Stainless Steel Round Bar Market Analysis And Forecasts, 2020-2024 & 2025-2030: Rising Demand From Oil & Gas And Marine Sectors, Growth In Automotive Markets Bolster Growth

(MENAFN- GlobeNewsWire - Nasdaq) The stainless steel round bar market has key opportunities in automotive, construction, oil & gas, and marine industries due to its durability and corrosion resistance. Growth is propelled by automotive expansion and infrastructure investments, though challenges include raw material price volatility.

Dublin, June 03, 2025 (GLOBE NEWSWIRE) -- The "Stainless Steel Round Bar Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" has been added to ResearchAndMarkets.com's offering.

The Stainless Steel Round Bar Market was valued at USD 18.67 Billion in 2024, and is expected to reach USD 28.57 Billion by 2030, rising at a CAGR of 2.76%. Stainless steel round bars are integral to various industries due to their 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. To address these challenges, manufacturers are emphasizing innovation, forging strategic partnerships, and adopting sustainable practices to meet changing consumer demands and maintain market competitiveness.

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 auto sector posting 4.5% annual growth and the EU recording over an 11% rise in vehicle production to 12.1 million units.

As demand escalates due to urbanization, 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 to heat and corrosion, making them ideal for exhaust systems. Their capacity to withstand extreme stress and environmental conditions ensures reliability and longer service life, reinforcing their appeal across the automotive industry.

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 to market 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.

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 to their mechanical strength and resistance to harsh elements. Similarly, the marine sector's reliance on these materials for shipbuilding and offshore applications is intensifying. As offshore exploration and production efforts continue to expand, so too does the requirement for high-grade stainless steel round bars that meet stringent safety and performance standards.

Report Scope

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

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

For more information about this report visit

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