Global Duplex Stainless Steel Market By Grade (Duplex, Lean Duplex, Super and Hyper Duplex), Product Form (Tubes Pumps and Valves, Fittings and Flanges, Welding Wires, Rebar, Mesh and Others), End User Industry (Oil and Gas, Desalination, Chemical, Construction, Pulp and Paper and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the duplex stainless steel market will witness a CAGR of 4.47% for the forecast period of 2021-2028. Rising urbanization, modernization or growth in construction activities, rising application of duplex stainless steel by the various end user verticals owing to the properties like corrosion resistance, tensile strength and durability and increasing focus on sustainable industrial manufacturing processes are the major factors attributable to the growth of the recycled glass market.
Duplex stainless steel is stronger than regular steel. Duplex stainless steel offers greater resistance to corrosion and high mechanical strength. Duplex stainless steel is a combination of both ferritic and the austenitic grades, thus possessing greater properties.
Growth and expansion of the various end user verticals is the root cause fuelling up the duplex stainless steel market growth rate. Advantageous properties offered by duplex stainless steel are another factor responsible for propelling growth in the duplex stainless steel market value. Rising demand for duplex stainless steel by building and construction industry owing to the rising urbanization and growth in construction activities especially in the developing economies will further accelerate the market growth rate. Rising industrialization will also directly and positively impact the demand for recycled glass globally.
However, fluctuations in the prices of raw materials will pose a major challenge to the growth of the duplex stainless steel market. Duplex stainless steel can only be used at limited temperatures and this will further hamper the duplex stainless steel market growth rate.
This duplex stainless steel market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the duplex stainless steel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Duplex Stainless Steel Market Scope and Market Size
The duplex stainless steel market is segmented on the basis of grade, product form and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of grade, the duplex stainless steel market is segmented into duplex, lean duplex, super and hyper duplex.
- On the basis of product form, the duplex stainless steel market is segmented into tubes pumps and valves, fittings and flanges, welding wires, rebar, mesh and others.
- On the basis of end user industry, the duplex stainless steel market is segmented into and oil and gas, desalination, chemical, construction, pulp and paper and others. Oil and gas segment is sub-segmented into pipeline, separators, scrubbers, pumps and others. Desalination segment is sub-segmented into evaporators. Evaporators segment is further bifurcated into pressure piping. Chemical segment is sub-segmented into chemical reactors, heat exchangers, pressure vessels and others. Construction segment is sub—segmented into bridges, structural components and others. Pulp and paper segment is sub-segmented into digesters, reactors and pressure vessels and others.
Global Duplex Stainless Steel Market Country Level Analysis
The duplex stainless steel market is analysed and market size, volume information is provided by country grade, product form and end user as referenced above.
The countries covered in the duplex stainless steel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the duplex stainless steel market and is set to continue to flourish its dominance during the forecast period. China and India have emerged to become the major contributors from this region. One of the biggest factors propelling the growth of duplex stainless steel market in this region is the growth in building and construction activities.
The country section of the duplex stainless steel market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Duplex Stainless Steel Market Share Analysis
The duplex stainless steel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to duplex stainless steel market.
The major players covered in the duplex stainless steel market report are COLUMBUS STAINLESS (PTY) LTD, Sandmeyer Steel Company, Jindal Steel & Power Limited, Aalco Metals Limited., Special Steel Components Corporation., Penn Stainless, NIPPON STEEL CORPORATION., Outokumpu, MegaMex, Sandvik AB; (publ), Citizen Metals Pvt Ltd., Special Piping Materials., Rolled Alloys, Inc., Tata Steel, ArcelorMittal, Ambica Steels Limited, thyssenkrupp Stainless GmbH, voestalpine AG, Cleveland-Cliffs Corporation. and Daido Steel Co., Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.