HOME Top Market Reports Duplex Stainless Steel Market by Grade (Duplex, Lean Duplex, Super Duplex), Product Form (Tubes, Pumps & Valves, Fittings & Flanges, Welding Wires), End-Use Industry (Oil & Gas, Desalination, Chemical, Pulp & Paper), Region - Global Forecast to 2021

Duplex Stainless Steel Market by Grade (Duplex, Lean Duplex, Super Duplex), Product Form (Tubes, Pumps & Valves, Fittings & Flanges, Welding Wires), End-Use Industry (Oil & Gas, Desalination, Chemical, Pulp & Paper), Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: CH 5281

 

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The duplex stainless steel market was valued at USD 2.70 Billion in 2016 and is projected to reach USD 3.40 Billion by 2021, at a CAGR of 4.7% between 2016 and 2021

The objectives of this study are:

  • To define and segment the duplex stainless steel market based on product form, grade, end-use industry, and region
  • To estimate and forecast the duplex stainless steel market in terms of value and volume
  • To estimate and forecast the duplex stainless steel market based on end-use industry at country level in each region
  • To identify and analyze key drivers, restraints, challenges, and opportunities influencing the market
  • To analyze significant region-specific trends in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
  • To analyze recent developments, such as joint ventures, mergers & acquisitions, and new product launches in the duplex stainless steel market
  • To identify and profile key market players and analyze their core competencies1 in each grade of duplex stainless steel

Years considered for the study are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year –2026
  • Forecast Period – 2016 to 2021

For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered.

Research Methodology

This study aims to estimate the duplex stainless steel market size for 2016 and projects its demand till 2021. It also provides a detailed qualitative and quantitative analysis of the duplex stainless steel market. Various secondary sources, including directories, industry journals, various associations, and databases (such as Hoovers, Bloomberg, Chemical Weekly, Factiva, government and private websites, and steel associations), have been used to identify and collect information useful for this extensive commercial study of the duplex stainless steel market. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as assess prospects of the duplex stainless steel market. The breakdown of profiles of primaries is shown in the figure below:

Duplex Stainless Steel Market

To know about the assumptions considered for the study, download the pdf brochure

The duplex stainless steel ecosystem includes duplex stainless steel manufacturers and duplex stainless steel based products manufacturers such as 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.), Carpenter Technology Corporation (U.S.), ThyssenKrupp AG (Germany), and Voestalpine AG (Austria), among others.

Key Target Audience

  • Duplex Stainless Steel Manufacturers
  • Duplex Stainless Steel Traders, Distributors, and Suppliers
  • End-use Industries
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • R&D Institutions
  • Environment Support Agencies
  • Investment Banks and Private Equity Firms

Scope of the report: This research report categorizes the duplex stainless steel market based on grade, product form, end-use industry, and region. The report forecasts revenues as well as analyzes the trends in each of these submarkets.

Based on Grade:

  • Lean Duplex
  • Duplex
  • Super Duplex

Based on Product Form:

  • Tubes
  • Pumps & Valves
  • Fittings & Flanges
  • Rebar & Mesh
  • Welding Wires
  • Others

Based on End-Use Industry:

  • Oil & Gas Industry
  • Desalination Industry
  • Chemical Industry
  • Pulp & Paper Industry
  • Construction Industry
  • Others

Based on region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • New Product Analysis

Product matrix, which gives a detailed comparison of new products and market trends in each industry

  • Geographic Analysis

Further breakdown of a region with respect to a particular country and end-use industry

  • Company Information

 Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Assumptions

3 Premium Insights (Page No. - 27)
    3.1 Attractive Opportunities in the Duplex Stainless Steel Market
    3.2 Duplex Stainless Steel Market, By Region
    3.3 Duplex Stainless Steel Market, By Grade & End-Use Industry
    3.4 Duplex Stainless Steel Market Growth, By Country
    3.5 Duplex Stainless Steel Market, By End-Use Industry

