Uploaded on Nov 10, 2021
Duplex stainless steel is stronger than regular steel. Duplex stainless steel offers greater resistance to corrosion and high mechanical strength. Duplex stainless steel is a combination of both ferritic and the austenitic grades, thus possessing greater properties.
Duplex Stainless Steel Market Analysis by Product Types & Applications; Industry, Regions & Market Overview
Duplex Stainless Steel Market Analysis by Product
Types & Applications; Industry, Regions & Market
Overview
Duplex Stainless Steel Market By Grade (Duplex, Lean Duplex, Super and Hyper Duplex),
Product Form (Tubes Pumps and Valves, Fittings and Flanges, Welding Wires, Rebar,
Mesh and Others), End User Industry (Oil and Gas, Desalination, Chemical,
Construction, Pulp and Paper and Others), Country (U.S., Canada, Mexico, Brazil,
Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia,
Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea,
Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific,
U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry
Trends and Forecast to 2028
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Market Analysis and Insights
Duplex stainless steel is stronger than regular steel. Duplex stainless steel offers greater
resistance to corrosion and high mechanical strength. Duplex stainless steel is a
combination of both ferritic and the austenitic grades, thus possessing greater
properties.
Growth and expansion of the various end user verticals is the root cause fuelling up the
duplex stainless steel market growth rate. Advantageous properties offered by duplex
stainless steel are another factor responsible for propelling growth in the duplex
stainless steel market value. Rising demand for duplex stainless steel by building and
construction industry owing to the rising urbanization and growth in construction
activities especially in the developing economies will further accelerate the market
growth rate. Rising industrialization will also directly and positively impact the demand
for recycled glass globally.
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Major Key Players
Some of the major players operating in this market are :
• COLUMBUS STAINLESS (PTY) LTD
• Sandmeyer Steel Company,
• Jindal Steel & Power Limited
• Aalco Metals Limited.
• Special Steel Components Corporation
• Penn Stainless
• NIPPON STEEL CORPORATION
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Market Segmentation
• By Grade (Duplex, Lean Duplex, Super and Hyper Duplex)
• By Product Form (Tubes Pumps and Valves, Fittings and Flanges, Welding
Wires, Rebar, Mesh and Others)
• By End User Industry (Oil and Gas, Desalination, Chemical, Construction,
Pulp and Paper and Others)
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Regional Analysis
Based on geography, the market is segmented into five geographical
regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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