[250 Pages Report] The global stainless steel foil market size is expected to reach US$ 6.3 Billion in 2022 and US$ 10.4 Billion in 2032. It is likely to exhibit growth at a CAGR of 6.2% in the forecast period from 2022 to 2032. The rising need to enhance the dimensional stability that often prevents contamination of steel tool parts during heat treatment is expected to drive the sales of stainless steel foil in future years.
| Report Attribute | Details |
|---|---|
| Stainless Steel Foil Market Estimated Base Year Value (2021) | US$ 5.9 Billion |
| Stainless Steel Foil Market Expected Market Value (2022) | US$ 6.3 Billion |
| Stainless Steel Foil Market Anticipated Forecast Value (2032) | US$ 10.4 Billion |
| Stainless Steel Foil Market Projected Growth Rate (2022 to 2032) | 6.2% CAGR |
Stainless steel is referred to as a type of corrosion-resistant alloy of nickel, aluminum, iron, and other metals. As it is highly recyclable, it is commonly known as the green material.
Stainless steel foils are known for their inert and environmentally neutral nature. Their longevity helps to meet the needs of sustainable construction. These also do not leach compounds that can change their composition when they come in contact with various elements, such as water.
Some of the additional applications of stainless steel foils include X-ray imaging, shielding for high vacuum processes, turbine engines, and heating elements. The surging demand for corrosion resistant metal packaging in several industries worldwide is expected to augur well for the stainless steel foil market size.
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The increasing demand for tough yet lightweight metal packaging solutions worldwide is likely to propel the stainless steel foil market growth in future years. These foils are nowadays converted into alloys for their extensive usage in the pharmaceutical, food, and dairy industries.
Companies can easily trim, press, or perforate these foils as per their requirements to deliver a better fit for numerous applications. These can also be mixed with additives, such as nickel and chromium to increase their durability, as well as strength.
The ability of these foils to withstand high temperature, as compared to aluminum foils is another significant factor that is estimated to fuel the growth. These also have Ultra-High Vacuum (UHV) compatibility and are thus gaining traction in the global market.
The high prices of raw materials are anticipated to surge the cost of production in the evaluation period. Trade wars and declining production in manufacturing industries owing to the COVID-19 pandemic that occurred in December 2019 may also hinder the demand for stainless steel foils in the upcoming years.
However, the market is set to gradually get back to normalcy with increasing investments by government bodies in research and development activities.
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North America is anticipated to remain at the forefront in the forthcoming years by procuring the largest stainless steel foil market share. The ever-increasing usage of these foils in the aerospace and automotive industries in the U.S. and Canada is set to drive the regional market.
As per the U.S. Department of Transportation, in 2019, around 10,893 vehicles were produced in the country, while nearly 13,677 vehicles were sold the same year. These numbers are projected to grow at a steady pace in future years, thereby propelling the North America market.
The ongoing technological development and the emergence of state-of-the-art technologies, such as flame cutting, water jets, and laser are projected to augment the Asia Pacific stainless steel foil market growth in the assessment period. The entry of cutting-edge machinery for sheet metal manufacturing in India and China is another vital factor that is estimated to augur well for the regional market.
The rapid industrialization and modernization of existing machinery in various end-use industries is also set to spur the growth in Asia Pacific. In addition to that, the rising focus of key players on the expansion of their production capacities to enhance the quality of their products is projected to accelerate the growth.
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Some of the leading companies present in the global stainless steel foil market include AK Steel Corporation, ArcelorMittal, Nisshin Steel Co., Ltd., Tata Steel Limited, Ulbrich Stainless Steels & Special Metals, Inc., Reliance Foundry Co. Ltd., Jindal Stainless Ltd., A.J. Oster, LLC, Hollinbrow Precision Products (UK) Ltd., and All Foils, Inc. among others.
The global market is highly competitive with the presence of various large-scale companies. Majority of these companies are aiming to strengthen their positions in this market by engaging in mergers, acquisitions, joint ventures, and collaborations. Meanwhile, multiple local and unorganized players are anticipated to enter the market in the near future. They are set to launch new products to cater to the surging consumer demand across the globe.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global stainless steel foil market is expected to surpass US$ 10.4 Billion in 2032.
