Duplex Stainless Steel: Global Strategic Business Report

Global Duplex Stainless Steel Market to Reach $4.6 Billion by 2030

The global market for Duplex Stainless Steel estimated at US$3.3 Billion in the year 2022, is projected to reach a revised size of US$4.6 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030. Tubes, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pumps & Valves segment is readjusted to a revised 4.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $897.9 Million, While China is Forecast to Grow at 7.2% CAGR

The Duplex Stainless Steel market in the U.S. is estimated at US$897.9 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$964.7 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$611.5 Million by the year 2030.

Select Competitors (Total 42 Featured) -

• Acerinox S.A.
• AK Steel Holding Corporation
• 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.
• 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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• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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