DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Stainless Steel Forgings Market Size And Forecast By Product, By Application, By Region And Trend Analysis From 2013 To 2024" report to their offering.
The global stainless steel forgings market is expected to reach USD 13.57 billion by 2024. Positive energy and construction industry outlook is expected to boost the market growth of stainless steel forgings over the forecast period.
Stainless steel forgings are now finding acceptance across various end-use industries on account of characteristics such as economic viability, reliability, and strength. These forgings exhibit higher strength than other steel alloys and also have good corrosion resistance. The forged products also have a higher strength to weight ratio on account of which they are used in a large number of applications.
The industrial application was the dominant segment in the market. The demand is driven by countries such as China and Japan due to a presence of a large number of heavy component manufacturers present. The growing usage of this product in automotive is expected to boost the overall demand. The application of stainless steel forgings in aviation is also expected to boost the demand over the forecast period.
Key Topics Covered:
1. Executive Summary
2. Stainless Steel Forgings Industry Outlook
3. Stainless Steel Forgings Market: Product Estimates and Trend Analysis
4. Stainless Steel Forgings Market: Application Estimates and Trend Analysis
5. Stainless Steel Forgings Market: Regional Estimates and Trend Analysis
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/ssx325/stainless_steel