4 Executive Summary (Page No. - 32)

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth of End-Use Industries in Emerging Countries
           5.2.2 Restraints
                    5.2.2.1 Rising Cost of Raw Materials Used to Manufacture Duplex Stainless Steel
           5.2.3 Opportunities
                    5.2.3.1 Increase in Offshore Spending and Potential of New Oilfield Discovery
           5.2.4 Challenges
                    5.2.4.1 Small Scale of Production Compared to Overall Stainless Steel
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Threat of New Entrants
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Economic Indicators
           5.4.1 Trends and Forecast of GDP
    5.5 Industry Outlook
           5.5.1 Refineries
           5.5.2 Oil & Gas Industry
           5.5.3 Chemical & Petrochemical
           5.5.4 Power Generation

6 Duplex Stainless Steel Market, By Grade (Page No. - 49)
    6.1 Introduction
    6.2 Duplex
    6.3 Lean Duplex
    6.4 Super Duplex

7 Duplex Stainless Steel Market, By Product Form (Page No. - 57)
    7.1 Introduction
    7.2 Tubes
    7.3 Pumps & Valves
    7.4 Fittings & Flanges
    7.5 Welding Wires
    7.6 Rebar & Mesh
    7.7 Others

8 Duplex Stainless Steel Market, By End-Use Industry (Page No. - 68)
    8.1 Introduction
    8.2 Oil & Gas Industry
           8.2.1 Pipeline
           8.2.2 Separators
           8.2.3 Scrubbers
           8.2.4 Pumps
           8.2.5 Others
    8.3 Desalination Industry
           8.3.1 Evaporators
           8.3.2 Pressure Piping
    8.4 Chemical Industry
           8.4.1 Chemical Reactors
           8.4.2 Heat Exchangers
           8.4.3 Pressure Vessels
           8.4.4 Others
    8.5 Pulp & Paper
           8.5.1 Digesters
           8.5.2 Reactors & Pressure Vessels
           8.5.3 Others
    8.6 Construction Industry
           8.6.1 Bridges
           8.6.2 Structural Components
    8.7 Others

9 Regional Analysis (Page No. - 82)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 India
           9.2.3 Japan
           9.2.4 South Korea
           9.2.5 Taiwan
           9.2.6 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 U.K.
           9.3.3 France
           9.3.4 Belgium
           9.3.5 Russia
           9.3.6 Italy
           9.3.7 Rest of Europe
    9.4 North America
           9.4.1 U.S.
           9.4.2 Canada
           9.4.3 Mexico
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 South Africa
           9.5.3 UAE
           9.5.4 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 128)
     10.1 Introduction
             10.1.1 Dynamic
             10.1.2 Innovator
             10.1.3 Vanguard
             10.1.4 Emerging
     10.2 Dive Chart
     10.3 Competitive Benchmarking
             10.3.1 Product Offerings
             10.3.2 Business Strategy

11 Company Profiles (Page No. - 132)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Outokumpu OYJ
     11.2 Tata Steel
     11.3 Arcelormittal S.A.
     11.4 Nippon Steel & Sumikin Stainless Steel Corporation
     11.5 Sandvik Materials Technology AB
     11.6 Posco Group
     11.7 Acerinox S.A.
     11.8 Allegheny Technologies Incorporated
     11.9 Jindal Steel & Power Ltd
     11.10 Daido Steel Co. Ltd.
     11.11 Nippon Yakin Kogyo Co. Ltd.
     11.12 AK Steel Holding Corporation
     11.13 Thyssenkrupp AG
     11.14 Voestalpine AG
     11.15 Carpenter Technology Corporation
     11.16 Other Key Players in the Value Chain
             11.16.1 Sandmeyer Steel Company
             11.16.2 Rolled Alloys Inc.
             11.16.3 Valbruna Stainless Inc.
             11.16.4 Cogne Acciai Speciali Spa
             11.16.5 H. Butting GmbH & Co. Kg
             11.16.6 Foroni S.P.A.
             11.16.7 Erasteel
             11.16.8 Taiyuan Iron and Steel (Group) Co., Ltd. (Tisco)
             11.16.9 Ambica Steels
             11.16.10 Sanyo Special Steel Co. Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 174)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (126 Tables)

