DUBLIN, April 29, 2021 /PRNewswire/ -- The "Global Steel Market with Focus on Stainless Steel: Size, Trends & Forecasts (2021-2025 Edition)" report has been added to ResearchAndMarkets.com's offering.

"Global Steel Market with Focus on Stainless Steel: Size, Trends & Forecasts (2021-2025 Edition)"provides an in-depth analysis of the stainless steel market including detailed description of market sizing and growth.

The report provides analysis of the steel market by production and by demand. The report further provides detailed analysis of the global stainless steel market by value, by consumption, by production and by application and includes application; and regional production and consumption analysis as well. The global steel market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2025).

The market is expected to be driven by various growth enhancing factors such as rapid urbanization, growing investments in infrastructure sector, increasing automotive production, growing food industry etc. However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are volatility in raw material prices and rising market competitors.