The aerospace industry is anticipated to account for sizable market shares for nickel alloys during the forecast period. The aircraft sector has a significant demand for nickel alloys. These alloys' extraordinary resistance to extreme heat, pressure, and corrosion makes them indispensable in the manufacture of aviation machinery. It is projected that the rising demand for nickel alloys in the aerospace sector will accelerate market expansion. The growing need for new aircraft is sparked by the rising number of people travelling by air in developing nations, which propels the market's expansion.
According to projections, the market for Nickel Alloys would increase from an anticipated USD 12.14 billion in 2017 to an expected USD 14.68 billion by 2022, at a CAGR of 3.9%.
Major Players in the Nickel Alloys Industry:
1. VDM Metals (Germany): Alloy material producer for semi-finished goods. The company sells stainless steel materials, nickel alloy strips, titanium and zirconium bars, high temperature alloys, cobalt-based alloys, and materials for the chemical and processing, power, oil and gas, aerospace, engineering, and automotive end sectors in Europe. Built in 1930. Headquarters in Germany's Werdohl. Acerinox, a producer of stainless steel, purchased VDM Metals.
2. Sandvik Materials Technology AB (Sweden): a producer of steel goods. The business produces stainless steel products as well as other metal items that are resistant to corrosion and wear. The majority of its products are industrial parts and valves. Head office in New Zealand.
3. Aperam S.A. (Luxembourg): Aperam SA is a producer of stainless and specialty steel situated in Luxembourg. The corporation typically uses four segments to conduct business. In addition to producing a variety of stainless steel and electrical steel goods, the stainless and electrical steel division also has a subsidiary that makes charcoal, which is used in place of coke in the production process. Created in 2010. Head office in Luxembourg. ELG, a world leader in recycling stainless steel and superalloys, has been fully acquired by Aperam.
4. Allegheny Technologies Incorporated (US): Created in Founded 1996. United States headquarters. ATI Inc. provides specialised metals to a variety of end markets, including automotive, electrical energy, oil and gas, aerospace and defence, and many more. High-Performance Materials and Components and Advanced Alloys and Solutions are two of the company's operating segments. The Advanced Alloys and Solutions business generates the majority of the company's revenue. According to the provisions of a contract and merger plan approved by Ladish shareholders on May 6, 2011, Allegheny Technologies Inc. announced the completion of its acquisition of Ladish Co.
5. ThyssenKrupp AG (Germany): A diversified industrial conglomerate, hyssenkrupp AG has companies in capital goods, services, and steel. Materials Services, Industrial Components, Automotive Technology, Steel Europe, Marine Systems, and Multi Tracks are among its segments. Created in 1999. German headquarters are in Essen. The purchase of thyssenkrupp's Elevator Technology business from thyssenkrupp AG has been finalised by international private equity firms Advent International and Cinven.
6. Haynes International Inc. (US): Built in 1912. High-performance nickel and cobalt-based alloys are produced by Haynes International Inc, which has its headquarters there. The business focuses on creating, marketing, and selling high-performance alloys and technology.
7.Voestalpine AG (Austria): An Austrian holding firm called voestalpine AG is involved in the production, processing, and development of steel products. There are four divisions within the business. Large turbine casting and steel product production are both done by the Steel Division. Built in 1938. Head office in Austria.
Definition: Nickel alloys are metals made from combining nickel as the primary element with another material.
