Market Research Logo

Nickel Alloys Market by Function (Corrosion Resistant, Heat Resistant, High Performance, Electronic Alloys), End-Use Industry (Aerospace & Defense, Oil & Gas, Chemical, Energy & Power), and Region - Global Forecast to 2022

Nickel Alloys Market by Function (Corrosion Resistant, Heat Resistant, High Performance, Electronic Alloys), End-Use Industry (Aerospace & Defense, Oil & Gas, Chemical, Energy & Power), and Region - Global Forecast to 2022

The nickel alloys market is projected to reach USD 14.68 billion by 2022
The nickel alloys market is 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. Factors such as higher corrosion resistance properties, and growing demand from the aerospace & defense, and oil & gas industries are driving the nickel alloys market. Rising demand for nickel alloys from Europe and Asia Pacific regions is also expected to drive the market. The major restraint in the nickel alloys market is the rising cost of raw materials used to manufacture nickel alloys.

The high performance alloy segment is expected to witness the highest growth from 2017 to 2022
Based on function, the high performance alloys segment is expected to witness the highest growth in the nickel alloys market, amongst other functions such as corrosion resistant, heat resistant, and electronic alloy. The growth of this segment can be attributed to the fact that high performance nickel alloys is a highly alloyed material designed for use in aggressive environments. It is designed to handle extreme environments, such as highly corrosive conditions and pressures encountered in aerospace engine turbines and at great depths in oil and gas fields. Growing oil and gas exploration around the world is one of the major factors in the growth of the high performance nickel alloys market.

The aerospace & defense segment is projected to be the largest segment in the nickel alloys market
Based on end-use industry, the nickel alloys market has been segmented into aerospace & defense, oil & gas, chemical, electrical & electronics, energy & power, and automotive, among others. The aerospace & defense segment is projected to be the largest segment from 2017-2022, due to the increasing use of nickel alloy based products in aerospace engine manufacture and various other components in the aerospace & defense industry. Increasing use of nickel alloys and their components in aircraft engines is fueling the demand for nickel alloys. Oil & gas is also a major industry utilizing nickel alloys, and the increasing use of nickel alloys in various oil & gas applications, specifically deep sea explorations, is fueling the growth of the nickel alloys market.

The market in the Asia Pacific projected to witness highest growth during the forecast period
The Asia Pacific nickel alloys market is projected to witness the highest growth between 2017 and 2022. The region is a major consumer of nickel alloys, which are used in varied end-use industries, such as oil & gas, aerospace, automotive, chemical process, power, and marine, among other industries. The demand for nickel alloys is increasing in various countries in the Asia Pacific region such as Japan, China, India, and South Korea, among others.

Breakdown of profile of primary participants:
• By Company Type: Tier 1 – 12%, Tier 2 – 38%, and Tier 3 – 50%
• By Designation: C Level – 25%, Director Level – 12%, and Others – 63%
• By Region: Europe – 17%, Asia Pacific – 25%, North America – 25%, and Others –33%

Major companies profiled in this report include VDM Metals (Germany), Aperam S.A. (Luxembourg), Sandvik Materials Technology AB (Sweden), Allegheny Technologies Incorporated (US), Carpenter Technology Corporation (US), ThyssenKrupp AG (Germany), Haynes International Inc. (US), Precision Castparts Corporation (US), Voestalpine AG (Austria), and Rolled Alloys Inc. (US), among others.

Research Coverage
This report offers an overview of market trends, drivers, and challenges with respect to the nickel alloys market. It also provides a detailed overview of the market across five regions, namely, Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. The report categorizes the nickel alloys market based on function, end-use industry, and region. A detailed analysis of leading players, along with key growth strategies adopted by them, is also covered in the report.

