In its latest report, Future Market Insights (FMI) estimates the India stainless industry size to reach USD 17,452.5 million in 2024. Rapid industrialization and expansion of automotive sector will provide additional thrust to the industry, with sales set to surge at 6.2% CAGR.
Total stainless steel revenue in India is forecast to reach USD 31,905.2 million by 2034, indicating over 1.8X growth. Booming construction and automotive sectors will improve India’s stainless steel industry share through 2034. Key players can capitalize on emerging opportunities by offering high-quality stainless steel at lower prices.
| Attributes | Key Insights |
|---|---|
| Base Value in 2023 | USD 16,486.7 million |
| India Stainless Steel Industry Value in 2024 | USD 17,452.5 million |
| Predicted Stainless Steel Industry Revenue in India (2034) | USD 31,905.2 million |
| Value-based CAGR (2024 to 2034) | 6.2% |
| Collective Value Share: Top 5 States (2024E) | 43.2% |
Revenue to Grow Over 1.8X through 2034
As per the latest analysis, stainless steel revenue in India is forecast to grow by 1.8X through 2034, amid a 1.8% surge in predicted CAGR compared to the historical one. This is attributable to rising stainless steel usage across diverse industries, including automotive and construction.
Stainless steel consumption in India will also rise because of robust industrialization, growing authorities’ expenditure for infrastructure improvement, and developing city populace. By 2034, the total revenue in India is set to reach USD 31,905.2 million.
West India to Remain the Hotbed for Stainless Steel Manufacturers
As per the latest analysis, West India remains the prominent consumer of stainless steel. It is set to hold around 43.0% of the India stainless steel industry share in 2034. This is attributed to the following factors:
Proximity to Raw Materials: States like Gujarat and Maharashtra in West India are strategically located near major ports and have access to abundant resources like iron ore and nickel, essential for stainless steel production. This proximity minimizes transportation costs and ensures a steady supply chain, providing a competitive advantage to manufacturers in the region.
Growing Industrial Infrastructure: West India boasts robust industrial infrastructure, including Special Economic Zones (SEZs), industrial parks, and manufacturing clusters. Cities like Ahmedabad, Surat, and Mumbai are home to numerous stainless steel plants benefiting from skilled labor, supportive government policies, and investment-friendly environments, fueling growth and innovation in the sector.
Presence of Diverse End-user Industries: The region hosts a diverse range of end-user industries, including automotive, petrochemicals, construction, and pharmaceuticals, all of which require stainless steel for various applications. This diverse industrial base creates a sustained demand for stainless steel products, driving continuous growth and investment in manufacturing facilities in West India.
Export Opportunities: West India's proximity to major ports like Mundra, Nhava Sheva, and Kandla facilitates export opportunities, enabling stainless steel manufacturers to access international markets efficiently. This strategic advantage, coupled with the region's well-developed transportation infrastructure, positions West India as a key player in the global stainless steel trade.
Austenitic Stainless Steel Remains Top-selling Type in India
Austenitic stainless steel has become widely used in India, holding a volume share of about 72.7% in 2024. This can be attributed to its versatility, flexibility, cost-effectiveness, and other advantages.
Austenitic stainless steel can be easily formed into sheets, increasing its application spectrum. Its welding ability also helps in diversifying its application portfolios, from any shape and design without sacrificing structural integrity. This makes it suitable for various manufacturing processes such as forging, machining, and fabrication.
Austenitic stainless steel shows good strength and toughness even at high temperatures. This is making it an ideal choice for heat-sensitive uses, such as air filters in industries, industrial furnaces, and aerospace spare parts. Similarly, the high corrosion-resistant properties of this stainless steel type enhance its popularity.
India’s growing manufacturing and infrastructure sectors are key factors boosting growth of the stainless steel industry. Stainless steel is commonly used in the manufacture of building materials, roofing, textiles, and furniture because of its durability, corrosion resistance, and aesthetic properties.
Stainless steel also finds application in the chemical, oil, gas, food processing and pharmaceutical industries due to its thermal and corrosion resistance. Thus, rapid industrial growth across India will continue to propel demand for stainless steel products.