North America is likely to dominate the stainless steel foil market in the forecast period.
AK Steel Corporation, ArcelorMittal, Nisshin Steel Co., Ltd., Tata Steel Limited, Ulbrich Stainless Steels & Special Metals, Inc., and Reliance Foundry Co. Ltd. are some of the prominent companies in the stainless steel foil market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Impact of Covid-19 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Macro Factors and Forecast Factors 3.4. Value Chain Analysis 3.4.1. Profit Margin Analysis 3.4.2. Raw Material Suppliers 3.4.3. Manufacturers, Wholesalers and Distributors 3.4.4. End Users/ Customers 3.5. Regional Parent Market Outlook 3.6. Production and Consumption Statistics 3.7. Global Average Pricing Analysis Benchmark 4. Global Stainless Steel Foil Market Analysis 2015-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis, 2015-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Thickness 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis by Thickness, 2015-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Analysis and Forecast by Thickness, 2022-2032 5.3.1. Less than 100 mm 5.3.2. 101-500 mm 5.3.3. Above 500 mm 5.4. Y-o-Y Growth Trend Analysis by Thickness, 2015-2021 5.5. Absolute $ Opportunity Analysis by Thickness, 2022-2032 6. Global Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis by Application, 2015-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Analysis and Forecast by Application, 2022-2032 6.3.1. Void Filling 6.3.2. Cornering 6.3.3. Insulation 6.3.4. Blocking & Bracing 6.4. Y-o-Y Growth Trend Analysis by Application, 2015-2021 6.5. Absolute $ Opportunity Analysis by Application, 2022-2032 7. Global Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By End use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis by End use, 2015-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Analysis and Forecast by End use, 2022-2032 7.3.1. Automotive 7.3.2. Electrical & Electronics 7.3.3. Energy & Power 7.3.4. Oil & Gas 7.4. Y-o-Y Growth Trend Analysis by End use, 2015-2021 7.5. Absolute $ Opportunity Analysis by End use, 2022-2032 8. Global Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Region 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis by Region, 2015-2021 8.3. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Analysis and Forecast by Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia 8.3.6. Oceania 8.3.7. Middle East and Africa (MEA) 8.4. Market Attractiveness Analysis, by Region 9. North America Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 9.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Thickness 9.2.3. By Application 9.2.4. By End use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Thickness 9.3.3. By Application 9.3.4. By End use 9.4. Key Takeaways 10. Latin America Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 10.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Argentina 10.2.1.4. Chile 10.2.1.5. Peru 10.2.1.6. Rest of Latin America 10.2.2. By Thickness 10.2.3. By Application 10.2.4. By End use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Thickness 10.3.3. By Application 10.3.4. By End use 10.4. Key Takeaways 11. Europe Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 11.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. U.K. 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Nordic 11.2.1.8. Russia 11.2.1.9. Poland 11.2.1.10. Rest of Europe 11.2.2. By Thickness 11.2.3. By Application 11.2.4. By End use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Thickness 11.3.3. By Application 11.3.4. By End use 11.4. Key Takeaways 12. East Asia Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 12.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Thickness 12.2.3. By Application 12.2.4. By End use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Thickness 12.3.3. By Application 12.3.4. By End use 12.4. Key Takeaways 13. South Asia Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 13.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Thailand 13.2.1.3. Malaysia 13.2.1.4. Indonesia 13.2.1.5. Rest of South Asia 13.2.2. By Thickness 13.2.3. By Application 13.2.4. By End use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Thickness 13.3.3. By Application 13.3.4. By End use 13.4. Key Takeaways 14. Oceania Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 14.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Thickness 14.2.3. By Application 14.2.4. By End use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Thickness 14.3.3. By Application 14.3.4. By End use 14.4. Key Takeaways 15. Middle East & Africa Stainless Steel Foil Market Analysis 2015–2021 and Forecast 2022–2032, By Country 15.