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Global Duplex Stainless Steel Market By Grade, By Product Form, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024

  • ID: 4767203
  • Report
  • Region: Global
  • 116 pages
  • TechSci Research
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Global Duplex Stainless Steel Market is Forecast to Exhibit a CAGR of Over 4% During 2019-2024

FEATURED COMPANIES

  • Arcelormittal S.A.
  • Jindal Steel & Power Ltd.
  • Outokumpu OYJ
  • POSCO
  • Rolled Alloys
  • Tata Steel
  • MORE
"Global Duplex Stainless Steel Market By Grade (Duplex, Lean Duplex and Super & Hyper Duplex), By Product Form (Tubes, Pumps & Valves, Fittings & Flanges, Welding Wires, Rebar & Mesh and Others), By End Use Industry, By Region, Competition, Forecast & Opportunities, 2024"

The global duplex stainless steel market is forecast to exhibit a CAGR of over 4% during 2019-2024, growing from $2.8 billion in 2018 to $3.6 billion by 2024, owing to the corrosion resistance, tensile strength and durability of duplex stainless steel. Duplex stainless steel is twice as strong as the ferric stainless steel and regular austenitic steels. Duplex stainless steel offers excellence resistant to corrosion and high mechanical strength ensuring more uptime than carbon steels and conventional steels. Moreover, the 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 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 2018. The region is a major consumer of duplex stainless steel. The growth of the Asia-Pacific duplex stainless steel market can be attributed to the 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 of the steel industry are headquartered in the Asia-Pacific region, owing to which the region is also anticipated to witness a 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.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:
  • To analyze and forecast the global duplex stainless steel market size.
  • To forecast the global duplex stainless steel market based on grade, product form, end-use industry and regional distribution.
  • To identify drivers and challenges for the global duplex stainless steel market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global duplex stainless steel market.
  • To conduct the pricing analysis for the global duplex stainless steel market.
  • To identify and analyze the profile of leading players operating in the global duplex stainless steel market.
Some of the leading players in the global duplex stainless steel market are Tata Steel Limited, Outokumpu OYJ, Arcelormittal S.A., Nippon Steel & Sumikin Stainless Steel Corporation, Thyssenkrupp AG, Acerinox S.A., Jindal Steel & Power Ltd., Daido Steel Co. Ltd., AK Steel Holding Corporation, etc.

The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of duplex stainless steel manufacturers across the globe. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author was able to include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.

The author calculated the global duplex stainless steel market size by using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years was made. The author sourced these values from the industry experts and company representatives and externally validated through 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.

Key Target Audience:
  • Duplex stainless steel manufacturers and other stakeholders
  • Duplex stainless steel end-user industries
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to the duplex stainless steel market
  • Market research and consulting firms
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 growth of the market.

Report Scope:

In this report, the global duplex stainless steel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Grade:
  • Duplex
  • Lean Duplex
  • Super & Hyper Duplex
Market, by Product Form:
  • Tubes
  • Pumps & Valves
  • Fittings & Flanges
  • Welding Wires
  • Rebar & Mesh
  • Others
Market, by End-Use Industry:
  • Oil & Gas
  • Desalination
  • Chemical
  • Construction
  • Pulp & Paper
  • Others
Market, By Region:

Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
North America
  • United States
  • Mexico
  • Canada
Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Iran
Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Italy
South America
  • Brazil
  • Argentina
  • Colombia
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global duplex stainless steel market.

Available Customizations:

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

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
  • Profit margin analysis in case of direct and indirect sales channel.
*Note - Custom Research License:

For both the Single and Enterprise user license, 10% report specific customization is available free of any additional cost, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.

The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Arcelormittal S.A.
  • Jindal Steel & Power Ltd.
  • Outokumpu OYJ
  • POSCO
  • Rolled Alloys
  • Tata Steel
  • MORE
1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1. Factors considered while selecting a supplier
4.2. Product awareness and applicability & usage analysis
4.3. Challenges/issues faced post purchase
4.4. Unmet needs

5. Global Duplex Stainless Steel Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Grade (Duplex; Lean Duplex; Super & Hyper Duplex)
5.2.2. By Product Form (Tubes; Pumps & Valves; Fittings & Flanges; Welding Wires; Rebar & Mesh; Others)
5.2.3. By End Use Industry (Oil & Gas; Desalination; Chemical; Construction; Pulp & Paper; Others)
5.2.4. By Region (Asia-Pacific; North America; Middle East & Africa; Europe; South America)
5.2.5. By Company (2018)
5.3. Market Attractiveness Index (By Grade; By Product Form; By End Use Industry; By Region)

