Duplex Stainless Steel Market Projected to Reach 3.40 Billion USD by 2021

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MarketsandMarkets Presents
Duplex Stainless Steel Market Projected to Reach
3.40 Billion USD by 2021
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uplex-stainless-steel-market-32316483.html
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• The report "Duplex Stainless Steel Market by
  Grade (Duplex, Lean Duplex, Super Duplex),
  Product Form (Tubes, Pumps Valves, Fittings
  Flanges, Welding Wires), End-Use Industry (Oil
  Gas, Desalination, Chemical, Pulp Paper),
  Region - Global Forecast to 2021", The duplex
  stainless steel market is projected to grow from
  USD 2.70 Billion in 2016 to USD 3.40 Billion by
  2021, at a CAGR of 4.7 from 2016 to 2021.
• Browse 126 market data tables and 60 figures
  spread through 185 pages and in-depth TOC on
  "Duplex Stainless Steel Market - Global Forecast
  to 2021"
• Request FREE PDF Brochure https//www.marketsand
  markets.com/pdfdownload.asp?id32316483
• Market Dynamics
• Drivers
• Growth of end-use industries in emerging
  countries
• Restraints
• Rising cost of raw materials used to manufacture
  duplex stainless steel
• Opportunities
• Increase in offshore spending and potential of
  new oil field discovery
• Challenges
• Small scale of production compared to overall
  stainless steel

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uplex-stainless-steel-market-32316483.html
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• Scope of the Report
• This research report categorizes the duplex
  stainless steel market based on grade, product
  form, end-use industry, and region. The report
  forecasts revenues as well as analyzes the trends
  in each of these submarkets.
• Duplex Stainless Steel Market, Based on Grade
• Lean Duplex
• Duplex
• Super Duplex
• Duplex Stainless Steel Market, Based on Product
  Form
• Tubes
• Pumps Valves
• Fittings Flanges
• Rebar Mesh
• Welding Wires
• Others
• Duplex Stainless Steel Market, By Region
• North America
• Europe

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uplex-stainless-steel-market-32316483.html
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Industry Insights The duplex stainless steel
market was valued at USD 2.70 billion in 2016 and
is projected to reach USD 3.40 billion by 2021,
at a CAGR of 4.7 between 2016 and 2021.
Increasing demand for duplex stainless steel from
various end-use industries, such as oil gas,
chemical, desalination, pulp paper,
construction, and energy is expected to drive the
demand for duplex stainless steel during the
forecast period. Among grades, the super duplex
segment is projected to grow at the highest CAGR
during the forecast period. Super duplex
stainless steels are designed to handle extreme
corrosive and high pressure situations, and for
this reason, this grade is widely used in the oil
gas exploration activities. The growing oil
gas exploration activities are expected to drive
the growth of this segment in the forecast
period. Request FREE Sample Pages
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p?id32316483 Among product forms, the tubes
segment accounted for the largest share of the
duplex stainless steel market in 2016, in terms
of value. The growth of this segment can be
attributed to the growing use of duplex stainless
steel based tubes in offshore oil gas
exploration and production, heat exchangers in
chemical industry, and in hydraulic and
instrumentation applications in marine
industry. Based on end-use industry, the oil
gas industry segment led the duplex stainless
steel market in 2016. The growth of the oil gas
industry segment can be attributed to the
increasing oil gas exploration activities
around the world. Over the past few decades,
corrosive conditions in the oil gas Industry
have steadily grown in severity. The offshore oil
industry continually pushes oil exploration to
greater depths, which leads to higher pressure
conditions and harsher environments. Various
grades of duplex stainless steel are used in oil
gas industry for their improved corrosion and
stress resistance.
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uplex-stainless-steel-market-32316483.html
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Industry Leaders   Key players in the duplex
stainless steel market Outokumpu Oyj (Finland),
Tata Steel (India), Jindal Steel (India),
ArcelorMittal S.A. (Luxembourg), POSCO Group
(South Korea), Acerinox S.A. (Spain), Sandvik
Materials Technology AB (Sweden), Allegheny
Technologies Incorporated (U.S.), Daido Steel
Co., Ltd. (Japan), Nippon Yakin Kogyo Co Ltd.
(Japan), AK Steel Holding Corporation (U.S.),
Carpenter Technology Corporation (U.S.),
ThyssenKrupp AG (Germany), and Voestalpine AG
(Austria), among others. For more Info Visit
Our Blog _at_ https//chemicalsresearchmarket.wordpre
ss.com/Blog Geographical Scenario   The
Asia-Pacific region was the largest market for
duplex stainless steel in 2016. The region is a
major consumer of duplex stainless steel, which
are used in varied end-use industries, such as
automotive, food, chemical process, and energy,
among others. The demand for duplex stainless
steel is increasing in various countries, such as
Japan, China, India, and South Korea, among
others, of the Asia-Pacific region. To meet this
growing demand, top manufacturers from the U.S.
and Europe are now focusing on the Asia-Pacific
region to expand their businesses. Moreover, top
market players of steels are also headquartered
in this region. The Asia-Pacific duplex stainless
steel market is projected to grow at the highest
CAGR between 2016 and 2021.

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