|
Construction Industry News Releases
|
Home | Submit Press Release | Advertise | Submit Website
(Construction.IndustryNews247.Com, August 14, 2018 ) Strong application outlook in architecture and construction industry for sustainable building will stimulate Stainless Steel Market size. Stainless steel in a grain or polished finish helps in bringing natural light into the building by reducing overall energy consumption. Shift in focus towards aesthetic appearance of buildings will play a vital role in industry growth.
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.
Request for table of contents of this report @ https://www.gminsights.com/request-toc/upcoming/2390
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. Duplex series finds strong application scope in oil & gas, pulp & paper and chemical industries owing to its superior properties such as good weldability, high strength and low weight.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2390
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. Growing adoption of stainless steel in oil & gas industry for off-shore oil rigs is expected to boost the overall market growth in the region.
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.
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.
Global Market Insights, Inc.
Arun Hegde
1-888-689-0688
sales@gminsights.com
Source: EmailWire.Com
|
|
|
Construction News by Sector
|
|
|
Industrial News TV
|