Aircraft Nickel and Cobalt Round Products Market is Forecasted to Reach 106 kilotons in 2030, Says Stratview Research

The global Aircraft Nickel and Cobalt Round Products Market size was valued at 74.8 kiloton in 2023, and is projected to reach 106 kilotons by 2030, witnessing a market growth CAGR of 5% from 2024 to 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Aircraft Nickel and Cobalt Round Products Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Segment Insights & Market Share Analysis of the Transportation Fuel Cell Stack Systems Market:

The global Aircraft Nickel and Cobalt Round Products Market is segmented based on Aircraft type, Process type, Part type, Application type and region.

Based on Aircraft Type

“Commercial aircraft is expected to remain the most dominant aircraft type of the market during the forecast period.”

• The aircraft nickel & cobalt round products market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, general aviation, and others.

By Process Type

“VIM Process is likely to hold the dominant market position during the forecast period.”

• VIM prevents air contamination, resulting in high-purity superalloys. This process allows for precise control over the chemical composition of the alloys.

By Part Type

“Turbine discs are expected to remain the most dominant part type of the market over the next six years.”

• The market is segmented by part type into turbine discs, shafts, casing, blades, landing gear, fasteners, etc.

By Application Type

“Non-rotating applications dominate the market during the forecast period.”

• Based on application type, the market is segmented into rotating and non-rotating applications.
• Major non-rotating applications are casings, exhaust systems, and landing gear.
• Major rotating applications are turbine discs, shafts, and blades.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

“North America is expected to be the dominant region, whereas Asia-Pacific is likely to register the highest growth in the aircraft nickel & cobalt round products market over the next six years.”

• The aircraft nickel and cobalt round products market is segmented by region into North America, Europe, Asia-Pacific, and the Rest of the World.
• North America is the largest region of the market, as it is home to major aeroengine OEMs, such as GE Aerospace, Pratt & Whitney, and Honeywell International Inc., which generate high demand.

Aircraft Nickel and Cobalt Round Products Market Drivers:

Key factors driving the growth of aircraft nickel and cobalt round products are the organic growth of the aircraft industry, with an expected rise in the production rate of key programs (A220, A320neo family, A350XWB, B737Max, and B787), the entry of new programs (C919, B777x, etc.), the growing aircraft fleet, the benefits of Ni and Co alloys, increasing demand for high-temperature resistant materials; and the development of high-thrust turbofan engines.

Key Trends Shaping the Market:

• Development of single crystal alloys.
• Emphasis on High-Temperature and High-Strength Alloys.
• Raw Material Supply Challenges.
• Formation of Long-Term Contracts.
• Sustainability and Recycling Initiatives.

Competitive Landscape: Top Companies in the Transportation Fuel Cell Stack Systems Market:

The global market for transportation fuel cell stack systems is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

• Plug Power Inc.
• Ballard Power Systems
• EKPO Fuel Cell Technologies GmbH
• Bloom Energy
• Daimler AG
• Nuvera Fuel Cells LLC
• Nimbus Power Systems
• FuelCell Energy Solutions
• Horizon Fuel Cell Technologies
• Toyota
• Nedstack Fuel Cell Technology
• Powercell Group
• Schaeffler AG
• Arcola Energy Limited
• AVL Fuel Cell Canada Inc.

Note: The above list does not necessarily include all the top players in the market.

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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