Stainless steel exhibits superior corrosion resistance, and high strength and durability and is expected to witness growth on account of its growing applications in the automotive, construction and food & beverage industries. For More Information Visit - http://www.grandviewresearch.com/industry-analysis/stainless-steel-market

1. Stainless Steel Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2014 To 2020
Stainless steel exhibits superior corrosion resistance, and high strength and
durability and is expected to witness growth on account of its growing applications
in the automotive, construction and food & beverage industries. Growing demand
for stainless steel for manufacturing cooking utensils due to its sterile property and
lightweight is expected to drive market growth over the forecast period. Increasing
demand for stainless steel in electronic and healthcare industries is expected to
have a positive impact on market growth in the near future.
For More Information on "Stainless Steel Market Research Reports" visit -
http://www.grandviewresearch.com/industry-analysis/stainless-steel-market

2. Asia Pacific is expected to be one of the most promising markets on account of
automotive industry growth in China, India, Malaysia and Indonesia. Increased
expenditure on infrastructure improvement by governments of China and India is
anticipated to drive the stainless steel market over the forecast period. Food &
beverage industry growth in Saudi Arabia and Brazil is expected to have a positive
impact on stainless steel market in the near future. Governments of Middle East
have started reducing their reliance on the domestic energy sector and are aiming
to promote construction and automotive industries, which is likely to open new
market avenues over the forecast period.

3. Key market participants include Nippon Steel & Sumitomo Metal, POSCO Steel,
Mirach Metallurgy Co., Outokumpu, Redifoils LLC, Sandmeyer Steel and
Schmolz+Bickenbach AG. In September 2014, POSCO Steel developed a new
corrosion resistant stainless steel, aimed at producing steam condensers in nuclear
power plants. Decreasing prices of stainless steel in China and India is likely to
affect revenues of market players in the near future. Emergence of Mexico and
Brazil as an automotive hub on account of growing domestic demand and low
manufacturing cost than U.S. and European Union countries is expected to open
new market opportunities over the forecast period.

4. Request TOC of “Stainless Steel Market Research Reports" visit -
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market/request-toc
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