Duplex Stainless Steel Market 2026 – Forecast & Projected Growth

Global duplex stainless steel market will grow with CAGR of over 4% during 2021-2026, growing from more than $ 2.9 billion in 2019, Free Sample.
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The global duplex stainless steel market is forecast to exhibit a CAGR of over 4% during 2021-2026, growing from more than $ 2.9 billion in 2019, owing to the corrosion resistance, tensile strength, and durability of duplex stainless steel. Duplex stainless steel is twice as strong as ferric stainless steel and regular austenitic steel. Duplex stainless steel offers excellent resistance to corrosion and high mechanical strength ensuring more uptime than carbon steel and conventional steel. Moreover, increasing demand for duplex stainless steel from various end-use industries, such as chemical, oil & gas, pulp & paper, desalination, energy, and construction is likely to drive the demand for duplex stainless steel during the forecast period.

In terms of the end-use industry, the global duplex stainless steel market has been categorized into chemical, oil & gas, desalination, construction, and pulp & paper among others. Among the end-use industries, the oil & gas category is expected to account for a significant portion of the global market during the forecast period due to the increasing use of duplex stainless steel-based products in oil & gas exploration and production activities.

The asia-Pacific market for duplex stainless steel emerged as the leading market in 2020. The region is a major consumer of duplex stainless steel. The growth of the Asia-Pacific duplex stainless steel market can be attributed to increasing demand from the chemical and paper industries. The demand for duplex stainless steel is increasing in various countries, such as China, Japan, South Korea, and India. To meet this growing demand, top manufacturers from Europe and US are now focusing on the Asia-Pacific region to expand their businesses. Also, top market players in the steel industry are headquartered in the Asia-Pacific region, owing to which the region is also anticipated to witness steady growth during the forecast period.

The global duplex stainless steel market is highly fragmented, with the presence of a large number of players across different regions. Mergers & acquisitions, expansions, new product launches, partnerships, joint ventures, and agreements are the various growth strategies adopted by major companies operating in the global duplex stainless steel market. Some of the major companies operating in the global duplex stainless steel market are Tata Steel Limited, Outokumpu OYJ, ArcelorMittal S.A., Nippon Steel & Sumikin Stainless Steel Corporation, Thyssenkrupp AG, among others.

Years considered for this report:

  • Historical Years: 2016-2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022-2026

 

The objective of the Study:

  • To analyze and forecast the global duplex stainless steel market size.
  • To forecast the global duplex stainless steel market based on grade, product form, end-use industry, and regional distribution.
  • To identify drivers and challenges for the global duplex stainless steel market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global duplex stainless steel market.
  • To conduct the pricing analysis for the global duplex stainless steel market.
  • To identify and analyze the profile of leading players operating in the global duplex stainless steel market.

Click Now to download Free sample @ https://www.techsciresearch.com/sample-report.aspx?cid=3920

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of duplex stainless steel manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels, and presence of all major manufacturers across the globe.

TechSci Research calculated the global duplex stainless steel market size using a top-down approach, where data for various applications across various end-user segments was recorded and a forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Duplex stainless steel manufacturers and other stakeholders
  • Duplex stainless steel end-user industries
  • Government bodies such as regulating authorities and policymakers
  • Organizations, forums, and alliances related to the duplex stainless steel market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on the growth of the market.

Report Scope:

In this report, the global duplex stainless steel market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Grade
    • Duplex
    • Lean Duplex
    • Super & Hyper Duplex
  • Market, by Product Form
    • Tubes
    • Pumps & Valves
    • Fittings & Flanges
    • Welding Wires
    • Rebar & Mesh
    • Others
  • Market, by End Use Industry
    • Oil & Gas
    • Desalination
    • Chemical
    • Construction
    • Pulp & Paper
    • Others
  • Market, By Region:
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • North America
      • United States
      • Mexico
      • Canada
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Iran
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global duplex stainless steel market.

