The global stainless steel market was valued at more than 110 billion dollars in 2019. It only grows and is predicted to increase at a 6.3 percent CAGR in terms of revenue from 2020 to 2027.
Stainless steel is used in a variety of sectors nowadays. Because of its numerous advantages, it is simply the most effective choice for most applications.
This article will take a deeper look at the various sectors that benefit most from it.
Industries That Use Stainless Steel the Most
Did you know that stainless steel made its initial appearance in the building industry? It was the Art Deco era.
Because of its flexibility, strength, and corrosion resistance, stainless steel has become a significant component in a modern building, whether residential, commercial, or even artistic projects.
Stainless steel is commonly used in building outside cladding, but it is also employed in interior features such as worktops, railings, backsplashes, and more.
Today’s growing trend of sustainability and eco-friendliness has further boosted the popularity of stainless steel. As previously stated, stainless steel is recyclable and is frequently composed of 90 percent recycled metal.
Furthermore, bust stainless steel in grain or polished finish allows natural light into a building, reducing energy consumption and increasing sustainability.
2. Food And Kitchenware Industry
Stainless steel is the material of choice for kitchenware and food carrying purposes thanks to its unparalleled durability and resistance to corrosion.
For kitchenware like pots, pans, cutlery, and kitchen appliances, stainless steel is the ideal material since it’s non-reactive, not porous, durable and resilient, and also easy to clean.
Stainless steel is also used as an alternative to aluminum foil due to its non-stick and non-toxic properties.
3. Automotive Industry
Stainless steel plays a vital role in the automotive industry, especially in manufacturing cars, trains, and other vehicles.
From the exterior to the interior, stainless steel is used in almost every part of a car. Some of the most common uses include:
- Stainless steel dashboards
- Interior accessories
- Stainless steel body panels
- Stainless steel luggage racks
Stainless steel is also used for its corrosion resistance, endurance, and strength. Therefore, it’s also used for other components like the hood, doors, and bumpers.
4. Medical And Pharmaceutical Industry
Stainless steel is used in the medical, dental, and pharmaceutical industry. These industries have the most sophisticated and sensitive equipment. Therefore, they’re known to have some of the highest demands in terms of metal strength and durability.
Stainless steel is the best material to use since it is non-toxic, non-reactive, and easy to clean.
Medical needles and surgical blades are often made of stainless steel due to their superior sharpness and rust resistance.
5. Oil And Gas Industry
Steel also plays a vital role in the oil and gas industry.
In fact, the oil and gas industry is often regarded as the biggest consumers of stainless steel in the world today. For example, stainless steel is used for all oil pipelines and for offshore applications, such as derricks, drilling rigs, and platforms.
This is because the saltwater environment can be tough on steel, but stainless steel’s durability and corrosion resistance is the best choice in the industry.
In addition, these steel parts are often coated with an additional layer of zinc or other corrosion-resistant materials to reduce corrosion further.
Today, the world faces increasing challenges in terms of pollution and global warming. This has led to the increasing popularity of building and installing eco-friendly and sustainable projects.
This factor is also working in favor of stainless steel since it is recyclable, often comprised of up to 90 percent recycled metal. Today and in the upcoming years, we will continue to see even greater uses of stainless steel in many industries.
If you need a reliable steel distributor in Birmingham, AL, get in touch with KGS Steel Birmingham. We proudly continue Andrew Carnegie’s tradition of offering the best steel in the market. Check out our inventory now!