The global stainless steel foil market is expected to grow at least 6 percent annually and will exceed US $ 12.1 billion by 2027.
The Asia-Pacific region is projected to become one of the most important areas for stainless steel foil development, driven by the growing popularity of electronic gadgets and cars in emerging economies such as China and India.
China will become a key player in the stainless foil market and by 2027, its share of consumption of this metal product will account for about 58 percent of the supply in the Asia-Pacific region, driven by the expansion popular for electronic devices, electrical segments and parts for smart gadgets. p>
Stainless steel foil is commonly used in solar panel assembly as a backing material inside boards. It is widely used in the solar industry for its excellent thermal conductivity properties. In addition, foil provides electrical protection and is undemanding to temperature conditions.
The top five players in the stainless steel foil market consolidated 22 percent of production capacity in 2018. These players are Nippon Steel and Sumitomo Metal Corporation, Olin Brass, Ulbrich Stainless Steels and Special Metals, Inc., AJ Oster and Nisshin Steel Co. Ltd.
