Duplex Stainless Steel Pipe Market Analysis APAC, Europe, North America, Middle East and Africa, South America - China, US, Japan, UK, South Korea, India, France, Germany, Italy, Brazil - Size and Forecast 2025-2029

Duplex Stainless Steel Pipe Market Size 2025-2029

The duplex stainless steel pipe market size is forecast to increase by USD 166.6 million at a CAGR of 4.4% between 2024 and 2029.

• The market is experiencing significant growth, driven by the increasing industrialization in Asia-Pacific and the expansion of the construction industry. These sectors are major consumers of duplex stainless steel pipes due to their superior strength, corrosion resistance, and durability. However, the market is not without challenges. The volatility in raw material prices poses a significant risk to market growth, as duplex stainless steel is a capital-intensive product to produce. Producers must carefully manage their supply chains to mitigate these price fluctuations and maintain profitability.
• Additionally, increasing competition from alternative materials and emerging market entrants adds pressure on market participants to innovate and differentiate. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on product innovation, cost management, and strategic partnerships. By staying abreast of industry trends and market dynamics, they can position themselves for long-term success in this dynamic and growing market.

What will be the Size of the Duplex Stainless Steel Pipe Market during the forecast period?

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• Duplex stainless steel, a nickel-manganese alloy, is gaining popularity in various industries due to its superior corrosion resistance and strength. In the desalination industry, this material is extensively used in seawater reverse osmosis systems. The chemical process industry also relies heavily on duplex stainless steel in the production of raw materials, particularly in the manufacture of ferrite-based alloys. The energy industry is another significant consumer of duplex stainless steel, with its high thickness and resistance to pitting and crevice corrosion making it ideal for power generation applications. The oil and gas sector also utilizes this material extensively in offshore oil fields due to its ability to withstand harsh marine environments.
• The chemical processing industry is another major consumer of duplex stainless steel, with its high molybdenum content providing excellent resistance to chloride pitting. In heavy industries, this material is preferred for its high strength-to-weight ratio and resistance to austenitic stainless steel's susceptibility to chloride stress corrosion cracking. The outer diameter and thickness of duplex stainless steel pipes are crucial factors in their selection for various applications. Skilled labor is required for the welding process, which adds to the material's cost but ensures its durability and longevity. The versatility of duplex stainless steel makes it a valuable asset in numerous industries, from chemical process plants to the marine and energy sectors.

How is this Duplex Stainless Steel Pipe Industry segmented?

The duplex stainless steel pipe industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Application
  • Oil and gas
  • Chemical and petrochemical
  • Desalination and water treatment
  • Paper and pulp
  • Others
• Type
  • Duplex
  • Lean duplex
  • Super duplex
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • North America
    • US
  • Middle East and Africa
  • South America
    • Brazil

By Application Insights

The oil and gas segment is estimated to witness significant growth during the forecast period.

In the realm of heavy industries, the demand for duplex stainless steel pipes is on the rise, particularly in the oil and gas sector. The corrosive nature of this industry necessitates the use of materials that can withstand extreme temperatures and high pressures. Offshore oil exploration, which involves drilling in deeper waters and harsher conditions, increases the need for such pipes. The concentration of corrosive agents in these environments is heightened, making it essential to employ the right alloys. Duplex stainless steel, with its combination of austenite and ferrite, offers superior corrosion resistance and weldability.

Beyond oil and gas, duplex stainless steel pipes are also in demand in other industries. In the chemical process industry, these pipes are used in pressure vessels, reactors, and separators due to their heat resistance and strength. They are also integral components in the manufacturing of heat exchangers, desalination plants, and water heaters. The mining industry relies on these pipes for their durability and resistance to wear and tear in heavy-duty applications. The chemical process industry, including the production of nickel and molybdenum, also benefits from duplex stainless steel pipes. These alloys are used in various applications, such as in the manufacture of pumps, valves, manifolds, and scrubbers.

