Stainless Steel Round Bar Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Construction, Automotive, Oil & Gas, Marine, Food Processing, Others), By Region and Competition, 2020-2030F

May 2025 | 185 pages | ID: S40BAA574252EN
TechSci Research

Abstracts

Market Overview

The Global Stainless Steel Round Bar Market was valued at USD 18,678.26 million in 2024 and is anticipated treach USD 28,571.60 million by 2030, growing at a CAGR of 2.76% during the forecast period. Stainless steel round bars are integral tvarious industries due ttheir strength, durability, and versatility. They are widely used in structural components, machinery, and tooling applications. The automotive sector employs these bars for key engine parts and exhaust systems, while the construction industry relies on them for reinforcements and frameworks. Their corrosion resistance further enables usage in challenging environments. Market growth is bolstered by expanding industrial activities and infrastructure investments globally. Nevertheless, price volatility in raw materials and macroeconomic uncertainties may hinder progress. Taddress these challenges, manufacturers are emphasizing innovation, forging strategic partnerships, and adopting sustainable practices tmeet changing consumer demands and maintain market competitiveness.

Key Market Drivers

Growth in Automotive Industry

The automotive industry's expansion is a major catalyst for the stainless steel round bar market, driven by the increasing need for durable, high-performance vehicle components. Global car sales rose nearly 10% after a stable 2022, with China's autsector posting 4.5% annual growth and the EU recording over an 11% rise in vehicle production t12.1 million units. As demand escalates due turbanization, technological progress, and consumer preferences, automakers are increasingly selecting stainless steel round bars for components like axles, shafts, fasteners, and valves. Grades such as 304 and 409 are especially valued for their resistance theat and corrosion, making them ideal for exhaust systems. Their capacity twithstand extreme stress and environmental conditions ensures reliability and longer service life, reinforcing their appeal across the automotive industry.

Key Market Challenges

Fluctuating Raw Material Prices

Price volatility in essential raw materials such as nickel, chromium, and molybdenum presents a major obstacle for the stainless steel round bar market. These materials are sensitive tmarket fluctuations driven by geopolitical instability, supply-demand gaps, and speculation, which can significantly affect production costs. Rising raw material costs place pressure on manufacturers’ profit margins and may force price increases that affect competitiveness and demand, particularly in cost-conscious sectors like construction and automotive. This uncertainty complicates budgeting and procurement strategies for both producers and buyers, thereby influencing overall market growth and stability.

Key Market Trends

Rising Demand from Oil & Gas and Marine Sectors

A notable trend shaping the stainless steel round bar market is the increasing demand from the oil & gas and marine sectors. These industries require materials capable of performing in extremely corrosive and high-pressure environments. With global oil demand exceeding 104 million barrels per day, the oil & gas industry remains a vital driver of material demand. Stainless steel round bars are favored for manufacturing critical equipment like valves, pumps, and pipeline components due ttheir mechanical strength and resistance tharsh elements. Similarly, the marine sector's reliance on these materials for shipbuilding and offshore applications is intensifying. As offshore exploration and production efforts continue texpand, stodoes the requirement for high-grade stainless steel round bars that meet stringent safety and performance standards.

Key Market Players

• Viraj Profiles Pvt. Ltd
• Fortran Steel Pvt. Ltd
• Laxcon Steels Limited
• Synergy Steels Ltd
• JAY JAGDAMBA LIMITED
• TuoLian Metal
• QingdaLiange Special Steel Co., Ltd
• Mangalam Alloys Private Limited
• Acerinox SA
• Aamor Inox Ltd

Report Scope

In this report, the Global Stainless Steel Round Bar Market has been segmented intthe following categories, in addition tthe industry trends which have alsbeen detailed below:

• Stainless Steel Round Bar Market, By Sales Channel:
• Direct
• Indirect
• Stainless Steel Round Bar Market, By End Use:
• Construction
• Automotive
• Oil & Gas
• Marine
• Food Processing
• Others
• Stainless Steel Round Bar Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Stainless Steel Round Bar Market.

Available Customizations

Global Stainless Steel Round Bar Market report with the given market data, TechSci Research offers customizations according ta company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up tfive).

