Duplex Stainless Steel Pipe Market Summary

The global duplex stainless steel pipe market size was estimated at USD 642.3 million in 2024 and is projected to reach USD 1,124.8 million by 2030, growing at a CAGR of 9.8% from 2025 to 2030. This strong growth outlook reflects increasing demand for high-performance piping solutions across energy and industrial sectors. Rising industrial construction activities, specifically in the oil and gas industry, are expected to benefit the market demand for duplex stainless steel pipes, as these materials offer superior strength, corrosion resistance, and durability compared to conventional stainless steel pipes.

For instance, in May 2024, Abu Dhabi National Oil Company, a subsidiary of ADNOC Gas, announced that it is aiming to more than double its LNG production capacity by 2028 with the commencement of operations of its Ruwais LNG Plant that is currently under construction. Such large-scale energy projects significantly increase the demand for robust piping systems. Increasing oil exploration activities in the offshore oil industry are expected to benefit the demand for duplex stainless steel pipes, as offshore environments often involve harsh conditions such as high pressure and high temperature. Additionally, it has been observed that there is an increase in the life expectancy of subterranean walls and the rise of corrosive agents in these walls. In such conditions, duplex stainless steel materials exhibit excellent performance, ensuring long-term operational reliability and reduced maintenance costs.

Key Market Trends & Insights

• The North America duplex stainless steel pipe market dominated the market in 2023, supported by ongoing investments in oil and gas infrastructure, pipeline modernization projects, and stringent material performance standards.
• The duplex stainless steel pipe market in the Asia Pacific region dominated the global market and accounted for over 66.0% revenue share in 2023, driven by rapid industrialization, expanding energy infrastructure, and increased offshore and onshore exploration activities across countries such as China, India, and Southeast Asian nations.
• The Middle East and Africa duplex stainless steel pipe market holds a significant share in the overall market, owing to large-scale oil and gas projects, LNG capacity expansions, and continuous investments in upstream and downstream energy activities across the region.
• Based on end use, oil and gas held the largest revenue share of over 42% in 2023, reflecting the extensive use of duplex stainless steel pipes in pipelines, processing plants, and offshore platforms where high strength and corrosion resistance are critical.

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Market Size & Forecast

• 2024 Market Size: USD 642.3 Million
• 2030 Projected Market Size: USD 1,124.8 Million
• CAGR (2025-2030): 9.8%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights

Some key players operating in the market include Outokumpu, JFE Steel Corporation., POSCO, and Acerinox SA

• Outokumpu is one of the leading players in the stainless steel industry value chain. The company produces stainless steel grades such as ferritic, duplex, austenitic, and martensitic. The company caters to industries including appliances, automotive & transportation, building & infrastructure, and energy & heavy industry.
• Acerinox SA is a Spain-based manufacturer of stainless steel and high-performance alloy products. The company has a shop melting capacity of 3.5 million tons and has around 13 production facilities.

Key Players

• Acerinox SA
• Aperam SA
• JFE Steel Corporation
• JSW Group
• Metline Industries
• Nippon Steel Corporation
• Outokumpu
• POSCO
• Tata Steel
• ThyssenKrupp AG

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Conclusion

The duplex stainless steel pipe market is poised for robust growth, supported by rising oil and gas exploration, expanding LNG capacity, and increasing industrial construction activities worldwide. Superior mechanical strength and corrosion resistance make duplex stainless steel pipes well suited for harsh operating environments. Regional trends highlight Asia Pacific’s dominant market position, alongside strong demand in North America and the Middle East and Africa. The oil and gas sector remains the primary end-use driver. Overall, continued investments in energy infrastructure and offshore projects are expected to sustain market expansion over the forecast period.