The global nickel alloy market is expected to reach USD 19,370,672.30 thousand by 2030 from USD 12,749,360.00 thousand in 2022, at a CAGR of 5.59% in the forecast period of 2023 to 2030.
Market Segmentation
Global Nickel Alloy Market, Product (Nickel-Chromium-Iron Alloys, Nickel-Chromium Alloys, Nickel-Chromium-Molybdenum Alloys, Wrought Nickel, Nickel-Chromium-Cobalt Alloys, Nickel-Copper Alloys, Nickel-Iron Alloys, Nickel-Molybdenum Alloys, and Nickel-Titanium Alloys), Form (Bars, Rods, Tubing, Plate, Sheets, Wire, Billets, Pipe, Ingots, Strips, Flanges, Balls, Angles, Pipe Fittings, Channels, Coils, and Forgings), Function (High Performance and Electronics Grade, Heat Resistant, and Corrosion Resistant), Application (Energy and Power, Aerospace and Defense, Chemical, Oil & Gas, Electrical and Electronics, Automotive, Others), Country (U.S., Canada, Mexico, Germany, U.K., Belgium, France, Russia, Italy, Spain, Netherlands, Turkey, Switzerland, Sweden, Denmark, Poland, Norway, Finland, Rest of Europe, China, Indonesia, Japan, India, Australia, South Korea, Philippines, Singapore, New Zealand, Malaysia, Thailand, Taiwan, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Israel, South Africa, Egypt, U.A.E., Saudi Arabia, Bahrain, Qatar, Kuwait, Oman, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030.
Overview of Global Nickel Alloy Market Dynamics
- Driver
- Increasing demand for lightweight material in aerospace
- Restraint
- Environmental and sustainability concerns regarding nickel
- Opportunity
- The increasing demand for nickel alloys in renewable energy
Market Players
Some of the major market players operating in the global nickel alloy market are:
- AMETEK, Inc.
- Polymet
- Ulbrich Stainless Steels and Special Metals Inc.
- NIPPON STEEL CORPORATION
- Acciaierie Valbruna S.p.a.
- Rolled Alloys Inc.
- JLC Electromet Pvt. Ltd.
- HAYNES INTERNATIONAL
- thyssenkrupp AG
- voestalpine AG
- Alloy Wire International
- Precision Castparts Corp. (a subsidiary of Berkshire Hathaway Inc.)
- Aperam
- ATI
- Sandvik AB
- CRS Holdings, LLC.
TABLE OF CONTENTS
1 INTRODUCTION 43
- 1.1 OBJECTIVES OF THE STUDY 43
- 1.2 MARKET DEFINITION 43
- 1.3 OVERVIEW OF THE GLOBAL NICKEL ALLOY MARKET 44
- 1.4 CURRENCY AND PRICING 45
- 1.5 LIMITATIONS 46
- 1.6 MARKETS COVERED 46
2 MARKET SEGMENTATION 50
- 2.1 MARKETS COVERED 50
- 2.2 YEARS CONSIDERED FOR THE STUDY 51
- 2.3 GEOGRAPHIC SCOPE 52
- 2.4 DBMR TRIPOD DATA VALIDATION MODEL 53
- 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 56
- 2.6 DBMR MARKET POSITION GRID 57
- 2.7 MARKET APPLICATION COVERAGE GRID 59
- 2.8 VENDOR SHARE ANALYSIS 60
- 2.9 MULTIVARIATE MODELLING 61
- 2.10 PRODUCT CURVE 62
- 2.11 SECONDARY SOURCES 63
- 2.12 ASSUMPTIONS 63
3 EXECUTIVE SUMMARY 64
4 PREMIUM INSIGHTS 69
- 4.1 RAW MATERIAL COVERAGE 70
- 4.2 PRODUCTION CONSUMPTION ANALYSIS 72
- 4.3 IMPORT-EXPORT SCENARIO 74
- 4.4 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 76
- 4.5 PORTER'S FIVE FORCES ANALYSIS 78
- 4.6 PESTEL ANALYSIS 79
- 4.7 AMMONIA OVERVIEW 80
- 4.8 VENDOR SELECTION CRITERIA 81
- 4.9 REGULATION COVERAGE 83
- 4.9.1 COUNTRY WISE REGULATION COVERAGE 84
5 CLIMATE CHANGE SCENARIO 86
- 5.1 ENVIRONMENTAL CONCERNS 86
