1. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stainless Steel Market 2017 to 2024, key industry players & growth trends

2. Global Market Scenario of Stainless Steel Market © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Global Stainless-Steel Market may witness significant gains over forecast period owing to positive growth in the automotive sector & rise in public infrastructure expenditure for developing railways, roads & highways projects. It’s key properties such as resistance to corrosion, strength, and low maintenance properties making it suitable for wide range of applications including transportation, heavy industries, and metal products.  Properties such as low maintenance, ease of fabrication, and aesthetic appeal has led to rise in preference for stainless steel over ordinary steel which is likely to favor industry growth. Growing usage of stainless steel in pre-engineered buildings for roofing and building system may boost the overall product demand over the forecast timeframe. It safeguards the building system in unfavorable environmental conditions. Global demand for pre-engineered buildings was valued for USD 9 billion in 2015 and may surpass USD 15 billion by 2020, registering over 12% growth.  300 series stainless steel may witness strong gains over the forecast timeframe owing to its high temperature resistance and easy maintenance along with wide range of applications in automotive, aerospace, and construction industries. It also resists cracking and etching better than other grades.  400 Series grade consist of manganese and chromium and are magnetic. It consists of high carbon content thereby giving it a martensitic crystalline structure. Rise in demand for product for various application such as gas turbine exhaust silencers, agricultural equipment, heat exchanger, hardware and motor shafts boost the overall industry growth.

3. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Market Research Reports: Key Analytical Components Request for table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2390 https://www.gminsights.com/request-toc/upcoming/2390

4. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Product Analysis:- Increased product usage in automotive industry owing to their wide range of application in car exhaust systems, mufflers, fuel tanks, hoods, and vehicle frames for doors will trigger market growth in forecast timeframe. Apart from this, new environmental concerns and emission reduction standards are encouraging automotive OEM’S to favor stainless steel in structural components. Growing demand for light weight automobiles may propel the product growth. Rise in demand for stainless steel in medical industry may propel the market growth over the forecast timeframe. It is widely used in construction of kidney dishes, surgical and dental instruments, in addition to other medical equipment such as steam sterilizers, MRI scanners, and cannulas. Positive application scope in consumer goods such as such as cookware, stoves, and showpieces are also expected to boost the product demand. Regional Trends:- North America led by U.S. stainless steel market may witness significant growth by increasing application scope in medical, oil & gas and heavy industries. High-grade stainless steel plays vital role in construction of valves, pipes, and storage tanks to provide resistance to corrosion over a wider range of temperatures. Europe driven by France, UK and Germany stainless steel market may witness high growth owing to positive application outlook in automotive industry owing to its high strength that allows for thinner containers, saving fuel costs, whereas its resistance to corrosion helps in minimizing the maintenance and cleaning costs.

5. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Competitive Trends: Global stainless steel market share is competitive with major industry players include Jindal Stainless, Aperam Stainless, ArcelorMittal, Outokumpu, POSCO, ThyssenKrupp Stainless, Nippon Steel & Sumitomo Steel, JFE Holdings, and North American Stainless. Manufacturers are also focusing on merger and acquisitions with local & regional companies to open new market opportunities this will further boost the market for stainless steel. Inquire Before Buying This Report@ https://www.gminsights.com/inquiry-before-buying/2390 https://www.gminsights.com/inquiry-before-buying/2390

6. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report On Stainless Steel Market @ https://www.gminsights.com/industry-analysis/stainless-steel-market Request for table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2390 https://www.gminsights.com/request-toc/upcoming/2390 Inquire Before Buying This Report@ https://www.gminsights.com/inquiry-before-buying/2390 https://www.gminsights.com/inquiry-before-buying/2390

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