The Global Duplex Stainless Steel market is expected to reach $4.56 billion by 2026 growing at a CAGR of 6.8% during 2018 to 2026.

The key vendors mentioned are AK Steel Holding Corporation, Nippon Steel & Sumikin Stainless Steel Corporation, Carpenter Technology Corporation, Outokumpu OYJ, Daido Steel Co. Ltd., Allegheny Technologies Incorporated, Tata Steel, and Nippon Yakin Kogyo Co. Ltd.

Hyderabad, India - August 9, 2019 /MarketersMedia/ —

Duplex stainless steel is twice as strong as the ferric stainless steel and regular austenitic steels. Duplex stainless steel offers excellence resistant to corrosion and high mechanical strength ensuring more uptime than the carbon steels and the conventional steels. Some of the key factors influencing the market growth include increasing demand for duplex stainless steel from various end-use industries, such as chemical, oil & gas, pulp & paper, desalination, energy and construction, growing steel industry. However, the rising cost of raw materials used to manufacture duplex stainless steel is restricting market growth.

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Based on product form, the tubes segment has significant growth during the forecast period, owing to the growing use of duplex stainless steel based tubes in offshore oil & gas exploration and production, heat exchangers in the chemical industry, and in hydraulic and instrumentation applications in the marine industry.

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Product Forms Covered:
• Welding Wires
• Pumps & Valves
• Rebar & Mesh
• Tubes
• Fittings & Flanges
• Other Product Forms

Grades Covered:
• Duplex
• Super & Hyper Duplex
• Lean Duplex

End Users Covered:
• Desalination Industry
• Construction Industry
• Oil & Gas Industry
• Pulp & Paper
• Chemical Industry
• Other End Users

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period

Contact Info:
Name: Sadhana Shukla
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Organization: Syngene Market Research Reports
Website: https://www.syngeneresearch.com/

Source URL: https://marketersmedia.com/the-global-duplex-stainless-steel-market-is-expected-to-reach-456-billion-by-2026-growing-at-a-cagr-of-68-during-2018-to-2026/88906397

Source: MarketersMedia

Release ID: 88906397