Market Overview:
The global nickel chrome target 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 chrome targets from various applications such as displays, solar energy, automobiles, and other applications. In terms of type, the plane target segment is expected to hold a major share of the global nickel chrome target market during the forecast period. However, the rotating target segment is projected to grow at a higher CAGR than that of the plane target segment during the forecast period.
Product Definition:
A nickel chrome target is a type of metal target that is made up of nickel and chromium. It is used in a variety of industries, including the automotive, aerospace, and medical fields. The primary purpose of a nickel chrome target is to provide a surface that can be machined or ground down to very precise specifications.
Plane Target:
Plane target is a thin sheet of chromium that is used in the production process of stainless steel. It has high corrosion resistance and can withstand aggressive cleaning processes. The product also provides superior adhesion to the stainless steel surface, which makes it an ideal choice for applications with high wear and tear such as automotive components or kitchen appliances.
The plane target market size was estimated at USD 856 million in 2016.
Rotating Target:
Rotating target is a type of metallographic test used to examine the internal structure of materials by creating various concentric and radial grooves in the material. The metal is then moved around between these grooves while an X-ray source watches for any fractures or cracks that may have formed due to stress.
The rotating target technique was first developed for use in steel but has since been applied to other alloys as well such as aluminum, titanium, magnesium, etc.
Application Insights:
The display application segment accounted for the largest share of over 50% in 2017. Nickel and chrome targets are used in shooting ranges, outdoor sporting events, military training areas and other public places to provide a visual indication of hit points. The growing popularity of shooting sports is expected to be a key factor driving the demand for nickel and chrome target across display applications.
The automobile application segment is projected to witness significant growth over the forecast period owing to rising demand from end-user industries such as automotive, marine and aerospace which require high-quality metal components with low levels of impurities. Nickel has excellent resistance properties against corrosion which makes it suitable for use in automobiles along with its ability to create bright chromium surfaces when exposed to oxygen at temperatures above 900°C. Hence, increasing production volumes of automobiles is likely drive market growth over the coming years especially in Asia Pacific region where labor costs are relatively lower than Western Europe & North America regions.
Regional Analysis:
Asia Pacific dominated the global nickel chrome target market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a large share of the automotive production, which has led to an increase in demand for targets used for manufacturing automobile parts. In addition, countries such as China and Japan are major consumers of these targets owing to their high production volume as well as exports across various regions.
The growing solar energy sector across Asia Pacific is anticipated to drive product demand over the forecast period. Countries such as India and China have undertaken initiatives aimed at increasing renewable energy capacity with an aim toward reducing carbon footprint associated with conventional fossil fuel based electricity generation sources, thereby driving growth in this industry segment. This has resulted into increased target consumption especially across other applications including display panel manufacturing that requires periodic inspection & maintenance procedures or replacement parts installation etc.
Growth Factors:
- Increased demand from the automotive industry for corrosion-resistant coatings and finishes.
- Growing popularity of nickel chrome plating in the architectural and decorative markets for its high quality, mirror-like finish.
- Increasing use of nickel chrome plating in electrical equipment and appliances due to its excellent resistance to oxidation and tarnishing.
- Rising demand from the medical device industry for implantable devices that are resistant to corrosion and wear over time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nickel Chrome Target Market Research Report
By Type
Plane Target, Rotating Target
By Application
Display, Solar Energy, Automobile, Other
By Companies
ZNXC, Beijing Guanli, Kaize Metals, E-light, German tech, Beijing Scistar Technology, FDC, JINXING METAL, Stanfordmaterials, Cathaymaterials
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Nickel Chrome Target Market Report Segments:
The global Nickel Chrome Target market is segmented on the basis of:
Types
Plane Target, Rotating Target
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
Display, Solar Energy, Automobile, 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:
- ZNXC
- Beijing Guanli
- Kaize Metals
- E-light
- German tech
- Beijing Scistar Technology
- FDC
- JINXING METAL
- Stanfordmaterials
- Cathaymaterials
Highlights of The Nickel Chrome Target 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:
- Plane Target
- Rotating Target
- By Application:
- Display
- Solar Energy
- Automobile
- 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 Nickel Chrome Target 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 chrome is a type of metal that is used to make targets. It is a very durable metal and can withstand a lot of abuse.
