Stainless Steel Round Bar Market by Product Type |Global Industry Forecast, 2032
Stainless Steel Round Bar Market by Type (Hot rolled, Cold rolled), Application (Automobile, Heavy engineering, Defense and aerospace), and Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2022 to 2032
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Stainless Steel Round Bar Market Overview
Within the industry of construction, stainless steel round bars are extremely utilized in structural parts that are exposed to bridge pins, tie rods, heavy load, and additional load transfer devices. The increasing penetration of stainless steel (SS) round bars within the construction industry is inspiring the development of the global stainless steel round bar market.
Round bar is accessible as a cylindrical, long metal bar stock which has a wide range of applications in both the industrial & commercial segments. These bars are available in a different of metal types & sizes to meet customer needs. Shafts are the most major application. Cold-rolled steel, hot-rolled steel, & other metals are all available in round bar method. The report study has scrutinized the revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the similar is reflected in our analysis.
The Stainless Steel Round Bar market size is predicted to hit around US$ 17 billion by 2032, with a CAGR of 3.7 % during the forecast period 2022 to 2032.
The increase in demand for stainless round bar in the industrial sector has enticed retailers to invest in the industry that will contribute to long-term market development. Leading stainless steel round bar suppliers are delivering new & cost-effective keys with excellent thermal performance, allowing for the most efficient use of capitals.
Instance Developments
30 Sep 2022--Walsin Lihwa, a leading stainless steel wire rod manufacturer in Taiwan, announced to raise its new prices for stainless steel wire rods for October. For domestic sales, the price of 304 was up by NT$6,000/ton, 400 series’ price was up by NT$1,000/ton, 200 series’ price increased by NT$2,000/ton, and 316 was hiked by NT$8,000/ton. For export sales, 304, 400 series, 200 series, and 316 products will be subject to a price increase of US$200/ton, US$30/ton, US$60/ton, and US$250/ton, respectively.
October 7, 2022--The market launch of climate-friendly steel is picking up speed. It was only at the beginning of September that the Executive Board of thyssenkrupp AG cleared the way for the construction of Germany’s biggest direct reduction plant for low-CO2 steel. Now, thyssenkrupp Steel Europe AG and the global automotive supplier Mubea have signed the first official memorandum of understanding for the supply of CO2-reduced steel.
Stainless Steel Round Bar Market Scope:
| Report Data | Stainless Steel Round Bar Market |
| Stainless Steel Round Bar Market Size 2022 | USD 17 billion |
| Stainless Steel Round Bar Market CAGR 2022 - 2032 | 3.7% |
| Stainless Steel Round Bar Market Analysis Period | 2022 - 2032 |
| Stainless Steel Round Bar Market Base Year | 2021 |
| Stainless Steel Round Bar Market Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | J. H. Stainless, ArcelorMittal, ATI, Dongbei Special Steel, Shri Bhagavati Bright Bars, Crucible Industries, Garelick Steel, Tsingshan Holding Group, ThyssenKrupp Materials, WalsinLihwa, Valbruna Stainless |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Key market Segments | Market by Type Hot rolled Cold rolled Segment by Application Automobile Heavy engineering Defense and aerospace |
Frequently Asked Questions
What is the future market value of the Stainless Steel Round Bar Market?
The current market value for Stainless Steel Round Bar Market is expected USD 17 billion by 2032
What is the CAGR of the Market?
The Stainless Steel Round Bar Market is to grow at a CAGR of 3.7% during the forecast by 2032.
What is the Market segment?
On the basis of type, the Stainless Steel Round Bar Market is segmented into Hot rolled, Cold rolled
Who are the key players operating in the Stainless Steel Round Bar Market?
The major players operating in the Stainless Steel Round Bar Market are J. H. Stainless, ArcelorMittal, ATI, Dongbei Special Steel, Shri Bhagavati Bright Bars, Crucible Industries, Garelick Steel, Tsingshan Holding Group, ThyssenKrupp Materials, WalsinLihwa, Valbruna Stainless
Base Year:2021
Historical Data:2017-2022
No of Pages:119
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