FEATURED COMPANIES
- Acerinox S.A.
- Andus Group
- Core Alloys
- FAI-FTC
- Handtke Wiros
- König & Co. GmbH
The Europe Super Duplex Stainless market is projected to reach the valuation of USD 672.05 Million by 2026 with a CAGR of 7.3%
According to the publisher, Europe Super Duplex Stainless Market has gained the momentum in recent years with a CAGR of 7.3%, in value terms, over the forecast period 2020-2026, and expected to reach at USD 672.05 Million by 2026. The rise in operations in activities such as building & construction activities and also owing to the growth in the oil & gas exploration activities are the major key factors booming the demand for duplex stainless steel in the region. The use of Duplex stainless steel can also be seen in the chemical process industry, transportation equipment, and pulp & paper industry for mining and nuclear plant purposes.
Rise in Offshore Spending and Potential of New Oil Field Discovery Would Require High Usage of Super Duplex Stainless Steel
The super duplex stainless steel is required in the offshore applications for the construction and operation of systems. The need for selective corrosion resistance (by pitting and crevice attack) and stress corrosion cracking susceptibility in sour hydrogen sulfide environments failure prevention and to avoid the corrosion are known to be important factors to maintain offshore safety. Thus, the specification and use of materials that combine corrosion resistance with high mechanical strength, such as super duplex stainless, is a fundamental requirement.
For instance, oil companies are developing new offshore fields which would require a high amount of pipes and turbines and hence, good mechanical strength and resistance to corrosion. This would lead to a high demand for super duplex stainless steel in the market.
Super Duplex Stainless Steel is Cost Effective Solution in Biofuel Production
The increasing prices for alloying elements cause the increased costs for high nickel-bearing stainless steel. The high prices of these stainless steel available in the market have shifted the manufacturers' choice toward super duplex stainless as it provides various distinct advantages over other steels and has price stability.
For instance, cost and availability, higher strength, and corrosion resistance of super duplex stainless steels have increased usage in several recent ethanol & biodiesel projects in Europe. The increased strength of super stainless steel may allow for a lighter wall thickness for different tanks and vessels that are being used in the production of biofuels. This leads to less material used for the application as well as less weld wire costs. Hence, increasing biofuels production is a key driver responsible for the growth of the super duplex stainless steel market.
Europe Super Duplex Stainless Market: By Product Form
The pump & valves in the product form segment has the highest growth rate 22.19% in 2019. As pumps & valves are used largely in the construction and chemical industry and the requirement for high conductivity, good resistance to corrosion and erosion, and need for high pressure makes the super duplex stainless steel preferable choice in the market.
Europe Super Duplex Stainless Market: Regional insights
The Germany country is likely to boom in the Europe Super duplex stainless steel market. The large industrial operations in the country leading to the high demand for super duplex stainless steel in the market. The construction market and the oils industry are booming in the European countries, thus will be benefiting the market growth.
Super Duplex Stainless: Competitive Landscape
Companies such as Outokumpu Steel Company, Acerinox S.A., Andus Group, Core Alloys, Vulkan Inox GmbH, Voestalpine Edelstahl GmbH, Sandvik, Handtke Wiros, König & Co. GmbH, Nichelcrom, SAVINOX, FAI-FTC, Tec-Sim S.r.l & W.Oberste-beulmann GmbH are the key players in manufacturing of Super Duplex Stainless.
Don’t miss the business opportunity of the Super Duplex Stainless market. Consult our analyst and gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Super Duplex Stainless market size & forecast. The report promises to provide state-of-the-art technology of Super Duplex Stainless and industry insights which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
This product will be delivered within 2 business days.
According to the publisher, Europe Super Duplex Stainless Market has gained the momentum in recent years with a CAGR of 7.3%, in value terms, over the forecast period 2020-2026, and expected to reach at USD 672.05 Million by 2026. The rise in operations in activities such as building & construction activities and also owing to the growth in the oil & gas exploration activities are the major key factors booming the demand for duplex stainless steel in the region. The use of Duplex stainless steel can also be seen in the chemical process industry, transportation equipment, and pulp & paper industry for mining and nuclear plant purposes.
