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Duplex Stainless Steel Market worth 3.40 Billion USD by 2021

Duplex Stainless Steel Market by Grade (Duplex, Lean Duplex, Super Duplex), Product Form (Tubes, Pumps & Valves, Fittings & Flanges, Welding Wires), End-Use Industry (Oil & Gas, Desalination, Chemical, Pulp & Paper), Region - Global Forecast to 2021<br>https://www.marketsandmarkets.com/Market-Reports/duplex-stainless-steel-market-32316483.html<br>

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Duplex Stainless Steel Market worth 3.40 Billion USD by 2021

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  1. Duplex Stainless Steel Market by Grade (Duplex, Lean Duplex, Super Duplex), Product Form (Tubes, Pumps & Valves, Fittings & Flanges, Welding Wires), End-Use Industry (Oil & Gas, Desalination, Chemical, Pulp & Paper), Region - Global Forecast to 2021 Speak To Analyst

  2. The duplex stainless steel market was valued at USD 2.70 billion in 2016 and is projected to reach USD 3.40 billion by 2021, at a CAGR of 4.7% between 2016 and 2021. Increase in building & construction activities and growth in the oil & gas exploration activities are expected to fuel the demand for duplex stainless steel, globally. Duplex stainless steel is used in chemical process industry, oil & gas exploration equipment, transportation equipment, and pulp & paper industry and is widely used in mining and nuclear plants also. Duplex stainless steel is used in these industries in the grades namely lean, duplex, and super and forms such as tubes, and pumps & valves. In this study, 2015 has been considered the base year and 2016-2021 as the forecast period to estimate the duplex stainless steel market size.

  3. Market Dynamics • Drivers • Growth of end-use industries in emerging countries • Restraints • Rising cost of raw materials used to manufacture duplex stainless steel • Opportunities • Increase in offshore spending and potential of new oil field discovery • Challenges • Small scale of production compared to overall stainless steel REQUEST BUNDLE REPORTS

  4. Some of the prominent end-use industries of duplex stainless steel include oil & gas, construction, chemical process, and wastewater treatment. Owing to high corrosion resistance properties, duplex stainless steel is widely used in hostile environments such as sea water and chemical reactions. The offshore oil & gas activities, to a significant extent, depend on duplex stainless steel equipment to operate under severe conditions. With rising oil & gas exploration activities and an increase in deepwater exploration activities, the demand for duplex stainless steel is also rising in the oil & gas industry.

  5. On the basis of Region: • North America • Europe • Asia-Pacific • Middle East & Africa • South America Download PDF Brochure

  6. Key Target Audience • Duplex Stainless Steel Manufacturers • Duplex Stainless Steel Traders, Distributors, and Suppliers • End-use Industries • Government and Research Organizations • Associations and Industrial Bodies • Research and Consulting Firms • R&D Institutions • Environment Support Agencies • Investment Banks and Private Equity Firms GET 10% FREE CUSTOMIZATION ON THIS REPORT !!!

  7. Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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