Duplex Stainless Steel Market
Duplex Stainless Steel Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Duplex Stainless Steel Market Size and Growth
The Duplex Stainless Steel market is experiencing robust growth, driven by increasing industrial applications and demand for corrosion-resistant materials. In 2022, the market size reached approximately $5 billion and is projected to expand at a CAGR of 4% through 2030, reflecting rising construction and energy sector investments globally. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Outokumpu OYJ
◍ Tata Steel
◍ Arcelormittal S.A.
◍ Nippon Steel & Sumikin Stainless Steel Corporation
◍ Sandvik Materials Technology AB
◍ Posco Group
◍ Acerinox S.A.
◍ Allegheny Technologies Incorporated
◍ Jindal Steel & Power Ltd
◍ Daido Steel Co. Ltd.
◍ Nippon Yakin Kogyo Co. Ltd.
◍ AK Steel Holding Corporation
◍ Thyssenkrupp Ag
◍ Voestalpine Ag
◍ Carpenter Technology Corporation
The Duplex Stainless Steel Market includes major players like Outokumpu OYJ, Tata Steel, and Arcelormittal S.A., which leverage duplex steel for corrosion resistance in various industries. Their innovations and strategic partnerships enhance market growth. Sales revenues: Outokumpu (€3.7B), Tata Steel ($21.1B), and Arcelormittal ($85.2B).
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Market Segmentation
By Application
◍ Oil & Gas Industry
◍ Desalination Industry
◍ Chemical Industry
◍ Pulp & Paper Industry
◍ Construction Industry
By Product
◍ Lean Duplex
Duplex
Super Duplex
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Market Growth
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$ 27.37 Billion
