Market Overview:
The global nickel superalloy 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 superalloys in the aerospace and defense, power generation, oil & gas, refinery, chemical and other industries. In terms of type, alloy 600/601/602 is expected to hold the largest share of the global nickel superalloy market during the forecast period. This can be attributed to its high strength-to-weight ratio and corrosion resistance properties.
Product Definition:
A nickel-based superalloy is a metal alloy that contains nickel and one or more other elements in significant amounts, such as chromium, titanium, tungsten and cobalt. Nickel superalloys are used in applications where high temperatures and corrosion resistance are required. They have been used for components in gas turbines, jet engines and nuclear reactors.
Alloy 600/601/602:
Alloy 600/ 601/602 is a family of high strength nickel-based superalloys. It contains elements such as chromium, molybdenum, nitrogen and carbon. The alloy has good corrosion resistance and high strength owing to the presence of adequate nitrogen and carbon content.
Alloy 625:
Alloy 625 is a nickel-based superalloy that offers good combination of properties such as ductility, malleability, creep resistance and high temperature stability. Alloy625 has applications in various industries including power generation, oil & gas and chemical processing. It is also used in the manufacturing of medical devices due to its biocompatibility characteristics.
The global alloy market size was valued at USD 3.6 billion in 2015.
Application Insights:
Aerospace and defense was the largest application segment in 2017, accounting for a market share of more than 45%. Nickel superalloys are used in critical structural components of an aircraft to ensure its safety during flight. They are also used as fasteners in the manufacturing of aircraft fuselages, which is expected to drive demand over the forecast period.
The power generation industry is likely to be one of the key nickel superalloy consumers over the forecast period owing to its rising need for large turbines that can produce electricity at lower costs. Nickel superalloys have high resistance against corrosion and other forms of degradation when exposed to sulfuric acid rainwater and other acidic solutions commonly found at power plants. This factor is expected to increase their consumption in this sector over the next few years.
Regional Analysis:
Asia Pacific dominated the global nickel superalloy market in 2016 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 aerospace and defense, power generation, oil & gas, automotive and others. In addition, rising infrastructure activities coupled with growing industrialization in emerging economies such as India and China are likely to drive product demand over the next eight years.
The presence of key aircraft manufacturers including Boeing Co., Lockheed Martin Corporation has fueled product demand from North America aerospace industry which is further anticipated to propel growth during the forecast period. However a strong dollar policy by U.
Europe was estimated at USD X billion in 2016 owing to high consumption levels for applications including aerospace & defense (18%) and chemical (13%).
Growth Factors:
- Increasing demand for nickel superalloys from the aerospace and defense industries due to their superior properties such as high strength, corrosion resistance, and thermal stability.
- Growing demand for nickel superalloys in the power generation sector due to their ability to withstand high temperatures and corrosive environments.
- Rising popularity of nickel superalloys in the oil & gas industry due to their ability to resist extreme temperatures and corrosion.
- Increasing use of nickel superalloys in industrial applications such as turbines, compressors, valves, and pumps owing to their superior mechanical properties.
- Technological advancements that have led to the development of new grades of nickel superalloys with better performance characteristics than traditional alloys
Scope Of The Report
Report Attributes
Report Details
Report Title
Nickel Superalloy Market Research Report
By Type
Alloy 600/601/602, Alloy 625, Alloy 718, Alloy 825, Alloy 925, Hastelloy C276/C22/X, Waspaloy, Others
By Application
Aerospace and Defense, Power Generation, Oil & Gas, Refinery, Chemical, Others
By Companies
Thyssenkrupp AG, VDM Metals GmbH, Sandvik AB, Aperam S.A., Allegheny Technologies Incorporated, Carpenter Technology Corporation, Haynes International, Inc., Precision Castparts Corporation, Rolled Alloys, Inc., Voestalpine AG, AMETEK, Inc
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Nickel Superalloy Market Report Segments:
The global Nickel Superalloy market is segmented on the basis of:
Types
Alloy 600/601/602, Alloy 625, Alloy 718, Alloy 825, Alloy 925, Hastelloy C276/C22/X, Waspaloy, Others
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
Aerospace and Defense, Power Generation, Oil & Gas, Refinery, Chemical, Others
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:
- Thyssenkrupp AG
- VDM Metals GmbH
- Sandvik AB
- Aperam S.A.
- Allegheny Technologies Incorporated
- Carpenter Technology Corporation
- Haynes International, Inc.
- Precision Castparts Corporation
- Rolled Alloys, Inc.
