Copper-Nickel Alloys Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Rods & Bars, Wires, Tubes, and Others) and Application (Chemical Processing, Marine, Power Generation, Oil & Gas, Automotive & Aerospace, and Others)

The scope of our recent study on the "Copper-Nickel Alloys Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Rods & Bars, Wires, Tubes, and Others) and Application (Chemical Processing, Marine, Power Generation, Oil & Gas, Automotive & Aerospace, and Others)" includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis. It also encompasses the identification of significant market players and their key developments.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1597/copper-nickel-alloys-market

The copper-nickel alloys market size is projected to grow from US$ 4,282.62 million in 2022 to US$ 5,989.37 million by 2028; it is expected to grow at a CAGR of 5.7% from 2022 to 2028.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1597/copper-nickel-alloys-market

Copper-nickel alloys have excellent corrosion resistance. Moreover, the formation of a protective oxide layer on the surface of alloys provides them resistance to macrofouling. These properties are driving the demand for copper-nickel alloys in the marine, offshore oil & gas, and power generation industries. Moreover, copper-nickel alloys have good ductility and weldability, which is driving their adoption in the automotive, aerospace, and chemical processing industries.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1597/copper-nickel-alloys-market

Based on product type, the global copper-nickel alloys market is segmented into rods & bars, wires, tubes, and others. The tubes segment is expected to register the fastest CAGR during the forecast period. The copper-nickel tubes are advantageous in low-temperature processing and storage equipment, and heat exchangers used at cryogenic plants. Significant properties of copper-nickel tubes comprise corrosion resistance, good tensile power, and outstanding ductility (when annealed), in addition to the inherent resistance to macrofouling. The copper-nickel tubes also exhibit thermal conductivity and expansion characteristics amenable for heat exchangers and condensers, good thermal conductivity and ductility at cryogenic temperatures, and antimicrobial touch surface properties.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1597/copper-nickel-alloys-market

The copper-nickel alloys market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest revenue share of the global market in 2021. Developed and developing economies in Asia Pacific, such as Japan, China, South Korea, and India, are among the biggest consumers of copper-nickel alloys. To meet the increasing energy demand, various countries in the region are building power plants. For instance, the Government of India has plans of building 10 nuclear power plants by 2024. Moreover, in 2021, the Asian Development Bank (ADB) approved a new energy policy promoting low carbon transition in Asia Pacific while supporting universal access to inclusive, reliable, and affordable energy services. Moreover, as copper-nickel alloys can be used in steam turbine condensers, oil coolers, auxiliary cooling systems, and high-pressure pre-heaters employed in thermal, nuclear, and fossil fuel power plants. Thus, a surge in investments in renewable energy projects is expected to boost the demand for copper-nickel alloys in Asia Pacific.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1597/copper-nickel-alloys-market

Impact of COVID-19 Pandemic on Copper-Nickel Alloys Market

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1597/copper-nickel-alloys-market

Governments of various countries took several possible steps to restrict the spread of SARS-CoV-2 by announcing country-wide lockdowns, which directly impacted the growth of industrial sectors. Many oil & gas and chemical processing industries faced challenges procuring raw materials such as copper-nickel alloys. Moreover, supply constraints significantly raised the cost of such raw materials. The COVID-19 pandemic had significantly impacted manufacturing industries across the world, with a huge decline in the production process. However, the market has been gradually recovering due to the rising demand for copper-nickel alloys in the industrial sector and further driving the copper-nickel alloys market growth.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1597/copper-nickel-alloys-market

Copper-Nickel Alloys Market Breakdown - by Region

The report includes the segmentation of the global copper-nickel alloys market as follows:

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1597/copper-nickel-alloys-market

The copper-nickel alloys market, by product type, is segmented into rods & bars, wires, tubes, and others. In terms of application, the market is segmented into chemical processing, marine, power generation, oil & gas, automotive & aerospace, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The copper-nickel alloys market in North America is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific copper-nickel alloys market is divided into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The South & Central America market is segmented into Brazil, Argentina, and the Rest of South & Central America.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1597/copper-nickel-alloys-market

Thinking Caps Market Reports
Bangalore, India
Sayantan Paul
CEO and Founder
+1 800 257 6445
connect@thinkingcapsrc.com

Thinking Caps is a research powerhouse dedicated towards making your business decisions easier, faster and cost effective.

Equipped with a multi-publisher dynamic repository of readily available syndicate industry reports, Thinking Caps helps you maximize RoI through incisive insights, credible data analysis, updated company information, and the opportunity to expand your horizon through additional bespoke research. We help you take tangible decisions positively impacting your business growth.

This release was published on openPR.