Press release
Global Stainless Steel Market 2016-2020
Description
Stainless steel is an iron-based alloy containing at least 10.5% chromium by mass. In order to enhance its properties, other alloys like nickel, titanium, columbium, and molybdenum can also be added during melting. Stainless steel is resistive to corrosion, rust, and stain with water unlike ordinary steel, due to which it is used in a number of industries like household appliances, construction, automobiles, and machinery. We expect the global stainless steel market to post a CAGR of 5.24% during the forecast period.
Technavios analysts forecast the global stainless steel market to grow at a CAGR of 5.65% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global stainless steel market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of stainless steel.
The market is divided into the following segments based on geography:
Americas
APAC
Europe
MEA
Technavio's report, Global Stainless Steel Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Acerinox
AK Steel
Aperam
Outokumpu
POSCO
Request Sample Copy of This Report at: http://www.marketresearchreports.biz/sample/sample/860263
Other prominent vendors
Guangxi Chengde Group
JFE Steel
Nippon Steel and Sumitomo Metal
Shanghai Baosteel Group (Baosteel)
TATA Steel Europe
Market driver
Difficult extraction environment requires more corrosion prevention
For a full, detailed list, view our report
Market challenge
Declining ferrochrome prices
For a full, detailed list, view our report
Market trend
Rationalization of capacity
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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