Report Overview

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

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.

  SCOPE         

1.    Research Framework

1.1. Research Objective

1.2. Streaming Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Research

2.2. Quantitative Research

2.3. Market Breakdown & Data Triangulation

2.3.1.   Primary & Secondary Research

2.3.2.   Secondary Research

2.3.3.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Region

2.5. Assumption & Limitation

3.    Executive Summary

4.    Europe Super Duplex Stainless Steel Industry Insights

4.1. DROC Analysis

4.1.1.   Growth Drivers

4.1.2.   Restraints

4.1.3.   Opportunities

4.1.4.   Challenges

4.2. Recent Development

4.3. Porter’s Five Forces Analysis

4.3.1.   Bargaining Power of Suppliers

4.3.2.   Bargaining Power of Buyers

4.3.3.   Threat of New Entrants

4.3.4.   Threat of Substitutes

4.3.5.   Intensity of Rivalry

5.    Europe Super Duplex Stainless Steel Market Overview

5.1. Market Size & Forecast by Value & Volume, 2016-2026

5.1.1.   By Value (USD Million)

5.1.2.   By Volume (In Tons)

5.2. Market Share & Forecast

5.2.1.   By Product Form

5.2.1.1.       Tubes

5.2.1.2.       Pumps & Valves

5.2.1.3.       Fittings & Flanges

5.2.1.4.       Rebar & Mesh

5.2.1.5.       Welding Wires

5.2.1.6.       Others

5.2.2.   By End-Use

5.2.2.1.       Oil & Gas Industry

5.2.2.2.       Desalination Industry

5.2.2.3.       Chemical Industry

5.2.2.4.       Pulp & Paper Industry

5.2.2.5.       Construction Industry

5.2.2.6.       Others

5.2.3.   By Country

5.2.3.1.       Belgium

5.2.3.2.       Denmark

5.2.3.3.       Germany

5.2.3.4.       Ukraine

5.2.3.5.       Greece

5.2.3.6.       Spain

5.2.3.7.       France

5.2.3.8.       Italy

5.2.3.9.       Russia

5.2.3.10.    Poland

5.2.3.11.    Turkey

5.2.3.12.    United Kingdom

6.    Belgium Super Duplex Stainless Steel Market

6.1. Market Size & Forecast by Value & Volume, 2016-2026

6.1.1.   By Value (USD Million)

6.1.2.   By Volume (In Tons)

6.2. Market Share & Forecast

6.2.1.   By End-Use

6.2.2.   By Product Form

7.    Denmark Super Duplex Stainless Steel Market

7.1. Market Size & Forecast by Value & Volume, 2016-2026

7.1.1.   By Value (USD Million)

7.1.2.   By Volume (In Tons)

7.2. Market Share & Forecast

7.2.1.   By End-Use

7.2.2.   By Product Form

8.    Germany Super Duplex Stainless Steel Market

8.1. Market Size & Forecast by Value & Volume, 2016-2026

8.1.1.   By Value (USD Million)

8.1.2.   By Volume (In Tons)

8.2. Market Share & Forecast

8.2.1.   By End-Use

8.2.2.   By Product Form

9.    Ukraine Super Duplex Stainless Steel Market

9.1. Market Size & Forecast by Value & Volume, 2016-2026

9.1.1.   By Value (USD Million)

9.1.2.   By Volume (In Tons)

9.2. Market Share & Forecast

9.2.1.   By End-Use

9.2.2.   By Product Form

10. Italy Super Duplex Stainless Steel Market

10.1. Market Size & Forecast by Value & Volume, 2016-2026

10.1.1. By Value (USD Million)

10.1.2. By Volume (In Tons)

10.2.  Market Share & Forecast

10.2.1. By End-Use

10.2.2. By Product Form

11. Spain Super Duplex Stainless Steel Market

11.1.  Market Size & Forecast by Value & Volume, 2016-2026

11.1.1. By Value (USD Million)

11.1.2. By Volume (In Tons)

11.2.  Market Share & Forecast

11.2.1. By End-Use

11.2.2. By Product Form

12. Greece Super Duplex Stainless Steel Market

12.1. Market Size & Forecast by Value & Volume, 2016-2026

12.1.1. By Value (USD Million)

12.1.2. By Volume (In Tons)

12.2.  Market Share & Forecast

12.2.1. By End-Use

12.2.2. By Product Form

13. France Super Duplex Stainless Steel Market

13.1. Market Size & Forecast by Value & Volume, 2016-2026

13.1.1. By Value (USD Million)

13.1.2. By Volume (In Tons)

13.2.             Market Share & Forecast

13.2.1. By End-Use

13.2.2. By Product Form

14. Russia Super Duplex Stainless Steel Market

14.1.  Market Size & Forecast by Value & Volume, 2016-2026

14.1.1. By Value (USD Million)

14.1.2. By Volume (In Tons)

14.2.  Market Share & Forecast

14.2.1. By End-Use

14.2.2. By Product Form

15. Poland Super Duplex Stainless Steel Market

15.1.  Market Size & Forecast by Value & Volume, 2016-2026

15.1.1. By Value (USD Million)

15.1.2. By Volume (In Tons)

15.2.  Market Share & Forecast

15.2.1. By End-Use

15.2.2. By Product Form

16. Turkey Super Duplex Stainless Steel Market

16.1. Market Size & Forecast by Value & Volume, 2016-2026

16.1.1. By Value (USD Million)

16.1.2. By Volume (In Tons)

16.2.  Market Share & Forecast

16.2.1. By End-Use

16.2.2. By Product Form

17. United Kingdom Super Duplex Stainless Steel Market

17.1. Market Size & Forecast by Value & Volume, 2016-2026

17.1.1. By Value (USD Million)

17.1.2. By Volume (In Tons)

17.2.             Market Share & Forecast

17.2.1. By End-Use

17.2.2. By Product Form

18. Rest of Europe Super Duplex Stainless Steel Market

18.1.  Market Size & Forecast by Value & Volume, 2016-2026

18.1.1. By Value (USD Million)

18.1.2. By Volume (In Tons)

18.2. Market Share & Forecast

18.2.1. By End-Use

18.2.2. By Product Form

19. Competitive Landscape

20. Impact of Covid-19 across Europe Super Duplex Stainless Steel Industry

21. Company Profile (Company Overview, Financial Matrix, Key Streaming landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

21.1.           Outokumpu Steel Company

21.2.           Acerinox S.A

21.3.           Andus Group

21.4.           Core Alloys

21.5.           Vulkan Inox GmbH

21.6.           Voestalpine Edelstahl GmbH

21.7.           ThyssenKrupp AG

21.8.           Sandvik

21.9.           Handtke Wiros

21.10.        König & Co. GmbH

21.11.        Nichelcrom

21.12.        SAVINOX

21.13.        FAI-FTC 

21.14.        Tec-Sim s.r.l

21.15.        W.Oberste-beulmann GmbH

* Financial details in case of unlisted companies will be available as per data availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable