Nickel Alloys - Global Market Outlook (2017-2023)

LONDON, Oct. 3, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Nickel Alloys Market is accounted for $11.69 billion in 2016 and is expected to reach $15.95 billion by 2023 growing at a CAGR of 4.5% during the forecast period.

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Increasing demand from the oil & gas industries and higher corrosion resistance properties are some of the key factors favouring the market growth. However, increasing cost of raw materials used in production of nickel alloys is hampering the market. Rising offshore spending provides ample of opportunities for players in the market.

High performance alloy segment commanded the largest market share during the forecast period due to the increasing demand from end user industries mainly from the aerospace & defense, oil & gas. High performance alloys are heat resistant alloys based on nickel-iron which are planned to perform at extreme temperature and pressure. Nickel-based alloys can be either solid solution or precipitation strengthened. The broad variety of applications for which superalloys are used has prolonged to other industries such as chemical, aircraft, petroleum plant, rocket engines.

Aerospace & defense segment is expected to hold the largest market share during the forecast period due to the rising investments and growing number of aircraft deliveries. Nickel alloys are broadly used in the aerospace industry mainly in the engine production industry.

They provide excellent mechanical and physical properties and highly suitable for engine turbine, blades, exhausts systems, and others. Asia Pacific accounted for largest market share attributed to growing population and increasing number of end-use industries such as oil & gas, automotive and chemical. There is growing demand for nickel alloys in emerging countries of Asia pacific such as India and China.

Some of the key players in Nickel Alloys market include Kennametal Inc., Carpenter Technology Corporation, VDM Metals GmbH, Allegheny Technologies Incorporated, Thyssenkrupp AG, Precision Castparts Corporation, Haynes International Inc., Columbia Metals Ltd., Sandvik Materials Technology Ab, Aperam S.A., Sanyo Special Steel Co., Ltd., Voestalpine AG, JLC Electromet Pvt. Ltd., Ametek Inc. and Neonickel.

End Users Covered:
? Oil & Gas
? Aerospace & Defense
? Energy & Power
? Chemical
? Electrical & Electronics
? Automotive
? Medical
? Other End Users

Functions Covered:
? Electronic Alloys
? High Performance Alloys
? Heat Resistant Alloys
? Corrosion Resistant Alloys

Products Covered:
? Nickel-titanium Alloys
? Nickel-aluminium Alloys
? Nickel-chromium Alloys

Regions Covered:
? North America
o US
o Canada
o Mexico
? Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
? Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
? South America
o Argentina
o Brazil
o Chile
o Rest of South America
? Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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