What is Stainless Steel Foil Market Scope?
The foil is a very thin sheet made up using metals. Whereas, stainless steel foil is made up using stainless steel. There are various benefits associated with stainless steel foil such as low cost as compared to aluminum foil, availability of the raw material and others. Stainless steel foil offers toughness and lightweight metal packaging solution is growing the market. Additionally, stainless steel foil provides a better fit for desired applications as it can be easily trimmed, perforated or pressed and rising demand food and pharmaceutical industry as stainless steel foils can be simply converted into alloys are the factors that have been supplementing overall growth of the market. However, the availability of closer alternative such as aluminum foil in the operation market and lack of awareness and lower production of aluminum foil is limiting factors for the market.
The Stainless Steel Foil market study is being classified by Type (Austenitic Stainless Steel, Ferritic Stainless Steel, Martensitic Stainless Steel and Duplex Stainless Steel), by Application (Void Filling, Cornering, Insulation, Blocking & Bracing and Others) and major geographies with country level break-up.
The global stainless steel foil market was highly concentrated to very few players including Nippon Steel, Olin Brass, Ulbrich Stainless, A.J. Oster, LLC, Meru Impex, Bhandari Group and few others. Thus the market was showing strategic monopoly in the moderately competitive environment. However, with respect to minimal initial investments in stainless steel foil manufacturing has favored the number of new entrants to gain market share from the local market.The Vendors having a strong hold in the market are Nippon Steel, Olin Brass, Ulbrich Stainless, A.J. Oster, LLC, Meru Impex, Bhandari Group. Analysts at AMA predicts that Vendors from United States, Japanese and Indian will contribute to the maximum growth of Global Stainless Steel Foil market throughout the predicted period.
Nippon Steel & Sumitomo Metal Corporation (Japan), Olin Brass (United States), Ulbrich Stainless Steels & Special Metals, Inc. (United States), A.J. Oster, LLC (United States), Meru Impex (India), Bhandari Group (India), Riddhi Siddhi Impex (India), IUP Jindal Metals & Alloys Ltd. (India), Hollinbrow Precision Products (UK) Ltd. (United Kingdom) and Rikazai Co., Ltd. (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are ArcelorMittal (Luxembourg) and Bhandari FoilsTubes Ltd. (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Stainless Steel Foil market by Type, Application and Region.
On the basis of geography, the market of Stainless Steel Foil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On November 2017, Global Brass and Copper Holdings had Acquired Alumet in approximately USD 42 million cash. The main aim of the acquisition is to expand the product portfolio which ultimately increases the overall revenue of the company.
Influencing Market Trend
- Rising Trend of using Stainless Steel Foil for Automotive Trimming and Foodservice Equipment
Market Drivers
- Increasing Demand for Tough and Lightweight Metal Packaging Solution
- Upsurge Demand due to Stainless Steel Foil Provides a Better Fit for Desired Applications as It can be Easily Trimmed, Perforated or Pressed
Opportunities
- Rising Demand Food and Pharmaceutical Industry as Stainless Steel Foils can Be Simply Converted into Alloys
- Sustain Higher Temperature with Ultra High Vacuum as Compared to Closer Alternatives such as Aluminum Foil
Restraints
- Availability of Closer Alternative such as Aluminum Foil in the Operation Market
Challenges
- Lack of Awareness and lower Production of Aluminum Foil
- Intense Competition among Established Players
Key Target Audience
Stainless Steel Foil Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Investors, Private Research Organization, Government Associations and Agencies and Others
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