11:55 AM Duplex Stainless Steel Market Size to Grow at a CAGR of 5.2% |
| Duplex Stainless Steel Market is expected to grow at a CAGR of 5.2% during the next five years, according to a newly added report by Stratview Research. The increasing demand for duplex stainless steel from various end-use industries and its extensive use in oil & gas exploration activities is driving the market globally.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period.
Request a sample of the report here As per the report, among different grade types, The super duplex segment is estimated to register the highest growth in the coming five years. Owing to its properties such as ability to manage corrosive and high-pressure situations, it is extensively used in oil & gas exploration activities, which in turn, drives the growth of this segment. Based on the end-use industry type, the market is segmented as oil & gas, desalination, chemical, pulp & paper, construction, and others. The oil & gas segment dominated the market in 2018. The growth is attributed to the increasing oil & gas exploration activities and the use of duplex stainless steel in various end-use industries. View the Table of Contents here Asia-Pacific was the largest market for duplex stainless steel in 2018. Asia-Pacific is also expected to lead its dominance in the coming five years. China and India are the growth engines of the region. The market is sustained by the increasing use of duplex stainless steel in various end-use industries. North America and Europe are also expected to offer considerable growth opportunities during the forecast period. Read the Full Report Description here The report further mentions about the key manufacturing players 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, and Indal Steel & Power Ltd who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Duplex Stainless Steel Market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly. Salient Features of the Report The report on Duplex Stainless Steel Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
About Stratview Research: Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it. For inquiries, Contact: Ritesh Gandecha Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176 |
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