• Blog
  • x

    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Duplex Stainless Steel Market - Size, Share, Trend & Forecast Analysis

    Duplex Stainless Steel Market - Size, Share, Trend & Forecast Analysis

    Duplex Stainless Steel Market - Size, Share, Trend & Forecast Analysis
    Report code - SROG119 Delivery - 2 Weeks
    Duplex Stainless Steel Market Size, Share, Trend, Forecast, & Competitive Analysis.
    See more...
    Purchase Report
    notch

    Duplex Stainless Steel Market Insights

    Duplex Stainless Steel Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The increasing demand for duplex stainless steel from various end-use industries and its extensive use in oil & gas exploration activities is driving the market globally.

    Duplex Stainless Steel Market - Snapshot

    Growth

    5.2% for the next five years

    Major Grade Type

    Super duplex

    Dominant End-Use Industry Type

    Oil & gas segment

    Region with the highest demand

    Asia-Pacific

    Key Players

    Outokumpu OYJ, Tata Steel, Arcelormittal S.A., Nippon Steel & Sumikin Stainless Steel Corporation, Sandvik Materials Technology AB, Posco Group, Acerinox S.A., Allegheny Technologies Incorporated, and Indal Steel & Power Ltd.

    Wish to Get a Free Sample? Click here.

    Market Share Analysis

    Duplex Stainless Steel Market Share: By Grade Type

    Based on the grade type, the market is segmented as duplex, lean duplex, and super duplex. The super duplex segment is estimated to register the highest growth in the coming five years. Owing to its properties such as ability to manage corrosive and high-pressure situations, it is extensively used in oil & gas exploration activities, which in turn, drives the growth of this segment.

    Duplex Stainless Steel Market Share: By End-Use Industry Type

    Based on the end-use industry type, the market is segmented as oil & gas, desalination, chemical, pulp & paper, construction, and others. The oil & gas segment dominated the market in 2018. The growth is attributed to the increasing oil & gas exploration activities and the use of duplex stainless steel in various end-use industries.

    Duplex Stainless Steel Market Share: By Region

    In terms of regions, Asia-Pacific was the largest market for duplex stainless steel in 2018. Asia-Pacific is also expected to lead its dominance in the coming five years. China and India are the growth engines of the region. The market is sustained by the increasing use of duplex stainless steel in various end-use industries. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

    Duplex Stainless Steel Market: Key Players

    Some of the duplex stainless steel manufacturers are Outokumpu OYJ, Tata Steel, Arcelormittal S.A., Nippon Steel & Sumikin Stainless Steel Corporation, Sandvik Materials Technology AB, Posco Group, Acerinox S.A., Allegheny Technologies Incorporated, and Indal Steel & Power Ltd.

     

    Market Scope & segmentation

    Duplex stainless steel is a part of the steel family itself. It is named Duplex because its structure is made up of two phases and these are ferrite and austenite.

    Duplex stainless steel is available in different product forms such as tubes, pumps & valves, fittings & flanges, welding wires, rebar & mash, and others. Oil and Gas, Desalination, Pulp & Paper, Chemical, and Construction are some of the industries where Duplex stainless steel is used.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Duplex Stainless Steel Market Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The duplex stainless steel market is segmented into the following categories. 

    Duplex Stainless Steel Market Size, Share, & Forecast, by Grade Type:

    • Duplex (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lean Duplex (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Super Duplex (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Duplex Stainless Steel Market Size, Share, & Forecast, by Product Form Type:

    • Tubes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pumps & Valves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fittings & Flanges (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Welding Wires (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rebar & Mesh (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Duplex Stainless Steel Market Size, Share, & Forecast, by End-Use Industry Type:

    • Oil & Gas Industry
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Industry Analysis: Pipeline, Separators, Scrubbers, Pumps, and Others)
    • Desalination Industry
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Industry Analysis: Evaporators and Pressure Piping)
    • Pulp & Paper Industry
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Industry Analysis: Digesters, Reactors & Pressure Vessels, and Others)
    • Chemical Industry
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Industry Analysis: Chemical Reactors, Heat Exchangers, Pressure Vessels, and Others)
    • Construction Industry
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Industry Analysis: Bridges and Structural Components)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Duplex Stainless Steel Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product form types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    What is Duplex Stainless Steel?

    Duplex stainless steel is a part of the steel family itself. It is named Duplex because its structure is made up of two phases and these are ferrite and austenite. Duplex stainless steel is available in different product forms such as tubes, pumps & valves, fittings & flanges, welding wires, rebar & mash, and others. Oil and Gas, Desalination, Pulp & Paper, Chemical, and Construction are some of the industries where Duplex stainless steel is used.

    What will be the CAGR of the Duplex Stainless Steel Market?

    Duplex Stainless Steel Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The increasing demand for duplex stainless steel from various end-use industries and its extensive use in oil & gas exploration activities is driving the market globally.

    Which country/region is expected to remain the largest Duplex Stainless Steel Market?

    In terms of regions, Asia-Pacific was the largest market for duplex stainless steel in 2018.

    Who are the key players in the Duplex Stainless Steel Market?

    Some of the duplex stainless steel manufacturers are Outokumpu OYJ, Tata Steel, Arcelormittal S.A., Nippon Steel & Sumikin Stainless Steel Corporation, Sandvik Materials Technology AB, Posco Group, Acerinox S.A., Allegheny Technologies Incorporated, and Indal Steel & Power Ltd.

    •