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 15.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. Turkey 15.2.1.3. Northern Africa 15.2.1.4. South Africa 15.2.1.5. Rest of MEA 15.2.2. By Thickness 15.2.3. By Application 15.2.4. By End use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Thickness 15.3.3. By Application 15.3.4. By End use 15.4. Key Takeaways 16. Country wise Stainless Steel Foil Market Analysis 16.1. United States (U.S.) 16.1.1. Market Share Analysis, 2022 16.1.2. By Thickness 16.1.3. By Application 16.1.4. By End use 16.2. Canada 16.2.1. Market Share Analysis, 2022 16.2.2. By Thickness 16.2.3. By Application 16.2.4. By End use 16.3. Brazil 16.3.1. Market Share Analysis, 2022 16.3.2. By Thickness 16.3.3. By Application 16.3.4. By End use 16.4. Mexico 16.4.1. Market Share Analysis, 2022 16.4.2. By Thickness 16.4.3. By Application 16.4.4. By End use 16.5. Germany 16.5.1. Market Share Analysis, 2022 16.5.2. By Thickness 16.5.3. By Application 16.5.4. By End use 16.6. Italy 16.6.1. Market Share Analysis, 2022 16.6.2. By Thickness 16.6.3. By Application 16.6.4. By End use 16.7. France 16.7.1. Market Share Analysis, 2022 16.7.2. By Thickness 16.7.3. By Application 16.7.4. By End use 16.8. Spain 16.8.1. Market Share Analysis, 2022 16.8.2. By Thickness 16.8.3. By Application 16.8.4. By End use 16.9. U.K. 16.9.1. Market Share Analysis, 2022 16.9.2. By Thickness 16.9.3. By Application 16.9.4. By End use 16.10. Russia 16.10.1. Market Share Analysis, 2022 16.10.2. By Thickness 16.10.3. By Application 16.10.4. By End use 16.11. China 16.11.1. Market Share Analysis, 2022 16.11.2. By Thickness 16.11.3. By Application 16.11.4. By End use 16.12. Japan 16.12.1. Market Share Analysis, 2022 16.12.2. By Thickness 16.12.3. By Application 16.12.4. By End use 16.13. India 16.13.1. Market Share Analysis, 2022 16.13.2. By Thickness 16.13.3. By Application 16.13.4. By End use 16.14. GCC Countries 16.14.1. Market Share Analysis, 2022 16.14.2. By Thickness 16.14.3. By Application 16.14.4. By End use 16.15. Australia 16.15.1. Market Share Analysis, 2022 16.15.2. By Thickness 16.15.3. By Application 16.15.4. By End use 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Region 17.3.2. By Product Portfolio 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Jainex Steel and Metal 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments (Product/Channel/Region) 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Metalstripsolutions 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments (Product/Channel/Region) 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. NIPPON STEEL CORPORATION 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments (Product/Channel/Region) 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Ted Pella, Inc. 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments (Product/Channel/Region) 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Great Lakes Textiles 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments (Product/Channel/Region) 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. AMETEK Inc. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments (Product/Channel/Region) 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. MTI Corporation 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments (Product/Channel/Region) 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Wieland Rolled Products NA 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments (Product/Channel/Region) 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Ulbrich Stainless Steels and Special Metals Inc. 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments (Product/Channel/Region) 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. MaTecK GmbH 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments (Product/Channel/Region) 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 18.1.11. Unisteels and Engg. Co. Pvt. Ltd. 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments (Product/Channel/Region) 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.11.5.2. Product Strategy 18.1.11.5.3. Channel Strategy 18.1.12. Avocet Steel 18.1.12.1. Overview 18.1.12.2. Product Portfolio 18.1.12.3. Profitability by Market Segments (Product/Channel/Region) 18.1.12.4. Sales Footprint 18.1.12.5. Strategy Overview 18.1.12.5.1. Marketing Strategy 18.1.12.5.2. Product Strategy 18.1.12.5.3. Channel Strategy 19. Assumptions and Acronyms Used 20. Research Methodology
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Stainless Steel Foil Market
