Market Overview, Global Duplex Stainless Steel Pipe Market is expected to reach a market size of USD 2,516.0 Million by 2025 and expand at 4.66% CAGR during the forecast period. , Duplex stainless steel pipe is composed of a two-phase microstructure consisting of grains of ferritic and austenitic stainless steel. The duplex pipes have various properties, such as higher corrosion resistance and higher strength. The duplex stainless pipe comes in four types lean duplex, standard duplex, super duplex, and hyper duplex. It has wide applications in offshore oil & gas, chemical process, chemical tankers/shipbuilding, desalination/water treatment, and pulp & paper industry. The global duplex stainless steel pipes market is expected to witness substantial growth during the forecast period. The demand for duplex stainless steel pipe is expected to be driven by its cost-effectiveness and efficiency. Duplex stainless steel pipes are primarily used in exploration and production activities. As technology progresses in the oil & gas exploration activities, the demand for corrosive and cracking resistant duplex grades products is becoming higher., However, the volatile raw material prices are expected to restrain the growth of the global duplex stainless steel pipes market., Moreover, the growing investments in the oil & gas industry are expected to create an opportunity for the players operating in the global stainless steel pipe market, Segmentation, The Global Duplex Stainless Steel Pipe Industry is segmented based on product type, manufacturing type, thickness, outer diameter, and application. Based on product type, the global duplex stainless steel pipes market is segmented into hyper duplex, standard duplex, super duplex, and lean duplex. The hyper duplex segment is expected to dominate the market as it is an advanced version of duplex steel and exhibits the highest corrosion pitting resistance and highest strength co

Market Overview

Global Duplex Stainless Steel Pipe Market is expected to reach a market size of USD 2,516.0 Million by 2025 and expand at 4.66% CAGR during the forecast period.

Duplex stainless steel pipe is composed of a two-phase microstructure consisting of grains of ferritic and austenitic stainless steel. The duplex pipes have various properties, such as higher corrosion resistance and higher strength. The duplex stainless pipe comes in four types lean duplex, standard duplex, super duplex, and hyper duplex. It has wide applications in offshore oil & gas, chemical process, chemical tankers/shipbuilding, desalination/water treatment, and pulp & paper industry. The global duplex stainless steel pipes market is expected to witness substantial growth during the forecast period. The demand for duplex stainless steel pipe is expected to be driven by its cost-effectiveness and efficiency. Duplex stainless steel pipes are primarily used in exploration and production activities. As technology progresses in the oil & gas exploration activities, the demand for corrosive and cracking resistant duplex grades products is becoming higher.

However, the volatile raw material prices are expected to restrain the growth of the global duplex stainless steel pipes market.

Moreover, the growing investments in the oil & gas industry are expected to create an opportunity for the players operating in the global stainless steel pipe market

Segmentation

The Global Duplex Stainless Steel Pipe Industry is segmented based on product type, manufacturing type, thickness, outer diameter, and application. Based on product type, the global duplex stainless steel pipes market is segmented into hyper duplex, standard duplex, super duplex, and lean duplex. The hyper duplex segment is expected to dominate the market as it is an advanced version of duplex steel and exhibits the highest corrosion pitting resistance and highest strength compared to other duplex steel pipes.

Based on manufacturing type, the global duplex stainless steel pipe market is segmented into seamless, welded, and others. The seamless segment is expected to dominate the market as it has a wide range of applications in oil & gas, petrochemical, chemical, shipbuilding, pulp & paper industry, and wastewater treatment applications.

Based on thickness, the global stainless steel pipe market is segmented into 5.0–10 mm, 2.5–5.0 mm, and 0.3–2.5 mm. The 5.0–10 mm segment is expected to dominate the market.

Based on outer diameter, the global duplex stainless steel pipe market is segmented into 10 to 16 Inch, 3 to 10 Inch, and 1.5 to 3 Inch. The 10 to 16-inch segment is expected to dominate the global market during the forecast period.

Based on application, the Global Stainless Steel Pipe Market is segmented into offshore oil & gas, chemical process industry, chemical tankers/shipbuilding, desalination/water treatment, and pulp & paper. The offshore oil & gas segment is the major segment for duplex stainless-steel pipes owing to its high durability and high resistive properties such as resistance to pitting, stress corrosion cracking, and crevice corrosion.

Regional Analysis

Region-specific analysis of the duplex stainless steel pipe market spans across North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa.

Global Duplex Stainless Steel Pipe Industry, by Region, 2018

Source: MRFR Analysis

Asia-Pacific is anticipated to lead the duplex stainless steel pipe during the study period, followed by Europe, as the demand for oil and gas in the Asia-pacific region is growing at a rapid rate, which is consequently driving the demand for exploration and production activities in offshore oil fields. Moreover, a majority of the countries in Asia-Pacific are the key importers of oil and gas, which is further driving the demand for inter-country pipelines in the region for ensuring the continuous and reliable supply of oil and gas in the region. Thus, the increasing offshore oil and gas production and increasing imports are expected to drive the demand for duplex stainless-steel pipes in Asia-Pacific during the forecast period.

Synopsis

The Global Duplex Stainless Steel Pipe Market has been segmented based on product type, manufacturing type, thickness, outer diameter and application, and region.

Based on product type, the global duplex stainless steel pipe market is segmented into hyper duplex, standard duplex, super duplex, and lean duplex. The hyper duplex segment dominated the global market as it is the most advanced version of duplex steel and display the highest corrosion pitting resistance and highest strength as compared to other duplex steels. It is preferred in the oil & gas industry as it can withstand high pressures, high temperatures, and extreme corrosive environment.

Key Competitors

The Key Players of the Global Duplex Stainless Steel Pipe Industry are ArcelorMittal (Luxembourg), Nippon Steel Corporation (Japan), Sandvik AB (Sweden), TUBACEX S.A. (Spain), JFE Steel Corporation (Japan), Zhejiang Tsinghshan Steel Pipe Co. Ltd (China), POSCO (South Korea), Jiuli (China), Outokumpu (Finland), Tenaris S.A. (Luxembourg), H.Butting Gmbh & Co.KG (Germany), Metline Industries (India), Zheijang Debang Steel Co. Ltd (China), and Wenzhou Zheheng Steel Industry Co. Ltd (China).



In June 2018 , Outokumpu acquired Fagersta Stainless AB in Sweden. It holds 50% of the Fagersta Stainless shares, which is a leader in special stainless-steel wire rod products serving customers globally.





In October 2019 , Sandvik’s team based in Dubai announced a new working partnership with heat exchanger manufacturer Serck Services (Gulf) based in Sharjah, UAE. This cooperation and supply agreement has been initiated to offer service and advice on the best types of material and grades to customers operating and maintaining heat exchangers considering the process conditions.



Market Segmentation



By Product Type- Hyper Duplex, Standard Duplex, Super Duplex, and Lean Duplex





By Manufacturing Type- Seamless, Welded, and Others





By Thickness- 5.0–10 mm, 2.5–5.0 mm, and 0.3–2.5 mm





By Outer Diameter- 10 to 16 Inch, 3 to 10 Inch, and 1.5 to 3 Inch





By Application- Offshore Oil & Gas, Chemical Process Industry, Chemical Tankers/Shipbuilding, Desalination/Water Treatment, and Pulp & Paper



Key Questions Addressed by the Report



What was the historic market size (2018)?



Which segmentation ( Product Type / Manufacturing Type/ Thickness/Outer Diameter /Application) is driving the market?



What will be the growth rate by 2025?



How are the key players in this market?



What are the strategies adopted by key players ?



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