New Jersey, United States, – The Stainless steel market The research report is a detailed study of the Stainless Steel industry which specializes in identifying the growth potential of the Stainless Steel market and potential opportunities in the market. Secondary research data comes from government publications, interviews with experts, journals, surveys and trusted journals. The recorded data spans a decade followed by a systematic review to conduct an in-depth study of influencers in the stainless steel market.
The stainless steel market was valued at USD 112 billion in 2019 and is expected to reach USD 179.35 billion by 2027, with a CAGR of 6.1% from 2020 to 2027.
Stainless steel is a type of steel that contains at least 10.5% chromium, less than 1.2% carbon and other alloying elements. Chromium forms a thin oxide layer on the surface of steel known as the “passive layer” which prevents stainless steel from rusting and corroding. Stainless steel contains varying proportions of manganese, carbon, silicon and other elements such as nickel and molybdenum to provide properties such as improved formability and increased corrosion resistance. Stainless steel is mainly classified into four types such as ferritic stainless steel, austenitic stainless steel, martensitic stainless steel and duplex stainless steel.
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The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:
North American Stainless, Acerinox SA, Aperam, ATI Metals, Thyssenkrupp Materials NA Inc., Outokumpu, Jindal Stainless (JSCMS), AK Steel Corporation, Shree Khodal Industrial Engineering Company, NIPPON STEEL Stainless Steel Corporation.
Stainless steel market segmentation
Stainless Steel Market, By Type
â€¢ Cold rolled stainless steel
â€¢ Fine gauge (less than 0.03 in)
â€¢ 300 SS series
â€¢ 400 SS series
Stainless Steel Market, By Application
â€¢ Building construction
â€¢ Automotive and transport
â€¢ Consumer goods
â€¢ Heavy industry
The Stainless Steel market report has been segmented on the basis of various categories such as product type, application, end user, and region. Each segment is evaluated based on CAGR, share and growth potential. In the regional analysis, the report highlights the potential region which is anticipated to create opportunities in the Stainless Steel Market in the coming years.
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Scope of Stainless Steel Market Report
Geographic segment covered in the report:
â€¢ North America (United States and Canada)
â€¢ Europe (UK, Germany, France and rest of Europe)
â€¢ Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
â€¢ Latin America (Brazil, Mexico and the rest of Latin America)
â€¢ Middle East and Africa (GCC and rest of Middle East and Africa)
Key questions answered in the report:
- What is the growth potential of the stainless steel market?
- Which product segment will take the lion’s share?
- Which regional market will emerge as a pioneer in the years to come?
- Which application segment will experience strong growth?
- What growth opportunities might arise in the stainless steel industry in the years to come?
- What are the most significant challenges facing the stainless steel market in the future?
- Who are the leading companies in the stainless steel market?
- What are the main trends that are positively impacting the growth of the market?
- What growth strategies are players considering to remain in the Stainless Steel market?
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