According to a market report by Lucintel, 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 to understand trends, opportunity and forecast in nickel alloy market to 2030 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).
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.
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APAC will remain the largest region over the forecast period.
Allegheny Technology, Aperam, Thyssenkrupp, VDM Metals, Carpenter Technology, Cogne Acciai Speciali, Columbia Metal are the major suppliers in the nickel alloy market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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