United States High Alloy Duplex Stainless Steel Market Assessment, By Composition [Chromium, Nickel, Copper, Tungsten, Molybdenum and Others], By End-use Industry [Offshore & Near-shore Application (Oil Drilling, Desalination, Water Treatment and Others), Equipment (Pollution Control Equipment, Engineering Equipment and Fermentation Equipment), Processing Industry (Food Processing, Chemical Processing, Hot Water & Brewing Tanks), Pulp and Paper Industry, Construction, Transportation and Others], By Region, Opportunities, and Forecast, 2016-2030F

United States high alloy Duplex Stainless Steel market size was valued at USD 100.9 million in 2022, which is expected to grow to USD 218.02 million in 2030 with a CAGR of 10.1% during the forecast period between 2023 and 2030.

Home>Industry Reports>United States High Alloy Duplex Stainless Steel Market Assessment, Opportunities and Forecast, 2016-2030F

United States high alloy Duplex Stainless Steel market size was valued at USD 100.9 million in 2022, which is expected to grow to USD 218.02 million in 2030 with a CAGR of 10.1% during the forecast period between 2023 and 2030. The material's exceptional corrosion resistance is one of the main factors, making it perfect for applications in harsh environments like offshore oil and gas platforms, chemical processing facilities, and marine settings. Given its suitability for various crucial components in offshore installations, expanding offshore oil and gas exploration and production activities significantly drives high alloy duplex stainless steel demand. Similarly, the chemical processing sector needs materials that can withstand harsh chemical environments. Due to its corrosion and crevice corrosion resistance, duplex stainless steel is a popular option for many applications in this industry.

Moreover, environmental regulations by the United States Environmental protection agency helps the market growth due to stringent regulations that encourage businesses to use products that have less of an impact on the environment and emit fewer emissions. High alloy duplex stainless steel is to witness increasing demand in line with the country's sustainability goals due to its durability and long-life cycle.

Aging Infrastructure

Demand for high-performance materials like high alloy duplex stainless steel is growing because of expanding infrastructure projects, specifically bridges. High alloy duplex stainless steel is suitable for renovating infrastructures due to its strength, durability, and corrosion resistance. Additionally, outdated infrastructure in developed economies needs to be renovated and replaced. Due to its durability and resistance to corrosion, high alloy duplex stainless steel is a popular material for upgrading existing infrastructure, promoting market expansion.  

For instance, during the first quarter of 2023, several construction projects of bridges commenced, namely, Jupiter Federal Bridge Replacement, North first Avenue Bridge, Clayton Riverwalk Neuse Greenway Bridge Replacements and Cottonwood Creek Bridge Replacement. This rise in construction with high requirements of corrosion resistance and high tensile strength drives the demand for high alloy duplex stainless steel.

Expanding Chemical Sector

Materials that can withstand aggressive chemical environments are essential to the chemical processing industry. High alloy duplex stainless steel is the material of choice for applications like reactors, heat exchangers, and storage tanks due to its corrosion resistance. Additionally, its toughness and lengthy life cycle properties, coupled with its inclination towards eco-friendly materials, are further expected to strengthen the demand for high alloy duplex stainless steel in the United States market.

For instance, to expand their chemical plant in the United States BASF has invested USD 780 million. According to the company, this expansion will enable BASF to satisfy the rising demand for its products in North America's construction, appliance, transportation, automotive, and other industries. Thus, the expansion and construction of chemical plants are expected to raise the demand for high alloy duplex stainless steel during the forecast period.

Impact of COVID-19

The COVID-19 pandemic disrupted supply chains in the United States, which weakened the manufacturing and distribution of high alloy duplex stainless steel. Due to factory closures and transportation restrictions throughout the country, there were delays in the stainless-steel supply chain and inventory shortages. Demand fell across many industries, including construction, automotive, and aerospace, because of lockouts and economic slowdowns, which hurt the market for stainless steel, including high-alloy duplex stainless steel. Due to changes in supply, demand dynamics and economic uncertainty, the output of the high alloy duplex stainless steel market in the United States decreased by 20.3% during 2020 compared to the previous year, according to the international stainless-steel forum (ISSF).

Impact of Russia-Ukraine War

The conflict between Russia and Ukraine have negatively impacted the United States' high alloy duplex stainless steel because Russia was a significant supplier of raw nickel to the United States, Russia held 15% of the world's nickel exports of nickel before the war. Due to the ongoing conflict, the United States imposed import bans, which tightened the stainless-steel supply situation in the country, leading to an increase in production costs, which weakened procurement activity. However, due to increased investments in defense projects in the United States due to the war and geopolitical unrest, the country witnessed a demand rise for high alloy duplex stainless steel.