6. Asia-Pacific Duplex Stainless Steel Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Grade
6.2.2. By Product Form
6.2.3. By End Use Industry
6.2.4. By Country
6.3. China Duplex Stainless Steel Market Outlook
6.3.1. Market Size & Forecast
6.3.1.1. By Value
6.3.2. Market Share & Forecast
6.3.2.1. By Grade
6.3.2.2. By End Use Industry
6.4. India Duplex Stainless Steel Market Outlook
6.4.1. Market Size & Forecast
6.4.1.1. By Value
6.4.2. Market Share & Forecast
6.4.2.1. By Grade
6.4.2.2. By End Use Industry
6.5. Japan Duplex Stainless Steel Market Outlook
6.5.1. Market Size & Forecast
6.5.1.1. By Value
6.5.2. Market Share & Forecast
6.5.2.1. By Grade
6.5.2.2. By End Use Industry
6.6. South Korea Duplex Stainless Steel Market Outlook
6.6.1. Market Size & Forecast
6.6.1.1. By Value
6.6.2. Market Share & Forecast
6.6.2.1. By Grade
6.6.2.2. By End Use Industry
6.7. Australia Duplex Stainless Steel Market Outlook
6.7.1. Market Size & Forecast
6.7.1.1. By Value
6.7.2. Market Share & Forecast
6.7.2.1. By Grade
6.7.2.2. By End Use Industry

7. North America Duplex Stainless Steel Market Outlook
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. United States 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. Canada 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. Mexico 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

8. Middle East & Africa Duplex Stainless Steel Market Outlook
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. South Africa 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. Saudi Arabia 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. UAE 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
8.6. Iran Duplex Stainless Steel Market Outlook
8.6.1. Market Size & Forecast
8.6.1.1. By Value
8.6.2. Market Share & Forecast
8.6.2.1. By Grade
8.6.2.2. By End Use Industry

9. Europe Duplex Stainless Steel Market Outlook
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. Germany 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. France Duplex Stainless Steel Market Outlook
9.4.1. Market Size & Forecast
9.4.1.1. By Grade
9.4.1.2. By Value
9.4.2. Market Share & Forecast
9.4.2.1. By End Use Industry
9.5. United Kingdom 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. Spain 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
9.7. Italy Duplex Stainless Steel Market Outlook
9.7.1. Market Size & Forecast
9.7.1.1. By Value
9.7.2. Market Share & Forecast
9.7.2.1. By Grade
9.7.2.2. By End Use Industry

10. South America Duplex Stainless Steel Market Outlook
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. Brazil 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. Argentina Duplex Stainless Steel Market Outlook
10.4.1. Market Size & Forecast
10.4.1.1. By Value
10.4.2. Market Share & Forecast
10.4.2.1. By Grade
10.4.2.2. By End Use Industry
10.5. Colombia 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

11. Market Dynamics
11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles
13.2.1. Basic Details
13.2.2. Financials (As reported)
13.2.3. Supply Chain Analysis
13.2.4. Key Market Focus and Geographical Presence
13.2.5. Planned Investments
13.2.6. Pricing of Target Products
13.2.7. Market positioning
13.3. Global Players Profiled (Leading Companies)
13.3.1 Tata Steel
13.3.2 Outokumpu OYJ
13.3.3 Sandvik Materials Technology
13.3.4 Arcelormittal S.A.
13.3.5 Jindal Steel & Power Ltd.
13.3.6 POSCO
13.3.7 Nippon Steel & Sumikin Stainless Steel Corporation
13.3.8 Thyssenkrupp AG
13.3.9 Kobelco Steel Tube Co., Ltd.
13.3.10 Rolled Alloys

(Note: The companies list can be customized based on the client requirements)

14. Strategic Recommendations

*Full List of Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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  • Tata Steel
  • Outokumpu OYJ
  • Sandvik Materials Technology
  • Arcelormittal S.A.
  • Jindal Steel & Power Ltd.
  • POSCO
  • Nippon Steel & Sumikin Stainless Steel Corporation
  • Thyssenkrupp AG
  • Kobelco Steel Tube Co., Ltd.
  • Rolled Alloys
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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