According to a study by DataM Intelligence, the global duplex stainless steel welded pipe market is on a strong growth path. The market was valued at US $2.6 billion in 2023 and is expected to reach US $4.2 billion by 2031. This growth represents a healthy CAGR of 6.1 per cent during the forecast period from 2024 to 2031.

Duplex stainless steel is gaining popularity because it combines the properties of two types of stainless steel – austenitic and ferritic. It offers high strength, excellent resistance to corrosion and reliability in tough operating conditions. These qualities make it a preferred choice in industries such as oil and gas, chemical processing and marine operations.

The report segments the industry across multiple categories. By product type, the market covers hyper duplex, standard duplex, super duplex and others. By material grade, it includes 304, 316, 304L, 316L and others. Surface treatment options include bare, galvanised, copper-plated and painted. In terms of thickness, pipes range from 0.3 mm to 10 mm, while outer diameters vary from 1.5 inches up to 16 inches. Key application areas include offshore oil and gas, chemical processing, chemical tankers and shipbuilding, desalination and water treatment, along with other industrial uses.

The duplex stainless steel welded pipe industry is also experiencing rapid growth alongside advancements in medical technologies. Rising demand for innovative therapies and a stronger focus on patient-centred care are further contributing to this growth.

The report points out that companies in this market are focusing on product innovation and expanding into fast-growing emerging economies. Key players include Nippon Steel Corporation, Zhengzhou City Huitong Pipe Fittings Co Ltd, Oshwin Overseas, Special Piping Materials, AMETEK Inc, Savoy Piping Inc, Tubacex Group, Aesteiron Steels LLP, MTSCO and Metline Industries.

The research also covers regional growth trends. North America, Europe, Asia Pacific, South America, and the Middle East and Africa are all seeing demand. The infrastructure and energy projects creating strong opportunities for manufacturers.

Industry experts believe that rising global energy needs, ongoing industrial expansion and the material’s superior performance are driving demand. They expect these factors to keep the duplex stainless steel welded pipe market on a steady growth path in the coming years.