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Ferritic Stainless Steel-Global Market Insights and Sales Trends 2025
Synopsis
Ferritic stainless steel is a type of stainless steel alloy characterized by its high chromium content and the presence of little to no nickel. It offers good corrosion resistance and is often used in applications where formability and weldability are important.
The global Ferritic Stainless Steel market size is expected to reach US$ 666.9 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Ferritic Stainless Steel in various end use industries. The expanding demands from the Construction, Automotive, Shipbuilding and Machinery, are propelling Ferritic Stainless Steel market. Type 409, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Type 430 segment is estimated at % CAGR for the next seven-year period.
Ferritic stainless steel is commonly used in automotive exhaust systems, kitchen appliances, and architectural applications. The market for these alloys remains stable, with a focus on improving their corrosion resistance and mechanical properties.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Ferritic Stainless Steel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Ferritic Stainless Steel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Ferritic Stainless Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Ferritic Stainless Steel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Ferritic Stainless Steel covered in this report include Acerinox, Aperam, Thyssen Krupp, Pohang Iron & Steel(Posco), Ta Chen International, Jindal Stainless, Allegheny Flat Rolled Products, North American Stainless and AK Steel, etc.
The global Ferritic Stainless Steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Ferritic Stainless Steel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Ferritic Stainless Steel market, Segment by Type:
Type 409
Type 430
Type 434
Others
Global Ferritic Stainless Steel market, by Application
Construction
Automotive
Shipbuilding
Machinery
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Ferritic Stainless Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Ferritic Stainless Steel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Ferritic stainless steel is a type of stainless steel alloy characterized by its high chromium content and the presence of little to no nickel. It offers good corrosion resistance and is often used in applications where formability and weldability are important.
The global Ferritic Stainless Steel market size is expected to reach US$ 666.9 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Ferritic Stainless Steel in various end use industries. The expanding demands from the Construction, Automotive, Shipbuilding and Machinery, are propelling Ferritic Stainless Steel market. Type 409, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Type 430 segment is estimated at % CAGR for the next seven-year period.
Ferritic stainless steel is commonly used in automotive exhaust systems, kitchen appliances, and architectural applications. The market for these alloys remains stable, with a focus on improving their corrosion resistance and mechanical properties.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Ferritic Stainless Steel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Ferritic Stainless Steel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Ferritic Stainless Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Ferritic Stainless Steel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Ferritic Stainless Steel covered in this report include Acerinox, Aperam, Thyssen Krupp, Pohang Iron & Steel(Posco), Ta Chen International, Jindal Stainless, Allegheny Flat Rolled Products, North American Stainless and AK Steel, etc.
The global Ferritic Stainless Steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Ferritic Stainless Steel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Ferritic Stainless Steel market, Segment by Type:
Type 409
Type 430
Type 434
Others
Global Ferritic Stainless Steel market, by Application
Construction
Automotive
Shipbuilding
Machinery
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Ferritic Stainless Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Ferritic Stainless Steel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Ferritic Stainless Steel Market Overview
1.1 Ferritic Stainless Steel Product Overview
1.2 Ferritic Stainless Steel Market Segment by Type
1.2.1 Type 409
1.2.2 Type 430
1.2.3 Type 434
1.2.4 Others
1.3 Global Ferritic Stainless Steel Market Size by Type
1.3.1 Global Ferritic Stainless Steel Market Size Overview by Type (2018-2029)
1.3.2 Global Ferritic Stainless Steel Historic Market Size Review by Type (2018-2023)
1.3.3 Global Ferritic Stainless Steel Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Ferritic Stainless Steel Sales Breakdown by Type (2018-2023)
1.4.2 Europe Ferritic Stainless Steel Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Ferritic Stainless Steel Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Ferritic Stainless Steel Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Ferritic Stainless Steel Sales Breakdown by Type (2018-2023)
