Market Overview:
The global duplex stainless steel plate market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for duplex stainless steel plates from various end-use industries, such as offshore oil and gas, chemical process industry, chemical tankers / shipbuilding, desalination / water treatment, pulp & paper, air pollution control and architectural building & construction. In addition, the growing demand for hyper duplex stainless steel plates is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On basis of type: Lean Duplex Stainless Steel Plate accounted for majority share in 2017 and is projected to grow at highest CAGR over next 10 years Standard Duplex Stainless Steel Plate held second largest share in 2017 and Super Duplex Stainless Steel Plate captured third largest share Hyper Duplex Stainless Steel Plate will register highest CAGR over next 10 years On basis of application: Offshore Oil.
Product Definition:
A duplex stainless steel is a ferrous alloy that contains at least 10.5% chromium and 4.5% nickel and has been designed to have improved resistance to localized corrosion, pitting and crevice corrosion. Duplex alloys also have high strength and toughness when compared to austenitic stainless steels, making them ideal for use in applications where both strength and resistance to localized corrosion are required.
Lean Duplex:
The global lean duplex market is expected to witness significant growth over the forecast period. Duplex stainless steel plate is a type of metal alloy, consisting of about 50% by weight of nickel and chromium along with iron and other metals. It has excellent mechanical properties such as high strength, hardness, wear resistance and corrosion resistance at an economical cost.
Standard Duplex:
The standard duplex stainless steel plate is a two-sided, mirror image pair of sheets of stainless steel. The plates are manufactured by rolling two separate pieces of metal into a single workable unit and are used in various industries including food processing, chemical processing, petrochemical and power generation industries. Duplex stainless steel plate finds its major application in the food & beverage industry owing to properties such as stain resistance & high flash point which makes it ideal for cooking as well as serving purposes.
Application Insights:
The chemical process industry accounted for the largest share of more than 30.0% in 2017. The segment is driven by increasing demand for chemicals from various industries, including oil and gas, pulp and paper, mining, pharmaceuticals, food processing and metalworking. In addition to this growth driver Duplex stainless steel plates are used in multilayer packaging systems owing to its excellent barrier properties against oxygen as well as moisture which enhance product shelf life.
Duplex stainless steel plates are widely used across the architectural sector owing to their corrosion resistance coupled with aesthetic appeal making it a popular choice among designers and architects worldwide. The plate is witnessing growing use across building & construction applications due to its high strength-to-weight ratio which makes it ideal for structural components such as beams along with decorative elements such as grills on windows & doors where aesthetics matter most over durability or functionality concerns that may arise from other types of materials used in the same component instance (such as glass).
Regional Analysis:
Asia Pacific dominated the global duplex stainless steel plate market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction and infrastructure activities in emerging economies such as China, India, Indonesia, Vietnam and Thailand. In addition, rising demand for chemical processing equipment due to rapid industrialization is anticipated to propel product demand over the coming years.
The presence of major stainless steel manufacturers including POSCO Corporation; Nippon Steel & Sumitomo Metal Corp.; JFE Corporation; Tokyo Gas Co.; Ltd.; Andhra Pradesh Stainless Steel Plant; Rashmi Sinha Group of Industries (RSSGI); Lanjiaman Stainless Steels (LSS) Ltd., etc., has resulted in huge production capacity across Asia Pacific region which has further fueled product consumption across various end-use industries such as Offshore Chemical and Petrochemicals sector for manufacturing offshore vessels or chemical process industry for manufacturing chemicals among others.
Growth Factors:
- Increasing demand from end-use industries: Duplex Stainless Steel Plate is finding increasing application in various end-use industries, owing to its properties such as high strength, corrosion resistance and durability. This is likely to propel the market growth in the near future.
- Growing popularity of duplex stainless steel grades: Duplex stainless steel grades are becoming increasingly popular due to their superior properties as compared to other types of stainless steels. This is anticipated to boost the demand for duplex stainless steel plates in the coming years.
