A new report published by Transparency Market Research anticipates that the ease of availability of raw material the Asia Pacific will influence the global corrosion resistant alloys market growth during the forecast period i.e., 2017-2025. The countries impacting the growth of the global corrosion resistant alloys market in the region are India, Japan, and China.

The TMR report has segmented the global corrosion resistant alloys market on the basis of regional perspective into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Among these, Asia Pacific is prognosticated to dominate the global market owing to the rise of the process industries in numerous key economies in within the region.

As per the report, this will boost the global corrosion resistant alloys market to its remarkable growth. At the same time, North America and some parts of Europe will contribute a significant demand for corrosion resistant alloys. The report ascribes this growth to a widespread demand for corrosion resistant alloys in automobile and marine segments.

The TMR report has included some of the major players operating in the global corrosion resistant alloys market to give a better landscape and these are Nippon Steel & Sumitomo Metal Corp., Special Metals Corporation, L.P., Advanced Metallurgical Group N.V., Corrosion Resistant Alloys, Hitachi Metals MMC Superalloy, Ltd., and Haynes International, Inc.

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