Global Stainless Steel Face Market Overview:
The global stainless steel market is already flourishing and expects a high share of sales from CAGR. In addition, the increasing demand for stainless steel surfaces is likely to drive market growth, as stainless steel is corrosion-resistant, has high toughness and ductility, and is low-maintenance. The above properties of this stainless steel surface have led to increased use of the product, which in turn should boost product demand in the years to come. In addition, the recent outbreak of the COVID-19 pandemic is likely to play an important role in face protection in the country. Many manufacturers in the country have ramped up production to meet a sudden surge in face protection demand.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Acerinox S.A. (Spain), Aperam Stainless (Luxembourg), ArcelorMittal (Luxembourg), Baosteel Group (China), Jindal Stainless (India), Nippon Steel Corporation (Japan) and ThyssenKrupp Stainless GmbH (German) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Strict regulations regarding health and safety at work are expected to drive the introduction of face protection during the forecast period. Health and safety regulations play an important role in the stainless face industry
Roadblocks
- Concerns about glare or fogging that can lead to aerosol ingress as the face is not better sealed. The novel coronavirus pandemic has forced healthcare facilities like hospitals to expand their infection control measures, which is expected to fuel demand for face shields over the forecast period
Opportunities
- It is Expected that the Company’s Health and Safety Guidelines Prescribed by the Agency Will Cover Fuel Needs for Face Protection
- The Increasing COVID 19 Outbreak Also Presents a Better Chance for These Stainless Steel Surfaces in Various Manufacturing Industries
Challenges
- Stringent Regulations for Using Stainless Steel Face
- High Cost Associated with These Face Shields
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Acerinox S.A. (Spain), Aperam Stainless (Luxembourg), ArcelorMittal (Luxembourg), Baosteel Group (China), Jindal Stainless (India), Nippon Steel Corporation (Japan) and ThyssenKrupp Stainless GmbH (German). Additionally, following companies can also be profiled that are part of our coverage like Outokumpu (Finland) and POSCO (South Korea). Analyst at AMA Research see Global Vendors to retain maximum share of Global Stainless Steel Face market by 2027. Considering Market by Grade Outlook , the sub-segment i.e. 200 series will boost the Stainless Steel Face market. Considering Market by Stainless Steel Type , the sub-segment i.e. Austenitic will boost the Stainless Steel Face market.
The introduction of OSHA’s Bloodborne Pathogens Standard 1910.1-030 along with a recent outbreak of severe airborne infectious diseases such as Covid-19, Avian Influenza, and Severe Acute Respiratory Syndrome [SARS] have resulted in increased adoption of the product in different types of manufacturing industries.
What Can be Explored with the Stainless Steel Face Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Stainless Steel Face Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Stainless Steel Face
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Stainless Steel Face market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Stainless Steel Face market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Stainless Steel Face, Suppliers of Stainless Steel Face, Wholesalers, Distributors and Retailers of Stainless Steel Face and Governmental bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.