Nickel Alloys Market– Global Industry Analysis and Forecast (2023-2029)

Global Nickel Alloys Market is expected to reach US$ 6.01 Bn. by 2029, at a CAGR of 3.77% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.

Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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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.
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Global Nickel Alloys Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.63 Bn.


Forecast Period 2023 to 2029 CAGR:
3.77%
Market Size in 2029:
US $ 6.01 Bn.


 Segments Covered:
by Function
Corrosion Resistant
Heat Resistant
Electronic Alloy
High Performance


by End-use Industry
Aerospace & Defense
Chemical
Oil & Gas
Electrical & Electronics
Automotive
Energy & Power
Others



Nickel Alloys Market, by Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Nickel Alloys Market Key Players:
1. VDM Metals (Germany)
2. Sandvik Materials Technology AB (Sweden)
3. Aperam S.A. (Luxembourg)
4. Allegheny Technologies Incorporated (US)
5. ThyssenKrupp AG (Germany)
6. Carpenter Technology Corporation (US)
7. Haynes International Inc. (US)
8. Voestalpine AG (Austria)
9. Precision Castparts Corporation (US)
10. Rolled Alloys Inc. (US)

Frequently Asked Questions:

1. Which region has the largest share in Global Nickel Alloys Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Nickel Alloys Market?
Ans: The Global market is growing at a CAGR of 3.77% during forecasting period 2023-2029.

3. What is scope of the Global Nickel Alloys market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Nickel Alloys market?
Ans: The important key players in the Global market are 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), and Rolled Alloys Inc. (US)

5. What is the study period of this market?
Ans: The Global market is studied from 2022 to 2029.