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

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Date: 19-Jul-2017
No. of pages: 164
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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.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered in the Report
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Nickel Alloys Market
4.2 Nickel Alloys Market, By Region
4.3 Nickel Alloys Market, By Function & End-Use Industry
4.4 Nickel Alloys Market, By Country
4.5 Nickel Alloys Market, By End-Use Industry

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand From Aerospace & Defense Industry
5.2.2 Restraints
5.2.2.1 Rising Cost of Raw Materials
5.2.3 Opportunities
5.2.3.1 Increase in Offshore Spending and Potential of New Oilfield Discovery
5.2.4 Challenges
5.2.4.1 Reducing Greenhouse Gas Emissions
5.3 Economic Indicators
5.3.1 Trends and Forecast of GDP
5.4 Industry Outlook
5.4.1 Oil & Gas Industry
5.4.2 Chemical & Petrochemical
5.4.3 Power Generation
5.4.4 Automotive
5.4.5 Aerospace

6 Nickel Alloys Market, By Function
6.1 Introduction
6.2 High Performance Alloys
6.3 Corrosion Resistant Alloys
6.4 Electronic Alloys
6.5 Heat Resistant Alloys

7 Nickel Alloys Market, By End-Use Industry
7.1 Introduction
7.2 Aerospace & Defense
7.2.1 Aircraft Engines
7.2.2 Defense Equipment
7.3 Chemical
7.3.1 Chemical Reactors
7.3.2 Heat Exchangers
7.3.3 Pressure Vessels
7.3.4 Others
7.4 Oil & Gas
7.4.1 Pipeline
7.4.2 Separators
7.4.3 Scrubbers
7.4.4 Pumps
7.4.5 Others
7.5 Electrical & Electronics
7.5.1 Precision Measurement Instruments
7.5.2 Electrical & Electronic Device and Components
7.6 Energy & Power
7.6.1 Nuclear Power Plant Components
7.6.2 Power Plants Components
7.7 Automotive
7.7.1 Exhaust Valves
7.7.2 Turbocharger
7.7.3 Other Parts and Components
7.8 Others

8 Regional Analysis
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 Italy
8.3.3 France
8.3.4 The Netherlands
8.3.5 Belgium
8.3.6 UK
8.3.7 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 India
8.4.5 Indonesia
8.4.6 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of Latin America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 South Africa
8.6.4 Rest of Middle East & Africa

9 Competitive Landscape
9.1 Introduction
9.1.1 Visionary Leaders
9.1.2 Innovators
9.1.3 Dynamic Differentiators
9.1.4 Emerging Companies
9.2 Competitive Benchmarking
9.2.1 Strength of Product Portfolio
9.2.2 Business Strategy Excellence
9.3 Market Ranking

10 Company Profiles
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
10.1 Precision Castparts Corporation
10.2 VDM Metals GmbH
10.3 Aperam S.A.
10.4 Allegheny Technologies Incorporated
10.5 Carpenter Technology Corporation
10.6 Sandvik Materials Technology Ab
10.7 Haynes International Inc.
10.8 Thyssenkrupp AG
10.9 Voestalpine AG
10.10 Kennametal Inc.
10.11 Ametek Inc.
10.12 Other Key Players in the Nickel Alloys Market
10.12.1 Alloy Wire International
10.12.2 Rolled Alloys Inc.
10.12.3 Valbruna Stainless Inc.
10.12.4 Cogne Acciai Speciali S.P.A.
10.12.5 Aerospace Alloys Inc.
10.12.6 Foroni S.P.A.
10.12.7 Erasteel
10.12.8 Columbia Metals Ltd.
10.12.9 Neonickel
10.12.10 Sanyo Special Steel Co., Ltd.
10.12.11 JLC Electromet Pvt. Ltd.
10.12.12 WaLLColmonoy Corporation
10.12.13 Universal Stainless & Alloy Products Inc.
10.12.14 Multi Alloys Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details

