Market Overview:
The global monel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for monel in various applications, such as aerospace applications, oil production and refining, marine application, musical instrument, and others. Monel 400 is the most commonly used type of monel due to its properties such as high strength-to-weight ratio and corrosion resistance. North America dominates the global monel market followed by Europe and Asia Pacific.
Product Definition:
A nickel-copper alloy (trade name Monel) with good resistance to corrosion by both fresh and salt water. It is commonly used in the manufacture of marine fittings and fasteners, valves, pumps, condensers, and heat exchangers.
Monel 400:
Monel 400 is a nickel-based alloy, containing 40% by weight of nickel and the balance being made up from iron, chromium and molybdenum. It has the same composition as that of Incoloy 800 except for different proportions of metals. Monel 400 can be substituted by its homologous alloys such as Incoloy 800 or Incoherent orange-colored steel (IOC) but only within specific temperature ranges.
Monel 401:
Monel is a copper-based alloy and has been used in various applications such as electrical, mechanical, chemical and metallurgical. It is also known as the alloy of Malleable Copper or Soft Copper owing to its softness. Monel can be divided into three different categories namely; MonelBase, MonelNobleAlloy and Monelsulfuric acid anion complex (MSAC).
Application Insights:
The global monel market has been segmented on the basis of application into aerospace applications, oil production and refining, marine applications, and other. The oil production and refining application segment led the market in 2017. Monel is used for corrosion resistance in pipelines carrying crude oil or petroleum products. It also offers protection against acid rain when exposed to sulfuric acid raindrops as it forms a protective coating around the metal surface which prevents further corrosion.
Monel is widely used in aviation fuel due to its anti-corrosion properties that help prevent aircraft parts from wearing out quickly over their lifetime by protecting them from external elements such as air pollution, heat & UV rays while providing better lubricity & flowability characteristics than traditional leaded gasoline fuels do.
Regional Analysis:
Asia Pacific dominated the global monel market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as aerospace, automotive, oil & gas, and musical instruments. In addition Monel Corporation of India Limited (MCIL) has signed a MoU with Indian Space Research Organisation (ISRO) for manufacturing space equipment using monel metal alloys. This initiative will increase Monel Corporation's production capacity which will further boost the regional market growth over the next eight years.
The North America market was valued at USD X million in 2016 and is projected to grow at an estimated CAGR of XX% from 2017 to 2030 owing to increasing investments by governments in aerospace industry coupled with growing demand for passenger aircrafts especially Boeing Commercial Airplanes 787 Dreamliner aircrafts are expected drive regional growth over the forecast period. Furthermore UHTC Corp.
Growth Factors:
- Increasing demand from the aerospace and defense industries for Monel alloys in high-performance applications due to its properties such as strength, corrosion resistance, and toughness.
- Growing demand for Monel in the chemical processing industry due to its ability to resist a wide range of corrosive media.
- Rising use of Monel in marine engineering and other underwater applications due to its excellent corrosion resistance in seawater environments.
- Increasing adoption of Monel alloy products in power generation plants owing to their superior mechanical properties at high temperatures.
- Growing popularity of Monel alloys among fabricators and manufacturers owing to their versatile nature that allows them to be used across a broad range of end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Monel Market Research Report
By Type
Monel 400, Monel 401, Monel 404, Monel 405, Monel 450, Monel K-500, Monel R-405, Monel 502
By Application
Aerospace Applications, Oil Production and Refining, Marine Application, Musical Instrument, Other
By Companies
ArcelorMittal, Baosteel, JFE Steel Corporation, Special Metals Corporation, Asiadsteels, Stainless Shapes, Metal Industries, Continental Steel&Tube Company, Magellan Metals, Renine Metalloys, Metallica Metals, Jaydeep Steels, Metal Udyog
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Monel Market Report Segments:
The global Monel market is segmented on the basis of:
Types
Monel 400, Monel 401, Monel 404, Monel 405, Monel 450, Monel K-500, Monel R-405, Monel 502
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 Applications, Oil Production and Refining, Marine Application, Musical Instrument, Other
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:
- ArcelorMittal
- Baosteel
- JFE Steel Corporation
- Special Metals Corporation
- Asiadsteels
- Stainless Shapes
- Metal Industries
- Continental Steel&Tube Company
- Magellan Metals
- Renine Metalloys
- Metallica Metals
- Jaydeep Steels
- Metal Udyog
Highlights of The Monel 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:
- Monel 400
- Monel 401
- Monel 404
- Monel 405
- Monel 450
- Monel K-500
- Monel R-405
- Monel 502
- By Application:
- Aerospace Applications
- Oil Production and Refining
- Marine Application
- Musical Instrument
- Other
- 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 Monel 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
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- 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?
