Stainless Steel Market 2020 Growth by key players Jindal Stainless, Aperam Stainless, ArcelorMittal, Outokumpu, POSCO

Global Market Insights, Inc., announces an ongoing comprehensive report on the Stainless Steel Market.

This report provides an exhaustive account of the industry including:

o Stainless Steel Market size, annual forecast from 2020 to 2026

o Major stainless steel industry trends, technology evolution, economic indicators and business challenges

o Regulatory and geopolitical trends impacting the industry

o Business drivers and pitfalls impacting key regional markets

o Competitive landscape of the industry and detailed profiles on the major companies

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Touted as the world's most crucial construction and engineering material, steel has found abundant use in almost every sphere of the industrial and day to day lives. It bears the potential of being recycled over and over again without compromising on the exceptional properties.

Steel can be bifurcated into various types pertaining to its use across a vast spectrum. In this context, it is prudent to mention that one of the prominent types of steel is stainless steel. This is attributed to the material's extensive use across various industries spanning the manufacturing, automotive, kitchenware, and other sectors.

Stainless steel | Applications in Automotive sector

With use in car exhaust systems and auto parts, stainless steel has now been established as a candidate for structural applications across the automotive sector. Its ability to blend tough mechanical and fire-resistant properties with exceptional manufacturability makes it an ideal material for the revolutionary space frame car body-structure concept.

Although the stainless steel industry assures of a promising future in the years to come, it is currently facing challenges in the lieu of ongoing novel coronavirus outbreak. This can be attributed to the halt of steel production in umpteen geographies worldwide. While the product demand is likely to depict a downward graph, it is anticipated that the industry will have much to gain post the stabilization of the global economy.

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Stainless steel | Applications in Bridges

There are over hundreds of thousands bridges in the world, with over 600,000 in the United States alone. Builders and construction workers have been making efforts to use materials that can strengthen the durability of bridges, so that they can withstand traffic, while working on the refurbishment and maintenance of the bridges.

The quest for robust materials has led the builders to massively adopt stainless steels for the construction of these bridges worldwide. Stainless steel, primarily Duplex stainless steel, offers an attractive way of providing structural integrity over unlimited time. This is possible only due to the material's high strength and corrosion resistance that meets all weather and climate conditions.

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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.