Europe Super Duplex Stainless Market, By Product (Tubes, Pumps & Valves, Fittings & Flanges, Rebar & Mesh, Welding Wires and Others), By End-Use (Oil & Gas Industry, Desalination Industry, Chemical Industry, Pulp & Paper Industry, Construction Industry, and Others), By Country (Belgium, Denmark, Germany, Ukraine, Greece, Spain, France, Italy, Russia, Poland, Turkey, and United Kingdom); Trend Analysis, Competitive Market Share & Forecast, 2016-2026.

Upcoming:
September 2020
Report Code:
bwc20154
Available Format:
PDF PDF Icon
Pages:
180

europe super duplex stainless market size industry trends forecast report bwc20154

Europe Super Duplex Stainless Market size- Industry Trends & Forecast Report 2026

 

Europe Super Duplex Stainless Market has gained momentum in recent years with a CAGR of 7.3%, in value terms, over the forecast period 2020-2026, and expected to reach USD 672.05 Million by 2026. The rise in offshore spending and the growing steel industry are the key factors fueling the growth of the duplex stainless-steel market in Europe. Also, increasing raw material usage in the production of stainless-steel leads to the growth of the market. Meanwhile, increasing demand for duplex stainless steel from various end-use industries, mainly from the oil and gas industry is anticipated to poises the growth of the duplex stainless-steel market during the forecasting period.

 

Europe Super Duplex Stainless Market Overview:

 

Duplex Stainless Steel is a microstructure which is composed of ferritic & austenitic stainless steel and is majorly utilized in corrosive resistance applications. Additionally, Duplex Stainless Steel finds its usage in oil and gas, chemical, pulp & paper industries, etc. Meanwhile, large construction projects such as wind turbines, bridges, and storage tanks need to last long without any effect of corrosion. So, most of the companies prefer Duplex Stainless Steel in major construction projects for better quality. Corrosion can reduce strength & minimize surface properties along with the resistance to fluids. Overall, it decreases the chemical and mechanical properties of certain materials.

 

Europe Super Duplex Stainless Market Forecast and Trends

 

Growth drivers 

 

Growing Demand for Duplex Stainless Steel in Chemical and Construction Industries

The rising level of construction activities and along with other industrial operations would likely have a high usage of duplex stainless steel in the market, which would drive its growth significantly over some time. For Instance, the use of super duplex stainless steel in the construction industry is mainly known for its excellent corrosion resistance properties along with formability. Furthermore, it is used for a wide range of aesthetic, practical, and structural applications. There is good compatibility of welds with super duplex stainless steel used in all the outsides reinforcements. 

 

 

 

High Strength and Thermal Conductivity of Duplex Stainless Steel

Super Duplex stainless steels are considered twice as strong as regular austenitic and ferritic stainless steels. Its mixed microstructure makes them central duplex and even consists of equal proportions of ferrite and austenite. Super Duplex stainless steels are known to be a family of grades and have high thermal conductivity and possess a thermal expansion very close to that of carbon steel. This advantage makes super duplex stainless steel a preferable choice over austenitic stainless steel.

 

Restraints

 

Rising Cost of Raw Materials Required for Manufacturing Super Duplex Stainless Steel

The selection process of raw material used in the manufacturing of Super duplex stainless consists of various considerations such as the cost, availability, and performance of the material. Thus, the optimization of creating a balance between accounting (cost), procurement (Availability), and engineering (performance) would become the major concern and problem for the manufacturers. Thus, the prices of raw materials along with their availability in the developing regions may hamper their demand in the market.

 

Impact of COVID-19 in industry

 

The COVID-19 pandemic leading to the disruption in industrial production, which has directly impacted the production and manufacturing of duplex stainless steel. These industries, being classified as "non-essential," may not be the top priority amid the ongoing pandemic. However, all the productions in continuous manufacturing remain shut for over a long period. For instance, the construction and paper industry, a significant consumer of super duplex stainless steel, may already be slowing down production in numerous plants. The construction sites being locked down majorly, contributing to the reduction in demand for steel products such as pipes, vessels, tanks, and others.

