Nickel Alloys Market is Forecasted to Reach US$ 20.1 Billion in 2031, Says Stratview Research

The global nickel alloys market is projected to witness a growth rate of 5.0% annually from 2025 to 2031, with an anticipated size of US$ 20.1 billion by 2031, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global nickel alloys 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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Report Highlights

Segment Insights on the Nickel Alloys Market:

The global nickel alloys market is segmented based on product type, end-use industry type, and region.

Based on product type – The nickel alloys market is bifurcated into bars, flat products, tubes, and other types. Among these products, flat products remain the leading product as well as the fastest-growing product type in the years to come. They are used in multiple applications ranging from aerospace, power generation, chemical processing, and marine industries. Key properties of flat products that drive its demand are high corrosion resistance, heat resistance, and ease to machine, weld, and form into complex shapes.

Based on end-use industry type – The market is segmented into aerospace, power & energy, process industry, electrical & electronics, automotive, and other end-use industries. Aerospace is estimated to remain the dominant end-use industry in the years to come, favored by growing demand for high-temperature and corrosion-resistance materials, making it extremely useful for the construction of aircraft exhaust valves and turbine rotors. During the last few years, the industry has witnessed a significant increase in air traffic, which has fuelled the production of aircraft and high-strength nickel alloys.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to be the dominant region, whereas Asia-Pacific is likely to experience the fastest growth in the market during the forecast period. This growth outlook is majorly attributed to the following–

• North America is the go-getter to most industries.
• Furthermore, all the leading players prefer to have a manufacturing plant in the region to remain close to their customers and work along with them in their emergent needs. It has the largest consumption share in the nickel alloys market because of its well-established industry in the aerospace and energy industries.
• It also enjoys first-rate manufacturing technologies, strong R&D, and key market makers that are fueling innovation in nickel alloy applications.

Likewise, the Asia-Pacific is expected to be the fastest-growing market for nickel alloys over the forecast period. There has been a gradual shift in the manufacturing base of most of the end-use industries. For instance, the electrical and electronic industry has been moving to Asia, particularly China, which is creating bigger opportunities for nickel alloys market stakeholders in the coming years. Furthermore, a high focus on the development of several products indigenously is giving additional impetus to the demand for nickel alloys in the region in the coming years.

Nickel Alloys Market Drivers:

Some of the key drivers listed in the report are given below.

• Increasing production of commercial and military aircraft, with rising demand for high-temperature-resistant superalloys in jet engines, turbine blades, and structural components.
• Increasing EV production with the increasing use of nickel alloys in the automotive industry for reducing weight and improving engine performance.
• Growing petrochemical and chemical industries are driving demand for corrosion-resistant nickel alloys in heat exchangers, reactors, and pipelines to withstand harsh operating conditions.
• The increase in demand for nickel-based conductive materials in batteries, connectors, sensors, and semiconductors drives the demand for nickel alloys in electrical and electronics applications.

Top 10 Companies in the Nickel Alloys Market:

Stratview Research has identified the following companies as the top market players (arranged alphabetically).

• ATI, Inc.
• VDM Metals GmbH
• Carpenter Technology Corporation
• Aperam S.A.
• Haynes International, Inc.
• Nippon Yakin Kogyo Co., Limited
• Jiangsu Toland Alloy Co., Limited
• Aubert & Duval S.A.
• Mishra Dhatu Nigam Limited
• Materion Corporation

What Deliverables Will You Get in this Report?

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Related Reports:

• Ferroalloys Market
• Specialty Alloys Market

About us –

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

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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