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The global Stainless Steel Market size was valued at USD 111.4 billion in 2019 and is anticipated to witness a CAGR of 6.3% in terms of revenue from 2020 to 2027. Rising demand for consumer goods is likely to drive market growth as stainless steel is resistant to corrosion, exhibits high toughness and ductility, and requires low maintenance. The aforementioned properties of stainless steel have resulted in the increased utilization of the product in consumer products such as cookware, showpieces, and stoves, which in turn is anticipated to propel product demand over the coming years.
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