Reasons to buy the report
This report covers the following key aspects:
• The market size by 2022 and the growth rate
• The key market trends
• The factors expected to drive the growth of the market
• The challenges that impact market growth
• The key players in this market
• This global report covers key regions, such as North America, Europe, and Asia Pacific, including major countries in these regions, such as the U.S., China, India, Belgium, and Germany.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED IN THE REPORT
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table NICKEL ALLOYS MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE NICKEL ALLOYS MARKET
    • NICKEL ALLOYS MARKET, BY REGION
    • NICKEL ALLOYS MARKET, BY FUNCTION & END-USE INDUSTRY
    • NICKEL ALLOYS MARKET, BY COUNTRY
    • NICKEL ALLOYS MARKET, BY END-USE INDUSTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • ECONOMIC INDICATORS
      • TRENDS AND FORECAST OF GDP
        • Table TRENDS AND FORECAST OF GDP, USD BILLION (2015-2022)
        • Table WORLD NICKEL PRODUCTION AND PROVEN RESERVES, 2017 (TONS)
    • INDUSTRY OUTLOOK
      • OIL & GAS INDUSTRY
      • CHEMICAL & PETROCHEMICAL
      • POWER GENERATION
      • AUTOMOTIVE
        • Table PRODUCTION OF AUTOMOBILES, BY COUNTRY, 2016
      • AEROSPACE
        • Table AIRCRAFT DELIVERIES, BY AIRPLANE SIZE ®ION
  • NICKEL ALLOYS MARKET, BY FUNCTION
    • INTRODUCTION
      • Table NICKEL ALLOYS MARKET, BY FUNCTION, 2015-2022 (KILOTONS)
      • Table NICKEL ALLOYS MARKET, BY FUNCTION, 2015-2022 (USD MILLION)
    • HIGH PERFORMANCE ALLOYS
    • CORROSION RESISTANT ALLOYS
    • ELECTRONIC ALLOYS
    • HEAT RESISTANT ALLOYS
  • NICKEL ALLOYS MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (KILOTONS)
      • Table NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
    • AEROSPACE & DEFENSE
      • AIRCRAFT ENGINES
      • DEFENSE EQUIPMENT
        • Table NICKEL ALLOYS MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2015-2022 (TONS)
        • Table NICKEL ALLOYS MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2015-2022 (USD MILLION)
    • CHEMICAL
      • CHEMICAL REACTORS
      • HEAT EXCHANGERS
      • PRESSURE VESSELS
      • OTHERS
        • Table NICKEL ALLOYS MARKET FOR CHEMICAL, BY REGION, 2015-2022 (TONS)
        • Table NICKEL ALLOYS MARKET FOR CHEMICAL, BY REGION, 2015-2022 (USD MILLION)
    • OIL & GAS
      • PIPELINE
      • SEPARATORS
      • SCRUBBERS
      • PUMPS
      • OTHERS
        • Table NICKEL ALLOYS MARKET FOR OIL & GAS, BY REGION, 2015-2022 (TONS)
        • Table NICKEL ALLOYS MARKET FOR OIL & GAS, BY REGION, 2015-2022 (USD MILLION)
    • ELECTRICAL & ELECTRONICS
      • PRECISION MEASUREMENT INSTRUMENTS
      • ELECTRICAL & ELECTRONIC DEVICE AND COMPONENTS
        • Table NICKEL ALLOYS MARKET FOR ELECTRICAL & ELECTRONIC, BY REGION, 2015-2022 (TONS)
        • Table NICKEL ALLOYS MARKET FOR ELECTRICAL & ELECTRONIC, BY REGION, 2015-2022 (USD MILLION)
    • ENERGY & POWER
      • NUCLEAR POWER PLANT COMPONENTS
      • POWER PLANTS COMPONENTS
        • Table NICKEL ALLOYS MARKET FOR ENERGY & POWER, BY REGION, 2015-2022 (TONS)
        • Table NICKEL ALLOYS MARKET FOR ENERGY & POWER, BY REGION, 2015-2022 (USD MILLION)
    • AUTOMOTIVE
      • EXHAUST VALVES
      • TURBOCHARGER
      • OTHER PARTS AND COMPONENTS
        • Table NICKEL ALLOYS MARKET FOR AUTOMOTIVE, BY REGION, 2015-2022 (TONS)
        • Table NICKEL ALLOYS MARKET FOR AUTOMOTIVE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table NICKEL ALLOYS MARKET IN OTHERS, BY REGION, 2015-2022 (TONS)
      • Table NICKEL ALLOYS MARKET IN OTHERS, BY REGION, 2015-2022 (USD MILLION)
  • REGIONAL ANALYSIS
    • INTRODUCTION
      • Table NICKEL ALLOYS MARKET, BY REGION, 2015-2022 (KILOTONS)
      • Table NICKEL ALLOYS MARKET, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (KILOTONS)
      • Table NORTH AMERICA NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (KILOTONS)
      • Table NORTH AMERICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • US
        • Table US: NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table US: NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • CANADA
        • Table CANADA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table CANADA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • MEXICO
        • Table MEXICO NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table MEXICO NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (KILOTONS)
      • Table EUROPE NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table EUROPE NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (KILOTONS)
