NEW YORK, Feb. 11, 2025 /PRNewswire/ — Report with the AI impact on market trends – The duplex stainless steel pipe market and it is set to grow by USD 166.6 million from 2025 to 2029. However, the growth momentum will progressing at a CAGR of 4.4% during the forecast period, according to Technavio. The duplex stainless steel pipe market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Acerinox SA, Allegheny Technologies Inc., Aperam SA, ArcelorMittal SA, Carpenter Technology Corp., Centravis Production Ukraine PJSC, Continental Steel and Tube Co., Daido Steel Co. Ltd., JFE Holdings Inc., Jindal Steel and Power Ltd., JSW Group, Metline Industries, Nippon Steel Corp., Outokumpu Oyj, POSCO holdings Inc., Rolled Alloys Inc., Sandvik AB, Tata Steel Ltd., thyssenkrupp AG, and Tubacex SA are some of the major market participants -. To know about the vendor offerings – Request a sample report
Duplex Stainless Steel Pipe Market 2025-2029: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The duplex stainless steel pipe market report covers the following areas:
The duplex stainless steel pipe market is fragmented, and the degree of fragmentation will accelerate. The rising industrialization in APAC will offer immense growth opportunities. However, the Volatility in raw material prices will hamper the market growth
Duplex Stainless Steel Pipe Market 2025-2029: Drivers & Challenges
The Duplex Stainless Steel Pipe market is witnessing significant growth due to its extensive usage in various industries. Key drivers include mining and nuclear power plants, where its high strength and corrosion resistance are crucial. In the oil and gas sector, duplex pipes are used for process piping systems, separators, scrubbers, pumps, manifolds, flowlines, pipelines, and desalination plants. The chemical industry relies on duplex pipes for reactors, heat exchangers, pressure vessels, and storage tanks. In infrastructure, it’s used for water heaters, digesters, bleaching reactors, handrails, architectural cladding, roofing, wall support products, reinforcing bars, corner guards, tension systems, and structural applications. Raw materials prices influence market trends, but the versatility and durability of duplex stainless steel ensure its continued demand in tubes, pumps and valves, and various industrial applications.
The Duplex stainless steel pipe market faces several challenges in various industries. Skilled labor shortages hinder the production of high-quality welded pipes, particularly those with thicker walls and larger outer diameters. Raw material availability and price volatility add to the complexity. Duplex stainless steel, with its austenite and ferrite structure, offers superior corrosion resistance, heat resistance, strength, and toughness for chemical process industry, oil and gas, offshore oil fields, desalination, energy, and heavy industries. However, its production requires specific alloys containing chromium, molybdenum, and nickel. Extreme temperatures, freight and transportation costs, and the need for weldability further complicate matters. Duplex stainless steel is used in numerous applications, including chemical processing plants, marine environments, the mining industry, nuclear plants, and construction. Products include tubes, pumps and valves, process piping systems, separators, scrubbers, pumps, manifolds, flowlines, and pipelines. These industries demand high-performance materials to withstand harsh conditions and ensure efficient operations.
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Segment Overview
This duplex stainless steel pipe market report extensively covers market segmentation by
- Application
- Oil And Gas
- Chemical And Petrochemical
- Desalination And Water Treatment
- Paper And Pulp
- Others
- Duplex
- Lean Duplex
- Super Duplex
- APAC
- Europe
- North America
- Middle East And Africa
- South America
1.1 Oil and gas- The oil and gas segment is expected to dominate the global duplex stainless steel pipe market due to the industry’s harsh environmental conditions and the need for high-pressure pipes. The offshore oil industry’s exploration at deeper depths increases the concentration of corrosive agents, necessitating the use of corrosion-resistant alloys like duplex stainless steel. Duplex stainless steel’s benefits, such as resistance to CO2, H2S, and chlorides, high strength, and suitability for high-pressure levels, make it an ideal choice for oil and gas applications. The increasing global oil and gas demand and storage capacity expansion will drive the need for safe handling and operations, further boosting the market’s growth during the forecast period.
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Duplex Stainless Steel Pipe Market 2025-2029: Key Highlights
- CAGR of the market during the forecast period 2025-2029
- Detailed information on factors that will assist duplex stainless steel pipe market growth during the next five years
- Estimation of the duplex stainless steel pipe market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the duplex stainless steel pipe market across APAC, Europe, North America, Middle East and Africa, and South America
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of duplex stainless steel pipe market vendors
Duplex Stainless Steel Pipe Market Scope | |
Report Coverage | Details |
Base year | 2024 |
Historic period | 2017-2021 |
Forecast period | 2025-2029 |
Growth momentum & CAGR | Accelerate at a CAGR of 4.4% |
Market growth 2025-2029 | USD 166.6 million |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 4.2 |
Regional analysis | APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution | APAC at 51% |
Key countries | China, US, Japan, UK, South Korea, India, France, Germany, Italy, and Brazil |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | Acerinox SA, Allegheny Technologies Inc., Aperam SA, ArcelorMittal SA, Carpenter Technology Corp., Centravis Production Ukraine PJSC, Continental Steel and Tube Co., Daido Steel Co. Ltd., JFE Holdings Inc., Jindal Steel and Power Ltd., JSW Group, Metline Industries, Nippon Steel Corp., Outokumpu Oyj, POSCO holdings Inc., Rolled Alloys Inc., Sandvik AB, Tata Steel Ltd., thyssenkrupp AG, and Tubacex SA |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
