PUBLISHER: Grand View Research | PRODUCT CODE: 1530168
PUBLISHER: Grand View Research | PRODUCT CODE: 1530168
Duplex Stainless Steel Pipe Market Trends
The global duplex stainless steel pipe market size was estimated at USD 566.8 million in 2023 and is estimated to grow at a CAGR of 4.6% from 2024 to 2030. Rising industrial construction activities specifically in the oil & gas industry are expected to benefit the market demand for duplex stainless steel pipes. For instance, in May 2024, Abu Dhabi National Oil Company (ADNOC), a subsidiary of ADNOC Gas, announced that it is aiming to more than double its LNG production capacity by 2028 with the commencement of operations of its Ruwais LNG Plant that is currently under construction.
Increasing oil exploration activities in the offshore oil industry are expected to benefit the demand for duplex stainless steel pipes. These activities often have harsh conditions such as high pressure and high temperature. Additionally, it has been observed that there is an increase in the life expectancy of subterranean walls and the rise of corrosive agents in these walls. In such conditions, duplex stainless steel materials exhibit excellent performance.
Global Duplex Stainless Steel Pipe Market Report Segmentation
This report forecasts revenue and volume growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global duplex stainless steel pipe market report based on the end use, and region.
U.S.
Canada
Mexico
Germany
UK
Russia
China
India
Japan
South Korea
Brazil
GCC
South Africa