Nickel Alloys Market | Allegheny Technologies Incorporated, Ametek Inc., Aperam S.A., Carpenter Technology Corporation

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.

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Nickel Alloys Market Taxonomy

Based on function, the nickel alloys market is segmented into:

Corrosion-resistant alloys
Electronic alloys
Heat resistance alloys
High-performance alloys
Others
Based on the end user, the nickel alloys market is segmented into:

Aerospace & Defense
Aircraft Engines
Defense Equipment

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.

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In June 2019, Carpenter technology agreed to provide advanced soft magnetic expertise and ultra-efficient electrical components using the premium specialty alloys to the OEM’s for the electric aircraft aspirants. This would be used in R&D and demonstrator motors and engines, leading to construction of lighter-weight, longer-lasting electric propulsion systems.

In Jan 2019, AMETEK SMP Developed New Titanium Strip Products for Ground-Breaking Medical Applications. Two new grades were introduced by the company named grade 9 and 23 and were added to their product portfolio for the medical applications.

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