Contents

1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. IMPACT OF COVID-19 ON GLOBAL STAINLESS STEEL ROUND BAR MARKET

5. GLOBAL STAINLESS STEEL ROUND BAR MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Sales Channel (Direct, Indirect)
  5.2.2. By End Use (Construction, Automotive, Oil & Gas, Marine, Food Processing, Others)
  5.2.3. By Region
  5.2.4. By Company (2024)
5.3. Market Map

6. NORTH AMERICA STAINLESS STEEL ROUND BAR MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Sales Channel
  6.2.2. By End Use
  6.2.3. By Country
6.3. North America: Country Analysis
  6.3.1. United States Stainless Steel Round Bar Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Sales Channel
      6.3.1.2.2. By End Use
  6.3.2. Mexico Stainless Steel Round Bar Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Sales Channel
      6.3.2.2.2. By End Use
  6.3.3. Canada Stainless Steel Round Bar Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Sales Channel
      6.3.3.2.2. By End Use

7. EUROPE STAINLESS STEEL ROUND BAR MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Sales Channel
  7.2.2. By End Use
  7.2.3. By Country
7.3. Europe: Country Analysis
  7.3.1. France Stainless Steel Round Bar Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Sales Channel
      7.3.1.2.2. By End Use
  7.3.2. Germany Stainless Steel Round Bar Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Sales Channel
      7.3.2.2.2. By End Use
  7.3.3. United Kingdom Stainless Steel Round Bar Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Sales Channel
      7.3.3.2.2. By End Use
  7.3.4. Italy Stainless Steel Round Bar Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Sales Channel
      7.3.4.2.2. By End Use
  7.3.5. Spain Stainless Steel Round Bar Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Sales Channel
      7.3.5.2.2. By End Use

8. ASIA PACIFIC STAINLESS STEEL ROUND BAR MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Sales Channel
  8.2.2. By End Use
  8.2.3. By Country
8.3. Asia Pacific: Country Analysis
  8.3.1. China Stainless Steel Round Bar Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Sales Channel
      8.3.1.2.2. By End Use
  8.3.2. India Stainless Steel Round Bar Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Sales Channel
      8.3.2.2.2. By End Use
  8.3.3. South Korea Stainless Steel Round Bar Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Sales Channel
      8.3.3.2.2. By End Use
  8.3.4. Japan Stainless Steel Round Bar Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Sales Channel
      8.3.4.2.2. By End Use
  8.3.5. Australia Stainless Steel Round Bar Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Sales Channel
      8.3.5.2.2. By End Use

9. SOUTH AMERICA STAINLESS STEEL ROUND BAR MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Sales Channel
  9.2.2. By End Use
  9.2.3. By Country
9.3. South America: Country Analysis
  9.3.1. Brazil Stainless Steel Round Bar Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Sales Channel
      9.3.1.2.2. By End Use
  9.3.2. Argentina Stainless Steel Round Bar Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Sales Channel
      9.3.2.2.2. By End Use
  9.3.3. Colombia Stainless Steel Round Bar Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Sales Channel
      9.3.3.2.2. By End Use

10. MIDDLE EAST AND AFRICA STAINLESS STEEL ROUND BAR MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Sales Channel
  10.2.2. By End Use
  10.2.3. By Country
10.3. MEA: Country Analysis
  10.3.1. South Africa Stainless Steel Round Bar Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Sales Channel
      10.3.1.2.2. By End Use
  10.3.2. Saudi Arabia Stainless Steel Round Bar Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Sales Channel
      10.3.2.2.2. By End Use
  10.3.3. UAE Stainless Steel Round Bar Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Sales Channel
      10.3.3.2.2. By End Use

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS & DEVELOPMENTS

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. GLOBAL STAINLESS STEEL ROUND BAR MARKET: SWOT ANALYSIS

14. PORTERS FIVE FORCES ANALYSIS

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. COMPETITIVE LANDSCAPE

15.1. Viraj Profiles Pvt. Ltd
  15.1.1. Business Overview
  15.1.2. Company Snapshot
  15.1.3. Products & Services
  15.1.4. Financials (As Reported)
  15.1.5. Recent Developments
  15.1.6. Key Personnel Details
  15.1.7. SWOT Analysis
15.2. Fortran Steel Pvt. Ltd
15.3. Laxcon Steels Limited
15.4. Synergy Steels Ltd
15.5. JAY JAGDAMBA LIMITED
15.6. TuoLian Metal
15.7. Qingdao Liange Special Steel Co., Ltd
15.8. Mangalam Alloys Private Limited
15.9. Acerinox SA
15.10. Aamor Inox Ltd

16. STRATEGIC RECOMMENDATIONS

17. ABOUT US & DISCLAIMER