- Voestalpine AG
- AMETEK, Inc
Highlights of The Nickel Superalloy 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:
- Alloy 600/601/602
- Alloy 625
- Alloy 718
- Alloy 825
- Alloy 925
- Hastelloy C276/C22/X
- Waspaloy
- Others
- By Application:
- Aerospace and Defense
- Power Generation
- Oil & Gas
- Refinery
- Chemical
- Others
- 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 Superalloy 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.
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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 Superalloy is a type of alloy that is made up of nickel and other elements. It is often used in products that need to be strong, such as engines and aircraft parts.
Some of the key players operating in the nickel superalloy market are Thyssenkrupp AG, VDM Metals GmbH, Sandvik AB, Aperam S.A., Allegheny Technologies Incorporated, Carpenter Technology Corporation, Haynes International, Inc., Precision Castparts Corporation, Rolled Alloys, Inc., Voestalpine AG, AMETEK, Inc.
The nickel superalloy 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 Superalloy 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 Superalloy Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Nickel Superalloy 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 Superalloy 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 Superalloy Market Size & Forecast, 2020-2028 4.5.1 Nickel Superalloy Market Size and Y-o-Y Growth 4.5.2 Nickel Superalloy 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 Alloy 600/601/602
5.2.2 Alloy 625
5.2.3 Alloy 718
5.2.4 Alloy 825
5.2.5 Alloy 925
5.2.6 Hastelloy C276/C22/X
5.2.7 Waspaloy
5.2.8 Others
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 Aerospace and Defense
6.2.2 Power Generation
6.2.3 Oil & Gas
6.2.4 Refinery
6.2.5 Chemical
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nickel Superalloy 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 Superalloy 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 Alloy 600/601/602
9.6.2 Alloy 625
9.6.3 Alloy 718
9.6.4 Alloy 825
9.6.5 Alloy 925
9.6.6 Hastelloy C276/C22/X
9.6.7 Waspaloy
9.6.8 Others
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 Aerospace and Defense
9.10.2 Power Generation
9.10.3 Oil & Gas
9.10.4 Refinery
9.10.5 Chemical
9.10.6 Others
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 Alloy 600/601/602
10.6.2 Alloy 625
10.6.3 Alloy 718
10.6.4 Alloy 825
10.6.5 Alloy 925
10.6.6 Hastelloy C276/C22/X
10.6.7 Waspaloy
10.6.8 Others
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 Aerospace and Defense
10.10.2 Power Generation
10.10.3 Oil & Gas
10.10.4 Refinery
10.10.5 Chemical
10.10.6 Others
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 Alloy 600/601/602
11.6.2 Alloy 625
11.6.3 Alloy 718
11.6.4 Alloy 825
11.6.5 Alloy 925
11.6.6 Hastelloy C276/C22/X
11.6.7 Waspaloy
11.6.8 Others
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 Aerospace and Defense
11.10.2 Power Generation
11.10.3 Oil & Gas
11.10.4 Refinery
11.10.5 Chemical
11.10.6 Others
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 Alloy 600/601/602
12.6.2 Alloy 625
12.6.3 Alloy 718
12.6.4 Alloy 825
12.6.5 Alloy 925
12.6.6 Hastelloy C276/C22/X
12.6.7 Waspaloy
12.6.8 Others
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 Aerospace and Defense
12.10.2 Power Generation
12.10.3 Oil & Gas
12.10.4 Refinery
12.10.5 Chemical
12.10.6 Others
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 Alloy 600/601/602
13.6.2 Alloy 625
13.6.3 Alloy 718
13.6.4 Alloy 825
13.6.5 Alloy 925
13.6.6 Hastelloy C276/C22/X
13.6.7 Waspaloy
13.6.8 Others
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 Aerospace and Defense
13.10.2 Power Generation
13.10.3 Oil & Gas
13.10.4 Refinery
13.10.5 Chemical
13.10.6 Others
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 Superalloy Market: Competitive Dashboard
14.2 Global Nickel Superalloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thyssenkrupp AG
14.3.2 VDM Metals GmbH
14.3.3 Sandvik AB
14.3.4 Aperam S.A.
14.3.5 Allegheny Technologies Incorporated
14.3.6 Carpenter Technology Corporation
14.3.7 Haynes International, Inc.
14.3.8 Precision Castparts Corporation
14.3.9 Rolled Alloys, Inc.
14.3.10 Voestalpine AG
14.3.11 AMETEK, Inc