landscape
- 3.8.6. Legal Landscape
Chapter 4. U.S. & Mexico Stainless Steel Market: Grade Outlook Estimates & Forecasts
- 4.1. U.S. & Mexico Stainless Steel Market: Grade Movement Analysis, 2024 & 2030
- 4.1.1. 300 series
- 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.2. 400 series
- 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3. 200 series
- 4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.4. Duplex series
- 4.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.5. Others
- 4.1.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.1. 300 series
Chapter 5. U.S. & Mexico Stainless Steel Market: Product Outlook Estimates & Forecasts
- 5.1. U.S. & Mexico Stainless Steel Market: Product Movement Analysis, 2024 & 2030
- 5.1.1. Flat Products
- 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2. Long Products
- 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.1. Flat Products
Chapter 6. U.S. & Mexico Stainless Steel Market: Application Outlook Estimates & Forecasts
- 6.1. U.S. & Mexico Stainless Steel Market: Application Movement Analysis, 2024 & 2030
- 6.1.1. Consumer Goods
- 6.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.1.2. Mechanical Engineering & Heavy Industries
- 6.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.1.3. Automotive & Transportation
- 6.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.1.4. Building & Construction
- 6.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.1.5. Others
- 6.1.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.1.1. Consumer Goods
Chapter 7. U.S. & Mexico Stainless Steel Market Country Outlook Estimates & Forecasts
- 7.1. Country Snapshot
- 7.2. U.S. & Mexico Stainless Steel Market: Country Movement Analysis, 2024 & 2030
- 7.3. U.S.
- 7.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.2. Market Estimates and Forecast, by Grade, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.3. Market Estimates and Forecast, by Product, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.4. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million) (Kilotons)
- 7.4. Mexico
- 7.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.2. Market Estimates and Forecast, by Grade, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.3. Market Estimates and Forecast, by Product, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.4. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Vendor Landscape
- 8.2.1. Company categorization
- 8.2.2. List of Key Distributors and Channel Partners
- 8.2.3. List of Potential Customers/End Users
- 8.3. Competitive Dynamics
- 8.3.1. Competitive Benchmarking
- 8.3.2. Strategy Mapping
- 8.3.3. Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. ATI
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. POSCO
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Outokumpu
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Aperam Stainless
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. North American Stainless (NAS)
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Continental Steel & Tube Company
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Universal Stainless
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Plymouth Tube Company USA
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Electralloy
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. AK Steel International BV
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. ArcelorMittal
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Product Benchmarking
- 8.4.11.4. Strategic Initiatives
- 8.4.1. ATI
Product Code: GVR-4-68038-860-2
List of Tables
- Table 1. List of Abbreviations
- Table 2. U.S. & Mexico Stainless Steel Market Estimates and Forecasts, By Grade, 2018 - 2030 (USD Million) (Kilotons)
- Table 3. 300 series Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 4. 400 series Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 5. 200 series Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 6. Duplex series Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 7. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 8. U.S. & Mexico Stainless Steel Market Estimates and Forecasts, By Product, 2018 - 2030 (USD Million) (Kilotons)
- Table 9. Flat Products Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 10. Long Products Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 11. U.S. & Mexico Stainless Steel Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million) (Kilotons)
- Table 12. Consumer Goods Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 13. Mechanical Engineering & Heavy Industries Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 14. Automotive & Transportation Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 15. Building & Construction Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 16. Others Market Estimates and Forecasts
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Market Snapshot
- Fig. 6 Segmental Outlook- Grade, Product, and Application
- Fig. 7 Competitive Outlook
- Fig. 8 Value Chain Analysis
- Fig. 9 Market Dynamics
- Fig. 10 Porter's Analysis
- Fig. 11 PESTEL Analysis
- Fig. 12 U.S. & Mexico Stainless Steel Market, By Grade: Key Takeaways
- Fig. 13 U.S. & Mexico Stainless Steel Market, By Grade: Market Share, 2024 & 2030
- Fig. 14 U.S. & Mexico Stainless Steel Market, By Product: Key Takeaways
- Fig. 15 U.S. & Mexico Stainless Steel Market, By Product: Market Share, 2024 & 2030
- Fig. 16 U.S. & Mexico Stainless Steel Market, By Application: Key Takeaways
- Fig. 17 U.S. & Mexico Stainless Steel Market, By Application: Market Share, 2024 & 2030
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.