The global duplex stainless steel market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of the market can be attributed to the increasing demand for duplex stainless steel in various industries such as oil and gas, desalination, chemical, pulp and paper, construction industry etc, owing to its corrosion resistance properties. Duplex stainless steel is also used in various applications such as pipes & tubes (for water supply), valves (for water supply), fittings (for water supply) etc, which are used in various industries such as oil and gas industry, desalination industry etc, which are expected to drive the demand for duplex stainless steel over the forecast period.
Lean Duplex accounted for more than 50% share of total revenue generated from duplex stainless steel market in 2017 due to its high corrosion resistance properties compared with other types of duplex steels available in the market. Lean Duplex is also used extensively in oil & gas industry due to its high corrosion resistance properties against hydrocarbons present in crude oil or natural gas liquids that are corrosive towards other types of steels available on the market today.
- Increasing demand for stainless steel in the food and beverage industry is driving the growth of the Duplex Stainless Steel market.
- Increasing demand for stainless steel in the automotive industry is also driving the growth of the Duplex Stainless Steel market.
- Increasing demand for duplex stainless steel in oil and gas industry.
- Growing population, increasing disposable income, and rising urbanization are some other factors that are driving the growth of this market.
Industry Growth Insights published a new data on “Duplex Stainless Steel Market”. The research report is titled “Duplex Stainless Steel Market research by Types (Lean Duplex, Duplex, Super Duplex), By Applications (Oil & Gas Industry, Desalination Industry, Chemical Industry, Pulp & Paper Industry, Construction Industry, Others), By Players/Companies 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 , Jindal Steel & Power Ltd , Daido Steel Co. Ltd. , Nippon Yakin Kogyo Co. Ltd. , AK Steel Holding Corporation , Thyssenkrupp AG , Voestalpine AG , Carpenter Technology Corporation ”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Duplex Stainless Steel Market Research Report
By Type
Lean Duplex, Duplex, Super Duplex
By Application
Oil & Gas Industry, Desalination Industry, Chemical Industry, Pulp & Paper Industry, Construction Industry, Others
By Companies
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 , Jindal Steel & Power Ltd , Daido Steel Co. Ltd. , Nippon Yakin Kogyo Co. Ltd. , AK Steel Holding Corporation , Thyssenkrupp AG , Voestalpine AG , Carpenter Technology CorporationÂ
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Duplex Stainless Steel Market Report Segments:
The global Duplex Stainless Steel market is segmented on the basis of:
Types
Lean Duplex, Duplex, Super Duplex
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas Industry, Desalination Industry, Chemical Industry, Pulp & Paper Industry, Construction Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Outokumpu OYJÂ
- Tata SteelÂ
- Arcelormittal S.A.Â
- Nippon Steel & Sumikin Stainless Steel CorporationÂ
- Sandvik Materials Technology ABÂ
- Posco GroupÂ
- Acerinox S.A.Â
- Allegheny Technologies IncorporatedÂ
- Jindal Steel & Power LtdÂ
- Daido Steel Co. Ltd.Â
- Nippon Yakin Kogyo Co. Ltd.Â
- AK Steel Holding CorporationÂ
- Thyssenkrupp AGÂ
- Voestalpine AGÂ
- Carpenter Technology CorporationÂ
Highlights of The Duplex Stainless Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lean Duplex
- Duplex
- Super Duplex
- By Application:
- Oil & Gas Industry
- Desalination Industry
- Chemical Industry
- Pulp & Paper Industry
- Construction Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Duplex Stainless Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Duplex stainless steel is a type of stainless steel that has been treated with two different types of hardening processes. The first process creates a harder, more durable surface while the second process makes the metal more flexible. This allows duplex stainless steel to be easily formed into various shapes and can be welded without distortion or warping.
Some of the key players operating in the duplex stainless steel market are Outokumpu OYJ‚Â , Tata Steel‚Â , Arcelormittal S.A.‚Â , Nippon Steel & Sumikin Stainless Steel Corporation‚Â , Sandvik Materials Technology AB‚Â , Posco Group‚Â , Acerinox S.A.‚Â , Allegheny Technologies Incorporated‚Â , Jindal Steel & Power Ltd‚Â , Daido Steel Co. Ltd.‚Â , Nippon Yakin Kogyo Co. Ltd.‚Â , AK Steel Holding Corporation‚Â , Thyssenkrupp AG‚Â , Voestalpine AG‚Â , Carpenter Technology Corporation‚Â .