United States High Alloy Duplex Stainless Steel Market: Report Scope

The United States High Alloy Duplex Stainless Steel Market Assessment, Opportunities and Forecast, 2016-2030F, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of high alloy duplex stainless steel market in the United States, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year of the Analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Growth Rate

CAGR of 10.1% between 2023 and 2030

Revenue Forecast in 2030

USD 218.02 million

Units

Revenue in USD million

Segments Covered

Composition and End-use Industry

Regions Covered

Northwest, Southwest, West, Southeast, Midwest.

Key Companies Profiled

ThyssenKrupp North America, Inc, Penn Stainless Products, Inc, Outokumpu stainless USA, LLC, AK Steel (Clevland-Cliffs Inc), North American Stainless (Acerinox Group), Sandmeyer Steel Company, Carpenter Technology Corporation, Rolled Alloys, Inc, Nippon Steel North America, Inc, Allegheny Technologies, Inc.

Customization Scope

15% free report customization with purchase

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)

In this report, United States High Alloy Duplex Stainless Steel Market has been segmented into the following categories: 

1.       By Composition

1.1.    Chromium

1.2.    Nickel

1.3.    Copper

1.4.    Tungsten

1.5.    Molybdenum

1.6.    Others

2.       By End-use Industry

2.1.    Offshore & Near-shore Application

2.1.1.Oil Drilling

2.1.2.Desalination

2.1.3.Water Treatment

2.1.4.Others

2.2.    Equipment

2.2.1.Pollution Control Equipment

2.2.2.Engineering Equipment

2.2.3.Fermentation Equipment

2.3.    Processing Industry

2.3.1.Food Processing

2.3.2.Chemical Processing

2.3.3.Hot Water & Brewing Tanks

2.4.    Pulp and Paper Industry

2.5.    Construction

2.6.    Transportation

2.7.    Others

3.       By Region

3.1.    Northwest

3.2.    Southwest

3.3.    West

3.4.    Southeast 

3.5.    Midwest

Key Players Landscape and Outlook

Major high alloy duplex stainless steel producers are fortifying their market positions through expansion strategies, which include building new locations to accommodate growing demand and seize market opportunities.

For instance, Rolled Alloy announced its plans to construct a one-story light manufacturing facility in northwest Ohio, Toledo, in July 2023 to meet the rising demand in the American market.

Overall, the United States high alloy duplex stainless steel market is still expected to grow and see increased adoption across various industries looking for high-performance materials to meet their changing needs. It is driven by strong demand from key sectors like infrastructure, chemical processing, oil and gas, and aerospace. With its reliance on materials with exceptional corrosion resistance and strength for its crucial operations, the offshore oil and gas industry is a significant driver. Similarly, the growth of the United States chemical processing industry drives demand for high alloy duplex stainless steel, which can withstand harsh chemical environments. Environmental laws impact the economy significantly, driving initiatives to adopt more potent, more resilient materials like duplex stainless steel.

Key Players Operating in the United States High Alloy Duplex Stainless Steel Market

·         ThyssenKrupp North America, Inc

·         Penn Stainless Products, Inc

·         Outokumpu stainless USA, LLC

·         AK Steel (Clevland-Cliffs Inc)

·         North American Stainless (Acerinox Group)

·         Sandmeyer Steel Company

·         Carpenter Technology Corporation

·         Rolled Alloys, Inc

·         Nippon Steel North America, Inc

·         Allegheny Technologies, Inc

Markets and Data’s reports answer the following questions:

         What is the current and future market size of the product/service in question globally or specific to different countries?

         How are the markets divided into different product/service segments and the market size and growth of each segment?

         What is the market potential of different product segments and their investment case?

         How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

         What is the business environment and regulatory landscape specific to the product/service?