- 5.2 INDUSTRY RESPONSE: 87
- 5.3 GOVERNMENT'S ROLE: 87
- 5.4 ANALYST RECOMMENDATIONS: 88
6 SUPPLY CHAIN ANALYSIS 89
- 6.1 OVERVIEW 89
- 6.2 LOGISTIC COST SCENARIO 89
- 6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS (LSPS) 91
7 MARKET OVERVIEW 92
- 7.1 DRIVERS 94
- 7.1.1 INCREASING DEMAND FOR LIGHTWEIGHT MATERIAL IN AEROSPACE 94
- 7.1.2 AVAILABILITY OF VARIOUS TYPES OF NICKEL ALLOYS IN THE MARKET 95
- 7.1.3 GROWING DEMAND FOR NICKEL ALLOYS IN THE OIL AND GAS INDUSTRY 96
- 7.1.4 INCREASING USAGE OF NICKEL ALLOYS IN THE INFRASTRUCTURE AND CONSTRUCTION 98
- 7.2 RESTRAINTS 99
- 7.2.1 ENVIRONMENTAL AND SUSTAINABILITY CONCERNS REGARDING NICKEL 99
- 7.2.2 VOLATILITY IN RAW MATERIAL PRICES 100
- 7.3 OPPORTUNITIES 101
- 7.3.1 GROWING USE OF NICKEL ALLOY IN ELECTRIC VEHICLES 101
- 7.3.2 INCREASING DEMAND FOR NICKEL ALLOYS IN RENEWABLE ENERGY 102
- 7.3.3 INCREASING PARTNERSHIP, ACQUISITION, AND COLLABORATION AMONGST MARKET PLAYERS 103
- 7.3.4 ADVANCEMENTS IN ADDITIVE MANUFACTURING 104
- 7.4 CHALLENGES 105
- 7.4.1 TRADE DISPUTES AMONG NATIONS AND TARIFFS RELATED TO NICKEL 105
- 7.4.2 AVAILABILITY OF SUBSTITUTE ALLOYS IN THE MARKET 106
8 GLOBAL NICKEL ALLOY MARKET, BY PRODUCT 108
- 8.1 OVERVIEW 109
- 8.2 NICKEL-CHROMIUM-IRON ALLOYS 111
- 8.3 NICKEL-CHROMIUM ALLOYS 112
- 8.4 NICKEL-CHROMIUM-MOLYBDENUM ALLOYS 113
- 8.5 WROUGHT NICKEL 114
- 8.6 NICKEL-CHROMIUM-COBALT ALLOYS 115
- 8.7 NICKEL-COPPER ALLOYS 116
- 8.8 NICKEL-IRON ALLOYS 117
- 8.9 NICKEL- MOLYBDENUM ALLOYS 118
- 8.10 NICKEL-TITANIUM ALLOYS 119
9 GLOBAL NICKEL ALLOY MARKET, BY FORM 121
- 9.1 OVERVIEW 122
- 9.2 BARS 123
- 9.3 RODS 123
- 9.4 TUBING 124
- 9.5 PLATE 125
- 9.6 SHEETS 125
- 9.7 WIRE 126
- 9.8 BILLETS 127
- 9.9 PIPE 127
- 9.10 INGOTS 128
- 9.11 STRIPS 129
- 9.12 FLANGES 130
- 9.13 BALLS 130
- 9.14 ANGLES 131
- 9.15 PIPE FITTINGS 132
- 9.16 CHANNELS 133
- 9.17 COILS 134
- 9.18 FORGINGS 134
10 GLOBAL NICKEL ALLOY MARKET, BY FUNCTION 136
- 10.1 OVERVIEW 137
- 10.2 HIGH PERFORMANCE AND ELECTRONICS GRADE 138
- 10.3 HEAT RESISTANT 139
- 10.4 CORROSION RESISTANT 139
11 GLOBAL NICKEL ALLOY MARKET, BY APPLICATION 141
- 11.1 OVERVIEW 142
- 11.2 ENERGY AND POWER 143
- 11.2.1 NICKEL-CHROMIUM-IRON ALLOYS 145
- 11.2.2 NICKEL-CHROMIUM ALLOYS 145
- 11.2.3 NICKEL-CHROMIUM-MOLYBDENUM ALLOYS 145
- 11.2.4 NICKEL-COPPER ALLOYS 145
- 11.2.5 NICKEL-CHROMIUM-COBALT ALLOYS 145
- 11.2.6 NICKEL-IRON ALLOYS 145
- 11.2.7 NICKEL-MOLYBDENUM ALLOYS 145
- 11.2.8 WROUGHT NICKEL 145
- 11.2.9 NICKEL-TITANIUM ALLOYS 145
- 11.3 AEROSPACE AND DEFENSE 146
- 11.3.1 NICKEL-CHROMIUM-IRON ALLOYS 147
- 11.3.2 NICKEL-CHROMIUM ALLOYS 147
- 11.3.3 NICKEL-CHROMIUM-MOLYBDENUM ALLOYS 147
- 11.3.4 NICKEL-CHROMIUM-COBALT ALLOYS 147
- 11.3.5 NICKEL-COPPER ALLOYS 148
- 11.3.6 NICKEL-IRON ALLOYS 148
- 11.3.7 NICKEL-MOLYBDENUM ALLOYS 148
- 11.3.8 WROUGHT NICKEL 148
- 11.3.9 NICKEL-TITANIUM ALLOYS 148
- 11.4 CHEMICAL 148
- 11.4.1 NICKEL-CHROMIUM-MOLYBDENUM ALLOYS 150
- 11.4.2 NICKEL-CHROMIUM ALLOYS 150
- 11.4.3 NICKEL-MOLYBDENUM ALLOYS 150
- 11.4.4 NICKEL-COPPER ALLOYS 150
- 11.4.5 WROUGHT NICKEL 150
- 11.4.6 NICKEL-CHROMIUM-IRON ALLOYS 150
- 11.4.7 NICKEL-CHROMIUM-COBALT ALLOYS 150
- 11.4.8 NICKEL-IRON ALLOYS 150
- 11.4.9 NICKEL-TITANIUM ALLOYS 150