Global Duplex Stainless Steel Market Outlook 2023-2036

The global duplex stainless-steel market is set to grow at a CAGR of 6.4% over the forecast period, i.e., 2024-2036. This growth is poised to be influenced by rising demand for oil & gas along with surging construction projects. Moreover, the growing employment of duplex stainless steel in the paper & pump industry, along with rising maritime activities is also projected to dominate the market expansion. The market is set to gather a revenue of near to USD 9 Billion by the end of 2036, up from a revenue of about USD 4 Billion in the year 2023.

The global duplex stainless-steel market is segmented into numerous segments, which include segmentation by grade, product type, and by end-use industry. By product types, the market is further segmented into welding wires, pumps & valves, fittings & flanges, and others. Out of these segments, the welding wires segment is predicted to gather the largest revenue of close to USD 3 Billion by the end of 2036, up from a revenue of over USD 1 Billion in the year 2023.

On the basis of region, the global duplex stainless-steel is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The Asia Pacific market for duplex stainless-steel is poised to generate the highest revenue of close to 5 Billion by the end of 2036, up from a revenue of more than USD 2 Billion by the end of 2023.

Some of the prominent industry leaders in the global duplex stainless-steel market that are included in our report are NIPPON STEEL Stainless Steel Corporation, Industeel, Jindal Stainless, Daido Steel Co., Ltd., Thyssenkrupp AG, Shandong Linxu Materials Co., Ltd., Sandvik AB, Acerinox, POSCO, Penn Stainless, and others.

1. An Outline of the Global Duplex Stainless-Steel Market

1.1 Market Definition
1.2 Market Segmentation
1.3 Product Overview

2. Assumptions and Abbreviations

3. Research Methodology & Approach

3.1 Research Process
3.2 Primary Research
3.2.1 Manufacturers
3.2.2 End Users
3.3 Secondary Research
3.4 Market Size Estimation

4. Summary of the Report for Key Decision Makers

5. Forces of Market Constituents

5.1. Factors/Drivers Impacting the Growth of the Market
5.2. Market Trends for Better Business Practices

5 Key Market Opportunities for Business Growth6 Major Roadblocks for the Market Growth

7 Decarbonization Strategy and Carbon Credit Benefits for Market Players

7.1 Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
7.2 Measures taken by Countries to Reduce Carbon Footprints
7.3 Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
7.4 Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
7.5 Demand Impact on the Companies Opting for Carbon Credits

8 Government Regulation

9 Industry Risk Analysis

9.1 Demand risk analysis
9.2 Supply risk analysis

10 Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Duplex Stainless-Steel Market

10.1 Ukraine-Russia crisis
10.2 Potential US economic slowdown
10.3 Impact of recession on global economy

11 Impact of recession on Global Economy12 Industry Supply Chain Analysis

13 Competitive Model: A Detailed Inside View for Investors

13.1 Company Market Share (2023)
13.2 Competitive Benchmarking
13.2.1 NIPPON STEEL Stainless Steel Corporation
13.2.1.1 Detailed Overview
13.2.1.2 Assessment of key offerings
13.2.1.3 Analysis of growth strategies
13.2.1.4 Exhaustive analysis on key financial indicators
13.2.1.5 Recent developments and strategies
13.2.2 Industeel
13.2.3 Jindal Stainless
13.2.4 Daido Steel Co., Ltd.
13.2.5 Thyssenkrupp AG
13.2.6 Shandong Linxu Materials Co., Ltd.
13.2.7 Sandvik AB
13.2.8 Acerinox
13.2.9 POSCO
13.2.10 Penn Stainless
13.2.11 Other Major Players

14 Global Duplex Stainless-Steel Market Outlook

14.1 Market Overview
14.2 Market Revenue by Value (USD Million), Volume (Thousand Tons)
14.2.1 Global Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
14.2.1.1 By Grade
14.2.1.1.1 Duplex, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
14.2.1.1.2 Lean Duplex, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
14.2.1.1.3 Super Duplex, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
14.2.2 Global Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
14.2.2.1 By Product Form
14.2.2.1.1 Welding Wires, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
14.2.2.1.2 Pumps & Valves, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
14.2.2.1.3 Fittings & Flanges, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
14.2.2.1.4 Others, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
15.2.2 Global Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
15.2.2.1 By End-Use Industry
15.2.2.1.1 Oil & Gas, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
15.2.2.1.2 Pulp & Paper, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
15.2.2.1.3 Chemical, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
15.2.2.1.4 Desalination, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
15.2.2.1.5 Others, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F

