June 30, 2021: Sandvik AB has successfully 3D printed components made of super-duplex stainless steel, going where no other manufacturer has gone before. The innovation gives offshore industrial segments new and interesting options.
January 26, 2023: Acerinox plans to invest USD 244 million in its US-based stainless steel facility. With this growth, North American Stainless (NAS), the primary all-inclusive stainless steel manufacturer in the US, will see products with higher added values solidify their place in the market. With a special focus on growing those with more added value, including BA (Bright Annealing) and steels with unique compositions, the new equipment envisaged with this USD 244 million investment will be used to increase the volume of flat goods.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4928
Published Date: Nov 29, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are surge in construction activities, rise in utilization of duplex stainless steel in paper & pulp industry, and growth in maritime activity.
The market size of duplex stainless steel is anticipated to attain a CAGR of 6.4% over the forecast period, i.e., 2024-2036.
The major players in the market are NIPPON STEEL Stainless Steel Corporation, Industeel , Jindal Stainless , Daido Steel Co., Ltd., and others.
The welding wires segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.