Global stainless steel market to grow at CAGR of 4.7% in 2023-2029
Views : 167
Update time : 2023-05-22 17:23:50
According to a report from Maximize Market Research, the value of the global stainless steel market was US$132.7 billion in 2022, and the market size was expected to reach US$223.7 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.7% during the period from 2023 to 2029.
The potential growth of the stainless steel market is boosted by the demand for sustainable and eco-friendly materials as awareness of using recycled steel products is on the rise. The demand from end-use industries, including chemical/petrochemical products, vehicles, medical products, and energy fields, is also increasing, pushing growth in the regional market.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
