Will 316 stainless steel become the mainstream material for thermos cups around the world

Although the global economic situation is still severe, our factory can still receive a large number of inquiries every day with its good reputation and industry visibility. Among these inquiries, we concluded that the use and confirmation of 316 stainless steel materials accounted for 40% of these inquiries. More than %, compared with the global demand for 316 stainless steel in 2023, it has more than doubled. Does this mean that 316 stainless steel will become the mainstream material in the globalstainless steel thermos cupmarket in 2024?

Answer: Not necessarily

Why do you say this.

An analysis of the origin of the inquiries found that about 80% of the inquiries requesting the use of 316 stainless steel for stainless steel water cups are from the European market, and the overall consumption power of the countries in these markets is relatively strong. The remaining 20%, including the US market, is relatively scattered and not concentrated. Secondly, about 40% of the inquiries emphasize that what the other party needs to purchase is a high-quality, high-end water cup, and the purchase price range is wider than other inquiries that do not necessarily require the purchase of 316 stainless steel thermos cups. Through these analyses, although there is an increasing demand for 316 stainless steel in the market, due to the impact of material prices and the need for market positioning, thermos cups made of 316 stainless steel mainly satisfy the mid-to-high-end market.

Judging from the customs export data in 2023, taking stainless steel thermos cups as an example, the global purchase price is between US$2.5 and US$4.5, accounting for about 60%. In this price range, water cups with a capacity of more than 500 ml are mainly used, so through From the analysis of these data, if stainless steel thermos cups with a capacity of 500 ml and above are purchased in this price range, they should still be mainly made of 304 stainless steel. If you switch to 316 stainless steel, the purchase cost should increase by 20%-30%.

But I think what can be expected is that with the continuous publicity of materials in the global water cup market, people's demand for high-quality materials will increase. At the same time, as the production cost gap between 316 stainless steel materials and 304 stainless steel materials continues to narrow, , will also allow more water cup manufacturers to choose to use 316 stainless steel.

But regardless of whether 316 stainless steel will become a mainstream material in the future, it will inevitably be replaced by materials with higher quality and higher performance. At the same time, some consumers and buyers are also kindly reminded to make careful judgments when purchasing stainless steel water cups. The lower the price does not mean the higher the cost-effectiveness. Once the stainless steel water cup exceeds market expectations and the value is too high or too low, it will mean that the price is too high or too low. There is something wrong with this product