The nickel alloys market is expected to grow from USD 13.14 billion in 2019 to USD 17.84 billion by 2027, at a CAGR of 3.9% during the forecast period 2020-2027.
Nickel alloy is an alloy whose principal element is nickel. Nickel alloys have a wide variety of applications, some of these include steam turbine power plant, nuclear power systems, chemical and petrochemical industries, medical applications, and aircraft gas turbine. Nickel alloys can resist high pressures and temperatures and this makes them well-suited for high-performance applications such as jet-engine blades. They are non-ferrous metals with excellent corrosion resistance, high strength and toughness, and superior elevated temperature properties.
The factors driving the market are rising demand for high-performance material due to an increasing use of corrosion-resistant alloys in the industry, and rising use of nickel alloy as high-temperature and high-corrosion resistant alloys in the engine and various transmission control systems. Other factors like growing demand for nickel alloys in the manufacturing of aircraft models propel the market growth. Increase in offshore spending and potential of new oilfield discovery offer market growth opportunities. The factors restraining the market growth are unpredictable oil and gas industry, and growing raw material prices. Reducing greenhouse gas emissions challenges the market growth.
This study delivers a comprehensive analysis of function, end-user, and region. The function segment includes high performance, corrosion-resistant, electronic alloys, and heat resistant. High-performance alloys segment holds the largest market share. This is attributed to their capability of handling extreme corrosive and high-pressure situations. Based on end-user, the market is segmented into oil and gas, aerospace and defence, energy and power, and chemical. Aerospace and defence segment dominates the market, owing to the increasing number of passengers for air travels, and an increase in demand for new aircraft.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific region is expected to witness significant growth, owing to the large demand for nickel alloys from oil and gas, chemical, food processing, and various end-use industries. Developing economies such as India, China, and Indonesia propels the market growth, owing to the increasing demand from various end-use industries. Due to the low cost of travel in the Middle East and Africa and Asia Pacific region, the market is expected to grow in the region.
Some of the notable players in the market are Aperam S.A., Sandvik Materials Technology AB, Haynes International Inc., Precision Castparts Corporation, Voestalpine AG, Rolled Alloys Inc., VDM Metals, Allegheny Technologies Incorporated, ThyssenKrupp AG, and Carpenter Technology Corporation. For instance, Sandvik invested approximately USD 25 million in a new plant for manufacturing nickel fine metal powders and titanium. This investment helped enhance the entire product landscape of the company.
Nickel Alloys Market Analysis and Forecast, Function
Nickel Alloys Market Analysis and Forecast, End-User
Nickel Alloys Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Function
4.3.2. Market Attractiveness Analysis By End-User
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for high-performance material in the form of corrosion-resistant
5.2.2. Increased use of nickel alloy as high-temperature in various transmission systems
5.3. Restraints
5.3.1. Growing raw material prices
5.4. Opportunities
5.4.1. Increase in offshore spending
5.5. Challenges
5.5.1. Reducing greenhouse gas emissions
6. Global Nickel Alloys Market Analysis and Forecast, By Function
6.1. Segment Overview
6.2. High Performance
6.3. Corrosion Resistant
6.4. Electronic Alloys
6.5. Heat Resistant
7. Global Nickel Alloys Market Analysis and Forecast, By End-User
7.1. Segment Overview
7.2. Oil and Gas
7.3. Aerospace and Defence
7.4. Energy and Power
7.5. Chemical
8. Global Nickel Alloys Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Nickel Alloys Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Nickel Alloys Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. End-User Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Aperam S.A.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Sandvik Materials Technology AB
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Haynes International Inc.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Precision Castparts Corporation
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Voestalpine AG
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Rolled Alloys Inc.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. VDM Metals
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Allegheny Technologies Incorporated
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. ThyssenKrupp AG
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Carpenter Technology Corporation
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
2. Global High Performance, Nickel Alloys Market, By Region, 2017-2027 (USD Billion)(K Units)
3. Global Corrosion Resistant, Nickel Alloys Market, By Region, 2017-2027 (USD Billion)(K Units)
4. Global Electronic Alloys, Nickel Alloys Market, By Region, 2017-2027 (USD Billion)(K Units)
5. Global Heat Resistant, Nickel Alloys Market, By Region, 2017-2027 (USD Billion)(K Units)
6. Global Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
7. Global Oil and Gas, Nickel Alloys Market, By Region, 2017-2027 (USD Billion)(K Units)
8. Global Aerospace and Defence, Nickel Alloys Market, By Region, 2017-2027 (USD Billion)(K Units)
9. Global Energy and Power, Nickel Alloys Market, By Region, 2017-2027 (USD Billion)(K Units)
10. Global Chemicals, Nickel Alloys Market, By Region, 2017-2027 (USD Billion)(K Units)
11. North America Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
12. North America Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
13. U.S. Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
14. U.S. Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
15. Canada Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
16. Canada Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
17. Mexico Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
18. Mexico Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
19. Europe Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
20. Europe Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
21. Germany Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
22. Germany Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
23. France Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
24. France Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
25. U.K. Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
26. U.K. Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
27. Italy Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
28. Italy Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
29. Spain Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
30. Spain Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
31. Asia Pacific Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
32. Asia Pacific Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
33. Japan Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
34. Japan Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
35. China Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
36. China Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
37. India Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
38. India Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
39. South America Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
40. South America Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
41. Brazil Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
42. Brazil Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
43. Middle East and Africa Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
44. Middle East and Africa Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
45. UAE Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
46. UAE Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
47. South Africa Nickel Alloys Market, By Function, 2017-2027 (USD Billion)(K Units)
48. South Africa Nickel Alloys Market, By End-User, 2017-2027 (USD Billion)(K Units)
List of Figures
1. Global Nickel Alloys Market Segmentation
2. Global Nickel Alloys Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Nickel Alloys Market Attractiveness Analysis By Function
9. Global Nickel Alloys Market Attractiveness Analysis By End-User
10. Global Nickel Alloys Market Attractiveness Analysis By Region
11. Global Nickel Alloys Market: Dynamics
12. Global Nickel Alloys Market Share by Function(2020 & 2027)
13. Global Nickel Alloys Market Share by End-User (2020 & 2027)
14. Global Nickel Alloys Market Share by Regions (2020 & 2027)
15. Global Nickel Alloys Market Share by Company (2019)
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