Duplex Stainless Steel Market Rise Impacted By Product By Type By Application Forecast 2025
Market Overview
Market Research Future (MRFR) reveals that the global Duplex
Stainless Steel Market can rise at is 4.66% CAGR to value at USD 2,516.0
Million by 2025. The availability of advanced version of duplex steel that
offers the highest resistance to corrosion pitting and assets highest strength
over other duplex steel pipes.
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Segmental Analysis
The segment assessment of the Global Duplex Stainless Steel Market
is done by Product Type, Thickness, Manufacturing Type, Application, and Outer
Diameter.
The product type based segments of the global duplex stainless
steel pipes market are standard duplex, hyper duplex, lean duplex, and super
duplex. The hyper duplex segment can earn high revenue for the worldwide
market.
The manufacturing type based segments of the global duplex
stainless steel pipe market are seamless and welded among others. The dominance
of seamless segment can be attributed to a wide range of applications, such as
petrochemical, oil & gas, pulp & paper industry, wastewater treatment,
shipbuilding, and chemical applications.
The thickness based segments of the global stainless steel pipe
market are 2.5–5.0 mm, 5.0–10 mm, and 0.3–2.5 mm. The 5.0–10 mm segment can
earn high profits for the market.
The outer diameter based segments of the global duplex stainless
steel pipe market are 3 to 10 Inch, 10 to 16 Inch, and 1.5 to 3 Inch. The 10 to
16-inch segment can stir up considerable turnover for the market in the
forecast period.
The application based segments of the Global Stainless Steel Pipe
Market are chemical process industry, offshore oil & gas,
desalination/water treatment, chemical tankers/shipbuilding, and pulp &
paper.
Regional Analysis
Trends of the Global Duplex Stainless Steel Market study spans
across EU, APAC, North America, the Middle East & Africa, and South
America.
In 2018, Asia Pacific was recorded to lead the global market with
a market size of USD 655.9 Million. By the end of the assessment period, the
regional market value is anticipated to touch USD 878.2 Million at an
impressive 4.36% CAGR. The duplex stainless steel market in North America is
likely to rise at considerable pace due to high demand for oil and gas in the
region. In addition, the surge in the production of shale gas can also favor
the regional market in the years to come. The surge in exploration activities
in offshore oil fields can also support the expansion of the market in the
years to come. In Asia Pacific, the rise in importers count for oil and gas
driving the need for inter-country pipelines can also support the expansion of
the regional market in the near future.
The reliable and continuous supply of oil and gas is expected to
add momentum to the duplex stainless steel market expansion in the approaching
years. In EU, the expansion of duplex stainless-steel market can tbe attributed
to the significant rise in crude oil production. The rise in sustained
investments across the oil & gas industry can impel the expansion of the
regional market.
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Competitive Analysis
ArcelorMittal (Luxembourg), Sandvik AB (Sweden), JFE Steel
Corporation (Japan), Nippon Steel Corporation (Japan), POSCO (South Korea),
TUBACEX S.A. (Spain), Outokumpu (Finland), Tenaris S.A. (Luxembourg), Metline
Industries (India), Jiuli (China), Zheijang Debang Steel Co. Ltd (China),
Zhejiang Tsinghshan Steel Pipe Co. Ltd (China), Wenzhou Zheheng Steel Industry
Co. Ltd (China), and H.Butting Gmbh & Co.KG (Germany) are some reputed
names in the Duplex Stainless Steel global Market that are ,listed by
MRFR. Mergers, collaborations, and acquisitions among these players and
others are discussed in the report to offer comprehensive understanding of the
duplex stainless steel market.
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