16 Global Duplex Stainless-Steel Market, By Region, 2023-2036

16.2 North America, 2023-2036F (USD Million & Thousand Tons)
16.3 Europe, 2023-2036F (USD Million & Thousand Tons)
16.4 Asia Pacific, 2023-2036F (USD Million & Thousand Tons)
16.5 Latin America, 2023-2036F (USD Million & Thousand Tons)
16.6 Middle East and Africa, 2023-2036F (USD Million & Thousand Tons)

17 North America Duplex Stainless-Steel Market Demand Outlook & Projections, 2023-2036

17.2 Market Overview
17.3 Market Revenue by Value (USD Million), Volume (Thousand Tons)
17.3.2 North America Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
17.3.2.1 By Grade
17.3.2.1.1 Duplex, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.2.1.2 Lean Duplex, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.2.1.3 Super Duplex, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.3 North America Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
17.3.3.1 By Product Form
17.3.3.1.1 Welding Wires, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.3.1.2 Pumps & Valves, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.3.1.3 Fittings & Flanges, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.3.1.4 Others, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.4 North America Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
17.3.4.1 By End-Use Industry
17.3.4.1.1 Oil & Gas, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.4.1.2 Pulp & Paper, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.4.1.3 Chemical, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.4.1.4 Desalination, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.4.1.5 Others, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.5 North America Duplex Stainless-Steel Market, By Country, 2023-2036
17.3.5.1 US, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
17.3.5.2 Canada, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F

18 Europe Duplex Stainless-Steel Market Demand Outlook & Projections, 2023-2036

18.2 Market Overview
18.3 Market Revenue by Value (USD Million), Volume (Thousand Tons)
18.3.2 Europe Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
18.3.2.1 By Grade
18.3.3 Europe Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
18.3.3.1 By Product Form
18.3.4 Europe Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
18.3.4.1 By End-Use Industry
18.3.5 Europe Duplex Stainless-Steel Market, By Country, 2023-2036
18.3.5.1 UK, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
18.3.5.2 Germany, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
18.3.5.3 France, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
18.3.5.4 Italy, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
18.3.5.5 Spain, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
18.3.5.6 Russia, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
18.3.5.7 NORDIC, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
18.3.5.8 Rest of Europe, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F

19 Asia Pacific Duplex Stainless-Steel Market Demand Outlook & Projections, 2023-2036

19.2 Market Overview
19.3 Market Revenue by Value (USD Million), Volume (Thousand Tons)
19.3.2 Asia Pacific Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
19.3.2.1 By Grade
19.3.3 Asia Pacific Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
19.3.3.1 By Product Form
19.3.4 Asia Pacific Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
19.3.4.1 By End-Use Industry
19.3.5 Asia Pacific Duplex Stainless-Steel Market, By Country, 2023-2036
19.3.5.1 China, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
19.3.5.2 India, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
19.3.5.3 Japan, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
19.3.5.4 Indonesia, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
19.3.5.5 Malaysia, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
19.3.5.6 Australia, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
19.3.5.7 Rest of Asia Pacific, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F

20 Latin America Duplex Stainless-Steel Market Demand Outlook & Projections, 2023-2036

20.2 Market Overview
20.3 Market Revenue by Value (USD Million), Volume (Thousand Tons)
20.3.2 Latin America Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
20.3.2.1 By Grade
20.3.3 Latin America Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
20.3.3.1 By Product Form
20.3.4 Latin America Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
20.3.4.1 By End-Use Industry
20.3.5 Latin America Duplex Stainless-Steel Market, By Country
20.3.5.1 Argentina, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
20.3.5.2 Mexico, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
20.3.5.3 Rest of Latin America, 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F

21 Middle East & Africa Duplex Stainless-Steel Market Demand Outlook & Projections, 2023-2036

21.2 Market Overview
21.3 Market Revenue by Value (USD Million), Volume (Thousand Tons)
21.3.2 Middle East & Africa Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
21.3.2.1 By Grade
21.3.3 Middle East & Africa Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
21.3.3.1 By Product Form
21.3.4 Middle East & Africa Duplex Stainless-Steel Market Segmentation Analysis (2023-2036)
21.3.4.1 By End-Use Industry
21.3.5 Middle East & Africa Duplex Stainless-Steel Market, By Country
21.3.5.1 GCC, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
21.3.5.2 Israel, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
21.3.5.3 South Africa, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
21.3.5.4 North Africa, Market 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F
21.3.5.5 Rest of Middle East & Africa, 2023-2036F Value (USD Million), Volume (Thousand Tons), CAGR, 2023-2036F

Companies Mentioned

NIPPON STEEL Stainless Steel Corporation
Industeel
Jindal Stainless
Daido Steel Co. Ltd.
Thyssenkrupp AG
Shandong Linxu Materials Co. Ltd.
Sandvik AB
Acerinox
POSCO
Penn Stainless

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