Please Wait.....
Report
China 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
Market Report I 2024-04-19 I 105 Pages I Market Xcel - Markets and Data
China high alloy duplex stainless steel market size was valued at USD 154.2 million in 2022, which is expected to grow to USD 342.8 million in 2030 at a CAGR of 10.5% during the forecast period between 2023 and 2030. A nexus of national priorities and global trends drive China's high-alloy stainless steel market. The nation's efforts to industrialize and build its infrastructure are expected to fuel the demand as stainless steel plays a vital role in the construction, transportation, and manufacturing sector. The country's high energy consumption and use of stainless steel in oil, gas, and renewable energy projects create significant demand for high-alloy stainless steel. Its corrosion resistance is also essential for the chemical and petrochemical industries, and water treatment and environmental initiatives encourage its use in purification systems. The demand for stainless steel is further boosted by China's role as a major exporter, which serves varied markets. Urbanization, automotive innovation, and sustainable practices foster additional requirements for this adaptable material.
Additionally, high-alloy stainless steel is increasingly used in energy projects due to the nation's rising energy consumption, which calls for materials that can withstand challenging environments. Its mechanical qualities and corrosion resistance make it indispensable for oil and gas exploration, power production, and the expanding field of renewable energy, underscoring its significance in advancing China's sustainability and energy security goals.
Rising Offshore Projects to Drive the Market in China
Duplex stainless steel is widely used in offshore and onshore oil & gas exploration, production, and transportation due to its high strength and corrosion resistance. The demand for duplex stainless steel for pipelines platforms and equipment will likely increase in China as it continues investing in offshore projects.
For instance, China's first offshore carbon storage project, constructed by the China National Offshore Oil Corporation (CNOOC) commenced its operations in June 2023. It aims to store more than 1.5 million tonnes of carbon dioxide (CO2), roughly equivalent to planting 14 million trees. The first significant offshore wind turbine project is in China, with 16 megawatts of capacity, which started construction in February 2023. Huge offshore construction like these projects in China are driving the country's requirement for high alloy duplex stainless steel.
Strong Export Opportunity in China
China is a significant high alloy duplex stainless steel exporter due to its strong manufacturing capabilities and cost-effective pricing. The material's strength, versatility, and resistance to corrosion help meet various international demands. Chinese duplex stainless steel is popular due to its quality and affordability in multiple industries, including oil and gas exploration, architectural applications, and infrastructure projects. Further, the nation enhances its appeal with extensive trade networks, customization options, and technical support.
For instance, China was responsible for 10% of the global iron and steel exports during 2020, which increased by 11.1% during 2021. Also, the demand for high alloy duplex stainless steel increases due to the expansion of chemical sector and rising infrastructure projects globally, increasing the demand for high alloy duplex stainless steel to be high in China.
Impact of COVID-19
The COVID-19 pandemic significantly impacted the high alloy stainless steel market in China. Lockdowns, decreased supply chain and industrial activities in China and importing countries, caused a decline in demand for stainless steel in various industries, including manufacturing, construction, and energy. Production slowdowns and labor shortages impacted the availability and distribution of stainless-steel products during the pandemic. However, in some ways, the pandemic contributed to the growth of the high alloy duplex stainless steel market, for instance, the demand for stainless steel in data centers and telecommunications infrastructure increased because of the boom in e-commerce and online services during the pandemic.
Impact of Russia-Ukraine War
The conflict between Russia and Ukraine has significant geopolitical and economic repercussions, with effects felt outside the immediate area. Global markets are experiencing uncertainty because of heightened tensions and military operations, which impact supply chains, investor sentiment, and trade dynamics. Since China greatly depends on nickel and chromium imports from Russia, the ongoing conflict has been severe in the stainless-steel market. However, the war affected the supply routes of crude oil globally, leading to new pipeline construction between these two countries and rising demand for high alloy duplex stainless steel.
Key Players Landscape and Outlook
Major Players in China are constantly making strenuous efforts to investigate and broaden the use of high alloy duplex stainless steel beyond its traditional applications. These major players are actively looking into novel ways to utilize the unique qualities of high-alloy stainless steel in industries such as energy, electronics, and aerospace.
For instance, TISCO introduced a new high alloy duplex stainless steel product that has received GTT approval and is intended for the membrane containment system of LNG ships and tanks of the MARK-III type in October 2022.
China's high alloy stainless steel market appears to have a promising outlook due to ongoing industrialization and significant infrastructure development. Furthermore, China's crucial position as a major exporter place it in a position to meet global demand. Additionally, increased environmental consciousness and sustainability initiatives will increase the appeal of stainless steel. Advanced stainless-steel grades may develop ongoing research and development work, improving performance, and opening new application possibilities.
1. Research Methodology
2. Project Scope & Definitions
3. Impact of COVID-19 on China 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. China 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. Beijing
7.4.2. Guangzhou
7.4.3. Shanghai
7.4.4. Shenyang
7.4.5. Wuhan
7.5. By Company Market Share (%), 2022
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. Baosteel Group Corporation
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. Taiyuan Iron and Steel (Group) Co., Ltd
15.3. Huzhou Dingshang Stainless Steel Co., Ltd
15.4. Jiangsu Jinhongxin Stainless Steel Co., Ltd
15.5. Wenzhou Baorui Steel Co., Ltd
15.6. Shanxi Goldpro Metal Product Co., Ltd
15.7. Ningbo Qiyi Precision Metals Co., Ltd
15.8. Yuhong Group Co., Ltd
15.9. Zhejiang Ruimai Stainless Steel Tube Co., Ltd
15.10. Jiaxing MT Stainless Steel Co., Ltd
*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
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security