Stainless Steel Market Regional Overview by 2025 | Leading Key Players Jindal Stainless, ArcelorMittal, Outokumpu, North American Stainless, POSCO
Europe driven by France, UK and Germany stainless steel market may witness high growth owing to positive application outlook in automotive industry owing to its high strength that allows for thinner containers, saving fuel costs, whereas its resistance to corrosion helps in minimizing the maintenance and cleaning costs.
Request for table of contents of this report @ https://www.gminsights.com/request-toc/upcoming/2390
Global Stainless-Steel Market may witness significant gains over forecast period owing to positive growth in the automotive sector & rise in public infrastructure expenditure for developing railways, roads & highways projects. It’s key properties such as resistance to corrosion, strength, and low maintenance properties making it suitable for wide range of applications including transportation, heavy industries, and metal products.
Properties such as low maintenance, ease of fabrication, and aesthetic appeal has led to rise in preference for stainless steel over ordinary steel which is likely to favor industry growth. Growing usage of stainless steel in pre-engineered buildings for roofing and building system may boost the overall product demand over the forecast timeframe. It safeguards the building system in unfavorable environmental conditions. Global demand for pre-engineered buildings was valued for USD 9 billion in 2015 and may surpass USD 15 billion by 2020, registering over 12% growth.
300 series stainless steel may witness strong gains over the forecast timeframe owing to its high temperature resistance and easy maintenance along with wide range of applications in automotive, aerospace, and construction industries. It also resists cracking and etching better than other grades.
Browse Complete Report Summary @
Strong application outlook in architecture and construction industry for sustainable building will stimulate stainless steel market size. Stainless steel in a grain or polished finish helps in bringing natural light into the building by reducing overall energy consumption. Shift in focus towards aesthetic appearance of buildings will play a vital role in industry growth.
Increased product usage in automotive industry owing to their wide range of application in car exhaust systems, mufflers, fuel tanks, hoods, and vehicle frames for doors will trigger market growth in forecast timeframe. Apart from this, new environmental concerns and emission reduction standards are encouraging automotive OEM’S to favor stainless steel in structural components. Growing demand for light weight automobiles may propel the product growth.
Rise in demand for stainless steel in medical industry may propel the market growth over the forecast timeframe. It is widely used in construction of kidney dishes, surgical and dental instruments, in addition to other medical equipment such as steam sterilizers, MRI scanners, and cannulas. Positive application scope in consumer goods such as such as cookware, stoves, and showpieces are also expected to boost the product demand.
Make an inquiry for purchasing this report @
Global stainless steel market share is competitive with major industry players include Jindal Stainless, Aperam Stainless, ArcelorMittal, Outokumpu, POSCO, ThyssenKrupp Stainless, Nippon Steel & Sumitomo Steel, JFE Holdings, and North American Stainless. Manufacturers are also focusing on merger and acquisitions with local & regional companies to open new market opportunities this will further boost the market for stainless steel.
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Stainless Steel Market Regional Overview by 2025 | Leading Key Players Jindal Stainless, ArcelorMittal, Outokumpu, North American Stainless, POSCO here
News-ID: 1777582 • Views: 882
More Releases from global market insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet
More Releases for Stainless
Stainless Steel & Aluminium Supplier
Euro Steel is one of the largest suppliers of corrosion-resistant metals which includes stainless steel, aluminium, special steels and other metals. Euro Steel mainly operates in South Africa but is also active in the sub-Saharan region. The company provides plates, sheets, coils, valves, sections, pipes, tubes and many other forms of metal which are used commercially. The company is well known for its reliable services and high-quality products. Common Products Offered
What's driving the Stainless Steel Market Growth? Jindal Stainless, ArcelorMitta …
Europe driven by France, UK and Germany stainless steel market may witness high growth owing to positive application outlook in automotive industry owing to its high strength that allows for thinner containers, saving fuel costs, whereas its resistance to corrosion helps in minimizing the maintenance and cleaning costs. North America led by U.S. stainless steel market may witness significant growth by increasing application scope in medical, oil & gas and heavy
Stainless Steel Tube Market Global Forecast 2018| Studied By Outokumpu, Acerinox …
UpMarketResearch published an exclusive report on “ Stainless Steel Tube market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 128 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Stainless Steel Tube market, especially in North America, Europe and Asia-Pacific, South America,
Stainless Steel Market 2018-2024 | Global Key Player; Jindal Stainless, ArcelorM …
Strong application outlook in architecture and construction industry for sustainable building will stimulate stainless steel market growth. Stainless steel in a grain or polished finish helps in bringing natural light into the building by reducing overall energy consumption. Shift in focus towards aesthetic appearance of buildings will play a vital role in industry growth. Global Stainless-Steel Market may witness significant gains over forecast period owing to positive growth in the automotive
Difference Between Duplex Stainless and Industrial Stainless Steel Pipe
Difference between duplex Stainless steel pipe and industrial stainless steel pipe. 1) Comprehensive mechanical properties better industrial stainless steel pipe, especially plastic toughness, not as industrial stainless steel pipe as brittle sensitive. 2) In addition to stress corrosion resistance, the other resistance to local corrosion is better than industrial stainless steel pipe. 3) Cold processing technology and cold forming performance is much better than industrial stainless steel pipe. 4) Welding performance is also far
Stainless Steel Pipe and Industrial Stainless Steel Pipe
Stainless steel pipe is divided into two series: decorative stainless steel pipe(stainless steel pipe) and industrial stainless steel pipe. Decorative stainless steel pipe(stainless steel pipe(SS)): usually outside the wall will be bright tube, hence the name of thinking, stainless steel pipe(SS) is used for decorative purposes. Stainless steel pipe(SS) mainly used to decorate, such as railings, staircase handrails, windows, etc., the wall thickness is very thin. As with the industrial stainless