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Table of Content

  1. Product Overview
  2. Research Methodology
  3. Executive Summary
  4. Impact of COVID-19 on the Global Duplex Stainless Steel Market
  5. Voice of Customer

5.1.  Factors considered while selecting a supplier

5.2.  Product awareness and applicability & usage analysis

5.3.  Challenges/issues faced post-purchase

5.4.  Unmet needs

  1. Global Duplex Stainless Steel Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Grade (Duplex; Lean Duplex; Super & Hyper Duplex)

6.2.2.     By Product Form (Tubes; Pumps & Valves; Fittings & Flanges; Welding Wires; Rebar & Mesh; Others)

6.2.3.     By End Use Industry (Oil & Gas; Desalination; Chemical; Construction; Pulp & Paper; Others)

6.2.4.     By Region (Asia-Pacific; North America; Middle East & Africa; Europe; South America)

6.2.5.     By Company (2020)

6.3.  Market Attractiveness Index (By Grade; By Product Form; By End Use Industry; By Region)

  1. Asia-Pacific Duplex Stainless Steel Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Grade

7.2.2.     By Product Form

7.2.3.     By End Use Industry

7.2.4.     By Country

7.3.  China Duplex Stainless Steel Market Outlook

7.3.1.     Market Size & Forecast

7.3.1.1.         By Value

7.3.2.     Market Share & Forecast

7.3.2.1.         By Grade

7.3.2.2.         By End Use Industry

7.4.  India Duplex Stainless Steel Market Outlook

7.4.1.     Market Size & Forecast

7.4.1.1.         By Value

7.4.2.     Market Share & Forecast

7.4.2.1.         By Grade

7.4.2.2.         By End Use Industry

7.5.  Japan Duplex Stainless Steel Market Outlook

7.5.1.     Market Size & Forecast

7.5.1.1.         By Value

7.5.2.     Market Share & Forecast

7.5.2.1.         By Grade

7.5.2.2.         By End Use Industry

7.6.  South Korea Duplex Stainless Steel Market Outlook

7.6.1.     Market Size & Forecast

7.6.1.1.         By Value

7.6.2.     Market Share & Forecast

7.6.2.1.         By Grade

7.6.2.2.         By End Use Industry

7.7.  Australia Duplex Stainless Steel Market Outlook

7.7.1.     Market Size & Forecast

7.7.1.1.         By Value

7.7.2.     Market Share & Forecast

7.7.2.1.         By Grade

7.7.2.2.         By End Use Industry

  1. North America Duplex Stainless Steel Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Grade

8.2.2.     By Product Form

8.2.3.     By End Use Industry

8.2.4.     By Country

8.3.  United States Duplex Stainless Steel Market Outlook

8.3.1.     Market Size & Forecast

8.3.1.1.         By Value

8.3.2.     Market Share & Forecast

8.3.2.1.         By Grade

8.3.2.2.         By End Use Industry

8.4.  Canada Duplex Stainless Steel Market Outlook

8.4.1.     Market Size & Forecast

8.4.1.1.         By Value

8.4.2.     Market Share & Forecast

8.4.2.1.         By Grade

8.4.2.2.         By End Use Industry

8.5.  Mexico Duplex Stainless Steel Market Outlook

8.5.1.     Market Size & Forecast

8.5.1.1.         By Value

8.5.2.     Market Share & Forecast

8.5.2.1.         By Grade

8.5.2.2.         By End Use Industry

  1. Middle East & Africa Duplex Stainless Steel Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Grade

9.2.2.     By Product Form

9.2.3.     By End Use Industry

9.2.4.     By Country

9.3.  South Africa Duplex Stainless Steel Market Outlook

9.3.1.     Market Size & Forecast

9.3.1.1.         By Value

9.3.2.     Market Share & Forecast

9.3.2.1.         By Grade

9.3.2.2.         By End Use Industry

9.4.  Saudi Arabia Duplex Stainless Steel Market Outlook

