Stainless steel is an alloy of steel with a minimum 10.5% chromium and 1.2% of carbon by mass. Stainless steel is remarkable for its corrosive resistance, which increases with the magnitude of chromium content. When molybdenum is mixed with stainless steel, it increases corrosion resistance and helps in reducing acid against pitting attack in chloride solutions. Duplex stainless steel is two times stronger than regular austenitic and ferric stainless steels. Duplex stainless steel proffers not only excellent resistance to corrosion but also high mechanical strength, which further ensures more uptime as compared to carbon and other conventional steels. Duplex stainless steel is mainly used in industries like paper, construction, chemical, oil and gas.
Market Dynamics
The rise in offshore spending and growing steel industry are factors driving the growth of duplex stainless steel market globally. Also, increment in the raw material used in the production of stainless steel leads to the growth of the market. However, the increasing cost of raw materials acts as a restraint in the growth of the market. Rising demand for duplex stainless steel from various end-use industries, mainly the oil and gas industry is expected to foster the growth of duplex stainless steel market in the years to come.
Market Scope
The "Global Duplex Stainless Steel Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the duplex stainless steel market with detailed market segmentation by grade, product form, end use industry and geography. The global duplex stainless steel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading duplex stainless steel players and offers key trends and opportunities in the market.
Market Segmentation
The global duplex stainless steel market is segmented on the basis of grade, product form, end use industry and geography. On the basis of grade, the market classify into duplex, lean duplex, hyper & super duplex and others. The market on the basis of product form is broken into tubes, pulp & valves, fittings & flanges, welding wires, rebar & mesh and others. As per end use industry the market is bifurcated into oil & gas industry, desalination industry, chemical industry, paper & pulp industry, construction inudstry and others.
(image)
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the duplex stainless steel market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The duplex stainless steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the duplex stainless steel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the duplex stainless steel market in these regions.
(image)
MARKET PLAYERSThe reports cover key developments in the duplex stainless steel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from duplex stainless steel market are anticipated to lucrative growth opportunities in the future with the rising demand for duplex stainless steel in the global market. Below mentioned is the list of few companies engaged in the duplex stainless steel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the duplex stainless steel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Acerinox S.A.
-Allegheny Technologies Incorporated
-ArcelorMittal S.A.
-Carpenter Technology Corporation
-Daido Steel Co., Ltd.
-Jindal Steel
-Outokumpu Oyj
-POSCO Group
-Sandvik Materials Technology AB
-Tata Steel
(image)