Indian government has launched initiatives like 'Make in India' as well as infrastructure projects, including the Smart Cities Mission. These initiatives and projects are set to positively influence stainless steel manufacturing in India.
India is also developing as a primary player in stainless-steel exports due to its low manufacturing and lower costs. On the other hand, fluctuation in raw material prices could restrain India's stainless steel industry growth.
Sales of stainless steel in India increased at a CAGR of 4.4% between 2019 and 2023. Total revenue reached about USD 16,486.7 million in 2023. From 2024 to 2034, India’s stainless steel demand is set to grow at a CAGR of 6.2%.
| Historical CAGR (2019 to 2023) | 4.4% |
|---|---|
| Forecast CAGR (2024 to 2034) | 6.2% |
High penetration of industrialization is acting as a catalyst triggering growth of India stainless steel industry. This is because stainless steel is widely used in the industrial sector for making different parts, components, and equipment.
Robust expansion of automotive industry is set to create lucrative growth opportunities for stainless steel manufacturers in India. Subsequently, growing popularity of stainless steel kitchenware due to its hygiene, aesthetic appeal, and durability will boost stainless steel fabrication industry in India.
Growing Demand from Automotive and Transportation Sector
The automotive and transportation industry is witnessing high adoption of stainless steel due to its exceptional properties. Stainless steel’s corrosion resistance, tensile strength, durability and aesthetics are encouraging in motors’ parts and structural components.
Stainless steel is widely used for exhaust systems, catalytic converters, gas tanks, brake strains, chassis or frames and body panels within the vehicle industry. They are very precious in exhaust structures as they operate at high temperatures and come into contact with corroding gasses.
The high electricity-to-weight ratio of stainless steel allows lighter vehicles to be designed without sacrificing protection or performance. Similarly, stainless steel is selected for luxurious car decorative trims, including grilles and indoor accents, because of its esthetic enchantment and long-lasting look.
Stainless steel is also used in rail tracks, bridges, and rolling inventory in the transportation domain. This is due to its corrosion resistance and structural stability. Thus, rising stainless steel applications in the automotive and transportation sectors will fuel sales growth.
Booming Building & Construction Sector
A significant demand for stainless steel arises from the constructing and construction industry. Its resistance to corrosion, sturdiness, aesthetics, and eco-friendliness have made it a famous choice of architects and engineers for various construction tasks.
Stainless steel is used in beams, columns, and reinforcing bars in the construction industry. The fact that stainless steel has an excessive electricity-to-weight ratio and does not rust makes it a very good material for making the structural components of both residential houses and commercial buildings.
Stainless steel is also commonly used in architectural applications like façades, cladding, and roofing. Its aesthetic appeal, versatility, and capacity to resist harsh climatic situations make it suitable for architectural designs.
Rising Demand from Industrial Machinery and Components
Another key factor fueling stainless steel demand is its rising usage in industrial machinery and components. Because of its strength, resistance to corrosion, thermal balance, and adaptability, stainless steel is becoming ideal for manufacturing industrial equipment and components.
Many commercial equipment and tooling components, such as cutting gear, dies, molds, and punches, are crafted from stainless steel. Because of its hardness, toughness, and resistance to wear, stainless steel is a superb material for machining, stamping, and forming operations.
Supply Disruptions and Massive Fluctuation in Steel Prices
The disruption in supply channels and significant price fluctuations are the major constraints faced by the stainless steel industry. Differences in demand dynamics, excess inventory caused by broadened production, and greater economic uncertainty are often the causes of these fluctuations.
The table below highlights key states’ stainless steel industry revenues. Maharashtra, Tamil Nadu, and Uttar Pradesh are set to remain the top three consumers of stainless steel, with valuations of USD 2433.4 million, USD 1399.3 million, and USD 1241.3 million, respectively, in 2034.
| States | Stainless Steel Industry Revenue (2034) |
|---|---|
| Maharashtra | USD 2433.4 million |
| Tamil Nadu | USD 1399.3 million |
| Uttar Pradesh | USD 1241.3 million |
| Karnataka | USD 1209.8 million |
| Haryana | USD 991.7 million |
| Gujrat | USD 842.3 million |
The table below shows the estimated growth rates of the top five countries. Goa, Punjab, and Rajasthan are set to record high CAGRs of 7.7%, 7.4%, and 7.4%, respectively, through 2034.
