Duplex Stainless Steel Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The Duplex Stainless Steel Market size is expected to grow at an annual average of CAGR 3% during the forecast period (2022-2028). Stainless steel is a steel alloy containing at least 10.5% chromium and 1.2% carbon by mass. Stainless steel has excellent corrosion resistance, which increases with the size of the chromium content. When molybdenum is mixed with stainless steel, it increases corrosion resistance and helps reduce acid to pit attack from chloride solutions. Duplex stainless steels are twice as strong as regular austenitic and ferric stainless steels. Duplex stainless steel not only has good corrosion resistance, but also has high mechanical strength, resulting in longer uptime compared to carbon steel and other conventional steels. Duplex stainless steel is mainly used in industries such as paper, construction, chemical, oil and gas.

The following segmentation are covered in this report:

By End-user Industry

• Oil and Gas
• Construction
• Paper and Pulp
• Chemical Processing
• Other End-user Industries

By Type

• Lean Duplex Stainless Steel
• Duplex Stainless Steel
• Super Duplex Stainless Steel

Company Profile

• Acerinox S.A.
• Allegheny Technologies Incorporated
• ArcelorMittal S.A.
• Carpenter Technology Corporation
• Daido Steel Co., Ltd.
• Jindal Steel
• Outokumpu Oyj
• POSCO Group
• Sandvik Materials Technology AB
• Tata Steel

Scope of the report

The research study analyses the Duplex Stainless Steel Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Duplex Stainless Steel Market Report

• What was the Duplex Stainless Steel Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Duplex Stainless Steel Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Duplex Stainless Steel Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.