Table 1 Duplex Stainless Steel Market Snapshot
Table 2 Trends and Forecast of GDP, USD Billion (2015–2022)
Table 3 Duplex Stainless Steel Market, By Grade, 2014–2021 (Kilotons)
Table 4 Duplex Stainless Steel Market, By Grade, 2014–2021 (USD Million)
Table 5 Duplex Stainless Steel Market, By Region, 2014–2021 (Kilotons)
Table 6 Duplex Stainless Steel Market, By Region, 2014–2021 (USD Million)
Table 7 Lean Duplex Stainless Steel Market, By Region, 2014–2021 (Kilotons)
Table 8 Lean Duplex Stainless Steel Market, By Region, 2014–2021 (USD Million)
Table 9 Super Duplex Stainless Steel Market, By Region, 2014–2021 (Kilotons)
Table 10 Super Duplex Stainless Steel Market, By Region, 2014–2021 (USD Million)
Table 11 Duplex Stainless Steel Market, By Product Form, 2014–2021 (Kilotons)
Table 12 Duplex Stainless Steel Market, By Product Form, 2014–2021 (USD Million)
Table 13 Duplex Stainless Steel Market for Tubes, By Region, 2014–2021 (Kilotons)
Table 14 Duplex Stainless Steel Market for Tubes, By Region, 2014–2021 (USD Million)
Table 15 Duplex Stainless Steel Market for Pumps & Valves, By Region, 2014–2021 (Kilotons)
Table 16 Duplex Stainless Steel Market for Pumps & Valves, By Region, 2014–2021 (USD Million)
Table 17 Duplex Stainless Steel Market for Fittings & Flanges, By Region, 2014–2021 (Kilotons)
Table 18 Duplex Stainless Steel Market for Fittings & Flanges Segment, By Region, 2014–2021 (USD Million)
Table 19 Duplex Stainless Steel Market for Welding Wires, By Region, 2014–2021 (Kilotons)
Table 20 Duplex Stainless Steel Market for Welding Wires, By Region, 2014–2021 (USD Million)
Table 21 Duplex Stainless Steel Market for Rebars & Mesh, By Region, 2014–2021 (Kilotons)
Table 22 Duplex Stainless Steel Market for Rebars & Mesh, By Region, 2014–2021 (USD Million)
Table 23 Duplex Stainless Steel Market for Other Product Forms, By Region, 2014–2021 (Kilotons)
Table 24 Duplex Stainless Steel Market for Other Product Forms, By Region, 2014–2021 (USD Million)
Table 25 Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 26 Duplex Stainless Steel Market, By End-Use Industry, 2015–2022 (USD Million)
Table 27 Duplex Stainless Steel Market for Oil & Gas Industry, By Region, 2014–2021 (Kilotons)
Table 28 Duplex Stainless Steel Market for Oil & Gas Industry, By Region, 2014–2021 (USD Million)
Table 29 Duplex Stainless Steel Market for Desalination Industry, By Region, 2014–2021 (Kilotons)
Table 30 Duplex Stainless Steel Market for Desalination Industry, By Region, 2014–2021 (USD Million)
Table 31 Duplex Stainless Steel Market for Chemical Industry, By Region, 2014–2021 (Kilotons)
Table 32 Duplex Stainless Steel Market for Chemical Industry, By Region, 2014–2021 (USD Million)
Table 33 Duplex Stainless Steel Market for Pulp & Paper Industry, By Region, 2014–2021 (Kilotons)
Table 34 Duplex Stainless Steel Market for Pulp & Paper Industry, By Region, 2014–2021 (USD Million)
Table 35 Duplex Stainless Steel Market for Construction Industry, By Region, 2014–2021 (Kilotons)
Table 36 Duplex Stainless Steel Market for Construction Industry, By Region, 2014–2021 (USD Million)
Table 37 Duplex Stainless Steel Market in Other End-Use Industries, By Region, 2014–2021 (Kilotons)
Table 38 Duplex Stainless Steel Market in Other End-Use Industries, By Region, 2014–2021 (USD Million)
Table 39 Duplex Stainless Steel Market, By Region, 2014–2021 (Kilotons)
Table 40 Duplex Stainless Steel Market, By Region, 2014–2021 (USD Million)
Table 41 Asia-Pacific Duplex Stainless Steel Market, By Country, 2014-2021 (Kilotons)
Table 42 Asia-Pacific Duplex Stainless Steel Market, By Country, 2014-2021 (USD Million)
Table 43 Asia-Pacific Duplex Stainless Steel Market, By Grade, 2014-2021 (Kilotons)
Table 44 Asia-Pacific Duplex Stainless Steel Market, By Grade, 2014-2021 (USD Million)
Table 45 Asia-Pacific Duplex Stainless Steel Market, By Product Form, 2014–2021 (Kilotons)
Table 46 Asia-Pacific Duplex Stainless Steel Market, By Product Form, 2014–2021 (USD Million)
Table 47 Asia-Pacific Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (Kilotons)
Table 48 Asia-Pacific Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (USD Million)
Table 49 China Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 50 China Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 51 India Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 52 India Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 53 Japan Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 54 Japan Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 55 South Korea Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 56 South Korea Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 57 Taiwan Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 58 Taiwan Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 59 Rest of Asia-Pacific Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 60 Rest of Asia-Pacific Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 61 Europe Duplex Stainless Steel Market, By Country, 2014-2021 (Kilotons)
Table 62 Europe Duplex Stainless Steel Market, By Country, 2014-2021 (USD Million)
