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Nickel Alloy Market Overview, Opportunities And Challenges Forecast To 2026 | Fortune Business Insights

Top Players in Nickel Alloy Market are JLC Electromet Pvt. Ltd., Wanlutong Metal Group, VDM Metals Group, ATI (Allegheny Technologies Incorporated), Sandvik, Nippon Steel Corporation, Sumitomo Corporation, Beall Industry Group Co. Limited, ThyssenKrupp Materials NA, Rolled Alloys, Inc., Haynes International, Aperam, Voestalpine AG, Precision Castparts Corp, EB Alloy, HY Industry, and ArcelorMittal.

The report offers the current, historical, and projected market size based on both revenue (USD Billion) and volume (Kilotons). It highlights the nickel alloy market trends, key drivers, hindrances, regional analysis, and other related challenges. Combined with these, it consists of all the possible opportunities that are available in the market.

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The global nickel alloy market is expected to grow at a remarkable rate owing to the rising demand from several industry verticals. This information is published in an upcoming report by Fortune Business Insights, titled, “Nickel Alloy Market Size, Share and Global Trend By Composition (Nickel-Copper, Nickel-Molybdenum & Nickel-Chromium-Molybdenum, Nickel-Silicon, Nickel-Chromium, Nickel-Chromium-Iron, Nickel-Chromium-Cobalt, Others), By End-Use Industry (Aerospace & Defence, Marine, Power, Chemical, Oil and Gas, Automotive, Electronics, Others) and Geography Forecast till 2026.” The report further states that nickel alloy possesses superior properties as compared to other pure metals. The usage of nickel alloy reduces the maintenance downtime and raises the working life of a component. These factors would propel the nickel alloy market growth during the forecast period.

Fortune Business Insights lists out some of the prominent companies operating in the nickel alloy market. They are as follows:

  • VDM Metals Group
  • JLC Electromet Pvt. Ltd.
  • Beall Industry Group Co. Limited
  • Sandvik
  • Wanlutong Metal Group
  • Rolled Alloys, Inc.
  • Voestalpine AG
  • ATI (Allegheny Technologies Incorporated)
  • ArcelorMittal
  • Nippon Steel Corporation
  • HY Industry
  • Haynes International
  • Sumitomo Corporation
  • EB Alloy
  • ThyssenKrupp Materials NA
  • Precision Castparts Corp
  • Aperam

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Asia Pacific to Lead: Rising Number of Power Plants Will Favor Growth

The nickel alloy market is geographically fragmented into the Middle East & Africa, Asia Pacific, North America, Latin America, and Europe. Amongst them, Asia Pacific is anticipated to lead the market during the forthcoming period. The growth is attributable to a rise in the industrial activities in aerospace, marine, electronics, and chemical sectors. Moreover, the space sector is expanding rapidly in the emerging countries, such as Bangladesh, India, Japan, Vietnam, and China. Combined with this, an increasing number of power plants in the region would boost the nickel alloy market size here.

Europe, North America, and the Middle East, on the other hand, are set to reform its oil and gas industry by using advanced technology and materials. Nickel alloy plays an important role in the modernization of this industry. Marine vessel and airplane manufacturers are using nickel-based superalloy for improving performance. The market in Europe and North America will grow exponentially owing to the presence of well-established aerospace and marine industry. Additionally, extensive research and development activities would also contribute to growth.

Key Market Driver – Increase in industrial demand for nickel

Key Market Restraint – Fluctuating prices of nickel

Renowned Companies & Universities Focus on Developing Innovative Products

Numerous key players that are present in the market are focusing on creating a strong brand presence, signing agreements, and conducting research and development activities to increase the nickel alloy market share. The players also consist of university students who are creating modern devices through various competitions. Below are two of the latest key developments that have occurred in the industry:

June 2019: A team of seniors belonging to the College of Engineers has recently developed an energy-efficient system. It is aimed at controlling the solar panels on CubeSats with the help of a nickel-titanium shape memory alloy. The team was a part of CASMART 3rd Student Design Challenge that took place in Germany. Their design held the first position by beating all the nine participating universities. The competition was held for undergrad and graduate students. They were instructed to create state-of-the-art technologies by using shape memory alloy. They had developed three separate mechanisms named Penny.

April 2019: Allegheny Technologies Inc. (ATI), a specialty metals company based in the U.S., announced that it has successfully extended its Long-Term Purchase Agreement (LTPA) with Rolls-Royce. It was done to provide rotating disc quality specialty materials for their Trent family. The agreement was extended until 2029. As per the officials of ATI, the long-standing relationship between both companies would support the development of next-generation jet engines.

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Key Segmental Overview:

1. By Composition

  • Nickel-Copper
  • Nickel-Molybdenum & Nickel-Chromium-Molybdenum
  • Nickel-Silicon
  • Nickel-Chromium
  • Nickel-Chromium-Iron
  • Nickel-Chromium-Cobalt
  • Others

2. By End-Use Industry

  • Aerospace & Defence
  • Marine
  • Power
  • Chemical
  • Oil and Gas
  • Automotive
  • Electronics
  • Others

3. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
  • Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)

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Major Table of Content For Nickel Alloy Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Naphtha Market Analysis, Insights and Forecast, 2026
  6. North America Naphtha Market Analysis, Insights and Forecast, 2026
  7. Europe Naphtha Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Naphtha Market Analysis, Insights and Forecast, 2026
  9. Middle East and Africa Naphtha Market Analysis, Insights and Forecast, 2026
  10. Latin America Naphtha Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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