Nickel Alloy Trends and Forecast
The future of the global nickel alloy market looks promising with opportunities in the aircraft, automotive, steam turbine, pharmaceuticals, nuclear power, and chemical & petrochemical markets. The global nickel alloy market is expected to grow with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing use of this material in nuclear power plant and rising demand for this product from aerospace industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Nickel Alloy by Segment
The study includes a forecast for the global nickel alloy by type, function, application, and region.
Nickel Alloy Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Wrought Nickel
• Nickel-Iron Alloys
• Nickel-Copper Alloys
• Nickel-Molybdenum Alloys
• Nickel-Chromium Alloys
• Nickel-Chromium-Iron Alloys
• Nickel-Chromium-Molybdenum Alloys
• Nickel-Chromium-Cobalt Alloys
• Nickel-Titanium Alloys
Nickel Alloy Market by Function [Shipment Analysis by Value from 2018 to 2030]:
• High Performance Alloy
• Heat-Resistant
• Corrosion Resistance
• Low-Expansion Alloys
• Electrical-Resistance Alloys
Nickel Alloy Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Aircraft
• Automotive
• Steam Turbine
• Pharmaceuticals
• Nuclear Power
• Chemical & Petrochemical
• Others
Nickel Alloy Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Nickel Alloy Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies nickel alloy companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the nickel alloy companies profiled in this report include-
• Allegheny Technology
• Aperam
• Thyssenkrupp
• VDM Metals
• Carpenter Technology
• Cogne Acciai Speciali
• Columbia Metal
Nickel Alloy Market Insights
Lucintel forecasts that nickel-copper alloys will remain the largest segment over the forecast period due to its various qualities, such as high strength, good corrosion resistance, flexibility, and low temperature co-efficient of electrical resistance.
Within this market, automotive will remain the largest segment due to substantial usage of nickle alloy in this sector given to its qualities, such as strong, durable, and quick absorbant impact of collisions.
APAC will remain the largest region over the forecast period.
Features of the Global Nickel Alloy Market
Market Size Estimates: Nickel alloy market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Nickel alloy market size by type, function, application, and region in terms of value ($B).
Regional Analysis: Nickel alloy market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, functions, applications, and regions for the nickel alloy market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the nickel alloy market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for nickel alloy market?
Answer: The global nickel alloy market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the nickel alloy market?
Answer: The major drivers for this market are growing use of this material in nuclear power plant and rising demand for this product from aerospace industry.
Q3. What are the major segments for nickel alloy market?
Answer: The future of the nickel alloy market looks promising with opportunities in the aircraft, automotive, steam turbine, pharmaceuticals, nuclear power, and chemical & petrochemical markets.
Q4. Who are the key nickel alloy market companies?
Answer: Some of the key nickel alloy companies are as follows:
• Allegheny Technology
• Aperam
• Thyssenkrupp
• VDM Metals
• Carpenter Technology
• Cogne Acciai Speciali
• Columbia Metal
Q5. Which nickel alloy market segment will be the largest in future?
Answer: Lucintel forecasts that nickel-copper alloys will remain the largest segment over the forecast period due to its various qualities, such as high strength, good corrosion resistance, flexibility, and low temperature co-efficient of electrical resistance.
Q6. In nickel alloy market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the nickel alloy market by type (wrought nickel, nickel-iron alloys, nickel-copper alloys, nickel-molybdenum alloys, nickel-chromium alloys, nickel-chromium-iron alloys, nickel-chromium-molybdenum alloys, nickel-chromium-cobalt alloys, and nickel-titanium alloys), function (high performance alloy, heat-resistant, corrosion resistance, low-expansion alloys, and electrical-resistance alloys), application (aircraft, automotive, steam turbine, pharmaceuticals, nuclear power, chemical & petrochemical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Nickel Alloy Market, Nickel Alloy Market Size, Nickel Alloy Market Growth, Nickel Alloy Market Analysis, Nickel Alloy Market Report, Nickel Alloy Market Share, Nickel Alloy Market Trends, Nickel Alloy Market Forecast, Nickel Alloy Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.