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India Stainless Steel Market, Forecast and Opportunities_FY2016-2026

Developing manufacturing sector, rising demand from transportation and railway industry along with support from government initiatives to drive India Stainless Steel Market through FY2026 . https://bit.ly/3yhdR9R

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India Stainless Steel Market, Forecast and Opportunities_FY2016-2026

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  1. Published: December 2020 Published: March 2021 Published: April 2021 Published: February 2021 2015 – 2025 2015 – 2025 2016 – 2026 FY2016 – FY2026 QATAR MEDIUM VOLTAGE INDIA STAINLESS STEEL MARKET SUBSTATION MARKET- FORECAST & FORECAST AND OPPORTUNITIES OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING 1

  2. Ta b l e o f C o n t e n t s S. No. Contents 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on India Stainless Steel Market 4. Executive Summary 5. Voice of Customer 5.1. Brand Awareness and Brand Recall 5.2. Satisfaction Level 5.3. Factors Considered While Selecting a Supplier 6. India Stainless Steel Market Overview 7. India Stainless Steel Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Grade (200 series, 300 series, 400 series, Duplex, Others) 7.2.2. By Product (Flat and Long) By Application (Consumer Goods, Building and Construction, Automotive and Transportation, Heavy Industry, Others) 7.2.3. 7.2.5. By Region (North, West, East, South) 7.2.6. By Company (FY2020) 7.3. Product Market Map 8. North India Stainless Steel Market Outlook 8.1. Market Size & Forecast 8.1.1 By Value 2 2 © TechSci Research

  3. Ta b l e o f C o n t e n t s S. No. Contents 8.2. Market Share & Forecast 8.2.1. By Grade 8.2.2. By Product Type 8.2.3. By Application 9. West India Stainless Steel Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast By Grade 9.2.1. By Product Type 9.2.2. By Application 9.2.3. 10. South India Stainless Steel Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast By Grade 10.2.1. By Product Type 10.2.2. By Application 10.2.3. 11. East India Stainless Steel Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value 3 3 © TechSci Research

  4. Ta b l e o f C o n t e n t s S. No. Contents 11.2. Market Share & Forecast By Grade 11.2.1. By Product Type 11.2.2. By Application 11.2.3. 12. Market Dynamics 13.1. Drivers 13.2. Challenges 13. Market Trends and Developments 14. Import and Export Analysis 15. Value Chain Analysis 16. Policy and Regulatory Landscape 17. India Economic Profile 18. Competitive Landscape 18.1. Jindal Stainless Steel Limited 18.2. Jindal Stainless (Hisar) Limited 18.3. Viraj Profiles Limited 18.4. Shah Alloys Limited 18.5. Shyam Ferro Alloys Limited 18.6. Steel Authority of India Limited 18.7. Tata Steel Limited 18.8. Ambica Steels Limited 4 4 © TechSci Research

  5. Ta b l e o f C o n t e n t s S. No. Contents Page No. 18.9. Visa Steel Limited 18.10. Laxcon Steels Limited 19. Strategic Recommendations 20. About Us & Disclaimer 5 5 © TechSci Research

  6. Product Overview

  7. Product Overview Scope of Interest: Stainless Steel Stainless steel is a group of iron-based alloys that contain a minimum of approximately 11% chromium, a composition that prevents the iron from rusting and, in some cases, nickel and other metals. Different types of stainless steel include the elements carbon, nitrogen, aluminium, silicon, sulphur, titanium, nickel, copper, selenium, niobium and molybdenum. Market Segmentation BY GRADE BY APPLICATION 200 series • STAINLESS STEEL MARKET STAINLESS STEEL MARKET Consumer Goods • Year Range 300 series • Building and Construction • 400 series • Automotive and • Duplex • Review Period Transportation Others • FY2016 – FY2019 Heavy Industry • Others • Base Year BY PRODUCT FY2020 BY REGION Flat • Estimated Year Long North • • South FY2021 • East • Forecast Period West • FY2022 – FY2026 7 7 © TechSci Research

  8. Research Methodology

  9. Research Methodology Data Data Analysis Market Profiling Data Collection Formulating Questionnaire Developing List of Respondents Validation In-depth secondary research was conducted to determine top players, overall market size and segmental market size in India stainless steel market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India stainless steel market. TechSci conducted interviews with industry experts and industry players for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. List of industry players and industry specialists was developed. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Data Filter & Analysis Data Collection Research & Intelligence Actionable Insights Business Solution ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources ✓ ✓ ✓ ✓ ✓ ✓ LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Factiva Hoovers ✓ ✓ ✓ ✓ 9 9 © TechSci Research

  10. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the India stainless steel market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the India stainless steel market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year FY2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the India stainless steel market to obtain the overall market size during FY2016-FY2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for FY2016-FY2020. 10 10 © TechSci Research

  11. Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by grade, by product, by application, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and manufacturer wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated based on data collected through secondary research and responses received from other stakeholders specific to each segment. Methodology Followed for Calculation of Market Shares: Market shares by grade, by product, by application, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading distribution transformers players. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the India stainless steel market. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. 11 11 © TechSci Research

