Austenitic Stainless-Steel Market – Forecast and Analysis (2023 – 2029)

Austenitic Stainless-Steel Market is expected to grow at a CAGR of 6.2% during the forecast period and is expected to reach US$ 83.63 Bn by 2029.
Austenitic Stainless-Steel Market overview:

The global market for Austenitic stainless steel is growing owing to rising consumer demand for stainless steel. It provides resistance to corrosion, requires low maintenance, high ductility and toughness. Besides, other properties such as formability and high surface quality are driving the growth of the austenitic stainless steel market. It is the most famous grade of stainless steel that consists of 2%-20% nickel and 16%-30% chromium. Increasing applications such as in cookware, automotive trims and food and beverages industries has produced various lucrative opportunities for the austenitic stainless-steel market.