Duplex Stainless Steel Pipe Market Research Report - Global Forecast till 2027

Duplex Stainless Steel Pipe Market: Information by Product Type (Hyper Duplex, Standard Duplex, Super Duplex and Lean Duplex), Manufacturing Type (Seamless, Welded and others), Thickness (5.0–10 Mm, 2.5–5.0 Mm And 0.3–2.5 Mm), Outer Diameter (10 to 16 Inch, 3 to 10 Inch and 1.5 to 3 Inch), Application (Offshore Oil & Gas, Chemical Process Industry, Chemical Tankers/Shipbuilding, Desalination/Water Treatment and Pulp & Paper) and Region [North America, Europe, Asia-Pacific (APAC), South America and the Middle East & Africa] - Forecast to 2027

ID: MRFR/CO/7065-CR | November 2019 | Region: Global | 174 pages

Duplex Stainless Steel Pipe Market Overview


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.


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).


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  Duplex Stainless Steel Pipe Market


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.



  • 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?



Report Scope:
Report Attribute/Metric Details
  Market Size   2025: USD 2,516.0 Million
  CAGR   4.66% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, Manufacturing Type, Thickness, Outer Diameter, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   The demand for corrosive and cracking resistant duplex grades products
  Key Market Drivers   To be driven by its cost-effectiveness and efficiency


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Frequently Asked Questions (FAQ) :


Global duplex stainless steel pipe market is projected to grow at approximately 4.66 % CAGR during the assessment period (2019-2025).

The valuation of the global duplex stainless steel pipe market is estimated to increase to USD 2,516.0 MN by the end of 2025.

Based on product type, the hyper duplex segment, based on manufacturing process, the seamless segment, and based on application, the offshore oil & gas segment holds majority shares in the global duplex stainless steel pipe market.

Asia Pacific holds the largest share in the global duplex stainless steel pipe market, followed by North America and Europe, respectively.

Sandvik AB (Sweden), Wenzhou Zheheng Steel Industry Co. Ltd.(China), ArcelorMittal (Luxembourg), Outokumpu (Finland), Nippon Steel Corporation (Japan), Tenaris S.A. (Luxembourg), TUBACEX S.A. (Spain), POSCO (South Korea), H.Butting Gmbh & Co.KG (Germany), JFE Steel Corporation (Japan), Metline Industries (India), Jiuli (China), Zheijang Debang Steel Co. Ltd (China), and Zhejiang Tsinghshan Steel Pipe Co. Ltd (China), are some of the top players operating in the global duplex stainless steel pipe market.