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Duplex Stainless Steel Market by Grade, Product Form, End-Use Industry, Region - Global Forecast to 2021

Duplex Stainless Steel Market: Global Forecast until 2021

  • May 2017
  • 187 pages
  • ID: 4920964
In this report:
According to EIA, Mexico accounted for ##,## barrels per day, or ##% of U.S. crude oil imports, in 2015.
According to International Stainless Steel Forum (ISSF), duplex stainless steel production accounted for only ##-##% of the global stainless steel production in 2015.
The global consumption of duplex stainless steel was ##.## KT in 2016, which is projected to reach ##.## KT by 2021, at CAGR of ##.##% between 2016 and 2021.


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"Duplex stainless steel market is estimated to grow ~$3.4B by 2021"

The duplex stainless steel market was estimated at ~$2.7B in 2016 and is projected to extend ~$3.4B by 2021, at a compound annual growth rate of 4.70 percent between 2016 and 2021. Elements such as cost efficiency, higher corrosion resistance properties, and increasing demand from the oil & gas market are driving the duplex stainless steel market. Increasing demand for duplex stainless steel from EU and Asia-Pacific regions is also anticipated to drive the market increase. The main restraint for the duplex stainless steel market is the increasing cost of raw materials used to manufacture duplex stainless steel.

"The super duplex segment is anticipated to observe the highest increase from 2016 to 2021"

Established on grade, the super duplex segment is anticipated to witness the highest rise in the duplex stainless steel market, amongst other grades including lean duplex and standard duplex. The increase of this segment can be accredited to the fact that super duplex stainless steel is a highly alloyed stainless steel designed for use in aggressive environments. It is designed to handle extreme environments, including highly corrosive conditions and pressures encountered at great depths in new oil and gas fields. The increasing oil and gas exploration around the globe is one of the main reasons for the increase ot the super duplex stainless steel market.

"The oil & gas segment projected to be the most important segment of the duplex stainless steel market"

Established on end-user market, the duplex stainless steel market has been broken down into oil & gas, chemical, desalination, pulp & paper, and construction, among others. The oil & gas segment is forecasted to be the biggest segment from 2016-2021, due to growing of duplex stainless steel based products in oil & gas exploration and production activities. The increasing oil & gas exploration around the globe is significantly boosting the market demand for duplex stainless steel in the oil & gas sector.

"The sector in Asia-Pac (APAC) expected to grow witness more significant rise during the outlook period"

The Asia-Pacific duplex stainless steel market is anticipated to witness the highest increase between 2016 and 2026. The territory is a main consumer of duplex stainless steel, which are used in varied end-use sectors, including oil & gas, automotive, chemical process market, power sector, and marine market, among others. The industry demand for duplex stainless steel is rising in different countries, including Japan, China (CN), India (IN), and South Korea (KR), among others, of the Asia Pacific (APAC) area.

Key players' distribution profiles:

• By Company category: Tier 1 - 17.0 percent, Tier 2 - 33.0 percent, and Tier 3 - 50.0 percent

• By Description: C-suite - 20.0 percent, D-level - 30.0 percent, and Others - 50.0 percent

• By Area: North America (NA) - 13.0 percent, Europe (EU) - 27.0 percent, APAC - 40.0 percent, and Others -20.0 percent

Main firms decribed in this market report contain Outokumpu Oyj, Tata Steel, Jindal Steel, ArcelorMittal S.A., POSCO Group, Acerinox S.A., Sandvik Materials Technology AB, Allegheny Technologies Incorporated, Daido Steel Co., Limited, Nippon Yakin Kogyo Co Ltd., AK Steel Holding Corporation, Carpenter Technology Corporation, ThyssenKrupp AG, and Voestalpine AG, among others.

Segment Research

This business report affords an overview of the market trends, drivers, and opportunities with respect to the duplex stainless steel market. It also offers a exhaustive overview of the market across five regions, that is, Asia-Pac, EU, North America continent, Middle East (ME) & African continent, and South America region. The study classifies the duplex stainless steel market established on grade, product form, end-use sector, and area. An in-depth study of leading actors, together with top increase strategies approved by them, is also covered in the analysis.

Why acquiring this study can help you

This industry report includes the following main aspects:

• What will be the market value by 2021 and what will be the increase rate?

• What are the top market trends?

• What are the factors projected to drive the increase of the market?

• What are the opportunities that impact market increase?

• Who are the top actors in this sector?

• Global report includes key regions, like North America, Europe (EU), and Asia Pacific (APAC), containing main countries in these areas, including the U.S., China (CN), India (IN), Belgium (BE), and Germany (DE)

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