The global stainless steel market is expected to grow significantly until 2027

The market is expected to grow at a CAGR of 3.38% during the forecast period. Due to the presence of the world's largest stainless steel producers, analysts believe that Asia and Pacific countries in particular will influence the growth phase. China, Japan, South Korea and India are among the leading countries in stainless steel production in the region.

Among the most important factors that trigger the growth of the market is that manufacturers prefer to use scrap and stainless steel as raw materials in order to reduce pollution and production costs. Therefore, the stainless steel market in Asia and Pacific countries is expected to be the region that will be most affected by all these changes during the growth period.