The global lean 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 this market is driven by the increasing demand for lean duplex stainless steel in various industries such as oil and gas, desalination, chemical, pulp and paper, construction industry etc, which are witnessing an increase in their production activities due to the rise in population and economic growth across the globe.
The global lean duplex stainless steel market has been segmented on the basis of type (tubes, pumps & valves, fittings & flanges), application (oil & gas industry, desalination industry, chemical industry), and region (North America; Latin America; Europe; Asia Pacific; Middle East & Africa). The North American region is expected to dominate this market with a share of over 40% during the forecast period owing to its high consumption rate for various industrial applications such as oil and gas industry etc, followed by Europe with a share of over 30%.
Some Of The Growth Factors Of This Market:
- Duplex stainless steel has a high corrosion resistance and can be used in various applications such as chemical processing, oil and gas production, food processing, and water treatment plants.
- Duplex stainless steel has a low carbon content that makes it more environmentally friendly than other types of stainless steel alloys such as austenitic or ferritic alloys.
- Duplex stainless steels are resistant to chloride stress corrosion cracking (CSCC) which makes them suitable for use in marine environments.
- The price of duplex stainless steels is relatively high compared with other types of stainless steels.
Industry Growth Insights published a new data on “Lean Duplex Stainless Steel Market”. The research report is titled “Lean Duplex Stainless Steel Market research by Types (Tubes, Pumps & Valves, Fittings & Flanges, Rebar & Mesh, Welding Wires, Others), By Applications (Oil & Gas Industry, Desalination Industry, Chemical Industry, Pulp & Paper Industry, Construction Industry, Others), By Players/Companies Outokumpu Oyj (Finland), Tata Steel (India), Jindal Steel (India), ArcelorMittal S.A. (Luxembourg), POSCO Group (South Korea), Acerinox S.A. (Spain), Sandvik Materials Technology AB (Sweden), Allegheny Technologies Incorporated (U.S.), Daido Steel Co., Ltd. (Japan), Nippon Yakin Kogyo Co Ltd. (Japan), AK Steel Holding Corporation (U.S.)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lean Duplex Stainless Steel Market Research Report
By Type
Tubes, Pumps & Valves, Fittings & Flanges, Rebar & Mesh, Welding Wires, Others
By Application
Oil & Gas Industry, Desalination Industry, Chemical Industry, Pulp & Paper Industry, Construction Industry, Others
By Companies
Outokumpu Oyj (Finland), Tata Steel (India), Jindal Steel (India), ArcelorMittal S.A. (Luxembourg), POSCO Group (South Korea), Acerinox S.A. (Spain), Sandvik Materials Technology AB (Sweden), Allegheny Technologies Incorporated (U.S.), Daido Steel Co., Ltd. (Japan), Nippon Yakin Kogyo Co Ltd. (Japan), AK Steel Holding Corporation (U.S.)
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Lean Duplex Stainless Steel Market Report Segments:
The global Lean Duplex Stainless Steel market is segmented on the basis of:
Types
Tubes, Pumps & Valves, Fittings & Flanges, Rebar & Mesh, Welding Wires, Others
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 Oyj (Finland)
- Tata Steel (India)
- Jindal Steel (India)
- ArcelorMittal S.A. (Luxembourg)
- POSCO Group (South Korea)
- Acerinox S.A. (Spain)
- Sandvik Materials Technology AB (Sweden)
- Allegheny Technologies Incorporated (U.S.)
- Daido Steel Co., Ltd. (Japan)
- Nippon Yakin Kogyo Co Ltd. (Japan)
- AK Steel Holding Corporation (U.S.)
Highlights of The Lean 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:
- Tubes
- Pumps & Valves
- Fittings & Flanges
- Rebar & Mesh
- Welding Wires
- Others
- 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 Lean 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?
Lean Duplex Stainless Steel is a type of stainless steel that has been specifically designed to resist corrosion. It is also known as 18/8 stainless steel, because it contains 18% chromium and 8% nickel.
