Nickel-containing materials assume a noteworthy part in our regular day to day existences – sustenance planning hardware, cell phones, restorative gear, transport, structures, and control era – the rundown is practically interminable. They are chosen in light of the fact that - contrasted and different materials - they offer better consumption resistance, better durability, better quality at high and low temperatures, and a scope of exceptional attractive and electronic properties.
Most critical are compounds of iron, nickel and chromium, of which stainless steels (as often as possible 8-12% nickel) are the biggest volume. Nickel based amalgams - like stainless steel however with higher nickel substance - are utilized for all the more requesting applications, for example, gas turbines and some synthetic plants.
As per the market research analysis by MarketsandMarkets, The nickel alloys market was estimated at USD 12.14 Billion in 2017 and is projected to reach USD 14.68 Billion by 2022, at a CAGR of 3.9% between 2017 and 2022. Increasing demand for nickel alloys from various end-use industries, such as aerospace & defense, oil & gas, chemical, pulp & paper, and energy is expected to drive the demand for nickel alloys during the forecast period.
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Among functions, the high performance alloys segment is projected to grow at the highest CAGR during the forecast period. High performance nickel alloys are designed to handle extreme corrosive and high pressure situations, and for this reason, this grade is widely used in the aerospace & defense industry and for oil & gas exploration activities. The growing oil & gas exploration activities along with the growing aerospace industry are expected to drive the growth of this segment during the forecast period.
The market research analysis categorizes the nickel alloys market based on functions, end-use industry, and region. It forecasts revenue as well as the trends in each of its submarkets.
The targeted regions for market analysis includes, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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As per the market research analysis by MarketsandMarkets, The nickel alloys market was estimated at USD 12.14 Billion in 2017 and is projected to reach USD 14.68 Billion by 2022, at a CAGR of 3.9% between 2017 and 2022. Increasing demand for nickel alloys from various end-use industries, such as aerospace & defense, oil & gas, chemical, pulp & paper, and energy is expected to drive the demand for nickel alloys during the forecast period.
To get brief idea of this research analysis click here
Among functions, the high performance alloys segment is projected to grow at the highest CAGR during the forecast period. High performance nickel alloys are designed to handle extreme corrosive and high pressure situations, and for this reason, this grade is widely used in the aerospace & defense industry and for oil & gas exploration activities. The growing oil & gas exploration activities along with the growing aerospace industry are expected to drive the growth of this segment during the forecast period.
The market research analysis categorizes the nickel alloys market based on functions, end-use industry, and region. It forecasts revenue as well as the trends in each of its submarkets.
The targeted regions for market analysis includes, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Get a Free Webinar on Nickel Alloys Market