In marine environments, these pipes are used in the construction of ships and offshore platforms due to their corrosion resistance. In the energy industry, they are used in power generation and transmission systems, as well as in the production of steam and hot water. The use of duplex stainless steel pipes extends to various structural applications, such as in the construction of architectural cladding, handrails, and corner guards. They are also used in the transportation industry, including in the manufacture of freight and transportation equipment. In the wastewater treatment sector, these pipes are used in the treatment and transport of seawater and other corrosive liquids.

The increasing focus on sustainability and the growing demand for clean water have led to an increase in the use of duplex stainless steel pipes in desalination plants. These pipes are used in the production of seawater reverse osmosis systems, which are integral to the desalination process. The desalination industry is expected to grow significantly in the coming years, driving the demand for duplex stainless steel pipes. Raw material prices, particularly for nickel and molybdenum, can impact the cost of duplex stainless steel pipes. However, their superior properties and long-term cost savings make them a preferred choice for industries that require high-performance pipes.

The skilled labor required for their manufacture and installation also adds to their cost, but the benefits they offer justify the investment. In , the market is driven by the demand for high-performance pipes in various industries, particularly in the oil and gas sector. The need for corrosion resistance, heat resistance, strength, and weldability makes duplex stainless steel an ideal choice for these applications. The increasing focus on sustainability and the growing demand for clean water are also expected to drive the demand for these pipes in the desalination industry. Despite the cost of raw materials and skilled labor, the long-term benefits of using duplex stainless steel pipes make them a worthwhile investment for heavy industries.

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The Oil and gas segment was valued at USD 247.40 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 51% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is experiencing significant growth in the Asia Pacific (APAC) region due to increasing demand from various end-user industries, particularly in the oil and gas sector. APAC is anticipated to be the largest market for duplex stainless steel pipes, driven by construction, transmission, and distribution sectors. For instance, the "Make in India" campaign aims to install a 700-gigawatt power capacity in India by 2030, leading to increased demand for duplex stainless steel products in the power sector. Additionally, countries such as Indonesia, Myanmar, and Vietnam are investing in grid improvement and expansion programs, further boosting the market growth.

In the oil and gas industry, duplex stainless steel pipes are preferred for their excellent corrosion resistance and strength, making them suitable for offshore oil fields and process piping systems. The chemical process industry also utilizes duplex stainless steel pipes for their heat resistance and weldability, making them ideal for applications in chemical reactors, desalination plants, and pressure vessels. Mining and heavy industries also rely on these pipes for their high tensile strength and resistance to extreme temperatures. Furthermore, the transportation sector uses duplex stainless steel pipes for their toughness and resistance to freight and transportation-related stresses.

Overall, the market is expected to continue its growth trajectory in APAC, driven by the increasing demand from various end-user industries.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Duplex Stainless Steel Pipe Industry?

• Rising industrialization in APAC is the key driver of the market.

• The Asia Pacific (APAC) market for duplex stainless steel pipes is experiencing significant growth due to the region's industrialization and economic expansion. Countries like China, India, and Japan are driving this demand, with their steady economic development boosting industrial growth in recent years. The oil and gas, construction machinery, and paper and pulp manufacturing sectors are the primary consumers of duplex stainless steel pipes in APAC. The oil and gas industry requires these pipes for their corrosion resistance and high strength, making them ideal for transporting oil and gas over long distances. In the construction machinery sector, duplex stainless steel pipes are used in the manufacturing of heavy equipment due to their durability and resistance to wear and tear.
• The paper and pulp industry also relies on these pipes for their ability to withstand high temperatures and pressures during the production process. Overall, the demand for duplex stainless steel pipes in APAC is expected to continue growing due to the increasing industrialization and expanding sectors that require these pipes for their unique properties.

What are the market trends shaping the Duplex Stainless Steel Pipe Industry?

• Growth in construction industry is the upcoming market trend.

• The global construction industry has experienced significant transformation since 2005, with the economic recession of 2008 causing a notable downturn in mature markets, including the US, which is currently recovering. The increasing demand for public infrastructure in emerging economies, such as Brazil, Russia, India, China, South Africa, and the Gulf Cooperation Council countries, is a major driver for market expansion. With China and India, the world's most populous nations, experiencing rapid economic growth, governments have been compelled to invest heavily in infrastructure development to accommodate their expanding populations and promote economic progress.
• This trend is expected to continue, fueling the growth of the market.

