North America stainless steel round bar market is projected to grow at a higher CAGR. The market for stainless steel round bar in North America is in its mature phase thanks to the engaging activities in the construction sector. Rise in consumption of bar due to its superior properties comprising corrosion resistance, fire resistance, electrical & thermal conductivity is adding more to the growth of regional market. Demand for glass façade, tie rods, door handles and anchoring bars will provide a suitable traction for the market.
The
drivers for North America stainless steel round bar market entail increase in
demand for rise in consumption of steel bars in the construction sector coupled
with entry of new players. Technological advancements and innovations are
likely to propel the market growth during the forecast period. The market also
encompasses significant need from construction, mining, manufacturing and
transportation sectors. However, significant costs involved is likely to
challenge the market growth during the forecast period.
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Product
segment for North America Stainless Steel round bar market comprises Cr-Ni,
high nickel alloys and duplex and super duplex. Geographical segmentation for
North America stainless steel round bar industry includes Canada, United States
and Mexico. United States accounts for significant share in North America, as
the demand for stainless steel is much higher for industrial process.
There
have been reported technological developments in New Mexico, Atlantic and
Alaska that stimulate the market demand. Texas holds a significance in the
stainless steel round bars and anticipated to grow with a higher traction owing
to extensive demand in the construction and mining sector. The key players
profiled in the North America stainless steel round bar market report entails
ATI Allvac, Crucible Industries LLC, Carpenter Technology Corporation, Valbruna
Slater Stainless and Universal Stainless & Alloy Products.
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North America Stainless Steel Round
Bars Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• Cr-Ni
• Duplex & Super Duplex
• High Nickel Alloys
North
America Stainless Steel Round Bars Country Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2012 - 2022)
• U.S.
• Texas
• California
• Oklahoma
• Illinois
• Michigan
• North Dakota
• Alaska
• Mexico
• Canada
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