Market Overview:
The global nickel-chromium alloy wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for nickel-chromium alloy wires from various applications, such as resistors, home appliances, and industrial applications. In terms of volume, the resistor segment is projected to account for the largest share of the global nickel-chromium alloy wire market during the forecast period. This can be attributed to factors such as miniaturization in electronic devices and an increase in demand for high-power resistors.
Product Definition:
Nickel-chromium alloy wire is a type of alloy that contains nickel and chromium. It is often used in electrical applications, as it has good resistance to heat and corrosion.
Round Wire:
Round wire is a term used for referring to a specific type of electrical or mechanical wire that has an even diameter throughout. It can be further segmented into two types, namely solid round and hollow round. The former type consists of a single layer of metal while the latter has multiple layers. Round wires are widely used in applications such as electric motors, batteries, transformers among others owing to their properties such as high tensile strength and flexibility among others.
Flat Wire:
Flat wire and it's usage in nickel-chromium alloy wire market is expected to witness significant growth on account of increasing demand from the automotive industry. The product has a high strength to weight ratio which makes it suitable for use in applications where high tensile strength is required. It also offers good corrosion resistance, making it suitable for use in underground electrical cables and heavy equipment used in construction industries.
The global flat wire.
Application Insights:
The home appliances application segment led the global nickel-chromium alloy wire market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Nickel-chromium alloy wires are used for manufacturing heating equipment, cookware, water heaters, air conditioners and other household appliances that use electricity or gas as fuel source. The rising demand for energy-efficient products is expected to boost product usage in home appliances applications over the coming years.
The growing population across the globe has resulted in an increased demand for cooking equipment including electric cooktops and gas burners which require high quality nickel chromium alloys as they provide better corrosion resistance compared to traditional stainless steel wires. Furthermore, increasing urbanization along with a growing preference for Western culture habits such as using kitchen utensils made of metal is likely to propel industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as electrical & electronics, automotive, construction, and manufacturing. In addition, rising population in emerging countries such as India and China is anticipated to positively impact product demand over the next eight years.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2017 owing to high chromium content defined by European Union regulations on chromium content in stainless steel flat products (excluding stainless steel with less than 0.03% Cr). North America emerged as the third largest regional market due to stringent government norms regarding environmental protection coupled with growing consumer preference for energy conservation measures leading towards energy efficiency products including LEDs lighting solutions that consume little electricity thereby augmenting industry growth over the forecast period.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing popularity of nickel-chromium alloy wire in medical implants and prostheses
- Rising demand for resistance heating elements made of nickel-chromium alloy wire
- Growing use of nickel-chromium alloy wire in electrical engineering applications
- Technological advancements that have led to the development of new grades of nickel-chromium alloy wire
Scope Of The Report
Report Attributes
Report Details
Report Title
Nickel-chromium Alloy Wire Market Research Report
By Type
Round Wire, Flat Wire, Square Wire
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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Nickel-chromium Alloy Wire Market Report Segments:
The global Nickel-chromium Alloy Wire market is segmented on the basis of:
Types
Round Wire, Flat Wire, Square Wire
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 Nickel-chromium Alloy Wire 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
- 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 Nickel-chromium Alloy Wire 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?
Nickel-chromium alloy wire is a type of wire made from nickel and chromium. It is often used in electrical applications because it has a high resistance to corrosion and a low reactivity.
Some of the major companies in the nickel-chromium alloy wire market are Deutsche Nickel GmbH, Alloy Wire International, VZPS, Sandvik, Tokyo Resistance Wire, Jiangsu Huaxin Alloy, Changshu Electric Heating.
The nickel-chromium alloy wire 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 Nickel-chromium Alloy Wire 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 Nickel-chromium Alloy Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nickel-chromium Alloy Wire 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 Nickel-chromium Alloy Wire 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 Nickel-chromium Alloy Wire Market Size & Forecast, 2020-2028
4.5.1 Nickel-chromium Alloy Wire Market Size and Y-o-Y Growth
4.5.2 Nickel-chromium Alloy Wire 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
5.3 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 Nickel-chromium Alloy Wire 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 Nickel-chromium Alloy Wire 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
9.7 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
10.7 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
11.7 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
12.7 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
13.7 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 Nickel-chromium Alloy Wire Market: Competitive Dashboard
14.2 Global Nickel-chromium Alloy Wire 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