What challenges does the Duplex Stainless Steel Pipe Industry face during its growth?

• Volatility in raw material prices is a key challenge affecting the industry growth.

• Duplex stainless steel pipe manufacturers face challenges from volatile raw material prices and weak steel market conditions. These factors have put pressure on profit margins for many producers with long-term raw material supply contracts. To remain competitive, some manufacturers have integrated their upstream operations vertically, allowing them to control raw material costs. Weak steel prices have forced several European mills to shut down operations due to unfavorable market conditions.
• In response, duplex stainless steel pipe manufacturers have increased investments in research and development to differentiate their products and maintain a competitive edge. These strategic moves aim to mitigate the impact of external market forces and ensure long-term sustainability.

Exclusive Customer Landscape

The duplex stainless steel pipe market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the duplex stainless steel pipe market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, duplex stainless steel pipe market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Acerinox SA - Duplex stainless steel pipes, including ACX 930, ACX 940, and ACX 900, are essential solutions for petrochemical industries. These pipes offer superior resistance to corrosion and pitting, ensuring durability and reliability in harsh environments. With their high strength-to-weight ratio and weldability, they optimize operational efficiency and reduce maintenance costs. The petrochemical sector benefits significantly from these advanced materials, enhancing safety and productivity.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 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
• Tubacex SA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Duplex stainless steel, a type of corrosion-resistant alloy, has gained significant traction in various industries due to its unique properties. This alloy, which consists of approximately equal parts of ferrite and austenite, offers enhanced strength, heat resistance, and corrosion resistance compared to traditional stainless steel. The versatility of duplex stainless steel is evident in its applications across numerous sectors. In the construction industry, it is used for pipelines, structural applications, and architectural cladding. Its high strength and corrosion resistance make it an ideal choice for nuclear plants and the chemical process industry, where separators, wall support products, heat exchangers, and reinforcing bars are essential components.

Heat resistance is another crucial factor driving the demand for duplex stainless steel. In heavy industries such as mining and the energy sector, it is employed in process piping systems, pumps, and valves, as well as in pressure vessels and manifolds. The desalination industry, which relies on seawater as a raw material, also heavily utilizes duplex stainless steel due to its excellent corrosion resistance. Duplex stainless steel's high chromium and molybdenum content contributes to its superior corrosion resistance, making it suitable for use in extreme temperatures and harsh environments. These properties make it an excellent choice for offshore oil fields, marine environments, and other applications where the risk of corrosion is high.

The chemical process industry is another significant consumer of duplex stainless steel. It is used extensively in the production of raw materials, such as in bleaching reactors and digesters, where the alloy's resistance to corrosion and high temperatures is essential. The demand for duplex stainless steel is not limited to industrial applications alone. It is also used in various consumer products, such as water heaters and heat exchangers, due to its excellent heat resistance and strength. Furthermore, it is used in freight and transportation, including in the manufacturing of tanks for transporting chemicals and other hazardous materials.

In addition to its industrial applications, duplex stainless steel is also used in various non-industrial sectors. For instance, it is used in the production of handrails, corner guards, and other structural components for glass curtain walls. It is also used in wastewater treatment and transportation equipment, such as in the manufacturing of pipes and tanks for wastewater treatment plants. The price of raw materials, such as nickel and molybdenum, can significantly impact the cost of duplex stainless steel. However, the benefits of using this alloy in various applications often outweigh the additional cost. In , duplex stainless steel's unique properties, including its enhanced strength, heat resistance, and corrosion resistance, make it a popular choice in various industries.

Its applications range from industrial sectors, such as mining, nuclear power, and the chemical process industry, to consumer products and non-industrial sectors, such as transportation and construction. The versatility of duplex stainless steel is a testament to its growing importance in modern industrial applications.

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What are the Key Data Covered in this Duplex Stainless Steel Pipe Market Research and Growth Report?

• CAGR of the Duplex Stainless Steel Pipe industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2025 and 2029
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the duplex stainless steel pipe market growth of industry companies

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