Stainless Steel Market - Global Industry Expert Opinio ns Analysis, Emerging Opportunities, Market Size, Shar e, Growth Drivers, Market Trends, Statistics And Forec ast 2015 - 2020
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Report Description Stainless steel which is also known as inox steel or inox is a steel alloy. Stainless steel is metal alloy that contains minimum of 10.5% or more chromium and also contains more than 50% of iron. Stainless steel exhibits high resistance to stain and oxidation in air at ambient temperatures. Stainless steel is a dark metal that looks bright owing to its high light reflecting properties. Unlike steel, stainless steel does not corrode, rust or stain when it comes in contact with water. Wide range of stainless steel grades are available which offer surface finishes to suite the specific requirements of various applications and environment. Stainless steel is highly resistant to acid attacks. However, hydrochloric acid will damage any kind of stainless steel and hence, has to be avoided. Stainless steel when exposed to stronger bases such as sodium hydroxide is more likely to experience cracking and etching especially with the chloride containing chemicals. Complete Report with TOC @ http://www.mrrse.com/stainless-steel-market .
Scope Increasing population coupled with rising economies is expected to boost the overall growth of the construction industry. The construction industry consumes of about 50% of the overall stainless steel manufactured. Stainless steel is widely used in the construction of buildings, bridges and other architectural structures. Thus, the growing construction industry is expected to boost the overall demand for the stainless steel market. Changing lifestyle and increasing purchasing power is expected to boost the overall demand for the automobile industry. Increasing government regulations towards carbon emissions is expected to boost the overall demand for the light weight vehicles. Thus, there is an increase in demand for stainless steel in manufacturing automobiles which is extremely recyclable and thus in turn is environmental favorable in nature. There is an increase in demand for developing light weight, high tensile strength stainless steel. Thus, the growing automobile industry is expected to augment the overall growth of the stainless steel market.
Key Players
ArcelorMittal, ThyssenKrupp Stainless, Acerinox, TISCO, Outokumpu, Allegheny, AK Steel, INI Steel and POSCO are the major participants of the global stainless steel market. The companies are mainly focused towards developing light weight high tensile strength stainless steel. The company also strives to increase their production efficiency in order to achieve competitive advantage in the market. Request a Sample Copy of the Report @ http://www.mrrse.com/sample/33 .
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