About Duplex Stainless Steel
Duplex stainless steels have a combination of two phases, ferrite and austenite in approximately equal measure. This allows them to benefit from the advantages of both austenitic and ferritic stainless steels, leading to increased strength, improved weldability, higher toughness and resistance to several types of corrosion. The metallurgical structure of duplex stainless steel consists of two phases ferrite and austenite nearly in equal proportions. It is used to manufacture digesters in paper and pulp industry, tools in the desalination industry, chemical tankers, and others. Moreover, the growing construction and deepwater exploration activities are expected to witness growth in the Asia-Pacific region propelling market growth. Also, the growth in end-use industries will potentially drive the demand for duplex stainless steel in the near future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The duplex stainless steel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Duplex stainless-steel market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Duplex Stainless Steel market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 (United States) and Daido Steel Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sandmeyer Steel Company (United States), Rolled Alloys Inc. (United States), Cogne Acciai Speciali Spa (Italy) and Nippon Yakin Kogyo Co Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Duplex Stainless Steel market by Type (Lean Duplex, Duplex and Super Duplex), Application (Paper production, Desalination, Oil and Gas, Construction and Food and Drink Storage) and Region.
On the basis of geography, the market of Duplex Stainless Steel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Form, the sub-segment i.e. Tubes will boost the Duplex Stainless Steel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use Industry, the sub-segment i.e. Oil & Gas will boost the Duplex Stainless Steel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Duplex will boost the Duplex Stainless Steel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Applications in the Hostile Environments Such As Chemical Reactions and Sea Water and Rising Offshore Oil & Gas Activities
Market Growth Drivers:
Rising Demand for Steel with High Mechanical Strength and High Corrosion Resistance Property of Duplex Stainless Steel
Challenges:
Low Scale Production Compared To Overall Stainless Steel and Intense Competition among Established Players
Restraints:
Increasing Cost of Raw Materials Used in Production of Duplex Stainless Steel
Opportunities:
Increasing End-Use Industries in Developing Countries and Rising Demand from the Oil and Gas Industry
Key Target Audience
Duplex Stainless Steel Manufacturers, Duplex Stainless Steel Traders, Distributors, and Suppliers, End-Use Industries, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, Environment Support Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.