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Table of Contents

1.       Research Methodology

2.       Project Scope & Definitions

3.       Impact of COVID-19 on the United States High Alloy Duplex Stainless Steel Market

4.       Impact of Russia-Ukraine War

5.       Executive Summary

6.       Voice of Customer

6.1.    Market Awareness and Product Information

6.2.    Brand Awareness and Loyalty

6.3.    Factors Considered in Purchase Decision

6.3.1.Brand Name

6.3.2.Quality

6.3.3.Quantity

6.3.4.Price

6.3.5.Product Specification

6.3.6.Application Specification

6.3.7.Shelf-Life

6.3.8.Availability of Product

6.4.    Frequency of Purchase

6.5.    Medium of Purchase

7.       United States High Alloy Duplex Stainless Steel Market Outlook, 2016-2030F

7.1.    Market Size & Forecast

7.1.1.By Value

7.1.2.By Volume

7.2.    By Composition

7.2.1.Chromium

7.2.2.Nickel

7.2.3.Copper

7.2.4.Tungsten

7.2.5.Molybdenum

7.2.6.Others

7.3.    End-use Industry

7.3.1.Offshore & Near-shore Application

7.3.1.1.              Oil Drilling

7.3.1.2.              Desalination

7.3.1.3.              Water Treatment

7.3.1.4.              Others

7.3.2.Equipment

7.3.2.1.              Pollution Control Equipment

7.3.2.2.              Engineering Equipment

7.3.2.3.              Fermentation Equipment

7.3.3.Processing Industry

7.3.3.1.              Food Processing

7.3.3.2.              Chemical Processing

7.3.3.3.              Hot Water & Brewing Tanks

7.3.4.Pulp and Paper Industry

7.3.5.Construction

7.3.6.Transportation

7.3.7.Others

7.4.    By Region

7.4.1.Northwest

7.4.2.Southwest

7.4.3.West

7.4.4.Southeast 

7.4.5.Midwest

8.       Supply Side Analysis

8.1.    Capacity, By Company

8.2.    Production, By Company

8.3.    Operating Efficiency, By Company

8.4.    Key Plant Locations (Up to 25)

9.       Market Mapping, 2022

9.1.    By Composition

9.2.    By End-use Industry

9.3.    By Region

10.   Macro Environment and Industry Structure

10.1.                     Supply Demand Analysis

10.2.                     Import Export Analysis – Volume and Value

10.3.                     Supply/Value Chain Analysis

10.4.                     PESTEL Analysis

10.4.1.    Political Factors

10.4.2.    Economic System

10.4.3.    Social Implications

10.4.4.    Technological Advancements

10.4.5.    Environmental Impacts

10.4.6.    Legal Compliances and Regulatory Policies (Statutory Bodies Included)

10.5.                     Porter’s Five Forces Analysis

10.5.1.    Supplier Power

10.5.2.    Buyer Power

10.5.3.    Substitution Threat

10.5.4.    Threat from New Entrant

10.5.5.    Competitive Rivalry

11.   Market Dynamics

11.1.                     Growth Drivers

11.2.                     Growth Inhibitors (Challenges, Restraints)

12.   Key Players Landscape

12.1.                     Competition Matrix of Top Five Market Leaders

12.2.                     Market Revenue Analysis of Top Five Market Leaders (in %, 2022)

12.3.                     Mergers and Acquisitions/Joint Ventures (If Applicable)

12.4.                     SWOT Analysis (For Five Market Players)

12.5.                     Patent Analysis (If Applicable)

13.   Pricing Analysis

14.   Case Studies

15.   Key Players Outlook

15.1.                     ThyssenKrupp North America, Inc

15.1.1.    Company Details

15.1.2.    Key Management Personnel

15.1.3.    Products & Services

15.1.4.    Financials (As reported)

15.1.5.    Key Market Focus & Geographical Presence

15.1.6.    Recent Developments

15.2.                     Penn Stainless Products, Inc

15.3.                     Outokumpu stainless USA, LLC

15.4.                     AK Steel (Clevland-Cliffs Inc)

15.5.                     North American Stainless (Acerinox Group)

15.6.                     Sandmeyer Steel Company

15.7.                     Carpenter Technology Corporation

15.8.                     Rolled Alloys, Inc

15.9.                     Nippon Steel North America, Inc

15.10.                  Allegheny Technologies, Inc

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

16.   Strategic Recommendations

17.   About Us & Disclaimer

List of Figures: United States High Alloy Duplex Stainless Steel Market

Figure 1. United States High Alloy Duplex Stainless Steel Market, By Value, In USD Million, 2016 - 2030F

Figure 2. United States High Alloy Duplex Stainless Steel Market, By Volume, In Tons, 2016 - 2030F

Figure 3. United States High Alloy Duplex Stainless Steel Market Share, By Composition, In USD Million, 2016 - 2030F

Figure 4. United States High Alloy Duplex Stainless Steel Market Share, By End-use Industry, In USD Million, 2016 - 2030F

Figure 5. United States High Alloy Duplex Stainless Steel Market Share, By Region, In USD Million, 2016 - 2030F

Figure 6. By Composition Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 7. By End-use Industry Map-Market Size (USD Million) & Growth Rate (%), 2022

               Figure 8. By Region Map-Market Size (USD Million) & Growth Rate (%), 2022

List of Tables: United States High Alloy Duplex Stainless Steel Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

Frequently Asked Questions

What are the major drivers influencing the growth of the United States High Alloy Duplex Stainless Steel Market?

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