  12. Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the India stainless steel market, TechSci Research used various forecast techniques such as: Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis o TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Jindal Stainless Steel Limited, Jindal Stainless (Hisar) Limited, Viraj Profiles Limited, Shah Partial List of Companies Interviewed Alloys Limited, Shyam Ferro Alloys Limited, Steel Authority of India Limited, Tata Steel Limited, Ambica Steels Limited, Visa Steel Limited, Laxcon Steels Limited Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Partial List of Secondary Sources Websites, TechSci Research Proprietary Database & Knowledge Repository, etc. *Note: (a) The data given for any year represents the market during the period i.e. 1stApril of the previous year to 31st March of that year. eg: For 2021E, the data represents the period, 1stApril 2020 to 31stMarch 2021. (b) Sum of some shares may not be 100% due to round off till two decimal places. 12 12 © TechSci Research

  13. Industry Brief According to TechSci Research report, “India Stainless Steel Market By Grade (200 Series, 300 Series, 400 Series, Duplex Series and others), By Product (Flat and Long), By Application (Consumer Goods, Building and Construction, Automotive and Transportation, Heavy Industry and Others), By Region, Competition, Forecast & Opportunities, FY2026”, India Stainless Steel Market was valued at USD9.67 billion in FY2020 and is projected to grow at a CAGR of around 6.87% during FY2021 – FY2026 predominantly due to increased demand from consumer goods and construction sector. The growth of the Stainless Steel Market is mainly due to the growing construction activities and urbanization in India. Moreover, growing advancements in automotive and railways sector is further bolstering the growth of the India Stainless Steel Market. In terms of grade, the India Stainless Steel Market is categorized into 200 series, 300 series, 400 series and duplex series. Among these, the 200 series grade category accounted for majority in the India Stainless Steel Market in 2020 and it is anticipated to remain as the largest category throughout the forecast period as well. The growth of the category is majorly attributed to the fact that 200 series stainless steel is less expensive as compared to the other grades and used extensively in consumer goods. However, the higher grade (300 and 400 series) stainless steel is expected to grow at a faster rate than the 200 series grade owing to the increased demand from building, construction and transportation sector. Also, the high grade stainless steel is suitable even in unfavourable conditions, such as high pressure, high temperature, corrosive environment, etc. Based on the application of stainless steel the market will be dominated by the consumer goods sector owing to the rising urbanisation and increasing household income. Based on region, the market will see anticipated growth in Northern region of the country and will be the leader with majority of market share during the forecasted period due to increasing investment in the construction as well as high population growth in the region. Jindal Stainless Steel Limited, Jindal Stainless (Hisar) Limited, Viraj Profiles Limited, Shah Alloys Limited, Shyam Ferro Alloys Limited, Steel Authority of India Limited, Tata Steel Limited, Ambica Steels Limited., Visa Steel limited, Laxcon Steels Limited., and others are some of the leading players operating in India Stainless Steel Market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. “India Stainless Steel Market is anticipated to grow at a steady pace during the forecast period. However, the market saw a decline in production due to lockdowns imposed, but the factors such as growing construction sector and urbanization, demand from automotive and railways sector, and increased demand for consumer durables in India among others are anticipated to boost the stainless steel market across the country over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 13 13 © TechSci Research

  14. Sample Data - Snapshot India Stainless Steel Market Size, By Value (USD Million), 2016-2026F CAGR 2021E-2026F By Value: xx% CAGR 2016-2020 By Value: xx% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Value (USD Million) South India Stainless Steel Market Share, By Grade, By Value, 2016-2026F 2016 50.00% 20.00% 15.00% 10.00% 5.00% 2017 50.00% 20.00% 15.00% 10.00% 5.00% 2018 50.00% 20.00% 15.00% 10.00% 5.00% 2019 50.00% 20.00% 15.00% 10.00% 5.00% 2020 50.00% 20.00% 15.00% 10.00% 5.00% 2021E 50.00% 20.00% 15.00% 10.00% 5.00% 2022F 50.00% 20.00% 15.00% 10.00% 5.00% 2023F 50.00% 20.00% 15.00% 10.00% 5.00% 2024F 50.00% 20.00% 15.00% 10.00% 5.00% 2025F 50.00% 20.00% 15.00% 10.00% 5.00% 2026F 50.00% 20.00% 15.00% 10.00% 5.00% 200 series 300 series 400 series Duplex series Others East India Stainless Steel Market Share, By Product, By Value, 2016-2026F 2016 40.00% 60.00% 2017 40.00% 60.00% 2018 40.00% 60.00% 2019 40.00% 60.00% 2020 40.00% 60.00% 2021E 40.00% 60.00% 2022F 40.00% 60.00% 2023F 40.00% 60.00% 2024F 40.00% 60.00% 2025F 40.00% 60.00% 2026F 40.00% 60.00% Flat Long 14 14 © TechSci Research

  15. Report Ordering Report Name: INDIA STAINLESS STEEL MARKET FORECAST AND OPPORTUNITIES FY2016 – FY2026 Report Price License Type Price Electronic Access - Single User License $2950 Electronic Access - Multi-User License $3750 Custom Research License $7500 To View Sample OR Purchase Report 15 15 © TechSci Research

  16. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports India Steel Market, Competition Forecast and Opportunities, 2017-2027 India Ready Mix Concrete Market, Forecast and Opportunities, 2017-2027 • • India White Putty Market, Competition Forecast and Opportunities, 2017-2027 • India White Cement Market, Competition Forecast and Opportunities, 2017-2027 • Global Gypsum Board Market, Forecast and Opportunities, 2026 • India Cement Market , Competition Forecast and Opportunities, 2017-2027 • India Gypsum Plaster Market, Competition Forecast and Opportunities, 2017-2027 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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