NEW YORK, March 16, 2018 (GLOBE NEWSWIRE) -- Among all sheet metals steel is widely used in sheet metal fabrication in industries. 301 Stainless steel is a austenitic steel and its chemical composition contains 17% Chromium and 7% Nickel. 301 Stainless steel is modified 304 steel. In this Chromium and Nickel amount is reduced than 304 to obtain variety of cold work hardening range. In annealed condition it acts as non-magnetic but it becomes magnetic in cold work conditions. 301 possesses better corrosion resistance than 304. 301 steel does not get hard when exposed to heat. It can withstand temperature up to 1600⁰ F (810⁰ C). They contains weldability property. They possesses formability property but intermediate annealing is important in severe forming and drawing. They are very tough and ductile.
Depending on product type 301 stainless steel is categorised into 4 types i.e. 301 Annealed, 301 1/4 Hard, 301 1/2 Hard and 301 Full Hard. ¼ hard steel is more ductile. It develops minimum tensile strength of 125,000 PSI, yield strength of 75,000 PSI and elongation of 25% in 2 inches. ½ hard steel can have tensile strength of 150,000 PSI and yield strength of 110,000 PSI and elongation of 15-18% in 2 inches. ¾ hard can have tensile strength of 175,000 PSI and yield strength of 135,000 PSI and elongation of 10-12% in 2 inches. Full hard steel can have tensile strength of 185,000 PSI and yield strength of 140,000 PSI and elongation of 8-9% in 2 inches. Full hard steel posses all mechanical properties and fatigueless desired for spring. 301 stainless steel is used in various applications including architectural cladding, handrails, drainage and water systems, wall support, roofing, and structures and fixing. It is used to make structural parts of aircrafts, trailer bodies and conveyor parts.
Geographically, Global 301 Stainless Steel Market is segmented into regions North America, Europe, China, Japan, Southeast Asia, India, Africa and Latin America. Currently, North America is the leading market for 301 stainless steel. It is estimated that during forecast period, Asia pacific and Europe will show remarkable growth in this market. This is because fabrication of sheet metal industries are growing in these regions which will be major driver of this market in these regions.
Profshare Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users / regions. Our study on 301 Stainless Steel Market helps user to make precise decision in order to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players in 301 Stainless Steel Market. Report also covers financial overview, market strategies, new product analysis and marketing trends. Precise Competitive analysis helps businesses to build new product strategies.
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301 Stainless Steel Market : By Product Type
• 301 Annealed
• 301 1/4 Hard
• 301 1/2 Hard
• 301 Full Hard
301 Stainless Steel Market : End Users/ Applications
• Equipment Parts
• Computer Parts
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301 Stainless Steel Market : Companies Covered
• thyssenkrupp
• Arcelor
• POSCO
• YUSCO
• Acerinox
• Nippon Steel Corp.
• Fortune Hold Group
• AK Steel
• Penn Stainless
• NKS
• Atlas Steels
• United Performance Metals (UPM) (O’Neal)
• Rolled Metal Products
• Precision Steel Warehouse
• Ulbrich
• ESPI Metals
• Smiths Metal Centres Ltd
301 Stainless Steel Market report delivers comprehensive analysis of :
• Market Forecast for 2018-26
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis.
• End user/application Analysis
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