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

  • ID: 4267518
  • Report
  • Region: Global
  • 187 Pages
  • Markets and Markets
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Duplex Stainless Steel Market worth 3.40 Billion USD by 2021

FEATURED COMPANIES

  • Acerinox S.A.
  • Arcelormittal S.A.
  • Daido Steel Co. Ltd.
  • Foroni S.P.A.
  • Jindal Steel & Power Ltd
  • Posco Group
  • MORE

“Duplex stainless steel market is projected to reach USD 3.40 billion by 2021”

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. Factors such as cost efficiency, higher corrosion resistance properties, and growing demand from the oil & gas industry are driving the duplex stainless steel market. Rising demand for duplex stainless steel from Europe and Asia-Pacific regions is also expected to drive the market growth. The major restraint for the duplex stainless steel market is the rising cost of raw materials used to manufacture duplex stainless steel.

“The super duplex segment is expected to witness the highest growth from 2016 to 2021”

Based on grade, the super duplex segment is expected to witness the highest growth in the duplex stainless steel market, amongst other grades such as lean duplex and standard duplex. The growth of this segment can be attributed to the fact that super duplex stainless steel is a highly alloyed stainless steel designed for use in aggressive environments. It is designed to handle extreme environments, such as highly corrosive conditions and pressures encountered at great depths in new oil and gas fields. The growing oil and gas exploration around the world is one of the main reasons for the growth of the super duplex stainless steel market.

“The oil & gas segment estimated to be the largest segment of the duplex stainless steel market”

Based on end-use industry, the duplex stainless steel market has been segmented into oil & gas, chemical, desalination, pulp & paper, and construction, among others. The oil & gas segment is estimated to be the largest segment from 2016-2021, due to increasing of duplex stainless steel based products in oil & gas exploration and production activities. The growing oil & gas exploration around the world is significantly boosting the demand for duplex stainless steel in the oil & gas industry.

“The market in Asia-Pacific projected to grow witness highest growth during the forecast period”

The Asia-Pacific duplex stainless steel market is anticipated to witness the highest growth between 2016 and 2026. The region is a major consumer of duplex stainless steel, which are used in varied end-use industries, such as oil & gas, automotive, chemical process industry, power industry, and marine industry, 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.

Breakdown of profile of primary participants:

  • By Company Type: Tier 1 - 17%, Tier 2 - 33%, and Tier 3 - 50%
  • By Designation: C Level - 20%, Director Level - 30%, and Others - 50%
  • By Region: North America - 13%, Europe - 27%, Asia-Pacific - 40%, and Others -20%

Major companies profiled in this report 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.

Research Coverage:

This report offers an overview of the market trends, drivers, and challenges with respect to the duplex stainless steel market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. The report categorizes the duplex stainless steel market based on grade, product form, end-use industry, and region. A detailed analysis of leading players, along with key growth strategies adopted by them, is also covered in the report.

Reasons to buy the report

This report covers the following key aspects:

  • What will be the market size by 2021 and what will be the growth rate?
  • What are the key market trends?
  • What are the factors expected to drive the growth of the market?
  • What are the challenges that impact market growth?
  • Who are the key players in this market?
  • Global report covers key regions, such as North America, Europe, and Asia-Pacific, including major countries in these regions, such as the U.S., China, India, Belgium, and Germany
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Acerinox S.A.
  • Arcelormittal S.A.
  • Daido Steel Co. Ltd.
  • Foroni S.P.A.
  • Jindal Steel & Power Ltd
  • Posco Group
  • MORE
1 Introduction
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
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
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

5 Market Overview
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
6.1 Introduction
6.2 Duplex
6.3 Lean Duplex
6.4 Super Duplex

7 Duplex Stainless Steel Market, By Product Form
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
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
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
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
(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
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of 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:
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
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Acerinox S.A.
  • Arcelormittal S.A.
  • Daido Steel Co. Ltd.
  • Foroni S.P.A.
  • Jindal Steel & Power Ltd
  • Posco Group
  • MORE

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.

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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  • AK Steel Holding Corporation
  • Acerinox S.A.
  • Allegheny Technologies Incorporated
  • Ambica Steels
  • Arcelormittal S.A.
  • Carpenter Technology Corporation
  • Cogne Acciai Speciali Spa
  • Daido Steel Co. Ltd.
  • Erasteel
  • Foroni S.P.A.
  • H. Butting GmbH & Co. Kg
  • Jindal Steel & Power Ltd
  • Nippon Steel & Sumikin Stainless Steel Corporation
  • Nippon Yakin Kogyo Co. Ltd.
  • Other Key Players in the Value Chain
  • Outokumpu OYJ
  • Posco Group
  • Rolled Alloys Inc.
  • Sandmeyer Steel Company
  • Sandvik Materials Technology AB
  • Sanyo Special Steel Co. Ltd.
  • Taiyuan Iron and Steel (Group) Co., Ltd. (Tisco)
  • Tata Steel
  • Thyssenkrupp AG
  • Valbruna Stainless Inc.
  • Voestalpine AG
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