Latest News- Duplex Stainless Steel Pipe Market: Oil and gas is expected to lead the Application segment during 2025-2029

The Duplex Stainless Steel Pipe Market is being driven by Rising industrialization in APAC

The Duplex Stainless Steel Pipe Market is expected to grow at a CAGR of 4.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 166.6 million. The global construction industry has experienced significant transformation since 2005, with maturing markets such as the US undergoing a downturn following the economic recession in 2008. However, emerging economies like Brazil, Russia, India, China, South Africa, and the Gulf Cooperation Council countries are driving market growth due to increasing infrastructure demands. With rapidly growing populations and economic expansion, these nations have prioritized substantial investments in infrastructure development. China and India, as the world's most populous countries, are leading the charge in this regard. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• 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
    • Germany
    • UK
    • France
    • Italy
  • North America
    • US
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising industrialization in APAC
• Increasing application of duplex stainless steel products in oil and gas industry
• Corrosion resistance and excellent mechanical properties

However, the market also witnesses some limitations, which are as follows:

• Volatility in raw material prices
• Excess steel production capacity imbalances the price
• Global supply chain disruptions

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Market Scope in Duplex Stainless Steel Pipe Market Research Report

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Research Analysis Overview

Duplex stainless steel pipes are widely used in heavy industries, including the chemical process industry and oil & gas sectors. The market for these pipes is driven by the demand for skilled labor in their fabrication, particularly in welding. The raw materials, which contain significant amounts of austenite and ferrite, include chromium, molybdenum, and nickel. These pipes come in various thicknesses and outer diameters, making them suitable for use in offshore oil fields, marine environments, chemical processing plants, desalination industry, and the energy sector. The high corrosion resistance of duplex stainless steel makes it an ideal choice for such applications.

Market Research Overview

The Duplex Stainless Steel Pipe market encompasses businesses producing pipes made from this alloy, specifically those with skilled labor forces, welded constructions, varying thicknesses, and outer diameters. This market's expansion is primarily driven by the chemical process industry, oil and gas sectors, and offshore oil fields. The austenitic structure of duplex stainless steel ensures superior resistance to corrosion and high temperatures, making it an indispensable component in these industries. Technavio's market analysis projects growth for the Duplex Stainless Steel Pipe market, fueled by the expanding construction sector in both developed and developing economies, necessitating infrastructure development for residential, commercial, and public healthcare facilities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/