| States | Stainless Steel Industry CAGR (2024 to 2034) |
|---|---|
| Goa | 7.7% |
| Punjab | 7.4% |
| Rajasthan | 7.4% |
| Karnataka | 7.2% |
| Telangana | 6.9% |
| Haryana | 6.8% |
FMI’s new report estimates the Maharashtra stainless steel industry size to reach USD 2433.4 million by 2034. Demand for stainless steel in Maharashtra is set to rise at 6.1% CAGR between 2024 and 2034.
Maharashtra is the industrial hub of India with production industries such as aerospace, engineering, and automotive witnessing strong growth. This, in turn, is uplifting stainless steel demand in the state as these industries often use stainless steel for different purposes.
With its massive coastline, Maharashtra is home to vital ports, including Ratnagiri Port, Jawaharlal Nehru Port (Nhava Sheva), and Mumbai Port. Due to this key location, the state can import raw materials, and export completed stainless-steel merchandise greater profitably, thereby assisting the expansion of the stainless-steel sector.
Many well-known manufacturers of stainless steel, like Mukand Limited and Jindal Stainless, are based totally in Maharashtra. Through innovation, product diversification, and industry penetration, these companies help Maharashtra hold its dominance in India.
Favorable government support is also playing a key role in enhancing the stainless steel industry share of Maharashtra. The state government is launching various initiatives, such as 'Make in Maharashtra', prompting stainless steel manufacturers to establish their business in the state.
Sales of stainless steel in Tamil Nadu are forecast to soar at a CAGR of around 5.5%, resulting in a valuation of USD 1399.3 million by 2034. This can be attributed to expansion of industries like automotive and construction in the states.
Leading automakers like Hyundai, Ford, and Renault-Nissan are primarily based in Tamil Nadu, a huge hub for automotive production in India. This expansion of auto sector is positively impacting sales of stainless steel as it is widely used for making body panels, gasoline tanks, and exhaust structures.
Infrastructure in Tamil Nadu is growing quickly, creating demand for various stainless steel-based products. Because stainless steel is robust, shiny, and corrosion-resistant, it is often utilized in infrastructure projects, including strength plant life, bridges, and railroad stations.
The section below shows the austenitic stainless steel segment dominating the stainless steel sector in India. It is forecast to record a CAGR of 6.1% between 2024 and 2034, prompting stainless steel manufacturers to invest in this product type to succeed.
| Top Segment (Type) | Austenitic Stainless Steel |
|---|---|
| CAGR (2024 to 2034) | 6.1% |
Despite availability of different stainless steel types, end users mostly prefer austenitic stainless steel, with its usage set to increase at 6.1% CAGR. This can be attributed to its versatility, high corrosion resistance, and other properties. It will generate revenue of about USD 8,589 million by 2034.
Austenitic stainless steel is more immune to corrosion than other types. This makes it ideal to be used in harsh conditions like the ones found within the metal processing, chemical, and maritime sectors.
Austenitic stainless steel is effortlessly fabricated right into different shapes and designs due to its terrific formability, weldability, and ductility. Because of its adaptability, it can be utilized in a number of sectors, including automobile and domestic home equipment.
Austenitic chrome steel is appropriate for applications requiring thermal stability, including warmness exchangers, cryogenic tanks, and excessive-temperature equipment. This is because it keeps its mechanical features at low and high temperatures.
The smooth surface finish of austenitic stainless steel makes it easy to clean and maintain, meeting stringent hygiene requirements in industries like pharmaceuticals, healthcare, and food processing. Hence, it is forecast to hold a significant volume share of 72.9% in 2024.
The Indian stainless steel industry displays a noticeable dualistic pattern, as major players secure a substantial share, estimated at around 55% to 53%. Key industry frontrunners such as Arcelor Mittal, Jindal Stainless Limited, and Nippon Steel Corporation significantly influence the industry dynamics.
A considerable share ranging from 40% to 45% is distributed among other participants. This underscores a diverse terrain characterized by emerging contenders and specialized niche players.
