Stainless Steel Market Size, Share | Industry Report 2025

The global Stainless Steel Market was valued at $87.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $138.7Billion.

Stainless steel is an iron-based alloy which is made of from copper, carbon, nickel, chromium, iron etc. To add some other useful properties such as increased corrosion resistance & enhance formability nickel & molybdenum are used. benefits of using stainless steel in different industries because of its aesthetic appearance, Excellent corrosion resistance, fire & heat resistance, Ease of fabrication, sustainability. Stainless steel is not just an alloy, but a series of different composition designed to provide specific properties & designed for different applications. It differs from carbon steel by the amount of chromium present. stainless steel contains a sufficient amount of chromium so that a layer of chromium oxides forms which prevents further corrosion.

We have observed the maximum use of 304 series grade for its for high temperature resistant more than 200 series grade this is quietly used in welding & forming characteristics. it is used for manufacturing of sterilizers, containers, homogenizers which results to expected to drive demand over the forecast periods.

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Key findings from the study: -
• We have segmented the Stainless-Steel Market based on product categories as Long Products, Flat Products, Other Products.
• We have segmented the Stainless-Steel market based on Grade types are 200, 300, 304, 316, 400, 410, 416, Duplex Series.
• We have segmented the Stainless-steel market based on Application as Construction, Heavy Industry, Transportation, Consumer Goods
• The key market participants include Sandvik Materials, Nippon Steel & Sumitomo Steel, Jindal iron &steel ltd, ThyssenKrupp Stainless, North American Stainless, Bristol Metals, Mirach Metallurgy, RTI Industries.

Ameri Research has segmented the Stainless Steel Market by material categories, product type, end-use and region:

Market Segmentation:

Stainless Steel Market by product Categories(Revenue, Million, 2014 – 2025)
• Long Products
• Flat Products
• Other products

Stainless Steel Market by Grade Type (Revenue, Million, 2014 – 2025)
• 200
• 300
• 304
• 316
• 400
• 410
• 416
• Duplex Series

Stainless Steel Market by Application(Revenue, Million, 2014 – 2025)
• Construction
• Heavy Industry
• Transportation
• Consumer Goods
Stainless Steel Market Regional Outlook (Revenue, USD Million, 2014- 2025)

• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
• Asia Pacific
o Japan
o China
o India
o Australia
• Latin America
o Brazil
o Mexico
o Columbia
• Middle East and Africa
o South Africa
o Saudi Arabia

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