Product Introduction:

  • Stainless steel foil is a thin sheet of metal. Stainless steel foils are available in every grade including austenitic, ferritic, martensitic, and duplex stainless steel.
  • Stainless steel foils are primarily manufactured from austenitic grade with 304 and 316 series. The 304 and 316 series is highly preferred for the manufacture of stainless steel foil owing to the balanced alloy combination with chromium, nickel, carbon, and other metals. The composition of metal alloys provides excellent mechanical properties to stainless steel foils

Width < 100mm Product Segment to Dominate Stainless Steel Foil Market:

  • Based on product, the global stainless steel foil market has been segmented into width < 100mm, width 100 mm - 500 mm, and width > 500mm. The width < 100mm segment accounts for significant share of the market, as it is widely used in various electronic applications. Furthermore, width < 100mm product of stainless steel foil offers good thermal conductivity and chemical resistance properties in electrical & electronics applications.
  • As a result, it provides superior durability compared to other metal and metal alloys. Width 100mm - 500mm segment constituted key share after the width < 100mm segment in 2018. Width 100 mm - 500 mm stainless steel foil is widely used in automotive applications owing to its highly compatible length to manufacture metal catalytic substrates

Electrical & Electronics End-use Industry to Lead Stainless Steel Foil Market:

global stainless steel foil market 2
  • Stainless steel foil is employed in a wide range of end-use industries such as electrical & electronics, automotive, energy & power, oil & gas, and others (including pharmaceutical and packaging). Electrical & electronics was the major application segment of the global stainless steel foil market in 2018. Stainless steel foil is used in the manufacture of springs for hard disk drives. This is expected to propel the demand for stainless steel foil during the forecast period
  • Stainless steel foil is also employed in mobile components and part products. Rise in demand for mobile phones across the world is also a prominent factor anticipated to drive the demand for stainless steel foil between 2019 and 2027

Presence of Strong Substitute Aluminum May Hamper Overall Demand For Stainless Steel Foil:

  • Aluminum is considered a strong substitute for stainless steel foil owing to its similar thermal and anti-corrosive properties. The aluminum foil industry has been expanding across the globe owing to the rise in usage of aluminum foils in packaging applications. This is anticipated to hamper the overall demand for stainless steel foil during the forecast period

Automotive End-use Industry to Offer Future Opportunities:

  • Automotive segment is anticipated to expand at a significant pace due to the increase in demand for catalytic converters in vehicle exhaust systems to reduce carbon footprints. Furthermore, rapid expansion in the global energy & power industry, owing to the rise in usage of smart technologies including laptops, tablets, and smartphones, is estimated to drive the demand for stainless steel foil during the forecast period
  • Energy & power was an important segment accounted for with more than 20% share of the global stainless steel foil market in 2018. It is likely to expand at a significant pace between 2019 and 2027. After energy & power, automotive contributed major share for global stainless steel foil market in 2018
  • Most of the leading electronic companies have increased the usage of stainless steel foils in smartphones, computers, and other devices. This is projected to drive the stainless steel foil market during the forecast period

Asia Pacific to Dominate Stainless Steel Foil Market:

  • Based on region, Asia Pacific constituted more than 56% value share of the global stainless steel foil market in 2018. China is one of the leading exporters of foils across the globe. It is the leading manufacturing hub for finished stainless steel foil products. Expansion of the solar industry across China owing to the rise in need for renewable energy is anticipated to drive the stainless steel foil market in China between 2019 and 2027
global stainless steel foil market
  • Asia Pacific is estimated to maintain its dominance in the global market throughout the forecast period, led by the increase in demand for stainless steel foil in automotive, electronics, energy & power and solar industries. The market in Europe and North America is expected to expand at a rapid pace, while that in Latin America and Middle East & Africa is anticipated to expand at a sluggish pace between 2019 and 2027

Competition Landscape:

  • Global stainless steel foil market is highly fragmented with the presence of large number of regional and local players. Manufacturers are focusing on expanding their production capacities to produce and excellent grade stainless steel foil
  • Prominent players operating in the market are
    • Nippon Steel & Sumitomo Metal Corporation
    • Olin Brass
    • Ulbrich Stainless Steels & Special Metals, Inc.
    • J. Oster
    • Nisshin Steel Co. Ltd.
    • Meru Impex, Bhandari Group
    • Riddhi Siddhi Impex
    • IUP Jindal Metals & Alloys Ltd.
    • Hollinbrow Precision Products (UK) Ltd.
    • Rikazai Co., Ltd.
  • In December 2018, Ulbrich Stainless Steels & Special Metals, Inc. expanded its manufacturing capacity by opening a new production facility in Ontario, Canada

Introduction:

  • The report analyzes and forecasts the stainless steel foil market at global and regional levels. The market has been forecast based on volume (kilo tons) and value (US$ Mn) from 2019 to 2027
  • The study includes drivers and restraints of the global It covers the impact of these drivers and restraints on the demand for stainless steel foil during the forecast period
  • The report also highlights opportunities in the stainless steel foil at the global level

Market Dynamics:

  • The report comprises a detailed value chain analysis, which provides a comprehensive view of the global stainless steel foil. Porter’s Five Forces model has also been included to help understand the competitive landscape of the market
  • The study encompasses market attractiveness analysis, wherein various end-uses of stainless steel foil have been benchmarked based on their market size, growth rate, and general attractiveness

Market Segmentation:

  • The study provides a decisive view of the global stainless steel foil by segmenting it in terms of product and end-use. These segments have been analyzed based on present and future trends
  • The regional segmentation includes the current and projected demand for stainless steel foil in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • The report also covers the demand for stainless steel foil for different product and end-use segment across all regions

Competitive Landscape:

  • The section covers detailed competitive matrix, company market share, and company profiles of the key players operating in the stainless steel foil.
  • These players include: Nippon Steel & Sumitomo Metal Corporation, Olin Brass, Ulbrich Stainless Steels & Special Metals, Inc., A.J. Oster, Nisshin Steel Co. Ltd., Meru Impex, Bhandari Group, Riddhi Siddhi Impex, IUP Jindal Metals & Alloys Ltd., Hollinbrow Precision Products (UK), and Rikazai Co., Ltd.
  • These companies have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments
  • The key active players in the market are engaged in expansion, merger & acquisition, and contract in order maintain their market share in the stainless steel foil. For instance, in December 2018, Ulbrich Stainless Steels & Special Metals, Inc. expanded its manufacturing capacity by opening a new production facility in Ontario, Canada.

Research Methodology:

  • In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research
  • Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding
  • Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

Global Stainless Steel Foil, by Product

  • Width < 100mm
  • Width 100mm – 500mm
  • Width > 500mm

Global Stainless Steel Foil, by End-use

  • Electrical & Electronics
  • Automotive
  • Energy & Power
  • Oil & Gas
  • Others

 Global Stainless Steel Foil, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Key Takeaways

  • Extensive analysis of the stainless steel foil trends and shares from 2018 to 2027 to identify growth opportunities and analyze market developments
  • List of key developments made by major players in the stainless steel foil
  • List of key factors that are useful for building a roadmap of upcoming growth opportunities for the stainless steel foil  at global, regional, and country levels
  • Insights into growth opportunities for various stakeholders in the value chain and a detailed competition landscape of major players to help understand the market competition level
  • Porter’s Five Forces analysis that highlights the potency of buyers and suppliers, and enables stakeholders to make profit-oriented business decisions
.