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Stainless Steel Market Worth $133.84 Billion by 2025 | CAGR: 5.2%

SAN FRANCISCO, June 12, 2019 /PRNewswire/ -- The global stainless steel market size is projected to reach USD 133.84 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.2% during the forecast period. Increasing production of automotive and growth of construction sector are the key factors driving the growth. Owing to high resistance to corrosion, stainless steel can be easily fabricated in building structures. Along with aesthetic purpose, it provides strength and support to various building structures. It is used in roofing, structures, fixings, drainage and water systems, handrails, and wall support products. Rising investment in this sector and number of construction activities are creating a high demand for stainless steel products.

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