NEW YORK , Nov. 22, 2021 /PRNewswire/ -- The duplex stainless steel pipe market is set to grow by USD 78.07 million from 2020 to 2025, progressing at a CAGR of 3.29%, according to Technvaio Research Reports. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Based on segmentation by application, which is the leading segment in the market?
The oil and gas segment is expected to be the leading segment based on application in the global market during the forecast period.
What are the major trends in the market?
Increasing application of duplex stainless steel products in oil and gas industry is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of 3.29%, the incremental growth of the market is anticipated to be USD 78.07 million .
Who are the top players in the market?
ArcelorMittal SA, Carpenter Technology Corp., H. Butting GmbH & Co. KG, JFE Holdings Inc., Metline Industries, Outokumpu Oyj, POSCO Group, Sandvik AB, thyssenkrupp AG, and TUBACEX SA are some of the major market participants.
What are the key market drivers and challenges?
Rising industrialization in APAC is one of the major factors driving the market. However, the volatility in raw material prices restraints the market growth.
How big is the APAC market?
The APAC region will contribute 46% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ArcelorMittal SA, Carpenter Technology Corp., H. Butting GmbH & Co. KG, JFE Holdings Inc., Metline Industries, Outokumpu Oyj, POSCO Group, Sandvik AB, thyssenkrupp AG, and TUBACEX SA are some of the major market participants. The rising industrialization in APAC will offer immense growth opportunities.
In a bid to help players strengthen their market foothold, this duplex stainless steel pipe market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Duplex Stainless Steel Pipe Market 2021-2025: Segmentation
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Duplex Stainless Steel Pipe Market: Geographical Landscape
APAC will register the highest growth rate of 46% among the other regions. Therefore, the duplex stainless steel pipe market in APAC is expected to garner significant business opportunities for the vendors during the forecast period. Factors such as the massive investments in construction industries, especially in developing countries such as China and India , are accelerating the duplex stainless steel pipe market growth in APAC. The duplex stainless steel pipe market share growth in APAC will be faster than the growth of the market in other regions.
Duplex Stainless Steel Pipe Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The duplex stainless steel pipe market report covers the following areas:
Duplex Stainless Steel Pipe Market Size
Duplex Stainless Steel Pipe Market Trends
Duplex Stainless Steel Pipe Market Analysis
This study identifies increasing application of duplex stainless steel products in oil and gas industry as one of the key trends of the market.
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Duplex Stainless Steel Pipe Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist duplex stainless steel pipe market growth during the next five years
Estimation of the duplex stainless steel pipe market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the duplex stainless steel pipe market across APAC, Europe , North America , MEA, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of duplex stainless steel pipe market vendors
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Duplex Stainless Steel Pipe Market Scope
Accelerate at a CAGR of 3.29%
APAC, Europe, North America, MEA, and South America
China, US, Japan, UK, and India
Leading companies, competitive strategies, consumer engagement scope
ArcelorMittal SA, Carpenter Technology Corp., H. Butting GmbH & Co. KG, JFE Holdings Inc., Metline Industries, Outokumpu Oyj, POSCO Group, Sandvik AB, thyssenkrupp AG, and TUBACEX SA
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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