2 Global Ferritic Stainless Steel Market Competition by Company
2.1 Global Top Players by Ferritic Stainless Steel Sales (2018-2023)
2.2 Global Top Players by Ferritic Stainless Steel Revenue (2018-2023)
2.3 Global Top Players by Ferritic Stainless Steel Price (2018-2023)
2.4 Global Top Manufacturers Ferritic Stainless Steel Manufacturing Base Distribution, Sales Area, Product Type
2.5 Ferritic Stainless Steel Market Competitive Situation and Trends
2.5.1 Ferritic Stainless Steel Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Ferritic Stainless Steel Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Ferritic Stainless Steel as of 2022)
2.7 Date of Key Manufacturers Enter into Ferritic Stainless Steel Market
2.8 Key Manufacturers Ferritic Stainless Steel Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Ferritic Stainless Steel Status and Outlook by Region
3.1 Global Ferritic Stainless Steel Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Ferritic Stainless Steel Historic Market Size by Region
3.2.1 Global Ferritic Stainless Steel Sales in Volume by Region (2018-2023)
3.2.2 Global Ferritic Stainless Steel Sales in Value by Region (2018-2023)
3.2.3 Global Ferritic Stainless Steel Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Ferritic Stainless Steel Forecasted Market Size by Region
3.3.1 Global Ferritic Stainless Steel Sales in Volume by Region (2024-2029)
3.3.2 Global Ferritic Stainless Steel Sales in Value by Region (2024-2029)
3.3.3 Global Ferritic Stainless Steel Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Ferritic Stainless Steel by Application
4.1 Ferritic Stainless Steel Market Segment by Application
4.1.1 Construction
4.1.2 Automotive
4.1.3 Shipbuilding
4.1.4 Machinery
4.2 Global Ferritic Stainless Steel Market Size by Application
4.2.1 Global Ferritic Stainless Steel Market Size Overview by Application (2018-2029)
4.2.2 Global Ferritic Stainless Steel Historic Market Size Review by Application (2018-2023)
4.2.3 Global Ferritic Stainless Steel Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Ferritic Stainless Steel Sales Breakdown by Application (2018-2023)
4.3.2 Europe Ferritic Stainless Steel Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Ferritic Stainless Steel Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Ferritic Stainless Steel Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Ferritic Stainless Steel Sales Breakdown by Application (2018-2023)
5 North America Ferritic Stainless Steel by Country
5.1 North America Ferritic Stainless Steel Historic Market Size by Country
5.1.1 North America Ferritic Stainless Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Ferritic Stainless Steel Sales in Volume by Country (2018-2023)
5.1.3 North America Ferritic Stainless Steel Sales in Value by Country (2018-2023)
5.2 North America Ferritic Stainless Steel Forecasted Market Size by Country
5.2.1 North America Ferritic Stainless Steel Sales in Volume by Country (2024-2029)
5.2.2 North America Ferritic Stainless Steel Sales in Value by Country (2024-2029)
6 Europe Ferritic Stainless Steel by Country
6.1 Europe Ferritic Stainless Steel Historic Market Size by Country
6.1.1 Europe Ferritic Stainless Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Ferritic Stainless Steel Sales in Volume by Country (2018-2023)
6.1.3 Europe Ferritic Stainless Steel Sales in Value by Country (2018-2023)
6.2 Europe Ferritic Stainless Steel Forecasted Market Size by Country
6.2.1 Europe Ferritic Stainless Steel Sales in Volume by Country (2024-2029)
6.2.2 Europe Ferritic Stainless Steel Sales in Value by Country (2024-2029)
7 Asia-Pacific Ferritic Stainless Steel by Region
7.1 Asia-Pacific Ferritic Stainless Steel Historic Market Size by Region
7.1.1 Asia-Pacific Ferritic Stainless Steel Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Ferritic Stainless Steel Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Ferritic Stainless Steel Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Ferritic Stainless Steel Forecasted Market Size by Region
7.2.1 Asia-Pacific Ferritic Stainless Steel Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Ferritic Stainless Steel Sales in Value by Region (2024-2029)
8 Latin America Ferritic Stainless Steel by Country
8.1 Latin America Ferritic Stainless Steel Historic Market Size by Country
8.1.1 Latin America Ferritic Stainless Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Ferritic Stainless Steel Sales in Volume by Country (2018-2023)
8.1.3 Latin America Ferritic Stainless Steel Sales in Value by Country (2018-2023)
8.2 Latin America Ferritic Stainless Steel Forecasted Market Size by Country
8.2.1 Latin America Ferritic Stainless Steel Sales in Volume by Country (2024-2029)
8.2.2 Latin America Ferritic Stainless Steel Sales in Value by Country (2024-2029)
9 Middle East and Africa Ferritic Stainless Steel by Country
9.1 Middle East and Africa Ferritic Stainless Steel Historic Market Size by Country
