Copper-Nickel Alloys Market Industry Analysis, Size, Share, Growth, Trend And Forecast 2028

"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.

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.

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Some Of the Major Players Influencing are Corrotherm International Ltd, Fisk Alloy Inc, Lebronze Alloys SAS, Materion Corp, Aesteiron Steels LLP, Columbia Metals Ltd, American Elements Inc, Hexion Steel Ltd, Aviva Metals Inc, and Kalikund Steel and Engg Co are among the major players operating in the global copper-nickel alloys market. Companies in the market focus on strategies such as research and development investments and new product launches. Such strategic development initiatives by key market players are further anticipated to drive market growth in the future.
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.

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.

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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.

Impact of COVID-19 Pandemic on 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.

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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.

Table Of Contents
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Copper-Nickel Alloys Market, by Product Type
1.3.2 Copper-Nickel Alloys Market, by Application
1.3.3 Copper-Nickel Alloys Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Copper-Nickel Alloys Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Copper-Nickel Alloys Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Widespread Applications of Copper-Nickel Alloys
5.1.2 Extensive Usage of Copper-Nickel Alloys in Marine Industry
5.2 Market Restraints
5.2.1 High Cost of Copper-Nickel Alloys
5.3 Market Opportunities
5.3.1 Presence of Large Desalination Plants in Middle East & Africa
5.4 Future Trends
5.4.1 Surge in the Adoption of Copper-Nickel Alloys in Renewable Energy Projects
5.5 Impact Analysis
6. Copper-Nickel Alloys - Global Market Analysis
6.1 Copper-Nickel Alloys Market Overview
6.2 Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
6.3 Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
6.4 Competitive Positioning - Key Market Players
Continued…...!

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