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Duplex Stainless Steel Tubes Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
According to the report published by Facts & Factors, the global Duplex Stainless Steel Tubes market size was worth around USD 1000 million in 2019 and is predicted to grow around USD 1500 million by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2020 and 2026. The report analyzes the global Duplex Stainless Steel Tubes market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Duplex Stainless Steel Tubes market.
The duplex stainless steel tubes market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire duplex stainless steel tubes market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) and volume (K Units) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the duplex stainless steel tubes industry. The report analyzes and declares the historical and current trends analysis of the Duplex stainless steel tubes industry and subsequently recommends the projected trends anticipated to be observed in the duplex stainless steel tubes market during the upcoming years.
Key Insights from Primary Research
- As per our primary respondents, the China duplex stainless steel tubes market is set to grow annually at a rate of around 6.0%
- It was established through primary research that the China duplex stainless steel tubes market was valued at more than USD 250.00 million in 2019
- The robust industrialization in China is supposed to display the highest growth in the regional market as it is one of the developed economies.
- Increasing urbanization is supposed to fuel market growth. Companies are supposed to invest in R&D to innovate better products. Product invention will open new opportunities for the duplex stainless steel tubes and thus is expected to propel the industry demand in the upcoming years.
- The “31-50 mm” category, on the basis of size segmentation, was the leading revenue-generating category accounting for more than 30.0% share, in 2019.
- The “Offshore Oil And Gas” category, on the basis of application segmentation, was the leading revenue-generating category accounting for more than 40.0% share, in 2019.
Key Recommendations from Analysts
- The growing investments in the infrastructure sector across the globe are increasing the demand for the duplex stainless steel tubes segment. There is a huge demand for duplex stainless steel tubes in developing regions such as the Asia Pacific, which is driving the sports and medical industry in the regions.
- Asia Pacific region is anticipated to have a larger share of the duplex stainless steel tubes market in the upcoming years.
- China'sduplex stainless steel tubes market is anticipated to rise at the highest rate between 2020 and 2026.
- Growing at a CAGR of around 6.0%, the China duplex stainless steel tubes and mining market provides numerous opportunities for all of the involved stakeholders across the entire value chain
- Our analysts have identified the “31-50 mm”, and “Offshore Oil And Gas”. categories as the leading investment pockets for the China duplex stainless steel tubes market in terms of type and application segmentations respectively
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the duplex stainless steel tubes industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the duplex stainless steel tubes industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the duplex stainless steel tubes market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Duplex stainless steel tubes industry. The duplex stainless steel tubes market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Duplex stainless steel tubes sector. Key strategic developments in the duplex stainless steel tubes market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the duplex stainless steel tubes market are appropriately highlighted in the report.
The global duplex stainless steel tubes market is experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for offshore oil and gas, construction, and chemical process industry is likely to act as a key driver of the global duplex stainless steel tubes market.
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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The duplex stainless steel tubes market research report delivers an acute valuation and taxonomy of the Duplex stainless steel tubes industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The regional segmentation of the duplex stainless steel tubes industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the duplex stainless steel tubes industry is provided for the leading economies of the world.
The duplex stainless steel tubes market is segmented based on size, application, and sales channel. On the basis of type segmentation, the market is classified into roll form and pre-cut strips. In terms of application segmentation, the market is bifurcated into Sports Protection and Medical Rehabilitation. In terms of sales channel segmentation, the market is bifurcated into the sporting goods store, pharmacies & drugstores, direct sales, online, and others.
Some of the essential players operating in the duplex stainless steel tubes market, but not restricted to include
- Butting Group
- ArcelorMittal
- ThyssenKrupp
- NSSMC
- POSCO
- Tata Steel
- JFE
- North American Stainless
- Tenaris
- Tubacex
- Metline Industries,
- Baosteel
The taxonomy of the Duplex stainless steel tubes market by its scope and segmentation is as follows:
Size Analysis
- 12-30 mm
- 31-50 mm
- 50-89 mm
- 90-140 mm
- 141-219 mm
- Other Sizes
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 Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Butting Group
- ArcelorMittal
- ThyssenKrupp
- NSSMC
- POSCO
- Tata Steel
- JFE
- North American Stainless
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