Key manufacturers of stainless steel in India are investing in research and development for product innovation and development in the technology. They are concentrating on producing high-grade stainless steel with extra corrosion resistance and other enhanced features.
Well-structured and efficient supply chain networks, acquisitions, partnerships, and collaborations with other companies are other growth strategies employed by players. They are also making long-term agreements with the distributors and traders to maintain and increase revenue.
Recent Developments in India's Stainless Steel Industry
| Attribute | Details |
|---|---|
| Industry Value in 2024 | USD 17,452.5 million |
| Industry Size in 2034 | USD 31,905.2 million |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | Value (USD million) and Volume (million tons) |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Key Segments Covered | Type, Form, Grade, End-use |
| Key Countries Covered | India |
| Key Companies Profiled | Arcelor Mittal; Nippon Steel Corporation; Baosteel Group Corporation.; Baowu Steel Group Corporation Limited; JFE Steel Corporation; Jindal Stainless Limited; Tata Steel Limited; Posco International; Steel Authority of India Limited; JSW Steel Limited; Mangalam Worldwide Limited; Mishra Dhatu Nigam Limited; Mittal Corp Limited; Mukand Limited; Outokumpu India Pvt Ltd; Panchmahal Steel Ltd; Shah Alloys Ltd; Shyam Sel & Power Limited; Star Wire (India) Limited; Sunflag Iron & Steel Co Ltd; Synergy Steels Limited; Vikas Hitech Castings; Welspun Specialty Solutions Ltd; DeTech Pumps Works; Ambica Steels Limited; Viraj Profiles Limited; Hisar Metal Industries Limited; BRG Group; Ratnamani Metals & Tubes Ltd.; Rimjhim Stainless Ltd.; Adhunik Metalliks; Panchmahal Steels, Ltd.; Avtar Steel Ltd.; Laxcon Steels Limited |
Table 01: North Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Country, 2019 to 2034
Table 02: South Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Country, 2019 to 2034
Table 03: East Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Country, 2019 to 2034
Table 04: West Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Country, 2019 to 2034
Table 05: Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Type, 2019 to 2034
Table 06: Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Form, 2019 to 2034
Table 07: Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Grade, 2019 to 2034
Table 08: Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By End Use, 2019 to 2034
Table 09: Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Region, 2019 to 2034
Table 10: North Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Type, 2019 to 2034
Table 11: North Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Form, 2019 to 2034
Table 12: North Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Grade, 2019 to 2034
Table 13: North Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By End Use, 2019 to 2034
Table 14: South Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Type, 2019 to 2034
Table 15: South Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Form, 2019 to 2034
Table 16: South Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Grade, 2019 to 2034
Table 17: South Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By End Use, 2019 to 2034
Table 18: East Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Type, 2019 to 2034
Table 19: East Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Form, 2019 to 2034
Table 20: East Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Grade, 2019 to 2034
Table 21: East Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By End Use, 2019 to 2034
Table 22: West Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Type, 2019 to 2034
Table 23: West Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Form, 2019 to 2034
Table 24: West Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By Grade, 2019 to 2034
Table 25: West Industry Size (US$ million) and Volume (Tons) Analysis and Forecast By End Use, 2019 to 2034
Figure 01: Industry Historical Volume (KT), 2019 to 2023
