DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Stainless Steel Market Analysis By Grade (200 Series, 300 Series, 400 Series, Duplex), By Product (Long, Flat), By Application (Building & Construction, Heavy Industries, Automotive, And Consumer Goods) And Segment Forecasts To 2024" report to their offering.
The global stainless steel market is expected to reach USD 127.19 billion by 2024
Stainless steel finds wide application in various end-use industries including building & construction, transportation, industrial machinery, household appliances, metal goods, and electronics owing to inherent characteristics such as durability, high tensile strength, and resistance.
Rapid urbanization and improving socio-economic standards coupled with expanding middle-class population is expected to be the key factor driving market demand, particularly in the infrastructure sector. Increasing investment in construction and infrastructure led to an 8% increase in demand for long products in the past few years.
Stainless steel is extensively used in petrochemical as well as oil exploration & production industries. Rising oil exploration and production activities across the globe to meet growing energy requirements is expected to further drive stainless steel demand over the forecast period. Stainless steel forms the basis of production of pressure valves, heat exchangers, cracking furnaces, tanks, chemical tankers, and process pipes in the petrochemical industry. On the other hand, it is used in sub-sea systems, offshore platforms and LNG tankers in case of exploration equipment.
POSCO, Acerinox, Baosteel, Aperam, and Outokumpu are leading market players on the global level as of 2015.
Other market players include Bristol metals, Jindal Steel, Nippon Steel & Sumitomo Metal, RTI Industries, Sandmeyer Steel, Sandvik Materials, Schmolz+Bickenbach AG, ThyssenKrupp, and Viraj.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Stainless Steel Industry Outlook
4. Stainless Steel Grade Outlook
5. Stainless Steel Product Outlook
6. Stainless Steel Application Outlook
7. Stainless Steel Regional Outlook
8. Competitive Landscape
- Aperam Stainless
- Bristol Metals
- Jindal Stainless
- Mirach Metallurgy Co
- Nippon Steel & Sumitomo Metal
- POSCO Steel
- RTI Industries
- Sandmeyer Steel
- Sandvik Materials
- Schmolz+Bickenbach AG
For more information about this report visit http://www.researchandmarkets.com/research/274jdn/stainless_steel