Market Overview:
The global resistance alloys 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 resistance alloys from various end-use industries, such as petroleum & petrochemicals, electronic appliances, and other applications. In terms of type, the nickel-chromium alloys segment is expected to lead the global resistance alloys market during the forecast period. This can be attributed to its high corrosion resistance and thermal stability properties.
Product Definition:
Resistance alloys are special metals that are used in electrical wiring and other electrical components to help reduce the amount of electricity that is lost as it travels through the metal. This helps to improve the overall efficiency of the electrical system and can save energy.
Nickel-chromium Alloys:
Nickel-chromium alloys are a group of nickel-chromium alloying materials which have applications in electrical contacts and magnetic devices. Nickel-chromium alloys have been the most important resistance alloy types used in magnetism application. The other important properties of nickel- chromium alloys include high corrosion resistance, hardness, strength, and excellent wearability characteristics.
Iron-Chromium-Aluminium Alloys:
The global iron-chromium-aluminium alloys and it's usage in resistance alloys market size was valued at USD 1.8 billion in 2015. The increasing demand for lightweight materials with high strength is expected to drive the industry growth over the forecast period.
Iron-chromium-aluminium (FeCrAl) alloys are used as a source of metal for Resistance Alloys owing to their properties such as corrosion resistance, electrical conductivity, magnetic properties.
Application Insights:
The other application segment includes aerospace, construction and automotive industries. The resistance alloys are widely used in the electronic appliances industry on account of high corrosion resistance exhibited by these alloys. Nickel-chromium and iron-chromium-aluminium alloys are preferred for manufacturing electrical equipment owing to their excellent characteristics of strength, weight and durability.
Resistance alloy is a highly durable material that is extensively used in the manufacture of tools for automobile assembly as they have high wear resistance than conventional steel tools. In addition, these materials also possess higher hardness which makes them suitable for use in machining centers where heavy cutting operations take place frequently. These factors together with increasing demand from various end users will drive the market over the forecast period thereby registering a CAGR around 5%.
Regional Analysis:
North America was the largest market for resistance alloys in 2016, accounting for a share of over 30.0% owing to the high demand from various end-use industries such as aerospace and defense. The U.S., being one of the most important manufacturing hubs in this region, has witnessed an increasing demand for these products over the past few years.
The Middle East & Africa is expected to be one of the fastest-growing markets with a CAGR exceeding 5% during the forecast period on account of rising investments in oil & gas exploration activities across major countries including Saudi Arabia and UAE (United Arab Emirates). In addition, growing electronic appliances production mainly due to low labor costs is anticipated to drive product demand further over next eight years.
Asia Pacific was estimated as second-largest market after North America by volume and accounted for nearly 23% share in 2016 owing to rapid industrialization coupled with developing infrastructure sector primarily within China.
Growth Factors:
- Increasing demand for lightweight and high-strength materials in automotive and aerospace industries
- Growing popularity of electric vehicles, which require lighter and more efficient components
- Rising demand from emerging economies such as China and India
- Technological advancements that improve the performance of resistance alloys
- Growing awareness about the benefits of using resistance alloys in various applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Resistance Alloys Market Research Report
By Type
Nickel-chromium Alloys, Iron-Chromium-Aluminium Alloys, Copper-Nickel Alloys
By Application
Petroleum & Petrochemicals, Electronic Appliances, Other Application
By Companies
KANTHAL, Isabellenhütte, Aperam, Sedes, T.R.W, Xinghuo Special Steel, Chongqing Chuanyi, H.X.W, TAIZHOU JINCHUAN ALLOY, TIANHE THERMOELECTRIC, KANTHAL
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Resistance Alloys Market Report Segments:
The global Resistance Alloys market is segmented on the basis of:
Types
Nickel-chromium Alloys, Iron-Chromium-Aluminium Alloys, Copper-Nickel Alloys
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
Petroleum & Petrochemicals, Electronic Appliances, Other Application
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:
- KANTHAL
- Isabellenhütte
- Aperam
- Sedes
- T.R.W
- Xinghuo Special Steel
- Chongqing Chuanyi
- H.X.W
- TAIZHOU JINCHUAN ALLOY
- TIANHE THERMOELECTRIC
- KANTHAL
Highlights of The Resistance Alloys 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:
- Nickel-chromium Alloys
- Iron-Chromium-Aluminium Alloys
- Copper-Nickel Alloys
- By Application:
- Petroleum & Petrochemicals
- Electronic Appliances
- Other Application
- 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 Resistance Alloys 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?
Resistance alloys are materials that have a high resistance to corrosion and wear. They are often used in products that need to resist high levels of stress, such as engine parts or aircraft components.
Some of the major companies in the resistance alloys market are KANTHAL, Isabellenh¼tte, Aperam, Sedes, T.R.W, Xinghuo Special Steel, Chongqing Chuanyi, H.X.W, TAIZHOU JINCHUAN ALLOY, TIANHE THERMOELECTRIC, KANTHAL.
The resistance alloys 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 Resistance Alloys 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 Resistance Alloys Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Resistance Alloys 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 Resistance Alloys 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 Resistance Alloys Market Size & Forecast, 2020-2028
4.5.1 Resistance Alloys Market Size and Y-o-Y Growth
4.5.2 Resistance Alloys 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 Nickel-chromium Alloys
5.2.2 Iron-Chromium-Aluminium Alloys
5.2.3 Copper-Nickel Alloys
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 Petroleum & Petrochemicals
6.2.2 Electronic Appliances
6.2.3 Other Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Resistance Alloys 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 Resistance Alloys 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 Nickel-chromium Alloys
9.6.2 Iron-Chromium-Aluminium Alloys
9.6.3 Copper-Nickel Alloys
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 Petroleum & Petrochemicals
9.10.2 Electronic Appliances
9.10.3 Other Application
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 Nickel-chromium Alloys
10.6.2 Iron-Chromium-Aluminium Alloys
10.6.3 Copper-Nickel Alloys
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 Petroleum & Petrochemicals
10.10.2 Electronic Appliances
10.10.3 Other Application
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 Nickel-chromium Alloys
11.6.2 Iron-Chromium-Aluminium Alloys
11.6.3 Copper-Nickel Alloys
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 Petroleum & Petrochemicals
11.10.2 Electronic Appliances
11.10.3 Other Application
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 Nickel-chromium Alloys
12.6.2 Iron-Chromium-Aluminium Alloys
12.6.3 Copper-Nickel Alloys
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 Petroleum & Petrochemicals
12.10.2 Electronic Appliances
12.10.3 Other Application
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 Nickel-chromium Alloys
13.6.2 Iron-Chromium-Aluminium Alloys
13.6.3 Copper-Nickel Alloys
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 Petroleum & Petrochemicals
13.10.2 Electronic Appliances
13.10.3 Other Application
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 Resistance Alloys Market: Competitive Dashboard
14.2 Global Resistance Alloys Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KANTHAL
14.3.2 Isabellenhütte
14.3.3 Aperam
14.3.4 Sedes
14.3.5 T.R.W
14.3.6 Xinghuo Special Steel
14.3.7 Chongqing Chuanyi
14.3.8 H.X.W
14.3.9 TAIZHOU JINCHUAN ALLOY
14.3.10 TIANHE THERMOELECTRIC
14.3.11 KANTHAL
