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