 

Europe Super Duplex Stainless Market: By Product Form

 

The product form segment of the Europe Super duplex stainless steel market is broadly segmented into Tubes, Pumps &valves, fittings & flanges, Rebar & mesh, welding wires, and others, wherein XX category held the largest share of XX% in 2019. The pump & valves in the product form segment are likely to dominate in the European super duplex stainless steel market. As pumps & valves are used largely in the construction and chemical industry and the requirement for high conductivity, good resistance to corrosion and erosion, and need for high pressure makes the super duplex stainless steel preferable choice in the market. 




Europe Super Duplex Stainless Market: By End User Industry.

 

The Europe super duplex stainless steel market by end-use segment is subdivided into the oil & gas industry, desalination industry, tubes, pumps & valves, fitting & flanges, Rebar & mesh, Welding wires, and others. The oil & gas industry is likely to dominate in the End Use segment of Europe super duplex stainless steel market. The oil & gas segment growth is attributed to the rising oil & gas exploration activities in Europe and the requirements of duplex stainless steel in various end-use industries owing to its properties. Additionally, the progression of the technology for the oil & gas exploration industry focusing mainly on the corrosive and cracking resistant duplex grades products, and thus the growth is rising. 

 

Europe Super Duplex Stainless Market: Regional insights

 

Germany is likely to boom in the European Super duplex stainless steel market. The large industrial operations in the country leading to the high demand for super duplex stainless steel in the market. The construction market and the oil industry are booming in the European countries, thus will be benefiting the market growth.

 

Competitive landscape

 

Companies such as Outokumpu Steel Company, Acerinox S.A., Andus Group, Core Alloys, Vulkan Inox GmbH, Voestalpine Edelstahl GmbH, Sandvik, Handtke Wiros, König & Co. GmbH, Nichelcrom, SAVINOX, FAI-FTC, Tec-Sim S.r.l & W.Oberste-beulmann GmbH are the key players in manufacturing of Super Duplex Stainless. 

 

In July 2020: SAIL has emerged among the new steelmakers to develop the new grade SS 32205 grade of the super duplex steel. The studies state that this Super Duplex Stainless Steel has superior corrosion resistance with higher strength and formability.

 

Scope of the Report

Attribute

Details

Years Considered

Historical data – 2016-2019

Base Year – 2019

Forecast – 2020 – 2026

Facts Covered

Revenue in USD Million

Market Coverage

Belgium, Denmark, Germany, Ukraine, Greece, Spain, France, Italy, Russia, Poland, Turkey and United Kingdom

Product/Service Segmentation

By Product form, By End User Industry

Key Players

Outokumpu Steel Company, Acerinox S.A , Andus Group, Core Alloys, Vulkan Inox GmbH, Voestalpine Edelstahl GmbH , Sandvik, Handtke Wiros , König & Co. GmbH, Nichelcrom, SAVINOX, FAI-FTC, Tec-Sim S.r.l & W.Oberste-beulmann GmbH



Scope of the Report

By Product Form

Ø  Tubes

Ø  Pumps & Valves

Ø  Fittings & Flanges

Ø  Rebar & Mesh

Ø  Welding Wires

Ø  Others


By End User Industry

Ø  Oil & Gas Industry

Ø  Desalination Industry

Ø  Chemical Industry

Ø  Pulp & Paper Industry

Ø  Construction Industry

Ø  Others



By Country:

Ø  Belgium

Ø  Denmark

Ø  Germany

Ø  Ukraine

Ø  Greece

Ø  Spain

Ø  France

Ø  Italy

Ø  Russia

Ø  Poland

Ø  Turkey

Ø  United Kingdom

The objective of the Study:

Ø  To analyze and forecast the Europe Super Duplex Stainless market size of the market, in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Europe Super Duplex Stainless market into various countries, namely Belgium, Denmark, Germany, Ukraine, Greece, Spain, France, Italy, Russia, Poland, Turkey and United Kingdom countries.

Ø  To outline, categorized and forecast the Europe Super Duplex Stainless market based on the Product form & End User Industry.

Ø  To examine competitive developments like technological advancement, services, and regulative framework within the Europe Super Duplex Stainless Market.

Ø  To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

COVID-19

We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at

Contact Now

WHY CHOOSE US

  • 24/7 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Coustom Research Service

    Ask the Analyst to customize an exclusive study to serve your research needs.

  • Quality & Accuracy

    offers best quality reports based on various authentic and accurate data findings.

  • Data Visualization

    As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization

  • Information security

    We never share your personal and confidential information. Your personal information is safe and secure with us.