Jan 15, 2024   SOURCE: BusinessWire

Global Duplex Stainless Steel Market Outlook 2023-2036: Rising Demand for Corrosion-Resistant Duplex Stainless Steel Boosts Market Prospects - ResearchAndMarkets.com

The "Global Duplex Stainless Steel Market Outlook 2023-2036" report has been added to ResearchAndMarkets.com's offering.

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 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 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.

Key Topics Covered:

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

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 Growth

6 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 Economy

12 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

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