9.1.1 Middle East and Africa Ferritic Stainless Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Ferritic Stainless Steel Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Ferritic Stainless Steel Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Ferritic Stainless Steel Forecasted Market Size by Country
9.2.1 Middle East and Africa Ferritic Stainless Steel Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Ferritic Stainless Steel Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Acerinox
10.1.1 Acerinox Company Information
10.1.2 Acerinox Introduction and Business Overview
10.1.3 Acerinox Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Acerinox Ferritic Stainless Steel Products Offered
10.1.5 Acerinox Recent Development
10.2 Aperam
10.2.1 Aperam Company Information
10.2.2 Aperam Introduction and Business Overview
10.2.3 Aperam Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Aperam Ferritic Stainless Steel Products Offered
10.2.5 Aperam Recent Development
10.3 Thyssen Krupp
10.3.1 Thyssen Krupp Company Information
10.3.2 Thyssen Krupp Introduction and Business Overview
10.3.3 Thyssen Krupp Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Thyssen Krupp Ferritic Stainless Steel Products Offered
10.3.5 Thyssen Krupp Recent Development
10.4 Pohang Iron & Steel(Posco)
10.4.1 Pohang Iron & Steel(Posco) Company Information
10.4.2 Pohang Iron & Steel(Posco) Introduction and Business Overview
10.4.3 Pohang Iron & Steel(Posco) Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Pohang Iron & Steel(Posco) Ferritic Stainless Steel Products Offered
10.4.5 Pohang Iron & Steel(Posco) Recent Development
10.5 Ta Chen International
10.5.1 Ta Chen International Company Information
10.5.2 Ta Chen International Introduction and Business Overview
10.5.3 Ta Chen International Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Ta Chen International Ferritic Stainless Steel Products Offered
10.5.5 Ta Chen International Recent Development
10.6 Jindal Stainless
10.6.1 Jindal Stainless Company Information
10.6.2 Jindal Stainless Introduction and Business Overview
10.6.3 Jindal Stainless Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Jindal Stainless Ferritic Stainless Steel Products Offered
10.6.5 Jindal Stainless Recent Development
10.7 Allegheny Flat Rolled Products
10.7.1 Allegheny Flat Rolled Products Company Information
10.7.2 Allegheny Flat Rolled Products Introduction and Business Overview
10.7.3 Allegheny Flat Rolled Products Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Allegheny Flat Rolled Products Ferritic Stainless Steel Products Offered
10.7.5 Allegheny Flat Rolled Products Recent Development
10.8 North American Stainless
10.8.1 North American Stainless Company Information
10.8.2 North American Stainless Introduction and Business Overview
10.8.3 North American Stainless Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.8.4 North American Stainless Ferritic Stainless Steel Products Offered
10.8.5 North American Stainless Recent Development
10.9 AK Steel
10.9.1 AK Steel Company Information
10.9.2 AK Steel Introduction and Business Overview
10.9.3 AK Steel Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.9.4 AK Steel Ferritic Stainless Steel Products Offered
10.9.5 AK Steel Recent Development
10.10 Outokumpu Europe
10.10.1 Outokumpu Europe Company Information
10.10.2 Outokumpu Europe Introduction and Business Overview
10.10.3 Outokumpu Europe Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Outokumpu Europe Ferritic Stainless Steel Products Offered
10.10.5 Outokumpu Europe Recent Development
10.11 Outokumpu USA
10.11.1 Outokumpu USA Company Information
10.11.2 Outokumpu USA Introduction and Business Overview
10.11.3 Outokumpu USA Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Outokumpu USA Ferritic Stainless Steel Products Offered
10.11.5 Outokumpu USA Recent Development
10.12 Mexinox
10.12.1 Mexinox Company Information
10.12.2 Mexinox Introduction and Business Overview
10.12.3 Mexinox Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Mexinox Ferritic Stainless Steel Products Offered
10.12.5 Mexinox Recent Development
10.13 Shree Khodal Industrial Engineering Company
10.13.1 Shree Khodal Industrial Engineering Company Company Information
10.13.2 Shree Khodal Industrial Engineering Company Introduction and Business Overview
10.13.3 Shree Khodal Industrial Engineering Company Ferritic Stainless Steel Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Shree Khodal Industrial Engineering Company Ferritic Stainless Steel Products Offered
10.13.5 Shree Khodal Industrial Engineering Company Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Ferritic Stainless Steel Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Ferritic Stainless Steel Industrial Chain Analysis
11.4 Ferritic Stainless Steel Market Dynamics
11.4.1 Ferritic Stainless Steel Industry Trends
11.4.2 Ferritic Stainless Steel Market Drivers
11.4.3 Ferritic Stainless Steel Market Challenges
11.4.4 Ferritic Stainless Steel Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Ferritic Stainless Steel Distributors
12.3 Ferritic Stainless Steel Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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