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.
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.
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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.
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.
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:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global duplex stainless steel market.
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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
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)
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
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
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
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
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
12.1. Drivers
12.2. Challenges
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
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