Rise in Offshore Spending and Potential of New Oil Field Discovery Would Require High Usage of Super Duplex Stainless Steel
The super duplex stainless steel is required in the offshore applications for the construction and operation of systems. The need for selective corrosion resistance (by pitting and crevice attack) and stress corrosion cracking susceptibility in sour hydrogen sulfide environments failure prevention and to avoid the corrosion are known to be important factors to maintain offshore safety. Thus, the specification and use of materials that combine corrosion resistance with high mechanical strength, such as super duplex stainless, is a fundamental requirement.
For instance, oil companies are developing new offshore fields which would require a high amount of pipes and turbines and hence, good mechanical strength and resistance to corrosion. This would lead to a high demand for super duplex stainless steel in the market.
Super Duplex Stainless Steel is Cost Effective Solution in Biofuel Production
The increasing prices for alloying elements cause the increased costs for high nickel-bearing stainless steel. The high prices of these stainless steel available in the market have shifted the manufacturers' choice toward super duplex stainless as it provides various distinct advantages over other steels and has price stability.
For instance, cost and availability, higher strength, and corrosion resistance of super duplex stainless steels have increased usage in several recent ethanol & biodiesel projects in Europe. The increased strength of super stainless steel may allow for a lighter wall thickness for different tanks and vessels that are being used in the production of biofuels. This leads to less material used for the application as well as less weld wire costs. Hence, increasing biofuels production is a key driver responsible for the growth of the super duplex stainless steel market.
Europe Super Duplex Stainless Market: By Product Form
The pump & valves in the product form segment has the highest growth rate 22.19% in 2019. As pumps & valves are used largely in the construction and chemical industry and the requirement for high conductivity, good resistance to corrosion and erosion, and need for high pressure makes the super duplex stainless steel preferable choice in the market.
Europe Super Duplex Stainless Market: Regional insights
The Germany country is likely to boom in the Europe Super duplex stainless steel market. The large industrial operations in the country leading to the high demand for super duplex stainless steel in the market. The construction market and the oils industry are booming in the European countries, thus will be benefiting the market growth.
Super Duplex Stainless: Competitive Landscape
Companies such as Outokumpu Steel Company, Acerinox S.A., Andus Group, Core Alloys, Vulkan Inox GmbH, Voestalpine Edelstahl GmbH, Sandvik, Handtke Wiros, König & Co. GmbH, Nichelcrom, SAVINOX, FAI-FTC, Tec-Sim S.r.l & W.Oberste-beulmann GmbH are the key players in manufacturing of Super Duplex Stainless.
Don’t miss the business opportunity of the Super Duplex Stainless market. Consult our analyst and gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Super Duplex Stainless market size & forecast. The report promises to provide state-of-the-art technology of Super Duplex Stainless and industry insights which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
This product will be delivered within 2 business days.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Acerinox S.A.
- Andus Group
- Core Alloys
- FAI-FTC
- Handtke Wiros
- König & Co. GmbH
1. Research Framework
2. Research Methodology
4. Europe Super Duplex Stainless Steel Industry Insights
5. Europe Super Duplex Stainless Steel Market Overview
6. Belgium Super Duplex Stainless Steel Market
7. Denmark Super Duplex Stainless Steel Market
8. Germany Super Duplex Stainless Steel Market
9. Ukraine Super Duplex Stainless Steel Market
10. Italy Super Duplex Stainless Steel Market
11. Spain Super Duplex Stainless Steel Market
12. Greece Super Duplex Stainless Steel Market
13. France Super Duplex Stainless Steel Market
14. Russia Super Duplex Stainless Steel Market
15. Poland Super Duplex Stainless Steel Market
16. Turkey Super Duplex Stainless Steel Market
17. United Kingdom Super Duplex Stainless Steel Market
18. Rest of Europe Super Duplex Stainless Steel Market
21. Company Profile (Company Overview, Financial Matrix, Key Streaming landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Outokumpu Steel Company
- Acerinox S.A.
- Andus Group
- Core Alloys
- Vulkan Inox GmbH
- Voestalpine Edelstahl GmbH
- Sandvik
- Handtke Wiros
- König & Co. GmbH
- Nichelcrom
- SAVINOX
- FAI-FTC
- Tec-Sim S.r.l & W.Oberste-beulmann GmbH
Note: Product cover images may vary from those shown
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