9.4.1.     Market Size & Forecast

9.4.1.1.         By Value

9.4.2.     Market Share & Forecast

9.4.2.1.         By Grade

9.4.2.2.         By End Use Industry

9.5.  UAE Duplex Stainless Steel Market Outlook

9.5.1.     Market Size & Forecast

9.5.1.1.         By Value

9.5.2.     Market Share & Forecast

9.5.2.1.         By Grade

9.5.2.2.         By End Use Industry

9.6.  Iran Duplex Stainless Steel Market Outlook

9.6.1.     Market Size & Forecast

9.6.1.1.         By Value

9.6.2.     Market Share & Forecast

9.6.2.1.         By Grade

9.6.2.2.         By End Use Industry

  1. Europe Duplex Stainless Steel Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Grade

10.2.2.  By Product Form

10.2.3.  By End Use Industry

10.2.4.  By Country

10.3.              Germany Duplex Stainless Steel Market Outlook

10.3.1.  Market Size & Forecast

10.3.1.1.      By Value

10.3.2.  Market Share & Forecast

10.3.2.1.      By Grade

10.3.2.2.      By End Use Industry

10.4.              France Duplex Stainless Steel Market Outlook

10.4.1.  Market Size & Forecast

10.4.1.1.      By Grade

10.4.1.2.      By Value

10.4.2.  Market Share & Forecast

10.4.2.1.      By End Use Industry

10.5.              United Kingdom Duplex Stainless Steel Market Outlook

10.5.1.  Market Size & Forecast

10.5.1.1.      By Value

10.5.2.  Market Share & Forecast

10.5.2.1.      By Grade

10.5.2.2.      By End Use Industry

10.6.              Spain Duplex Stainless Steel Market Outlook

10.6.1.  Market Size & Forecast

10.6.1.1.      By Value

10.6.2.  Market Share & Forecast

10.6.2.1.      By Grade

10.6.2.2.      By End Use Industry

10.7.              Italy Duplex Stainless Steel Market Outlook

10.7.1.  Market Size & Forecast

10.7.1.1.      By Value

10.7.2.  Market Share & Forecast

10.7.2.1.      By Grade

10.7.2.2.      By End Use Industry

  1. South America Duplex Stainless Steel Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Grade

11.2.2.  By Product Form

11.2.3.  By End Use Industry

11.2.4.  By Country

11.3.              Brazil Duplex Stainless Steel Market Outlook

11.3.1.  Market Size & Forecast

11.3.1.1.      By Value

11.3.2.  Market Share & Forecast

11.3.2.1.      By Grade

11.3.2.2.      By End Use Industry

11.4.              Argentina Duplex Stainless Steel Market Outlook

11.4.1.  Market Size & Forecast

11.4.1.1.      By Value

11.4.2.  Market Share & Forecast

11.4.2.1.      By Grade

11.4.2.2.      By End Use Industry

11.5.              Colombia Duplex Stainless Steel Market Outlook

11.5.1.  Market Size & Forecast

11.5.1.1.      By Value

11.5.2.  Market Share & Forecast

11.5.2.1.      By Grade

11.5.2.2.      By End Use Industry

  1. Market Dynamics

12.1.              Drivers

12.2.              Challenges

  1. Market Trends & Developments
  2. Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles

14.2.1.  Basic Details

14.2.2.  Financials (As reported)

14.2.3.  Supply Chain Analysis

14.2.4.  Key Market Focus and Geographical Presence

14.2.5.  Planned Investments

14.2.6.  Pricing of Target Products

14.2.7.  Market positioning

14.3.              Global Players Profiled (Leading Companies)

14.3.1    Tata Steel

14.3.2    Outokumpu OYJ

14.3.3    Sandvik Materials Technology

14.3.4    Arcelormittal S.A.

14.3.5    Jindal Steel & Power Ltd.

14.3.6    POSCO

14.3.7    Nippon Steel & Sumikin Stainless Steel Corporation

14.3.8    Thyssenkrupp AG

14.3.9    Kobelco Steel Tube Co., Ltd.

14.3.10 Rolled Alloys

  1. Strategic Recommendations

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