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North America Stainless Steel Round Bar Market Revenue and Value Chain Analysis by 2022

Growing need for the product in oil & gas, construction, automotive, aerospace and mining is expected have a positive impact on the sector over the next seven years.

The North America Stainless Steel Round Bars Market is expected to reach USD 2.09 billion by 2022, according to a new report by Grand View Research, Inc.


Rising need in oil & gas sector on account of their corrosion resistant properties is expected to increase penetration over the next seven years. In addition, increasing consumption in construction sector along with emergence of new players in the region will stimulate industry expansion over the forecast period.

Technology advancements in terms of hydraulic fracturing has resulted in increased offshore oil exploration in New Mexico, Alaska and on the Atlantic coast in the U.S., thus propelling product demand. However, high manufacturing cost along with rising nickel prices is expected to challenge growth over the next seven years.

To Know More About North America Stainless Steel Round Bar Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/north-america-stainless-steel-round-bar-market

In U.S., Texas dominated the stainless steel round bars sector in 2014 and is expected to gain share in light of increasing oil & gas production in the state. High need from transportation, construction, mining and manufacturing sectors is expected to have a positive impact on growth over the next seven years.

Top Players of North America Stainless Steel Round Bar Market:

The industry is dominated by major companies including Crucible Industries LLC, ATI Allvac, Outokumpu, Carpenter Technology Corporation, Electralloy, Universal Stainless & Alloy Products and Valbruna Slater Stainless.

Market Segmentation of North America Stainless Steel Round Bar Market:

The North America Stainless Steel Round Bars Market Segmented on the basis of Product and Country.

By Products:

    Cr-Ni
    Duplex & Super Duplex
    High Nickel Alloys

By Country:
  • US
        Texas
        California
        Oklahoma
        Illinois
        Michigan
        North Dakota
        Alaska
  • Mexico
  • Canada
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