List of Tables

Table 1 Nickel Alloys Market Snapshot
Table 2 Trends and Forecast of GDP, USD Billion (2015–2022)
Table 3 World Nickel Production and Proven Reserves, 2017 (Tons)
Table 4 Production of Automobiles, By Country, 2016
Table 5 Aircraft Deliveries, By Airplane Size &Region
Table 6 Nickel Alloys Market, By Function, 2015–2022 (Kilotons)
Table 7 Nickel Alloys Market, By Function, 2015–2022 (USD Million)
Table 8 Nickel Alloys Market, By End-Use Industry, 2015–2022 (Kilotons)
Table 9 Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 10 Nickel Alloys Market for Aerospace & Defense, By Region, 2015–2022 (Tons)
Table 11 Nickel Alloys Market for Aerospace & Defense, By Region, 2015–2022 (USD Million)
Table 12 Nickel Alloys Market for Chemical, By Region, 2015–2022 (Tons)
Table 13 Nickel Alloys Market for Chemical, By Region, 2015–2022 (USD Million)
Table 14 Nickel Alloys Market for Oil & Gas, By Region, 2015–2022 (Tons)
Table 15 Nickel Alloys Market for Oil & Gas, By Region, 2015–2022 (USD Million)
Table 16 Nickel Alloys Market for Electrical & Electronic, By Region, 2015–2022 (Tons)
Table 17 Nickel Alloys Market for Electrical & Electronic, By Region, 2015–2022 (USD Million)
Table 18 Nickel Alloys Market for Energy & Power, By Region, 2015–2022 (Tons)
Table 19 Nickel Alloys Market for Energy & Power, By Region, 2015–2022 (USD Million)
Table 20 Nickel Alloys Market for Automotive, By Region, 2015–2022 (Tons)
Table 21 Nickel Alloys Market for Automotive, By Region, 2015–2022 (USD Million)
Table 22 Nickel Alloys Market in Others, By Region, 2015–2022 (Tons)
Table 23 Nickel Alloys Market in Others, By Region, 2015–2022 (USD Million)
Table 24 Nickel Alloys Market, By Region, 2015–2022 (Kilotons)
Table 25 Nickel Alloys Market, By Region, 2015–2022 (USD Million)
Table 26 North America Nickel Alloys Market, By Country, 2015-2022 (Kilotons)
Table 27 North America Nickel Alloys Market, By Country, 2015-2022 (USD Million)
Table 28 North America Nickel Alloys Market, By End-Use Industry, 2015-2022 (Kilotons)
Table 29 North America Nickel Alloys Market, By End-Use Industry, 2015-2022 (USD Million)
Table 30 US: Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 31 US: Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 32 Canada Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 33 Canada Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 34 Mexico Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 35 Mexico Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 36 Europe Nickel Alloys Market, By Country, 2015-2022 (Kilotons)
Table 37 Europe Nickel Alloys Market, By Country, 2015-2022 (USD Million)
Table 38 Europe Nickel Alloys Market, By End-Use Industry, 2015-2022 (Kilotons)
Table 39 Europe Nickel Alloys Market, By End-Use Industry, 2015-2022 (USD Million)
Table 40 Germany Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 41 Germany Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 42 Italy Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 43 Italy Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 44 France Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 45 France Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 46 The Netherlands Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 47 The Netherlands Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 48 Belgium Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 49 Belgium Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 50 UK Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 51 U.K. Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 52 Rest of Europe Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 53 Rest of Europe Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 54 Asia Pacific Nickel Alloys Market, By Country, 2015-2022 (Kilotons)
Table 55 Asia Pacific Nickel Alloys Market, By Country, 2015-2022 (USD Million)
Table 56 Asia Pacific Nickel Alloys Market, By End-Use Industry, 2015-2022 (Kilotons)
Table 57 Asia Pacific Nickel Alloys Market, By End-Use Industry, 2015-2022 (USD Million)
Table 58 China Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 59 China Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 60 Japan Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 61 Japan Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 62 South Korea Nickel Alloys Market, By End-Use Industry, 2015–2022 (Kilotons)
Table 63 South Korea Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 64 India Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 65 India Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 66 Indonesia Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 67 Indonesia Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 68 Rest of Asia Pacific Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 69 Rest of Asia Pacific Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 70 Latin America Nickel Alloys Market, By Country, 2015-2022 (Kilotons)
Table 71 Latin America Nickel Alloys Market, By Country, 2015-2022 (USD Million)
Table 72 Latin America Nickel Alloys Market, By End-Use Industry, 2015-2022 (Tons)
Table 73 Latin America Nickel Alloys Market, By End-Use Industry, 2015-2022 (USD Million)
Table 74 Brazil Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 75 Brazil Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 76 Argentina Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 77 Argentina Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 78 Rest of Latin America Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 79 Rest of Latin America Nickel Alloys Market, By End-Use Industry, 2014–2021 (USD Million)
Table 80 Middle East & Africa Nickel Alloys Market, By Country, 2015-2022 (Tons)
Table 81 Middle East & Africa Nickel Alloys Market, By Country, 2015-2022 (USD Million)
Table 82 Middle East & Africa Nickel Alloys Market, By End-Use Industry, 2015-2022 (Tons)
Table 83 Middle East & Africa Nickel Alloys Market, By End-Use Industry, 2014-2021 (USD Million)
Table 84 Saudi Arabia Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 85 Saudi Arabia Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 86 UAE Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 87 UAE Nickel Alloys Market, By End-Use Industry, 2014–2021 (USD Million)
Table 88 South Africa Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 89 South Africa Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)
Table 90 Rest of Middle East & Africa Nickel Alloys Market, By End-Use Industry, 2015–2022 (Tons)
Table 91 Rest of Middle East & Africa Nickel Alloys Market, By End-Use Industry, 2015–2022 (USD Million)

