Chemical and Materials Research

 Global stainless steel market accounted to US$ 198,660.0 Mn in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019 - 2027, to account to US$ 323,144.6 Mn by 2027. Stainless steel is defined as iron-base alloys which are composed of a minimum of 10.5% Chromium. The Chromium creates a thin passive layer of oxide on the surface of the steel, which prevents corrosion of the steel surface. By increasing the amount of Chromium, the corrosion resistance property of stainless steel gets improved. It is used in a wide range of applications such as industrial, architectural, chemical, and consumer application. Stainless steel is an engineering material characterized by high corrosion resistance, strength, and fabrication characteristics. Carbon, silicon, manganese, and other elements are added in the stainless to enhance other useful properties such as formability and increased corrosion resistance. Stainless steel has come to the forefront of the automotive ...

Steel has had a major influence on our lives, the cars we drive, the buildings we work in, the homes in which we live and countless other facets in between. Steel is used in our electricity-power-line towers, natural-gas pipelines, machine tools, military weapons-the list is endless. Steel has also earned a place in our homes in protecting our families, making our lives convenient, its benefits are undoubtedly clear. Growth in the popularity of pre-engineered metal buildings and lightweight building materials drives the demand for steel. Market. Besides this, the transition from conventional casting processes to novel technologies making the use of recycled materials also drives market growth. The issue of buckling associated with steel structures restricts the fruitful growth of steel market. The involvement of various steel manufacturing companies in extensive R&D and collaborations is expected to boost the demand for steel market in the near future. Click Here to Download PDF Sa...