Some of the major companies in the nickel chrome target market are ZNXC, Beijing Guanli, Kaize Metals, E-light, German tech, Beijing Scistar Technology, FDC, JINXING METAL, Stanfordmaterials, Cathaymaterials.
The nickel chrome target market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nickel Chrome Target 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. Nickel Chrome Target Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nickel Chrome Target Market - Supply Chain
4.5. Global Nickel Chrome Target Market Forecast
4.5.1. Nickel Chrome Target Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nickel Chrome Target Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nickel Chrome Target Market Absolute $ Opportunity
5. Global Nickel Chrome Target 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. Nickel Chrome Target Market Size and Volume Forecast by Type
5.3.1. Plane Target
5.3.2. Rotating Target
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nickel Chrome Target 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. Nickel Chrome Target Market Size and Volume Forecast by Application
6.3.1. Display
6.3.2. Solar Energy
6.3.3. Automobile
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nickel Chrome Target 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. Nickel Chrome Target 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 Nickel Chrome Target 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. Nickel Chrome Target 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 Nickel Chrome Target Demand Share Forecast, 2019-2026
9. North America Nickel Chrome Target 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 Nickel Chrome Target 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 Nickel Chrome Target Market Size and Volume Forecast by Application
9.4.1. Display
9.4.2. Solar Energy
9.4.3. Automobile
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nickel Chrome Target Market Size and Volume Forecast by Type
9.7.1. Plane Target
9.7.2. Rotating Target
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 Nickel Chrome Target Demand Share Forecast, 2019-2026
10. Latin America Nickel Chrome Target 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 Nickel Chrome Target 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 Nickel Chrome Target Market Size and Volume Forecast by Application
10.4.1. Display
10.4.2. Solar Energy
10.4.3. Automobile
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nickel Chrome Target Market Size and Volume Forecast by Type
10.7.1. Plane Target
10.7.2. Rotating Target
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 Nickel Chrome Target Demand Share Forecast, 2019-2026
11. Europe Nickel Chrome Target 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 Nickel Chrome Target 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 Nickel Chrome Target Market Size and Volume Forecast by Application
11.4.1. Display
11.4.2. Solar Energy
11.4.3. Automobile
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nickel Chrome Target Market Size and Volume Forecast by Type
11.7.1. Plane Target
11.7.2. Rotating Target
11.8. Basis Point Share (BPS) Analysis 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 Nickel Chrome Target Demand Share, 2019-2026
12. Asia Pacific Nickel Chrome Target 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 Nickel Chrome Target 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 Nickel Chrome Target Market Size and Volume Forecast by Application
12.4.1. Display
12.4.2. Solar Energy
12.4.3. Automobile
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nickel Chrome Target Market Size and Volume Forecast by Type
12.7.1. Plane Target
12.7.2. Rotating Target
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 Nickel Chrome Target Demand Share, 2019-2026
13. Middle East & Africa Nickel Chrome Target 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 Nickel Chrome Target 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 Nickel Chrome Target Market Size and Volume Forecast by Application
13.4.1. Display
13.4.2. Solar Energy
13.4.3. Automobile
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nickel Chrome Target Market Size and Volume Forecast by Type
13.7.1. Plane Target
13.7.2. Rotating Target
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 Nickel Chrome Target Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nickel Chrome Target Market: Market Share Analysis
14.2. Nickel Chrome Target Distributors and Customers
14.3. Nickel Chrome Target Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ZNXC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Beijing Guanli
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kaize Metals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. E-light
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. German tech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Beijing Scistar Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FDC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JINXING METAL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Stanfordmaterials
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cathaymaterials
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
