Global Duplex Stainless Steel Tubes Market Share Is Expected To Grow At A CAGR Of 6% By 2026

03-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Duplex Stainless Steel Tubes Market By Size (12-30 mm, 31-50 mm, 50-89 mm, 90-140 mm, 141-219 mm, and other sizes), By Application (Offshore Oil and Gas, Chemical Process Industry, Chemical Tankers / Shipbuilding, Desalination / Water Treatment, and Others (Construction, Pulp & Paper Industry, Etc.)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Duplex Stainless Steel Tubes market in 2019 was approximately USD 1,000.00 Million. The market is expected to grow at a CAGR of around 6.0% and is anticipated to reach around USD 1500.00 Million by 2026.

Duplex Stainless Steel Tubes Market

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The microstructure within duplex stainless steel tubes is approximately 50 percent ferrite & 50 percent austenite, and products share the physical properties of both austenitic & ferritic grades. It exhibits better-quality resistance to localized corrosion and is resistant to the cracking caused by chloride stress corrosion in austenitic grades. It can be used to design thinner gauge tubing.

Advanced hardness values offer better wear resistance for high precision tubes. Duplex steel has a ductile or brittle transition at approximately -50 degrees. These tubes are characterized by high molybdenum (up to 5%) & chromium (19–28%) and lower nickel contents compared to austenitic stainless steel. It is available in different grades with different chemical compositions depending on end-use industry requirements.

Browse the full “Duplex Stainless Steel Tubes Market By Size (12-30 mm, 31-50 mm, 50-89 mm, 90-140 mm, 141-219 mm, and other sizes), By Application (Offshore Oil and Gas, Chemical Process Industry, Chemical Tankers / Shipbuilding, Desalination / Water Treatment, and Others (Construction, Pulp & Paper Industry, Etc.)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/duplex-stainless-steel-tubes-market-size-12-30

Increasing investment in infrastructure development is the key factor in the increasing importance of duplex stainless steel tubes through the construction sector. The duplex stainless steel tubes market growth is mainly attributed to growing demand in the construction and infrastructure development sector. Worldwide the demand for the development of new social infrastructure has increased drastically in recent years. Countries such as Japan and China are demanding highly durable and low-maintenance infrastructure.

The global duplex stainless steel tubes market is expected to grow owing to the in-demand and extensive focus on research and development by key players. Rising offshore and onshore application activities are anticipated to witness significant growth in the global duplex stainless steel tubes market within the forecast period. The growing use of carbon fiber in the automotive industry may hamper the market’s growth. Research and development, innovation activities in the technology of the duplex stainless steel tubes and increased government investment in the Oil & gas and chemical industries are anticipated to open new avenues for the duplex stainless steel tubes market in the near future.   

On the basis of size, the global duplex stainless steel tubes market is segmented as 12-30 mm, 31-50 mm, 50-89 mm, 90-140 mm, 141-219 mm, and other sizes. Among which 31-50 mm size segment accounted for the major revenue share in the global duplex stainless steel tubes market in 2019. This growth is attributed to the rising demand for 31-50mm duplex stainless steel tubes from the automotive sector.

Compared to the 12-13mm tube segment, the PAI 31-50mm tubes have a broad range of applications in the automotive segment to make exhaust components, catalytic converter shells, and rollbars/bull bars. In 2019, the pre-cut strips segment accounted for around 30.0% of the global Duplex Stainless Steel Tubes industries.

On the basis of application, the global duplex stainless steel tubes market is categorized into offshore oil and gas, chemical process industry, desalination/water treatment, chemical tankers/shipbuilding, and others (construction, pulp & paper industry, etc.). Among the aforementioned segment, the offshore oil and gas segment accounted for more than 40.0% of revenue share in 2019.

Particularly, the offshore oil industry is constantly pushing oil examination to more projecting depths, which leads to higher pressure conditions and hazardous surroundings. However, in order to overcome these difficult situations, and additionally so as to be organized for the high cost of parts failure, it has become necessary to select the specific alloys for the oil & gas industry applications. The growth in the oil & gas and construction industry in the past few years has increased the demand for duplex stainless steel tubes.

Regional Overview:

On the basis of region the duplex stainless steel tubes market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the North American region dominates the Duplex Stainless Steel Tubes market among all the regions followed by Europe in terms of value.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 1,000.00 Million

Projected Market Size in 2026

USD 1500.00 Million

CAGR Growth Rate

6.0% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Butting Group, ArcelorMittal, ThyssenKrupp, NSSMC, POSCO, Tata Steel, JFE, North American Stainless, Inc., Tenaris, Tubacex, Metline Industries, and Baosteel, and others.

Key Segment

Size, Analysis, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Competitive Landscape:

Some of the key players operating in the market include Butting Group, ArcelorMittal, ThyssenKrupp, NSSMC, POSCO, Tata Steel, JFE, North American Stainless, Inc., Tenaris, Tubacex, Metline Industries, and Baosteel, among others.

This report segments the global Duplex Stainless Steel Tubes market as follows:

Global Duplex Stainless Steel Tubes Market: Size Analysis

  • 12-30 mm
  • 31-50 mm
  • 50-89 mm
  • 90-140 mm
  • 141-219 mm
  • Other Sizes

Global Duplex Stainless Steel Tubes Market: Application Analysis

  • Offshore Oil and Gas
  • Chemical Process Industry
  • Chemical Tankers / Shipbuilding
  • Desalination / Water Treatment
  • Others (Construction, Pulp & Paper Industry, Etc.)

Global Duplex Stainless Steel Tubes Market: Regional Analysis

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East & Africa

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