Table 63 Europe Duplex Stainless Steel Market, By Grade, 2014-2021 (Kilotons)
Table 64 Europe Duplex Stainless Steel Market, By Grade, 2014-2021 (USD Million)
Table 65 Europe Duplex Stainless Steel Market, By Product Form, 2014–2021 (Kilotons)
Table 66 Europe Duplex Stainless Steel Market, By Product Form, 2014–2021 (USD Million)
Table 67 Europe Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (Kilotons)
Table 68 Europe Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (USD Million)
Table 69 Germany Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 70 Germany Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 71 U.K. Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 72 U.K. Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 73 France Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 74 France Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 75 Belgium Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 76 Belgium Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 77 Russia Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 78 Russia Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 79 Italy Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 80 Italy Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 81 Rest of Europe Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 82 Rest of Europe Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 83 North America Duplex Stainless Steel Market, By Country, 2014-2021 (Kilotons)
Table 84 North America Duplex Stainless Steel Market, By Country, 2014-2021 (USD Million)
Table 85 North America Duplex Stainless Steel Market, By Grade, 2014-2021 (Kilotons)
Table 86 North America Duplex Stainless Steel Market, By Grade, 2014-2021 (USD Million)
Table 87 North America Duplex Stainless Steel Market, By Product Form, 2014–2021 (Kilotons)
Table 88 North America Duplex Stainless Steel Market, By Product Form, 2014–2021 (USD Million)
Table 89 North America Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (Kilotons)
Table 90 North America Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (USD Million)
Table 91 U.S. Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 92 U.S. Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 93 Canada Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 94 Canada Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 95 Mexico Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 96 Mexico Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 97 Middle East & Africa Duplex Stainless Steel Market, By Country, 2014-2021 (Kilotons)
Table 98 Middle East & Africa Duplex Stainless Steel Market, By Country, 2014-2021 (USD Million)
Table 99 Middle East & Africa Duplex Stainless Steel Market, By Grade, 2014-2021 (Kilotons)
Table 100 Middle East & Africa Duplex Stainless Steel Market, By Grade, 2014-2021 (USD Million)
Table 101 Middle East & Africa Duplex Stainless Steel Market, By Product Form, 2014–2021 (Kilotons)
Table 102 Middle East & Africa Duplex Stainless Steel Market, By Product Form, 2014–2021 (USD Million)
Table 103 Middle East & Africa Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (Kilotons)
Table 104 Middle East & Africa Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (USD Million)
Table 105 Saudi Arabia Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 106 Saudi Arabia Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 107 South Africa Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 108 South Africa Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 109 UAE Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 110 UAE Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 111 Rest of Middle East & Africa Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 112 Rest of Middle East & Africa Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 113 South America Duplex Stainless Steel Market, By Country, 2014-2021 (Kilotons)
Table 114 South America Duplex Stainless Steel Market, By Country, 2014-2021 (USD Million)
Table 115 South America Duplex Stainless Steel Market, By Grade, 2014-2021 (Kilotons)
Table 116 South America: Duplex Stainless Steel Market, By Grade, 2014-2021 (USD Million)
Table 117 South America Duplex Stainless Steel Market, By Product Form, 2014–2021 (Kilotons)
Table 118 South America Duplex Stainless Steel Market, By Product Form, 2014–2021 (USD Million)
Table 119 South America Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (Kilotons)
Table 120 South America Duplex Stainless Steel Market, By End-Use Industry, 2014-2021 (USD Million)
Table 121 Brazil Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 122 Brazil Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 123 Argentina Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 124 Argentina Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)
Table 125 Rest of South America Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (Kilotons)
Table 126 Rest of South America Duplex Stainless Steel Market, By End-Use Industry, 2014–2021 (USD Million)