Figure 02: Industry Current and Forecast ( Volume), 2024 to 2034
Figure 03: Historical Industry Size (US$ million) 2019 to 2023
Figure 04: Value (US$ million) Forecast, 2024 to 2034
Figure 05: Absolute $ Opportunity, 2019 to 2024 to 2034
Figure 06: Industry Share and BPS Analysis By Type, 2024 to 2034
Figure 07: Industry Y-o-Y Growth Projections By Type, 2024 to 2034
Figure 08: Industry Attractiveness Analysis By Type, 2024 to 2034
Figure 09: Industry Absolute $ Opportunity by Austenitic Stainless Steel Segment, 2019 to 2034
Figure 10: Industry Absolute $ Opportunity by Ferritic Stainless Steel Segment, 2019 to 2034
Figure 11: Industry Absolute $ Opportunity by Duplex Stainless Steel Segment, 2019 to 2034
Figure 12: Industry Absolute $ Opportunity by Martensitic Stainless Steel Segment, 2019 to 2034
Figure 13: Industry Absolute $ Opportunity by Precipitation Hardening Stainless Steel Segment, 2019 to 2034
Figure 14: Industry Share and BPS Analysis By Form, 2024 to 2034
Figure 15: Industry Y-o-Y Growth Projections By Form, 2024 to 2034
Figure 16: Industry Attractiveness Analysis By Form, 2024 to 2034
Figure 17: Industry Absolute $ Opportunity by Flat Products Segment, 2019 to 2034
Figure 18: Industry Absolute $ Opportunity by Long Products Segment, 2019 to 2034
Figure 19: Industry Share and BPS Analysis By Grade, 2024 to 2034
Figure 20: Industry Y-o-Y Growth Projections By Grade, 2024 to 2034
Figure 21: Industry Attractiveness Analysis By Grade, 2024 to 2034
Figure 22: Industry Absolute $ Opportunity by 200 Series Segment, 2019 to 2034
Figure 23: Industry Absolute $ Opportunity by 300 Series Segment, 2019 to 2034
Figure 24: Industry Absolute $ Opportunity by 400 Series Segment, 2019 to 2034
Figure 25: Industry Absolute $ Opportunity by Other Grades Segment, 2019 to 2034
Figure 26: Industry Share and BPS Analysis By End Use, 2024 to 2034
Figure 27: Industry Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 28: Industry Attractiveness Analysis By End Use, 2024 to 2034
Figure 29: Industry Absolute $ Opportunity by Building and Construction Segment, 2019 to 2034
Figure 30: Industry Absolute $ Opportunity by Industrial Machinery and Components Segment, 2019 to 2034
Figure 31: Industry Absolute $ Opportunity by Automotive and Transportation Segment, 2019 to 2034
Figure 32: Industry Absolute $ Opportunity by Consumer Goods Segment, 2019 to 2034
Figure 33: Industry Absolute $ Opportunity by Medical and Surgical Tools Segment, 2019 to 2034
Figure 34: Industry Absolute $ Opportunity by Aerospace and Defense Segment, 2019 to 2034
Figure 35: Industry Absolute $ Opportunity by Marine Segment, 2019 to 2034
Figure 36: Industry Absolute $ Opportunity by Oil and Gas Segment, 2019 to 2034
Figure 37: Industry Absolute $ Opportunity by Other End Uses Segment, 2019 to 2034
Figure 38: Industry Share and BPS Analysis By Region, 2024 to 2034
Figure 39: Industry Y-o-Y Growth Projections By Region, 2024 to 2034
Figure 40: Industry Attractiveness Analysis By Region, 2024 to 2034
Figure 41: Industry Absolute $ Opportunity by North India Segment, 2019 to 2034
Figure 42: Industry Absolute $ Opportunity by South India Segment, 2019 to 2034
Figure 43: Industry Absolute $ Opportunity by East India Segment, 2019 to 2034
Figure 44: Industry Absolute $ Opportunity by West India Segment, 2019 to 2034
Figure 45: North Industry Share and BPS Analysis By Country, 2024 to 2034
Figure 46: North Industry Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 47: North Industry Attractiveness Analysis By Country, 2024 to 2034
Figure 48: North Industry Share and BPS Analysis By Type, 2024 to 2034
Figure 49: North Industry Y-o-Y Growth Projections By Type, 2024 to 2034
Figure 50: North Industry Attractiveness Analysis By Type, 2024 to 2034
Figure 51: North Industry Share and BPS Analysis By Form, 2024 to 2034
Figure 52: North Industry Y-o-Y Growth Projections By Form, 2024 to 2034
Figure 53: North Industry Attractiveness Analysis By Form, 2024 to 2034
Figure 54: North Industry Share and BPS Analysis By Grade, 2024 to 2034
Figure 55: North Industry Y-o-Y Growth Projections By Grade, 2024 to 2034
