The report "Nickel Alloys Market by Function (Corrosion Resistant, Heat Resistant, High Performance, Electronic Alloys), End-Use Industry (Aerospace & Defense, Oil & Gas, Chemical, Energy & Power), and Region - Global Forecast to 2022", The nickel alloys market is projected to grow from an estimated USD 12.14 Billion in 2017 to USD 14.68 Billion by 2022, at a CAGR of 3.9% from 2017 to 2022. The growing demand for nickel alloys from various end-use industries, including the growing aerospace and oil & gas industries, are factors driving the nickel alloys market, globally.
Browse 91 Market Data Tables and 43 Figures spread through 164 Pages and in-depth TOC on "Nickel Alloys Market by Function (Corrosion Resistant, Heat Resistant, High Performance, Electronic Alloys), End-Use Industry (Aerospace & Defense, Oil & Gas, Chemical, Energy & Power), and Region - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
Based on function, the high performance alloy segment is projected to lead the nickel alloys market during the forecast period
Based on function, the high performance nickel alloys segment is estimated to lead the nickel alloys market in 2017, which can be attributed to the rising demand for nickel alloys, mainly from the aerospace & defense, oil & gas, and chemical & petrochemical industries. Nickel is a versatile metal that can alloy with various other metals, which possess various chemical, physical, and mechanical properties. Nickel alloys possess extreme corrosion resistant properties, due to which these alloys can be used in extremely harsh environments in the oil & gas, chemical, aerospace, energy & power, and various other industries. Besides corrosion resistance properties, nickel alloys also possess high heat and temperature resistance properties.
Nickel alloys are widely used in the aerospace & defense industry
Based on end-use industry, the aerospace & defense industry segment are estimated to have led the nickel alloys market in 2017. Over the past few decades, nickel alloys are widely used in the aerospace industry mainly in the engine manufacturing sector. They provide excellent mechanical and physical properties and are highly suitable for engine turbine, blades, exhausts systems, and others. The growing investments in the aerospace industry and an increasing number of aircraft deliveries are driving the aerospace industry, which in turn is driving the demand for high performance alloys.
Asia Pacific is the largest market for nickel alloys
The Asia Pacific is a highly potential market for nickel alloys and is projected to continue this trend during the coming years as well. Increasing production in the manufacturing sector to cater domestic requirements for superior quality products and rising exports from the region are factors leading to an increased demand for nickel alloys in the region. Moreover, increasing population and a growing number of end-use industries in the Asia Pacific region have also led to innovations and developments in the field of nickel alloys, thereby fueling the growth of the Asia Pacific nickel alloys market.
The key players in the nickel alloys market are VDM Metals (Germany), Aperam S.A. (Luxembourg), Sandvik Materials Technology AB (Sweden), Allegheny Technologies Incorporated (US), Carpenter Technology Corporation (US), ThyssenKrupp AG (Germany), Haynes International Inc. (US), Precision Castparts Corporation (US), Voestalpine AG (Austria), and Rolled Alloys Inc. (US), among others.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Email: [email protected]