The global stainless steel market size was USD 170.92 billion in 2020. The market is projected to grow from USD 175.72 billion in 2021 to USD 268.46 billion by 2028 at a CAGR of 6.2% during the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, Stainless Steel Market, 2021-2028.
According to our analysts, the promptly rising automotive industry is surging the product demand. Additionally, the capability of the product to repel corrosion pooled with growing manufacturing for recyclable material will further assist to boost the market growth during the forecast timeframe.
Segments:
Type, Application, and Region are Studied
On the basis of type, the market is segregated into cold-rolled flat, hot plate sheet, cold bars wire, hot bars wire rods, and others.
In terms of application, the market is classified into metal products, electrical machinery, engineering, construction, motor vehicle parts, and others.
Geographically, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa.
Report Coverage:
We offer our reports which are directed with an all-inclusive examination approach that majorly emphasizes on delivering accurate material. Our scholars have applied a data navigation method which further aids us to offer reliable predictions and test the general market dynamics precisely. Further, our analysts have gained admittance to several international as well as domestically funded catalogues for providing the up-to-date material so that the stakeholders and business professionals capitalize only in fundamental zones.
Information source:
https://www.fortunebusinessinsights.com/stainless-steel-market-106481