List of Figures (60 Figures)

Figure 1 Duplex Stainless Steel Market Segmentation
Figure 2 Duplex Stainless Steel Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Duplex Stainless Steel: Data Triangulation
Figure 6 Key Industry Insights
Figure 7 Breakdown of Primary Interviews
Figure 8 Increasing Demand From Various End-Use Industries is Projected to Fuel the Growth of the Duplex Stainless Steel Market From 2016 to 2021
Figure 9 Asia-Pacific Duplex Stainless Steel Market is Projected to Grow at the Highest CAGR From 2016 to 2021
Figure 10 Duplex and Oil & Gas Segments Accounted for the Largest Share of the Duplex Stainless Steel Market in 2016
Figure 11 China Duplex Stainless Steel Market is Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 12 Oil & Gas Industry Was the Largest End-Use Industry Segment in 2016
Figure 13 Rebar & Mesh Segment is Projected to Grow at the Highest CAGR Between 2016 & 2021
Figure 14 The Oil & Gas Segment is Estimated to Have the Largest Market Size Till 2021
Figure 15 Super Duplex Grade is Expected to Grow at the Highest CAGR Between 2016 & 2021
Figure 16 Asia-Pacific Market is Projected to Grow at the Highest CAGR From 2016 to 2021
Figure 17 Drivers, Restraints, Opportunities, and Challenges for the Duplex Stainless Steel Market
Figure 18 Porter’s Five Forces Analysis
Figure 19 Refinery Capacities By Region, 2011-2015
Figure 20 Oil Production, By Region, 2014-2015
Figure 21 World Energy Consumption, Million Tonnes of Oil Equivalent, 2011-2015
Figure 22 Super Duplex Segment is Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 23 The Asia-Pacific Duplex Stainless Steel Market is Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 24 Asia-Pacific is Projected to Be the Largest Market for Lean Duplex Stainless Steel Between 2016 and 2021
Figure 25 The Asia-Pacific Region is Projected to Lead the Super Duplex Stainless Steel Market From 2016 to 2021
Figure 26 The Tubes Segment is Estimated to Be the Largest Segment Between 2016 and 2021
Figure 27 The Tubes Segment is Projected to Grow at the Highest CAGR in Asia-Pacific Between 2016 and 2021
Figure 28 Asia-Pacific is Projected to Be the Largest Market for Pumps & Valves Segment Between 2016 and 2021
Figure 29 Asia-Pacific is Projected to Be the Largest Market for Fittings & Flanges Segment From 2016 to 2021
Figure 30 Asia-Pacific is Projected to Be the Largest Market for Welding Wires Segment Between 2016 and 2021
Figure 31 Europe is Projected to Be the Largest Market for Rebar & Mesh Segment From 2016 to 2021
Figure 32 Asia-Pacific is Projected to Be the Largest Market for Other Product Form Segment From 2016 to 2021
Figure 33 Oil & Gas Industry Segment is Estimated to Be the Largest End-Use Industry Segment Between 2016 and 2021
Figure 34 The Oil & Gas Industry Segment is Projected to Grow at the Highest CAGR in Asia-Pacific Duplex Stainless Steel Market Between 2016 and 2021
Figure 35 Middle East & Africa Region is Estimated to Be the Largest Market for Desalination Industry Segment From 2016 to 2021
Figure 36 Asia-Pacific is Projected to Lead the Chemical Industry Segment of the Duplex Stainless Steel Market Between 2016 and 2021
Figure 37 Asia-Pacific is Projected to Lead the Pulp & Paper Industry Segment of the Duplex Stainless Steel Market Between 2016 and 2021
Figure 38 Asia-Pacific is Projected to Lead the Construction Segment of the Duplex Stainless Steel Market From 2016 to 2021
Figure 39 Asia-Pacific is Projected to Lead the Other End-Use Industries Segment of the Duplex Stainless Steel Market From 2016 to 2021
Figure 40 Duplex Stainless Steel Market, By Region, 2016
Figure 41 Asia-Pacific Duplex Stainless Steel Market Snapshot
Figure 42 Europe Duplex Stainless Steel Market Snapshot
Figure 43 North America Duplex Stainless Steel Market Snapshot
Figure 44 Middle East & Africa Duplex Stainless Steel Market Snapshot
Figure 45 South America Duplex Stainless Steel Market Snapshot
Figure 46 Dive Chart
Figure 47 Outokumpu OYJ: Company Snapshot
Figure 48 Tata Steel: Company Snapshot
Figure 49 Arcelormittal S.A.: Company Snapshot
Figure 50 Sandvik Materials Technology AB: Company Snapshot
Figure 51 Posco Group: Company Snapshot
Figure 52 Acerinox S.A.: Company Snapshot
Figure 53 Allegheny Technologies Incorporated: Company Snapshot
Figure 54 Jindal Steel & Power Ltd: Company Snapshot
Figure 55 Daido Steel Co. Ltd: Company Snapshot
Figure 56 Nippon Yakin Kogyo Co. Ltd.: Company Snapshot
Figure 57 AK Steel Holding Corporation: Company Snapshot
Figure 58 Thyssenkrupp AG: Company Snapshot
Figure 59 Voestalpine AG: Company Snapshot
Figure 60 Carpenter Technology Corporation: Company Snapshot

