Press release
How Nickel Alloy Market Will Dominate In Coming Years? Key Players: JLC Electromet Pvt. Ltd., Wanlutong Metal Group, VDM Metals Group, ATI (Allegheny Technologies Incorporated), Sandvik, Nippon Steel Corporation, Sumitomo Corporation, Beall Industry Group
For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/nickel-alloy-market-101320
Fortune Business Insights lists out some of the prominent companies operating in the nickel alloy market. They are as follows:
o VDM Metals Group
o JLC Electromet Pvt. Ltd.
o Beall Industry Group Co. Limited
o Sandvik
o Wanlutong Metal Group
o Rolled Alloys, Inc.
o Voestalpine AG
o ATI (Allegheny Technologies Incorporated)
o ArcelorMittal
o Nippon Steel Corporation
o HY Industry
o Haynes International
o Sumitomo Corporation
o EB Alloy
o ThyssenKrupp Materials NA
o Precision Castparts Corp
o Aperam
The report offers the current, historical, and projected market size based on both revenue (USD Billion) and volume (Kilotons). It highlights the nickel alloy market trends, key drivers, hindrances, regional analysis, and other related challenges. Combined with these, it consists of all the possible opportunities that are available in the market.
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Asia Pacific to Lead: Rising Number of Power Plants Will Favor Growth
The nickel alloy market is geographically fragmented into the Middle East & Africa, Asia Pacific, North America, Latin America, and Europe. Amongst them, Asia Pacific is anticipated to lead the market during the forthcoming period. The growth is attributable to a rise in the industrial activities in aerospace, marine, electronics, and chemical sectors. Moreover, the space sector is expanding rapidly in the emerging countries, such as Bangladesh, India, Japan, Vietnam, and China.
Combined with this, an increasing number of power plants in the region would boost the nickel alloy market size here.
Europe, North America, and the Middle East, on the other hand, are set to reform its oil and gas industry by using advanced technology and materials. Nickel alloy plays an important role in the modernization of this industry. Marine vessel and airplane manufacturers are using nickel-based superalloy for improving performance. The market in Europe and North America will grow exponentially owing to the presence of well-established aerospace and marine industry. Additionally, extensive research and development activities would also contribute to growth.
Key Market Driver - Increase in industrial demand for nickel
Key Market Restraint - Fluctuating prices of nickel
Renowned Companies & Universities Focus on Developing Innovative Products
Numerous key players that are present in the market are focusing on creating a strong brand presence, signing agreements, and conducting research and development activities to increase the nickel alloy market share. The players also consist of university students who are creating modern devices through various competitions. Below are two of the latest key developments that have occurred in the industry:
June 2019: A team of seniors belonging to the College of Engineers has recently developed an energy-efficient system. It is aimed at controlling the solar panels on CubeSats with the help of a nickel-titanium shape memory alloy. The team was a part of CASMART 3rd Student Design Challenge that took place in Germany. Their design held the first position by beating all the nine participating universities. The competition was held for undergrad and graduate students. They were instructed to create state-of-the-art technologies by using shape memory alloy. They had developed three separate mechanisms named Penny.
April 2019: Allegheny Technologies Inc. (ATI), a specialty metals company based in the U.S., announced that it has successfully extended its Long-Term Purchase Agreement (LTPA) with Rolls-Royce. It was done to provide rotating disc quality specialty materials for their Trent family. The agreement was extended until 2029. As per the officials of ATI, the long-standing relationship between both companies would support the development of next-generation jet engines.
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Key Segmental Overview:
1. By Composition
o Nickel-Copper
o Nickel-Molybdenum & Nickel-Chromium-Molybdenum
o Nickel-Silicon
o Nickel-Chromium
o Nickel-Chromium-Iron
o Nickel-Chromium-Cobalt
o Others
2. By End-Use Industry
o Aerospace & Defence
o Marine
o Power
o Chemical
o Oil and Gas
o Automotive
o Electronics
o Others
3. By Geography
o North America (USA and Canada)
o Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
o Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)
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Major Table of Content For Nickel Alloy Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Naphtha Market Analysis, Insights and Forecast, 2026
6. North America Naphtha Market Analysis, Insights and Forecast, 2026
7. Europe Naphtha Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Naphtha Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Naphtha Market Analysis, Insights and Forecast, 2026
10. Latin America Naphtha Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion
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Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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Contact Us
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APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
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