Market Overview:
The global iron-nickel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for nickel in various applications such as resistors, home appliances, and industrial applications. In terms of type, round wire accounted for the majority share of the global iron-nickel market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to its high demand from various end-use industries owing to its properties such as low resistance and good electrical conductivity.
Product Definition:
Iron-Nickel is a metallic alloy made of the elements iron and nickel. It has a very high melting point and is resistant to corrosion, making it useful for construction and manufacturing. Iron-Nickel alloys are also used in coins, jewelry, and other decorative objects.
Round Wire:
Round wire is a type of electrical conductor with round cross-section. It consists of a solid core wrapped with an insulation layer in the shape of a wire. The most common types are AWG 26 (0.8mm), 28 (1.6mm), and 32 (3 mm).
Flat Wire:
Flat wire is an alloy of iron, nickel and sometimes other metals such as copper. It has a rectangular cross-section and is generally used in electric irons, appliances and magnetic wires. The electrical resistance of flat wire varies from one type to another; the higher the value, the greater will be the heat generated by electricity passing through it.
Application Insights:
The home appliances segment accounted for a revenue share of more than 30% in 2017. The increasing use of nickel and its alloys in the manufacturing of home appliances, such as refrigerators, microwave ovens, water heaters is expected to drive the demand over the forecast period.
Industrial application includes applications such as chemical processing and steel making where iron-nickel alloys are used for improving various properties including strength and wear resistance. The growing industrial sector across developing economies is anticipated to provide ample opportunities for market growth over the coming years.
Resistors are used in electronic circuits for signal amplification or reduction along with other functions like power supply regulation among others which makes them an essential component in modern electronics devices.
Regional Analysis:
Asia Pacific dominated the global iron-nickel market in 2016 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Wuxi Molybdenum Co., Ltd, NITCO, and Hindustan Copper Limited (HCL) in China has resulted in high demand for the product from end-use industries such as electronics, power & energy, automotive.
China is projected to be one of the major consumers of iron-nickel on account of rapid industrialization along with a growing population coupled with increasing per capita income levels will result into higher domestic consumption. Furthermore Iron-Nickel's main raw material Nickel has been mined mostly from within China which further drives its demand owing to low cost advantage over other metal alternatives.
Europe was estimated at USD X million in 2016.
Growth Factors:
- Growing demand from the automotive and aerospace industries as a result of increasing production and rising consumer spending.
- Increasing use of nickel in batteries due to its high energy density and environmental friendliness.
- Rising demand for stainless steel in construction and other end-use industries owing to its corrosion resistance properties.
- Limited supply of nickel ore as a result of declining production from major mining countries such as Indonesia, Philippines, and Canada .
Scope Of The Report
Report Attributes
Report Details
Report Title
Iron-Nickel Market Research Report
By Type
Round Wire, Flat Wire, Square Wire, Bars, Shaped Profiles
By Application
Resistors, Home Appliances, Industrial
By Companies
Deutsche Nickel GmbH, Alloy Wire International, VZPS, Sandvik, Tokyo Resistance Wire, Jiangsu Huaxin Alloy, Changshu Electric Heating
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Iron-Nickel Market Report Segments:
The global Iron-Nickel market is segmented on the basis of:
Types
Round Wire, Flat Wire, Square Wire, Bars, Shaped Profiles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Resistors, Home Appliances, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Deutsche Nickel GmbH
- Alloy Wire International
- VZPS
- Sandvik
- Tokyo Resistance Wire
- Jiangsu Huaxin Alloy
- Changshu Electric Heating
Highlights of The Iron-Nickel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Round Wire
- Flat Wire
- Square Wire
- Bars
- Shaped Profiles
- By Application:
- Resistors
- Home Appliances
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Iron-Nickel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Iron-nickel is a alloy of iron and nickel. It has a higher melting point than either iron or nickel, making it ideal for use in high temperature applications.
Some of the major players in the iron-nickel market are Deutsche Nickel GmbH, Alloy Wire International, VZPS, Sandvik, Tokyo Resistance Wire, Jiangsu Huaxin Alloy, Changshu Electric Heating.
The iron-nickel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Iron-Nickel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Iron-Nickel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Iron-Nickel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Iron-Nickel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Iron-Nickel Market Size & Forecast, 2020-2028
4.5.1 Iron-Nickel Market Size and Y-o-Y Growth
4.5.2 Iron-Nickel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Round Wire
5.2.2 Flat Wire
5.2.3 Square Wire
5.2.4 Bars
5.2.5 Shaped Profiles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Resistors
6.2.2 Home Appliances
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Iron-Nickel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Iron-Nickel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Round Wire
9.6.2 Flat Wire
9.6.3 Square Wire
9.6.4 Bars
9.6.5 Shaped Profiles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Resistors
9.10.2 Home Appliances
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Round Wire
10.6.2 Flat Wire
10.6.3 Square Wire
10.6.4 Bars
10.6.5 Shaped Profiles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Resistors
10.10.2 Home Appliances
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Round Wire
11.6.2 Flat Wire
11.6.3 Square Wire
11.6.4 Bars
11.6.5 Shaped Profiles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Resistors
11.10.2 Home Appliances
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Round Wire
12.6.2 Flat Wire
12.6.3 Square Wire
12.6.4 Bars
12.6.5 Shaped Profiles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Resistors
12.10.2 Home Appliances
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Round Wire
13.6.2 Flat Wire
13.6.3 Square Wire
13.6.4 Bars
13.6.5 Shaped Profiles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Resistors
13.10.2 Home Appliances
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Iron-Nickel Market: Competitive Dashboard
14.2 Global Iron-Nickel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Deutsche Nickel GmbH
14.3.2 Alloy Wire International
14.3.3 VZPS
14.3.4 Sandvik
14.3.5 Tokyo Resistance Wire
14.3.6 Jiangsu Huaxin Alloy
14.3.7 Changshu Electric Heating