The duplex stainless steel market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Duplex Stainless Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Duplex Stainless Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Duplex Stainless Steel Market - Supply Chain
4.5. Global Duplex Stainless Steel Market Forecast
4.5.1. Duplex Stainless Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Duplex Stainless Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Duplex Stainless Steel Market Absolute $ Opportunity
5. Global Duplex Stainless Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Duplex Stainless Steel Market Size and Volume Forecast by Type
5.3.1. Lean Duplex
5.3.2. Duplex
5.3.3. Super Duplex
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Duplex Stainless Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Duplex Stainless Steel Market Size and Volume Forecast by Application
6.3.1. Oil & Gas Industry
6.3.2. Desalination Industry
6.3.3. Chemical Industry
6.3.4. Pulp & Paper Industry
6.3.5. Construction Industry
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Duplex Stainless Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Duplex Stainless Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Duplex Stainless Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Duplex Stainless Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Duplex Stainless Steel Demand Share Forecast, 2019-2026
9. North America Duplex Stainless Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Duplex Stainless Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Duplex Stainless Steel Market Size and Volume Forecast by Application
9.4.1. Oil & Gas Industry
9.4.2. Desalination Industry
9.4.3. Chemical Industry
9.4.4. Pulp & Paper Industry
9.4.5. Construction Industry
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Duplex Stainless Steel Market Size and Volume Forecast by Type
9.7.1. Lean Duplex
9.7.2. Duplex
9.7.3. Super Duplex
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Duplex Stainless Steel Demand Share Forecast, 2019-2026
10. Latin America Duplex Stainless Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Duplex Stainless Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Duplex Stainless Steel Market Size and Volume Forecast by Application
10.4.1. Oil & Gas Industry
10.4.2. Desalination Industry
10.4.3. Chemical Industry
10.4.4. Pulp & Paper Industry
10.4.5. Construction Industry
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Duplex Stainless Steel Market Size and Volume Forecast by Type
10.7.1. Lean Duplex
10.7.2. Duplex
10.7.3. Super Duplex
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Duplex Stainless Steel Demand Share Forecast, 2019-2026
11. Europe Duplex Stainless Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Duplex Stainless Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Duplex Stainless Steel Market Size and Volume Forecast by Application
11.4.1. Oil & Gas Industry
11.4.2. Desalination Industry
11.4.3. Chemical Industry
11.4.4. Pulp & Paper Industry
11.4.5. Construction Industry
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Duplex Stainless Steel Market Size and Volume Forecast by Type
11.7.1. Lean Duplex
11.7.2. Duplex
11.7.3. Super Duplex
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Duplex Stainless Steel Demand Share, 2019-2026
12. Asia Pacific Duplex Stainless Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Duplex Stainless Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Duplex Stainless Steel Market Size and Volume Forecast by Application
12.4.1. Oil & Gas Industry
12.4.2. Desalination Industry
12.4.3. Chemical Industry
12.4.4. Pulp & Paper Industry
12.4.5. Construction Industry
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Duplex Stainless Steel Market Size and Volume Forecast by Type
12.7.1. Lean Duplex
12.7.2. Duplex
12.7.3. Super Duplex
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Duplex Stainless Steel Demand Share, 2019-2026
13. Middle East & Africa Duplex Stainless Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Duplex Stainless Steel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Duplex Stainless Steel Market Size and Volume Forecast by Application
13.4.1. Oil & Gas Industry
13.4.2. Desalination Industry
13.4.3. Chemical Industry
13.4.4. Pulp & Paper Industry
13.4.5. Construction Industry
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Duplex Stainless Steel Market Size and Volume Forecast by Type
13.7.1. Lean Duplex
13.7.2. Duplex
13.7.3. Super Duplex
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Duplex Stainless Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Duplex Stainless Steel Market: Market Share Analysis
14.2. Duplex Stainless Steel Distributors and Customers
14.3. Duplex Stainless Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Outokumpu OYJ
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tata Steel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Arcelormittal S.A.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nippon Steel & Sumikin Stainless Steel Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sandvik Materials Technology AB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Posco Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Acerinox S.A.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Allegheny Technologies Incorporated
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jindal Steel & Power Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Daido Steel Co. Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nippon Yakin Kogyo Co. Ltd.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. AK Steel Holding Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Thyssenkrupp AG
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Voestalpine AG
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Carpenter Technology Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
