Los Angeles, CA -- (SBWIRE) -- 04/18/2019 -- Nickel based alloys have nickel as the balancing metal. They can be alloyed with iron, chromium and molybdenum and are used in the high end of the corrosion scale, e.g. in the most aggressive parts in flue gas desulfurization units and other demanding applications. Nickel based alloys present high corrosion resistance properties in severe conditions. These grades are mainly used for Oil & Gas, Chemical and Power industries.
In the last several years, global market of Nickel Base Alloy developed steady, with an average growth rate of 3%. In 2016, global production of Nickel Base Alloy was nearly 317 thousand MT; while it is expected to be 407 thousand MT in 2022.
Market competition is intense. SMC, ThyssenKrupp VDM, Carpenter, Imphy Alloys, Allegheny, Hitachi Metals, Nippon Yakin, Bao Steel and Sumitomo are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
The global Nickel Base Alloy market was 4970 million US$ in 2018 and is expected to 5660 million US$ by the end of 2025, growing at a CAGR of 1.6% between 2019 and 2025.
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This report studies the Nickel Base Alloy market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Nickel Base Alloy in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
SMC
ThyssenKrupp VDM
Carpenter
Imphy Alloys
Allegheny
Hitachi Metals
Nippon Yakin
Bao Steel
Sumitomo
Haynes
Daido Steel
Foroni
Sandvik
Deutsche
Bohler Edelstahl
Mitsubishi Material
Vacuumschmelze
JLC Electromet
Metallurgical Plant Electrostal
Fushun Special Steel
By the product type, the market is primarily split into
Long Type
Flat Type
By the end users/application, this report covers the following segments
Aerospace
Power Generation
Oil & Gas
Chemicals
Electronics
Others
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