Monel is a nickel-based alloy. It has a higher melting point than most other alloys, so it can be used to make high-temperature alloys.
Some of the key players operating in the monel market are ArcelorMittal, Baosteel, JFE Steel Corporation, Special Metals Corporation, Asiadsteels, Stainless Shapes, Metal Industries, Continental Steel&Tube Company, Magellan Metals, Renine Metalloys, Metallica Metals, Jaydeep Steels, Metal Udyog.
The monel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Monel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Monel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Monel Market - Supply Chain
4.5. Global Monel Market Forecast
4.5.1. Monel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Monel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Monel Market Absolute $ Opportunity
5. Global Monel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Monel Market Size and Volume Forecast by Type
5.3.1. Monel 400
5.3.2. Monel 401
5.3.3. Monel 404
5.3.4. Monel 405
5.3.5. Monel 450
5.3.6. Monel K-500
5.3.7. Monel R-405
5.3.8. Monel 502
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Monel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Monel Market Size and Volume Forecast by Application
6.3.1. Aerospace Applications
6.3.2. Oil Production and Refining
6.3.3. Marine Application
6.3.4. Musical Instrument
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Monel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Monel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Monel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Monel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Monel Demand Share Forecast, 2019-2026
9. North America Monel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Monel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Monel Market Size and Volume Forecast by Application
9.4.1. Aerospace Applications
9.4.2. Oil Production and Refining
9.4.3. Marine Application
9.4.4. Musical Instrument
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Monel Market Size and Volume Forecast by Type
9.7.1. Monel 400
9.7.2. Monel 401
9.7.3. Monel 404
9.7.4. Monel 405
9.7.5. Monel 450
9.7.6. Monel K-500
9.7.7. Monel R-405
9.7.8. Monel 502
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Monel Demand Share Forecast, 2019-2026
10. Latin America Monel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Monel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Monel Market Size and Volume Forecast by Application
10.4.1. Aerospace Applications
10.4.2. Oil Production and Refining
10.4.3. Marine Application
10.4.4. Musical Instrument
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Monel Market Size and Volume Forecast by Type
10.7.1. Monel 400
10.7.2. Monel 401
10.7.3. Monel 404
10.7.4. Monel 405
10.7.5. Monel 450
10.7.6. Monel K-500
10.7.7. Monel R-405
10.7.8. Monel 502
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Monel Demand Share Forecast, 2019-2026
11. Europe Monel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Monel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Monel Market Size and Volume Forecast by Application
11.4.1. Aerospace Applications
11.4.2. Oil Production and Refining
11.4.3. Marine Application
11.4.4. Musical Instrument
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Monel Market Size and Volume Forecast by Type
11.7.1. Monel 400
11.7.2. Monel 401
11.7.3. Monel 404
11.7.4. Monel 405
11.7.5. Monel 450
11.7.6. Monel K-500
11.7.7. Monel R-405
11.7.8. Monel 502
11.8. Basis Point Share (BPS) Analyss by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Monel Demand Share, 2019-2026
12. Asia Pacific Monel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Monel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Monel Market Size and Volume Forecast by Application
12.4.1. Aerospace Applications
12.4.2. Oil Production and Refining
12.4.3. Marine Application
12.4.4. Musical Instrument
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Monel Market Size and Volume Forecast by Type
12.7.1. Monel 400
12.7.2. Monel 401
12.7.3. Monel 404
12.7.4. Monel 405
12.7.5. Monel 450
12.7.6. Monel K-500
12.7.7. Monel R-405
12.7.8. Monel 502
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Monel Demand Share, 2019-2026
13. Middle East & Africa Monel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Monel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Monel Market Size and Volume Forecast by Application
13.4.1. Aerospace Applications
13.4.2. Oil Production and Refining
13.4.3. Marine Application
13.4.4. Musical Instrument
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Monel Market Size and Volume Forecast by Type
13.7.1. Monel 400
13.7.2. Monel 401
13.7.3. Monel 404
13.7.4. Monel 405
13.7.5. Monel 450
13.7.6. Monel K-500
13.7.7. Monel R-405
13.7.8. Monel 502
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Monel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Monel Market: Market Share Analysis
14.2. Monel Distributors and Customers
14.3. Monel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ArcelorMittal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baosteel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JFE Steel Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Special Metals Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Asiadsteels
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Stainless Shapes
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Metal Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Continental Steel&Tube Company
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Magellan Metals
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Renine Metalloys
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Metallica Metals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jaydeep Steels
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Metal Udyog
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
