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Nickel Alloys Market by Function, End-Use Industry, and Region - Global Forecast to 2022

Nickel Alloys Market: Global Forecast until 2022

  • July 2017
  • 166 pages
  • ID: 5018013
In this report:
The European Union (EU) accounts for ##% of the petrochemical oil consumption, while China accounts for ##%, Korea for ##%, and Japan for ##%, where petrochemicals are largely produced from naphtha.
According to the latest available estimates from Organization of Petroleum Exporting Countries (OPEC), petroleum accounted for ##% of the total Saudi Arabian export revenues in 2013.


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The nickel alloys market is estimated to grow ~$14.7B by 2022

The nickel alloys market is projected at ~$12.1B in 2017 and is projected to extend ~$14.7B by 2022, at a compound annual growth rate of 3.90 percent between 2017 and 2022. Elements such as higher corrosion resistance properties, and increasing demand from the aerospace & defense, and oil & gas sectors are driving the nickel alloys market. Increasing demand for nickel alloys from EU and Asia Pacific regions is also anticipated to drive the industry. The main restraint in the nickel alloys market is the increasing cost of raw materials used to manufacture nickel alloys.

The high performance alloy segment is anticipated to observe the highest increase between 2017 and 2022

Established on function, the high performance alloys segment is anticipated to witness the highest rise in the nickel alloys market, amongst other functions including corrosion resistant, heat resistant, and electronic alloy. The increase of this segment can be accredited to the fact that high performance nickel alloys is a highly alloyed material designed for use in aggressive environments. It is designed to handle extreme environments, including highly corrosive conditions and pressures encountered in aerospace engine turbines and at great depths in oil and gas fields. Increasing oil and gas exploration around the globe is one of the main factors in the rise of the high performance nickel alloys market.

The aerospace & defense segment is intended to be the most important segment in the nickel alloys market

Established on end-user market, the nickel alloys market has been broken down into aerospace & defense, oil & gas, chemical, electrical & electronics, energy & power, and automotive, among others. The aerospace & defense segment is forecasted to be the biggest segment from 2017-2022, due to the growing use of nickel alloy based products in aerospace engine manufacture and different other components in the aerospace & defense market. Rising use of nickel alloys and their components in aircraft engines is fueling the market demand for nickel alloys. Oil & gas is also a main industry utilizing nickel alloys, and the growing use of nickel alloys in several oil & gas applications, specifically deep sea explorations, is fueling the increase of the nickel alloys market.

The sector in the Asia Pacific forecasted to witness more significant rise during the outlook period

The Asia Pacific nickel alloys market is forecasted to witness the highest increase between 2017 and 2022. The territory is a main consumer of nickel alloys, which are used in varied end-use markets, including oil & gas, aerospace, automotive, chemical process, power, and marine, among other sectors. The industry demand for nickel alloys is rising in different countries in the Asia Pacific region including Japan, China (CN), India (IN), and South Korea (KR), among others.

Key players' distribution profiles:

• By Company category: Tier 1 - 12.0 percent, Tier 2 - 38.0 percent, and Tier 3 - 50.0 percent

• By Description: C-suite - 25.0 percent, D-level - 12.0 percent, and Others - 63.0 percent

• By Area: Europe (EU) - 17.0 percent, APAC - 25.0 percent, North America (NA) - 25.0 percent, and Others -33.0 percent

Main firms decribed in this market report contain VDM Metals, Aperam S.A., Sandvik Materials Technology AB, Allegheny Technologies Incorporated, Carpenter Technology Corporation, ThyssenKrupp AG, Haynes International Inc., Precision Castparts Corporation, Voestalpine AG, and Rolled Alloys Inc., among others.

Segment Research

This business report affords an overview of market trends, drivers, and opportunities with respect to the nickel alloys market. It also offers a exhaustive overview of the market across five regions, that is, Asia-Pac, EU, North America continent, Middle East (ME) & African continent, and Latin America area. The study classifies the nickel alloys market established on function, end-use sector, and area. An in-depth study of leading actors, together with top increase strategies approved by them, is also covered in the analysis.

Why acquiring this study can help you

This industry report includes the following main aspects:

• The market size by 2022 and the increase rate

• The top market trends

• The factors projected to drive the increase of the market

• The challenges that impact market increase

• The main actors in this sector

• This overall report includes key regions, like North America, Europe (EU), and Asia Pacific (APAC), containing main countries in these areas, including the U.S., China (CN), India (IN), Belgium (BE), and Germany (DE).

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