Stainless Steel Forgings Market - Forecast 2021 - 2026

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Stainless Steel Forgings MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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• Stainless Steel Forgings market size is forecast
  to reach US8.2 billion by 2026, after growing at
  a CAGR of 4.5 during 2021-2026. Stainless steel
  forgings are extremely durable, offer high
  corrosion resistance and high heat resistance,
  which makes them ideal for use in a versatile
  range of manufacturing industries. The ability of
  stainless steel to create a protective oxide
  layer that extends the life of pressure vessel
  components and flanges is the major factor
  responsible for the growth of the market. The
  demand for stainless steel forgings is being
  driven by stainless steel's high recyclability.
  Companies are adapting to highly advanced forging
  technologies to gain a competitive edge in
  traditional markets, such as mass production and
  commodities markets, where manufacturers are
  facing increasing competitive pressure. 

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• Key Takeaways
• Expansion in the construction industry coupled
  with advanced features of stainless steel
  forgings such as excellent inherent forge
  ability, higher ductility, cryogenic toughness,
  high corrosion resistance, and high heat
  resistance are some of the factors that are
  boosting the market growth.
• Furthermore, the demand for stainless steel
  forgings in the energy sector is expected to rise
  as the number of grid installations in developing
  countries increases.
• However, the availability of substitute materials
  such as aluminum is expected to act as a
  restraint for the industry.

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By Distribution Channel- Segment Analysis The
open die forging segment held the largest share
in the stainless steel forgings market in 2020.
Two flat or simply shaped dies are used to apply
pressure to the base material from both sides in
open die forging. The material is formed into the
desired shape by repeatedly applying high-level
compression or hammering to the die. The process
can accommodate the creation of larger and
heavier components because the dies used do not
completely enclose the base material (hence the
open die designation) and allow for lateral
movement. 
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• Stainless Steel Forgings
  Market Outlook 
•  All Metals Forge Group
• LLC, Wichard, Inc
• Ellwood Closed Die Group
• ISGEC Heavy Engineering Ltd
• Bourdon Forge Company, Inc
• Tarunsika Inc
• Precision Castparts Corporation
• Keystone Forging Co
• Sintex A/S
• PSM Industries, Inc
• Harsh Steel Trade Pvt Ltd

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Stainless Steel Forgings Market -
Forecast 2021 - 2026 Learn More About the
Report _at_ https//www.industryarc.com/Research/S
tainless-Steel-Forgings-Market-Research-503572
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• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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