Some of the major companies in the lean duplex stainless steel market are Outokumpu Oyj (Finland), Tata Steel (India), Jindal Steel (India), ArcelorMittal S.A. (Luxembourg), POSCO Group (South Korea), Acerinox S.A. (Spain), Sandvik Materials Technology AB (Sweden), Allegheny Technologies Incorporated (U.S.), Daido Steel Co., Ltd. (Japan), Nippon Yakin Kogyo Co Ltd. (Japan), AK Steel Holding Corporation (U.S.).
The lean duplex stainless steel market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lean 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. Lean 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. Lean Duplex Stainless Steel Market - Supply Chain
4.5. Global Lean Duplex Stainless Steel Market Forecast
4.5.1. Lean Duplex Stainless Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lean Duplex Stainless Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lean Duplex Stainless Steel Market Absolute $ Opportunity
5. Global Lean 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. Lean Duplex Stainless Steel Market Size and Volume Forecast by Type
5.3.1. Tubes
5.3.2. Pumps & Valves
5.3.3. Fittings & Flanges
5.3.4. Rebar & Mesh
5.3.5. Welding Wires
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lean 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. Lean 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 Lean 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. Lean 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 Lean 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. Lean 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 Lean Duplex Stainless Steel Demand Share Forecast, 2019-2026
9. North America Lean 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 Lean 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 Lean 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 Lean Duplex Stainless Steel Market Size and Volume Forecast by Type
9.7.1. Tubes
9.7.2. Pumps & Valves
9.7.3. Fittings & Flanges
9.7.4. Rebar & Mesh
9.7.5. Welding Wires
9.7.6. Others
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 Lean Duplex Stainless Steel Demand Share Forecast, 2019-2026
10. Latin America Lean 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 Lean 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 Lean 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 Lean Duplex Stainless Steel Market Size and Volume Forecast by Type
10.7.1. Tubes
10.7.2. Pumps & Valves
10.7.3. Fittings & Flanges
10.7.4. Rebar & Mesh
10.7.5. Welding Wires
10.7.6. Others
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 Lean Duplex Stainless Steel Demand Share Forecast, 2019-2026
11. Europe Lean 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 Lean 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 Lean 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 Lean Duplex Stainless Steel Market Size and Volume Forecast by Type
11.7.1. Tubes
11.7.2. Pumps & Valves
11.7.3. Fittings & Flanges
11.7.4. Rebar & Mesh
11.7.5. Welding Wires
11.7.6. Others
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 Lean Duplex Stainless Steel Demand Share, 2019-2026
12. Asia Pacific Lean 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 Lean 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 Lean 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 Lean Duplex Stainless Steel Market Size and Volume Forecast by Type
12.7.1. Tubes
12.7.2. Pumps & Valves
12.7.3. Fittings & Flanges
12.7.4. Rebar & Mesh
12.7.5. Welding Wires
12.7.6. Others
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 Lean Duplex Stainless Steel Demand Share, 2019-2026
13. Middle East & Africa Lean 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 Lean 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 Lean 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 Lean Duplex Stainless Steel Market Size and Volume Forecast by Type
13.7.1. Tubes
13.7.2. Pumps & Valves
13.7.3. Fittings & Flanges
13.7.4. Rebar & Mesh
13.7.5. Welding Wires
13.7.6. Others
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 Lean Duplex Stainless Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lean Duplex Stainless Steel Market: Market Share Analysis
14.2. Lean Duplex Stainless Steel Distributors and Customers
14.3. Lean Duplex Stainless Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Outokumpu Oyj (Finland)
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 (India)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jindal Steel (India)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ArcelorMittal S.A. (Luxembourg)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. POSCO Group (South Korea)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Acerinox S.A. (Spain)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sandvik Materials Technology AB (Sweden)
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 (U.S.)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Daido Steel Co., Ltd. (Japan)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nippon Yakin Kogyo Co Ltd. (Japan)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. AK Steel Holding Corporation (U.S.)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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.