The duplex stainless steel market was valued at USD 2.70 Billion in 2016 and is projected to reach USD 3.40 Billion by 2021, at a CAGR of 4.7% between 2016 and 2021. Increasing demand for duplex stainless steel from various end-use industries, such as oil & gas, chemical, desalination, pulp & paper, construction, and energy is expected to drive the demand for duplex stainless steel during the forecast period.

Among grades, the super duplex segment is projected to grow at the highest CAGR during the forecast period. Super duplex stainless steels are designed to handle extreme corrosive and high pressure situations, and for this reason, this grade is widely used in the oil & gas exploration activities. The growing oil & gas exploration activities are expected to drive the growth of this segment in the forecast period.

Among product forms, the tubes segment accounted for the largest share of the duplex stainless steel market in 2016, in terms of value. The growth of this segment can be attributed to the growing use of duplex stainless steel based tubes in offshore oil & gas exploration and production, heat exchangers in chemical industry, and in hydraulic and instrumentation applications in marine industry.

Based on end-use industry, the oil & gas industry segment led the duplex stainless steel market in 2016. The growth of the oil & gas industry segment can be attributed to the increasing oil & gas exploration activities around the world. Over the past few decades, corrosive conditions in the oil & gas Industry have steadily grown in severity. The offshore oil industry continually pushes oil exploration to greater depths, which leads to higher pressure conditions and harsher environments. Various grades of duplex stainless steel are used in oil & gas industry for their improved corrosion and stress resistance.

Duplex Stainless Steel Market

The Asia-Pacific region was the largest market for duplex stainless steel in 2016. The region is a major consumer of duplex stainless steel, which are used in varied end-use industries, such as automotive, food, chemical process, and energy, among others. The demand for duplex stainless steel is increasing in various countries, such as Japan, China, India, and South Korea, among others, of the Asia-Pacific region. To meet this growing demand, top manufacturers from the U.S. and Europe are now focusing on the Asia-Pacific region to expand their businesses. Moreover, top market players of steels are also headquartered in this region. The Asia-Pacific duplex stainless steel market is projected to grow at the highest CAGR between 2016 and 2021.

There are certain factors that might hinder the growth of the duplex stainless steel market during the forecast period, includes the rising raw materials prices used to manufacture duplex stainless steel.

Key companies operating in the high performance market include 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.), Carpenter Technology Corporation (U.S.), ThyssenKrupp AG (Germany), and Voestalpine AG (Austria), among others. These players, with a wide market reach and established distribution network, are investing more in research & development activities. They also have strong technical and market development capabilities, which enable them to upgrade their existing products for new applications.

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