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Nickel Alloys Market

Nickel Alloys Market report categorizes the global market by Function (Corrosion Resistant, Electronic Alloys, Heat Resistant Alloys, High Performers Alloy), End User (Aerospace and Defense, Automotive, Chemical, Others) - Global Industry Insights,
Nickel Alloys Market by Function, and End User - Global
Industry Insights, Trends, Outlook, and Opportunity
Analysis, 2018-2026
Nickel alloys are the mixture of nickel and other metals or elements. Nickel
alloys with iron, copper, chromium, lead, aluminum, silver, gold, cobalt, and
other elements are used to produce cast iron, stainless steel, Incoloy, Inconel,
Monel, and other alloys. Nickel alloys have several properties such as heat
resistance, electric resistance, toughness, strength at low and high temperature,
corrosion resistance, and special electronic and magnetic properties. Due to
these properties, they are used in batteries, coatings, mobile phones,
kitchenware, mobile phones, jewelry, medical equipment, buildings, transport,
and power generation. They are used in automotive industry for motors,
generators, heating elements, turbochargers, gears, exhaust valve, brake fluid
lines, cylinder liners, pistons, wiper, mufflers, catalyst, and clamps. They are
widely used in aircraft for manufacturing exhaust systems, blades, hydraulic
pumps, and other components. Nickel alloys are also used in power generation
turbines, marine fasteners, and electronics. Therefore, Mentioned uses of nickel
alloys in various industries are the drivers for the growth of nickel alloy market.
The increasing cost of raw materials is the major restraint for nickel alloy
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High resistance alloys are projected to be the largest segment in the nickel
alloys market in 2017. This is due to their applications in various industries such
as oil and gas, aerospace, chemical, energy, and power. Nickel alloys have
major applications in defense and aerospace, owing to their superior physical
and mechanical properties.
The companies are adopting various organic and inorganic growth strategies to
retain their market position. key players operating the nickel alloys market
include ​Allegheny Technologies Incorporated, Ametek Inc., Aperam S.A.,
Carpenter Technology Corporation, ​Haynes International Inc.,
Kennametal Inc., Precision Castparts Corporation, Rolled Alloys Inc.,
Sandvik Materials Technology, ThyssenKrupp AG, VDM Metals GmbH,
and Voestalpine AG.
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