Figure 56: North Industry Attractiveness Analysis By Grade, 2024 to 2034
Figure 57: North Industry Share and BPS Analysis By End Use, 2024 to 2034
Figure 58: North Industry Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 59: North Industry Attractiveness Analysis By End Use, 2024 to 2034
Figure 60: South Industry Share and BPS Analysis By Country, 2024 to 2034
Figure 61: South Industry Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 62: South Industry Attractiveness Analysis By Country, 2024 to 2034
Figure 63: South Industry Share and BPS Analysis By Type, 2024 to 2034
Figure 64: South Industry Y-o-Y Growth Projections By Type, 2024 to 2034
Figure 65: South Industry Attractiveness Analysis By Type, 2024 to 2034
Figure 66: South Industry Share and BPS Analysis By Form, 2024 to 2034
Figure 67: South Industry Y-o-Y Growth Projections By Form, 2024 to 2034
Figure 68: South Industry Attractiveness Analysis By Form, 2024 to 2034
Figure 69: South Industry Share and BPS Analysis By Grade, 2024 to 2034
Figure 70: South Industry Y-o-Y Growth Projections By Grade, 2024 to 2034
Figure 71: South Industry Attractiveness Analysis By Grade, 2024 to 2034
Figure 72: South Industry Share and BPS Analysis By End Use, 2024 to 2034
Figure 73: South Industry Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 74: South Industry Attractiveness Analysis By End Use, 2024 to 2034
Figure 75: East Industry Share and BPS Analysis By Country, 2024 to 2034
Figure 76: East Industry Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 77: East Industry Attractiveness Analysis By Country, 2024 to 2034
Figure 78: East Industry Share and BPS Analysis By Type, 2024 to 2034
Figure 79: East Industry Y-o-Y Growth Projections By Type, 2024 to 2034
Figure 80: East Industry Attractiveness Analysis By Type, 2024 to 2034
Figure 81: East Industry Share and BPS Analysis By Form, 2024 to 2034
Figure 82: East Industry Y-o-Y Growth Projections By Form, 2024 to 2034
Figure 83: East Industry Attractiveness Analysis By Form, 2024 to 2034
Figure 84: East Industry Share and BPS Analysis By Grade, 2024 to 2034
Figure 85: East Industry Y-o-Y Growth Projections By Grade, 2024 to 2034
Figure 86: East Industry Attractiveness Analysis By Grade, 2024 to 2034
Figure 87: East Industry Share and BPS Analysis By End Use, 2024 to 2034
Figure 88: East Industry Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 89: East Industry Attractiveness Analysis By End Use, 2024 to 2034
Figure 90: West Industry Share and BPS Analysis By Country, 2024 to 2034
Figure 91: West Industry Y-o-Y Growth Projections By Country, 2024 to 2034
Figure 92: West Industry Attractiveness Analysis By Country, 2024 to 2034
Figure 93: West Industry Share and BPS Analysis By Type, 2024 to 2034
Figure 94: West Industry Y-o-Y Growth Projections By Type, 2024 to 2034
Figure 95: West Industry Attractiveness Analysis By Type, 2024 to 2034
Figure 96: West Industry Share and BPS Analysis By Form, 2024 to 2034
Figure 97: West Industry Y-o-Y Growth Projections By Form, 2024 to 2034
Figure 98: West Industry Attractiveness Analysis By Form, 2024 to 2034
Figure 99: West Industry Share and BPS Analysis By Grade, 2024 to 2034
Figure 100: West Industry Y-o-Y Growth Projections By Grade, 2024 to 2034
Figure 101: West Industry Attractiveness Analysis By Grade, 2024 to 2034
Figure 102: West Industry Share and BPS Analysis By End Use, 2024 to 2034
Figure 103: West Industry Y-o-Y Growth Projections By End Use, 2024 to 2034
Figure 104: West Industry Attractiveness Analysis By End Use, 2024 to 2034
India stainless steel industry size is set to reach USD 17,452.5 million in 2024.
Stainless steel demand in India is predicted to rise at 6.2% CAGR through 2034.
India stainless steel industry value is set to reach USD 31,905.2 million by 2034.
Jindal Stainless Limited.
India stainless steel industry recorded a CAGR of 4.4% from 2019 to 2023.
Stainless steel of Arcelor Mittal, Jindal Stainless Limited, and Tata Steel Limited is popular.
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Stainless Steel Industry Analysis in India
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