MARKET OVERVIEW
Nickel alloys are metals made by combining the primary metal nickel with additional elements like copper, molybdenum, iron, or chromium. Nickel alloys have a number of advantages that make them more suitable for use in harsh settings. Nickel-based alloys are resistant to oxidation and corrosion and may maintain their strength across a wide temperature range.
MARKET SCOPE
The "Global Nickel Alloy Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nickel alloy market with detailed market segmentation by type and end user industry. The report provides key statistics on the market status of the leading nickel alloy market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global nickel alloy market is segmented into high-performance alloys, electronic alloys, heat resistant alloys, corrosion resistant alloys.
- On the basis of end user industry the market is segmented into aerospace, electrical and electronics, oil and gas, automotive, other.
MARKET DYNAMICS
Drivers:
- The gas and oil industry is likely to contribute to the growth of the nickel alloys market due to the demand for corrosion-resistant items. Corrosion on oil rigs can result in structural and other deterioration, which can have a substantial impact on their operations.
- Nickel alloys are widely employed in the aircraft sector, especially in the production of engines. Nickel alloys are utilised to manufacture various sections of aircraft engines due to their superior properties compared to other materials such as steel and stainless steel.
Restraints:
- Nickel's most prevalent health threat is an allergic reaction. Nickel contact with the skin for an extended period of time might cause an allergic skin reaction, such as eczema or dermatitis, at the point of contact.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The nickel alloy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nickel alloy market in these regions.
IMPACT OF COVID-19 ON NICKEL ALLOY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the nickel alloy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from nickel alloy market are anticipated to lucrative growth opportunities in the future with the rising demand for nickel alloy in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nickel alloy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Allegheny Technologies Incorporated
- Aperam S.A.
- Carpenter Technology Corporation
- Haynes International Inc.
- Kennametal Inc.
- Precision Castparts Corporation
- Sandvik Materials Technology Ab
- Thyssenkrupp AG
- VDM Metals GmbH
- Voestalpine AG
- CRS Holdings Inc (Carpenter Technology Corporation).,
- Rolled Alloys, Inc.,
- Sandvik AB,
- Ametek Inc.
- Sanyo Special Steel Co., Ltd.
- JLC Electromet Pvt. Ltd.
- Neonickel
- Precision Castparts Corporation
- Columbia Metals Ltd.
- High Performance Alloys, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.