According to a report, the value of the global duplex stainless steel market was estimated at US$3.3 billion in 2022, and the market size was expected to reach US$4.6 billion by 2030 and grow at a compound annual growth rate (CAGR) of 4.2% during the period from 2022 to 2030.
In 2022, the US duplex stainless steel market was projected to have a value of US$897.9 million. China’s duplex stainless steel market was expected to grow at a CAGR of 7.2% from 2022 to 2030, and the market value will reach US$964.7 million by 2030.
Over the analysis period, Canada, Germany, and Japan were forecasted to have growth in the market value of 3.6%, 2.8%, and 2.2%, respectively. The market in Asia-Pacific will reach a value of US$611.5 million by 2030.