List of Figures

Figure 1 Nickel Alloys Market Segmentation
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 High Performance Alloys Segment is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 7 Aerospace & Defense is Estimated to Be the Largest Segment During the Forecast Period
Figure 8 Nickel Alloys Market in Asia Pacific is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 9 Increasing Demand From Various End-Use Industries is Projected to Fuel the Growth of the Nickel Alloys Market From 2017 to 2022
Figure 10 Nickel Alloys Market in Asia Pacific is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 High Performance Alloys and Aerospace & Defense Segments Estimated to Account for the Largest Share of the Nickel Alloys Market in 2017
Figure 12 Nickel Alloys Market in China is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 13 North America Expected to Have Largest Share Across All End-Use Industry
Figure 14 Drivers, Restraints, Opportunities, and Challenges for the Nickel Alloys Market
Figure 15 Oil Production, By Region, 2014-2015
Figure 16 World Energy Consumption, 2011-2015
Figure 17 High Performance Alloys is Estimated to Be the Largest Segment of the Nickel Alloys Market From 2017 to 2022
Figure 18 Aerospace & Defense is Estimated to Be the Largest Segment of the Nickel Alloys Market During the Forecast Period
Figure 19 Asia Pacific is Estimated to Be the Fastest-Growing Market for Aerospace & Defense Industry Segment From 2017 to 2022
Figure 20 Asia Pacific to Be the Fastest Growing Market for Nickel Alloy in Chemical Segment
Figure 21 Asia Pacific to Be the Fastest Growing Market for Nickel Alloy in Oil & Gas Segment
Figure 22 Asia Pacific to Be the Fastest Growing Market for Nickel Alloy in Electrical & Electronic Segment
Figure 23 Asia Pacific to Be the Fastest Growing Market for Nickel Alloy in Energy & Power Segment
Figure 24 Asia Pacific to Be the Fastest Growing Market for Nickel Alloy in Automotive Segment
Figure 25 Asia Pacific to Be the Fastest Growing Market for Nickel Alloy in Others End-Use Industry Segment
Figure 26 Nickel Alloys Market Share, By Region, 2017
Figure 27 North America Nickel Alloys Market Snapshot
Figure 28 Europe Nickel Alloys Market Snapshot
Figure 29 Asia Pacific Nickel Alloys Market Snapshot
Figure 30 Latin America Nickel Alloys Market Snapshot
Figure 31 Middle East & Africa Nickel Alloys Market Snapshot
Figure 32 Competitive Leadership Mapping, 2016
Figure 33 Precision Castparts Corporation (U.S.) is the Leading Player in the Nickel Alloys Market
Figure 34 Precision Castparts Corporation: Company Snapshot
Figure 35 Aperam S.A.: Company Snapshot
Figure 36 Allegheny Technologies Incorporated: Company Snapshot
Figure 37 Carpenter Technology Corporation: Company Snapshot
Figure 38 Sandvik Materials Technology AB: Company Snapshot
Figure 39 Haynes International Inc.: Company Snapshot
Figure 40 Thyssenkrupp AG: Company Snapshot
Figure 41 Voestalpine AG: Company Snapshot
Figure 42 Kennametal Inc.: Company Snapshot
Figure 43 Ametek Inc.: Company Snapshot

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