Report Feature
Duplex Pipe Trends and Forecast
The future of the global duplex pipe market looks promising with opportunities in the environmental preservation, construction, and medical markets. The global duplex pipe market is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing adoption of these pipes in chemical processing plants, growing demand for this product from oil & gas industry, and expansion in construction & infrastructure projects.• Lucintel forecasts that hot finished duplex pipe is expected to witness the higher growth over the forecast period.
• Within this market, environmental preservation is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Companies like Nippon Steel & Sumitomo Metal Corporation and Outokumpu Oyj announced initiatives to expand their production capacities for duplex pipes, targeting a 15% increase in market share by 2025. India: Jindal Stainless Steelway Limited and Tata Steel Limited launched initiatives to promote duplex pipes for use in petrochemical and oil refineries, with targets to achieve a combined annual production capacity of 500,000 tons by 2025. China: Baosteel Group Corporation and Taiyuan Iron & Steel Group Co., Ltd. revealed plans to introduce innovative duplex pipe grades suitable for marine and offshore applications, aiming to capture a 20% share of the global duplex pipe market by 2023. Europe: Thyssenkrupp AG and ArcelorMittal S.A. announced joint ventures to develop advanced duplex pipe solutions for renewable energy projects, targeting a 25% increase in sales to the European market by 2024. A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Duplex Pipe by Segment
The study includes a forecast for the global duplex pipe by type, application, and region.Duplex Pipe Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Hot Finished Duplex Pipe
• Cold Finished Duplex Pipe
Duplex Pipe Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Environmental Preservation
• Construction
• Medical
• Others
Duplex Pipe Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Duplex Pipe Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies duplex pipe companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the duplex pipe companies profiled in this report include-• BRISMET
• TITAN Metal Fabricators
• Steel Emporium
• Multi Metals
• Metline Industries
• Ganpat Industrial Corporation
• Shanghai Metal Corporation
• Aesteiron Steels
• Osaka Steel Tube
• Oshwin Overseas
Recent Development in the Duplex Pipe Market
Nippon Steel & Sumitomo Metal Corporation: Expanded production capacity for duplex pipes to meet growing demand from the oil and gas sector, focusing on enhancing corrosion resistance and durability. Outokumpu Oyj: Introduced a new range of duplex pipes with improved weldability and strength properties, targeting applications in chemical processing plants and offshore installations. Baosteel Group Corporation: Launched a series of duplex pipe grades specifically designed for marine and offshore use, emphasizing high-performance characteristics for harsh environments. Taiyuan Iron & Steel Group Co., Ltd.: Implemented advanced manufacturing technologies to produce duplex pipes with precise dimensional tolerances and surface finishes, catering to demanding engineering requirements. Jindal Stainless Steelway Limited: Collaborated with engineering firms to develop customized duplex pipe solutions for petrochemical industries, focusing on cost-effective and reliable piping systems.Features of the Global Duplex Pipe Market
Market Size Estimates: Duplex pipe market size estimation in terms of value ($B). Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions. Segmentation Analysis: Duplex pipe market size by type, application, and region in terms of value ($B). Regional Analysis: Duplex pipe market breakdown by North America, Europe, Asia Pacific, and Rest of the World. Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the duplex pipe market. Strategic Analysis: This includes M&A, new product development, and competitive landscape of the duplex pipe market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.FAQ
Q1. What is the growth forecast for duplex pipe market? Answer: The global duplex pipe market is expected to grow with a CAGR of 4.3% from 2024 to 2030. Q2. What are the major drivers influencing the growth of the duplex pipe market? Answer: The major drivers for this market are increasing adoption of these pipes in chemical processing plants, growing demand for this product from oil & gas industry, and expansion in construction & infrastructure projects. Q3. What are the major segments for duplex pipe market? Answer: The future of the duplex pipe market looks promising with opportunities in the environmental preservation, construction, and medical markets. Q4. Who are the key duplex pipe market companies? Answer: Some of the key duplex pipe companies are as follows:• BRISMET
• TITAN Metal Fabricators
• Steel Emporium
• Multi Metals
• Metline Industries
• Ganpat Industrial Corporation
• Shanghai Metal Corporation
• Aesteiron Steels
• Osaka Steel Tube
• Oshwin Overseas Q5. Which duplex pipe market segment will be the largest in future? Answer: Lucintel forecasts that hot finished duplex pipe is expected to witness the higher growth over the forecast period. Q6. In duplex pipe market, which region is expected to be the largest in next 5 years? Answer: APAC is expected to witness highest growth over the forecast period. Q7. Do we receive customization in this report? Answer: Yes, Lucintel provides 10% customization without any additional cost.
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Buy Now
Choose a license that fits your team. Instant PDF delivery.
Prices exclude taxes. Instant delivery. Custom licensing available on request.
Key Questions
- • What are some of the most promising, high-growth opportunities for the duplex pipe market by type (hot finished duplex pipe and cold finished duplex pipe), application (environmental preservation, construction, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to Duplex Pipe Market, Duplex Pipe Market Size, Duplex Pipe Market Growth, Duplex Pipe Market Analysis, Duplex Pipe Market Report, Duplex Pipe Market Share, Duplex Pipe Market Trends, Duplex Pipe Market Forecast, Duplex Pipe Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
