openPR Logo
Press release

Duplex Stainless Steel Market worth 3.40 Billion USD by 2021 | Key Players include Outokumpu Oyj, Tata Steel, Jindal Steel, ArcelorMittal S.A., POSCO Group, Acerinox S.A., Sandvik Materials Technology AB, Allegheny Technologies Incorporated, Daido Steel C

12-07-2018 09:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets.com

Duplex Stainless Steel Market, Duplex Stainless Steel

Duplex Stainless Steel Market, Duplex Stainless Steel

According to recent research "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", published by MarketsandMarkets™, The duplex stainless steel market is projected to grow from USD 2.70 Billion in 2016 to USD 3.40 Billion by 2021, at a CAGR of 4.7% from 2016 to 2021.

Browse 126 market data tables and 60 figures spread through 185 pages and in-depth TOC on "Duplex Stainless Steel Market - Global Forecast to 2021"
https://www.marketsandmarkets.com/Market-Reports/duplex-stainless-steel-market-32316483.html

Early buyers will receive 10% customization on this report.

The duplex stainless steel market is projected to reach USD 3.40 billion by 2021, at a CAGR of 4.7% between 2016 and 2021. Growing demand for duplex stainless steel from various industries, including oil & gas, chemical, pulp & paper, construction, and energy, is driving the growth of the duplex stainless steel market globally.

The growing demand for duplex stainless steel from end-use industries has led to significant developments in the duplex stainless steel market. Duplex stainless steel is largely used in oil & gas, chemical, and desalination industries to manufacture tubes, pipes, heat exchangers, wire, and pumps & valves, among others, owing to its cost effectivity and properties such as high corrosion resistance, high strength, low weight, and so on.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32316483

Key players in the duplex stainless steel include Outokumpu Oyj (Finland), Tata Steel (India), Jindal Steel (India), ArcelorMittal S.A. (Luxembourg), POSCO Group (South Korea), Acerinox S.A. (Spain), Sandvik Materials Technology AB (Sweden), Allegheny Technologies Incorporated (U.S.), Daido Steel Co., Ltd. (Japan), Nippon Yakin Kogyo Co Ltd. (Japan), AK Steel Holding Corporation (U.S.), Carpenter Technology Corporation (U.S.), ThyssenKrupp AG (Germany), and Voestalpine AG (Austria), among others. Some of these companies are involved in the production of duplex stainless steel grades, while others are engaged in the manufacturing of products such as tubes, vessels, wires, and so on for end users.

Substantial investments have been made towards expansions, agreements, and mergers in the past few years by key companies such as Outokumpu Oyj (Finland), ArcelorMittal S.A. (Luxembourg), POSCO Group (South Korea), Acerinox S.A. (Spain), Jindal Steel (India), Nippon Yakin Kogyo Co Ltd. (Japan) and so on. Among these, Outokumpu Oyj and ArcelorMittal S.A. have adopted the majority strategies to grow in the duplex stainless steel market. Both companies have been mostly focusing on agreements and are expanding their business in newer geographies.

Request FREE Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=32316483

Outokumpu Oyj has been focusing on agreements and mergers & acquisitions as a part of its growth strategy for the duplex stainless steel market. In April 2016, Outokumpu made an agreement with Böllinghaus Steel (Germany), according to which Böllinghaus will distribute the cold drawn and hot rolled bars of Outokumpu in hexagons, squares, and flats forms in Europe, APAC, and Latin America. The agreement with Böllinghaus Steel will help Outokumpu grow its business and serve the customers and applications enabled by the Böllinghaus Steel extensive customer relationship. The company is also focusing on mergers & acquisitions. In January 2012, Outokumpu and ThyssenKrupp merged their stainless steel business to offer extensive products range to their customers. This will help both companies attain a greater share in the stainless steel market by using their expertise and wide customer base.

In October 2016, ArcelorMittal S.A. (Luxembourg) signed an agreement with Votorantim S.A. (Brazil), under which Votorantim Siderurgia will work as a subsidiary of ArcelorMittal Brasil S.A. The agreement will help ArcelorMittal to increase its crude steel capacity to 5.6 million tonnes and annual rolling capacity to 5.4 million tonnes. These strategies will help the companies expand their market reach to new geographic locations and also increase their shares in the duplex stainless steel market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

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

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Duplex Stainless Steel Market worth 3.40 Billion USD by 2021 | Key Players include Outokumpu Oyj, Tata Steel, Jindal Steel, ArcelorMittal S.A., POSCO Group, Acerinox S.A., Sandvik Materials Technology AB, Allegheny Technologies Incorporated, Daido Steel C here

News-ID: 1424472 • Views:

More Releases from MarketsandMarkets.com

Medical Robots Market Worth $33.8 billion | MarketsandMarkets™
Medical Robots Market Worth $33.8 billion | MarketsandMarkets™
Medical Robots Market in terms of revenue was estimated to be worth $16.0 billion in 2024 and is poised to reach $33.8 billion by 2029, growing at a CAGR of 16.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth in the medical robots market is driven by the aging population and rising chronic diseases, improving reimbursement scenario, and subsequent advancements in healthcare funding & infrastructure.
Concrete Surface Retarders Market worth $89.4 million by 2023 : Major Players are Sika (Switzerland), BASF (Germany), MAPEI (Italy), GCP Applied Technologies (US), CEMEX (Mexico), W. R. Meadows (US)
Concrete Surface Retarders Market worth $89.4 million by 2023 : Major Players ar …
The report "Concrete Surface Retarders Market by Raw Material (Organic Agents and Inorganic Agents), Type (Water-based and Solvent-based), Application (Residential and Commercial), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2023", The concrete surface retarders market is projected to grow from USD 72.7 million in 2018 to USD 89.4 million by 2023, at a CAGR of 4.2% between 2018 and 2023. Increase in urban population, demand for
Precast Concrete Market worth $174.1 billion by 2025 | Major Players are Lafarge …
The report "Precast Concrete Market by Element (Columns & Beams, Floors & Roofs, Girders, Walls & Barriers, Utility Vaults, Pipes, Paving Slabs), Construction Type, End-use Sector (Residential, Non-residential) - Global Forecast to 2025" The global precast concrete market size is projected to grow from USD 130.6 billion in 2020 to USD 174.1 billion by 2025, at a CAGR of 5.9% from 2020 to 2025. The market is projected to grow
Fire Stopping Materials Market worth $2.4 billion by 2026 : Major Players are Hi …
The report "Fire Stopping Materials Market by Type (Sealants, Mortar, Boards, Putty &Putty Pads, Cast-in Devices), by Application (Electrical, Mechanical, Plumbing), End-Use (Commercial, Industrial & Residential), and Region - Global Forecast to 2026" MarketsandMarkets: The fire stopping materials market is projected to reach USD 2.4 billion by 2026, at a CAGR of 11.6% from USD 1.4 billion in 2021. Fire stopping is a fire protection system for sealings of any

All 5 Releases


More Releases for Steel

Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee …
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Steel Beams Market are: ArcelorMittal (Luxembourg), Nippon Steel (Japan),
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel …
Market Description - Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in