Nickel Alloys Market is expected to reach USD XX Billion by 2026 from USD 13.18 Billion in 2018 at a CAGR of XX %.
Nickel alloys has a wide applications in aircraft component manufacturing such as blades, exhaust system, engine components, blades etc this drives the market for nickel alloys. Automotive sales for lightweight vehicle is trending particularly in developing markets, this is about to create opportunities for the market growth. On the other hand, the fluctuating oil & gas end user industry is also anticipated to affect market growth, however the intensity is anticipated to remain moderate. Increase in raw material prices across regions is anticipated to restriant the growth of nickel alloy market over the forecast period.
High performance alloys segment is major contributor of the high performance market. High performance nickel alloys are capable of handling extreme corrosive and high pressure situations, hence they are extensively used in the aerospace & defense industry and for oil & gas exploration activities.
Aerospace & defense industry segment is expected to hold largest shares of the market for nickel alloys during the forecast period. Surging number of passengers for air travel in the emerging countries of the Asia Pacific and the Middle East, which in turn increases demand for new aircraft and thereby driving the growth of this segment.
Geographically, the nickel alloys market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is expected to be one of the largest markets for nickel alloys during the forecast period. This is due to large demand for nickel alloys from oil & gas, food processing, chemical, aerospace & defense and electrical & electronics end-use industries in this region.
The objective of the report is to present comprehensive analysis of Nickel Alloys market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Nickel Alloys market dynamics, structure by analyzing the market segments, and project the Nickel Alloys market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Nickel Alloys market make the report investor’s guide.
Scope of the report:
Nickel Alloys Market, By Function:
• Corrosion Resistant
• Heat Resistant
• Electronic Alloy
• High Performance
Nickel Alloys Market, By End-use Industry:
• Aerospace & Defense
• Chemical
• Oil & Gas
• Electrical & Electronics
• Automotive
• Energy & Power
• Others
Nickel Alloys Market, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Operating in the Nickel Alloys Market:
• VDM Metals (Germany)
• Sandvik Materials Technology AB (Sweden)
• Aperam S.A. (Luxembourg)
• Allegheny Technologies Incorporated (US)
• ThyssenKrupp AG (Germany)
• Carpenter Technology Corporation (US)
• Haynes International Inc. (US)
• Voestalpine AG (Austria)
• Precision Castparts Corporation (US)
• Rolled Alloys Inc. (US)
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