Global Stainless Steel Market 2018-2022

NEW YORK, April 24, 2018 /PRNewswire/ -- About Stainless Steel

Stainless steel is an iron-based alloy that contains at least 10.5% chromium by mass. Alloys like nickel, titanium, columbium, and molybdenum can be added to stainless steel during melting. Stainless steel has high resistance to corrosion, rust, and staining with water, unlike ordinary steel. Therefore, it is used in the construction, household appliances, automotive, and machinery industries.

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Technavio's analysts forecast the global stainless steel market to grow at a CAGR of 5.34% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global stainless steel market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
? Americas
? APAC
? EMEA

Technavio's report, Global Stainless Steel Market 2018-2022, 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
? Guangxi Chengde Group
? Outokumpu
? POSCO
? Tsinghan

Market driver
? Upsurge in consumption of high-strength stainless steel
? For a full, detailed list, view our report

Market challenge
? Volatility in raw-material prices
? For a full, detailed list, view our report

Market trend
? Growing demand for stainless steel scrap
? For a full, detailed list, view our report

Key questions answered in this report
? What will the market size be in 2022 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Read the full report: https://www.reportlinker.com/p04886872

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