- Rising investments in infrastructure development: The global infrastructure sector is witnessing a surge in investments, which is expected to create lucrative opportunities for the duplex stainless steel plate market over the next few years.
- Technological advancements: The manufacturers of duplex stainless steel plates are focusing on technological advancements to improve product quality and performance characteristics.. This is likely to fuel market growth over the forecast period.. 5) Growing awareness about benefits of using duplex Stainless Steel Plate : There has been a rise in awareness about benefits offered by using DUPLEX Stainless Steel Plates among consumers across different regions worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Duplex Stainless Steel Plate Market Research Report
By Type
Lean Duplex, Standard Duplex, Super Duplex, Hyper Duplex
By Application
Offshore Oil and Gas, Chemical Process Industry, Chemical Tankers / Shipbuilding, Desalination / Water Treatment, Pulp & Paper, Air Pollution Control, Architectural, Building & Construction, Others
By Companies
Outokumpu, Sandvik, Butting, ArcelorMittal, ThyssenKrupp, NSSMC, POSCO, Tata Steel, JFE, Sosta, Outokumpu, Tenaris, Tubacex, Metline Industries, Baosteel, TISCO
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Duplex Stainless Steel Plate Market Report Segments:
The global Duplex Stainless Steel Plate market is segmented on the basis of:
Types
Lean Duplex, Standard Duplex, Super Duplex, Hyper 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
Offshore Oil and Gas, Chemical Process Industry, Chemical Tankers / Shipbuilding, Desalination / Water Treatment, Pulp & Paper, Air Pollution Control, Architectural, Building & Construction, 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
- Sandvik
- Butting
- ArcelorMittal
- ThyssenKrupp
- NSSMC
- POSCO
- Tata Steel
- JFE
- Sosta
- Outokumpu
- Tenaris
- Tubacex
- Metline Industries
- Baosteel
- TISCO
Highlights of The Duplex Stainless Steel Plate 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
- Standard Duplex
- Super Duplex
- Hyper Duplex
- By Application:
- Offshore Oil and Gas
- Chemical Process Industry
- Chemical Tankers / Shipbuilding
- Desalination / Water Treatment
- Pulp & Paper
- Air Pollution Control
- Architectural, Building & Construction
- 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 Plate 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 plate is a type of stainless steel that has been treated to have two layers of metal. This makes it stronger and more resistant to corrosion.
Some of the major companies in the duplex stainless steel plate market are Outokumpu, Sandvik, Butting, ArcelorMittal, ThyssenKrupp, NSSMC, POSCO, Tata Steel, JFE, Sosta, Outokumpu, Tenaris, Tubacex, Metline Industries, Baosteel, TISCO.
The duplex stainless steel plate market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Duplex Stainless Steel Plate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Duplex Stainless Steel Plate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Duplex Stainless Steel Plate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Duplex Stainless Steel Plate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Duplex Stainless Steel Plate Market Size & Forecast, 2018-2028
4.5.1 Duplex Stainless Steel Plate Market Size and Y-o-Y Growth
4.5.2 Duplex Stainless Steel Plate Market Absolute $ Opportunity
Chapter 5 Global Duplex Stainless Steel Plate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Duplex Stainless Steel Plate Market Size Forecast by Type
5.2.1 Lean Duplex
5.2.2 Standard Duplex
5.2.3 Super Duplex
5.2.4 Hyper Duplex
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Duplex Stainless Steel Plate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Duplex Stainless Steel Plate Market Size Forecast by Applications
6.2.1 Offshore Oil and Gas
6.2.2 Chemical Process Industry
6.2.3 Chemical Tankers / Shipbuilding
6.2.4 Desalination / Water Treatment
6.2.5 Pulp & Paper
6.2.6 Air Pollution Control
6.2.7 Architectural
6.2.8 Building & Construction
