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Global Stainless Steel Market – Industry Trends and Forecast to 2026 Global Stainless Steel Market USD 143.03 billion by 2026, registering a CAGR of 5.60% in the forecast period of 2019-2026

Global Stainless Steel Market is expected to rise from its initial estimated value of USD 92.50 billion in 2018 to an estimated value of USD 143.03 billion by 2026, registering a CAGR of 5.60% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in the investment in building and infrastructure and in the construction industry.

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Market Definition

Stainless Steel is an alloy of iron with a minimum of 10.5% chromium. This helps to produce a thin layer of oxide on the surface of the steel which helps in preventing corrosion on the surface. Stainless steel contains varying amounts of Carbon, Silicon and Manganese. It enhanced the formability and corrosion resistance.

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Market Segmentation By Products • Hot bars/wire rods • Semis long • Cold bars/wire rods • Cold-rolled flat • Semis flat • Hot coils • Hot plate and sheet By Grade • Duplex, 400 series • 300 series • 200 series By Geography • North America • South America • Europe • Asia-Pacific

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Competitive Analysis

The global stainless steel market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of baking ingredients market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Major Market Competitors • • • • • • • • • • • • •

Outokumpu ArcelorMittal NIPPON STEEL CORPORATION Schmolz+Bickenbach AG Sandmeyer Steel Company JSCMS Acerinox S.A Mirach Metallurgy Co Aperam thyssenkrupp Stainless GmbH Sandvik AB Viraj Profiles Limited Synalloy Corporation

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Global Stainless Steel Market  

Global Stainless Steel Market is expected to rise from its initial estimated value of USD 92.50 billion in 2018 to an estimated value of USD...

Global Stainless Steel Market  

Global Stainless Steel Market is expected to rise from its initial estimated value of USD 92.50 billion in 2018 to an estimated value of USD...

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