Stainless Steel Market Is Likely To Up Demand At A USD 197.29 Billion By 2030
San Francisco, 22 Jan 2024: The Report Stainless Steel Market Size, Share & Trends Analysis Report By Grade (300 Series, Duplex Series), By Product (Flat, Long), By Application (Building & Construction, Consumer Goods), By Region, And Segment Forecasts, 2024 - 2030 The global stainless steel market size is expected to reach USD 197.29 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Higher penetration of the product and its vital importance in numerous applications is expected to support the market growth, during the forecast period. Stainless steel has extensive utilization in the automotive sector because of its visual appeal and corrosion resistance properties. Corrosion resistance helps its use in catalytic converters and exhaust silencers. These parts face exhaust gas attacks from the inner side and road dirt, salt, and water from the external side. In such cases, stainless steel is the best suitable