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Duplex Stainless Steel Plate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Duplex Stainless Steel Plate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Duplex Stainless Steel Plate Analysis and Forecast
9.1 Introduction
9.2 North America Duplex Stainless Steel Plate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Duplex Stainless Steel Plate Market Size Forecast by Type
9.6.1 Lean Duplex
9.6.2 Standard Duplex
9.6.3 Super Duplex
9.6.4 Hyper Duplex
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Duplex Stainless Steel Plate Market Size Forecast by Applications
9.10.1 Offshore Oil and Gas
9.10.2 Chemical Process Industry
9.10.3 Chemical Tankers / Shipbuilding
9.10.4 Desalination / Water Treatment
9.10.5 Pulp & Paper
9.10.6 Air Pollution Control
9.10.7 Architectural
9.10.8 Building & Construction
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Duplex Stainless Steel Plate Analysis and Forecast
10.1 Introduction
10.2 Europe Duplex Stainless Steel Plate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Duplex Stainless Steel Plate Market Size Forecast by Type
10.6.1 Lean Duplex
10.6.2 Standard Duplex
10.6.3 Super Duplex
10.6.4 Hyper Duplex
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Duplex Stainless Steel Plate Market Size Forecast by Applications
10.10.1 Offshore Oil and Gas
10.10.2 Chemical Process Industry
10.10.3 Chemical Tankers / Shipbuilding
10.10.4 Desalination / Water Treatment
10.10.5 Pulp & Paper
10.10.6 Air Pollution Control
10.10.7 Architectural
10.10.8 Building & Construction
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Duplex Stainless Steel Plate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Duplex Stainless Steel Plate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Duplex Stainless Steel Plate Market Size Forecast by Type
11.6.1 Lean Duplex
11.6.2 Standard Duplex
11.6.3 Super Duplex
11.6.4 Hyper Duplex
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Duplex Stainless Steel Plate Market Size Forecast by Applications
11.10.1 Offshore Oil and Gas
11.10.2 Chemical Process Industry
11.10.3 Chemical Tankers / Shipbuilding
11.10.4 Desalination / Water Treatment
11.10.5 Pulp & Paper
11.10.6 Air Pollution Control
11.10.7 Architectural
11.10.8 Building & Construction
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Duplex Stainless Steel Plate Analysis and Forecast
12.1 Introduction
12.2 Latin America Duplex Stainless Steel Plate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Duplex Stainless Steel Plate Market Size Forecast by Type
12.6.1 Lean Duplex
12.6.2 Standard Duplex
12.6.3 Super Duplex
12.6.4 Hyper Duplex
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Duplex Stainless Steel Plate Market Size Forecast by Applications
12.10.1 Offshore Oil and Gas
12.10.2 Chemical Process Industry
12.10.3 Chemical Tankers / Shipbuilding
12.10.4 Desalination / Water Treatment
12.10.5 Pulp & Paper
12.10.6 Air Pollution Control
12.10.7 Architectural
12.10.8 Building & Construction
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Duplex Stainless Steel Plate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Duplex Stainless Steel Plate Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Duplex Stainless Steel Plate Market Size Forecast by Type
13.6.1 Lean Duplex
13.6.2 Standard Duplex
13.6.3 Super Duplex
13.6.4 Hyper Duplex
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Duplex Stainless Steel Plate Market Size Forecast by Applications
13.10.1 Offshore Oil and Gas
13.10.2 Chemical Process Industry
13.10.3 Chemical Tankers / Shipbuilding
13.10.4 Desalination / Water Treatment
13.10.5 Pulp & Paper
13.10.6 Air Pollution Control
13.10.7 Architectural
13.10.8 Building & Construction
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Duplex Stainless Steel Plate Market: Competitive Dashboard
14.2 Global Duplex Stainless Steel Plate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Outokumpu
14.3.2 Sandvik
14.3.3 Butting
14.3.4 ArcelorMittal
14.3.5 ThyssenKrupp
14.3.6 NSSMC
14.3.7 POSCO
14.3.8 Tata Steel
14.3.9 JFE
14.3.10 Sosta
14.3.11 Outokumpu
14.3.12 Tenaris
14.3.13 Tubacex
14.3.14 Metline Industries
14.3.15 Baosteel
14.3.16 TISCO