      • Table EUROPE NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • GERMANY
        • Table GERMANY NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table GERMANY NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • ITALY
        • Table ITALY NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table ITALY NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • FRANCE
        • Table FRANCE NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table FRANCE NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • THE NETHERLANDS
        • Table THE NETHERLANDS NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table THE NETHERLANDS NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • BELGIUM
        • Table BELGIUM NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table BELGIUM NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • UK
        • Table UK NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table U.K. NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table REST OF EUROPE NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (KILOTONS)
      • Table ASIA PACIFIC NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (KILOTONS)
      • Table ASIA PACIFIC NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • CHINA
        • Table CHINA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table CHINA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • JAPAN
        • Table JAPAN NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table JAPAN NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (KILOTONS)
        • Table SOUTH KOREA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • INDIA
        • Table INDIA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table INDIA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • INDONESIA
        • Table INDONESIA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table INDONESIA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table REST OF ASIA PACIFIC NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (KILOTONS)
      • Table LATIN AMERICA NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
      • Table LATIN AMERICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • BRAZIL
        • Table BRAZIL NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table BRAZIL NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table ARGENTINA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • REST OF LATIN AMERICA
        • Table REST OF LATIN AMERICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table REST OF LATIN AMERICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (TONS)
      • Table MIDDLE EAST & AFRICA NICKEL ALLOYS MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
      • Table MIDDLE EAST & AFRICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table SAUDI ARABIA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • UAE
        • Table UAE NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table UAE NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2014-2021 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table SOUTH AFRICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (TONS)
        • Table REST OF MIDDLE EAST & AFRICA NICKEL ALLOYS MARKET, BY END-USE INDUSTRY, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • MARKET RANKING
  • COMPANY PROFILES
    • PRECISION CASTPARTS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • VDM METALS GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • APERAM S.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • ALLEGHENY TECHNOLOGIES INCORPORATED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • CARPENTER TECHNOLOGY CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SANDVIK MATERIALS TECHNOLOGY AB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HAYNES INTERNATIONAL INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • THYSSENKRUPP AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • VOESTALPINE AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • KENNAMETAL INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • AMETEK INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • OTHER KEY PLAYERS IN THE NICKEL ALLOYS MARKET
      • ALLOY WIRE INTERNATIONAL
      • ROLLED ALLOYS INC.
      • VALBRUNA STAINLESS INC.
      • COGNE ACCIAI SPECIALI S.P.A.
      • AEROSPACE ALLOYS INC.
      • FORONI S.P.A.
      • ERASTEEL
      • COLUMBIA METALS LTD.
      • NEONICKEL
      • SANYO SPECIAL STEEL CO., LTD.
      • JLC ELECTROMET PVT. LTD.
      • WALLCOLMONOY CORPORATION
      • UNIVERSAL STAINLESS & ALLOY PRODUCTS INC.
      • MULTI ALLOYS LTD.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report