Duplex Stainless Steel Pipe Market Revenue to outshine USD 1.6 BN BY 2027
Posted On January 18, 2021
The Global Duplex Stainless Steel Pipe Market revenue is anticipated to grow to around USD 1.6 BN by 2027 with a CAGR of 5.5% during the year 2020-2026 as per the report published by Value Market Research. Duplex stainless steel pipe is a class of stainless-steel pipe primarily used in corrosion-resistant applications. The pursuit of highly reliable and efficient materials in the process industries will be the primary stimulant for this market's growth. The toughness of duplex pipes and the ability to withstand aggressive fluids used in a myriad of applications will benefit market growth. The high strength and low cost of raw materials will boost the demand for duplex pipes in areas like towers and storage tanks, pharmaceuticals, shell, and tube heat exchangers used in the processing of sulfuric acid, and the production of urea and other fertilizers. Lack of experience and less vigilance during the manufacture or maintenance of the duplex pipes can degrade their performance and restrict this market's growth.
Duplex stainless steel pipes are a particular type of stainless-steel pipes with ferrite and austenite structures in two phases and equal proportions. They are commonly used to prevent localized corrosion, like pitting, crevice corrosion, and stress corrosion cracking. These pipes are best suited for chemical, petrochemical, and oil & gas product manufacturing industries where process equipment is exposed to highly corrosive fluids. With very high mechanical strength, duplex pipes allow for lighter fabrication and greater design flexibility. If properly maintained, they can operate for decades and are a very economical choice over other reactive metals. Duplex stainless steels are available in a family of grades, with varied corrosion performance and different alloy content.
The elaborate study "Global Duplex Stainless Steel Pipe Market Report By Size (12-30 Mm, 31-50 Mm, 50-89 Mm, 90-140 Mm, 141-219 Mm, Other Sizes), By End Users (Offshore Oil And Gas, Chemical Process Industry, Chemical Tankers Or Shipbuilding, Desalination Or Water Treatment, Pulp & Paper, Air Pollution Control, Architectural, Building & Construction, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of size the market is segmented into 12-30 mm, 31-50 mm, 50-89 mm, 90-140 mm, 141-219 mm, Other Sizes. By end users the duplex stainless steel pipe market is categorised as Offshore Oil and Gas, Chemical Process Industry, Chemical Tankers or Shipbuilding, Desalination or Water Treatment, Pulp & Paper, Air Pollution Control, Architectural, Building & Construction, Others. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Duplex Stainless Steel Pipe Market -
- 12-30 mm
- 31-50 mm
- 50-89 mm
- 90-140 mm
- 141-219 mm
- Other Sizes
By End Users
- Offshore Oil and Gas
- Chemical Process Industry
- Chemical Tankers or Shipbuilding
- Desalination or Water Treatment
- Pulp & Paper
- Air Pollution Control
- Architectural, Building & Construction
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Outokumpu, Sandvik, Butting, ArcelorMittal, ThyssenKrupp, NSSMC, POSCO, Tata Steel, JFE, Sosta, and PSP.
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