The 316 Stainless Steel Market is witnessing significant growth, driven by its increasing demand in industries such as construction, automotive, aerospace, and healthcare. With its superior corrosion resistance, strength, and durability, 316 stainless steel has become the preferred choice for applications requiring enhanced performance in harsh environments. According to DataIntelo, the global...

The global ferrochrome market size is expected to reach USD 28.83 billion by 2030, expanding at a CAGR of 6.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is mainly driven by demand from booming stainless steel industry especially in Asia. Stainless steel industry accounts for roughly more than 75% of the FeCr consumption in the globe. China,...

Market Overview Stainless steel, a corrosion-resistant alloy composed primarily of iron, chromium, and nickel, is widely used in construction, automotive, aerospace, energy, and consumer goods industries. Its unique properties—such as high tensile strength, aesthetic appeal, and exceptional resistance to rust and corrosion—make it an ideal choice for applications requiring both...

Nickel Industry The global nickel market size is projected to reach USD 29.15 billion by 2030, according to a new report published by Grand View Research, Inc. The market is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period. This anticipated growth is largely attributed to rising investments in the stainless steel industry, as nickel serves as a crucial...

Stainless Steel Market Summary The global stainless steel market was valued at USD 117.63 billion in 2023 and is projected to reach USD 197.29 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2024 to 2030. This expected growth is driven by rising investments from both public and private sectors in infrastructure projects and...