Nickel Alloys Market by Function, and End User - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026


Posted May 21, 2019 by Pallavicoh

Nickel Alloys Market report categorizes the global market by Function, End User - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25

 
Nickel alloys are the mixture of nickel and other metals or elements. Nickel alloys with iron, copper, chromium, lead, aluminum, silver, gold, cobalt, and other elements are used to produce cast iron, stainless steel, Incoloy, Inconel, Monel, and other alloys. Nickel alloys have several properties such as heat resistance, electric resistance, toughness, strength at low and high temperature, corrosion resistance, and special electronic and magnetic properties. Due to these properties, they are used in batteries, coatings, mobile phones, kitchenware, mobile phones, jewelry, medical equipment, buildings, transport, and power generation. They are used in automotive industry for motors, generators, heating elements, turbochargers, gears, exhaust valve, brake fluid lines, cylinder liners, pistons, wiper, mufflers, catalyst, and clamps. They are widely used in aircraft for manufacturing exhaust systems, blades, hydraulic pumps, and other components. Nickel alloys are also used in power generation turbines, marine fasteners, and electronics. Therefore, Mentioned uses of nickel alloys in various industries are the drivers for the growth of nickel alloy market. The increasing cost of raw materials is the major restraint for nickel alloy market.

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High resistance alloys are projected to be the largest segment in the nickel alloys market in 2017. This is due to their applications in various industries such as oil and gas, aerospace, chemical, energy, and power. Nickel alloys have major applications in defense and aerospace, owing to their superior physical and mechanical properties.
The companies are adopting various organic and inorganic growth strategies to retain their market position. key players operating the nickel alloys market include Allegheny Technologies Incorporated, Ametek Inc., Aperam S.A., Carpenter Technology Corporation, Haynes International Inc., Kennametal Inc., Precision Castparts Corporation, Rolled Alloys Inc., Sandvik Materials Technology, ThyssenKrupp AG, VDM Metals GmbH, and Voestalpine AG.

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Last Updated May 21, 2019