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Nickel Superalloy Market Share

Report ID: GMI4864
Published Date: Nov 2020
Report Format: PDF

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Nickel Superalloy Market Share

The key participants in the nickel superalloy industry adopted various strategies including product differentiation & development, strategic partnerships & collaborations, and production capacity expansion to gain a competitive advantage. In July 2020, VDM Metals introduced Alloy N10675, a corrosion-resistant nickel-molybdenum alloy. This alloy offers excellent resistance against hydrochloric acid and other media in high-temperature environments.

The industry players include:

Sandvik AB
Aperam S.A.
VDM Metals GmbH
Precision Castparts Corporation
Voestalpine AG
Allegheny Technologies Incorporated
Haynes International, Inc.
Rolled Alloys, Inc.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

In 2019, the global nickel superalloy industry revenue valued at USD 7.5 billion and is set to grow at 6.7% CAGR through 2026 owing to increasing opportunities for aircraft parts manufacturing due to favorable trends related to the global air passenger traffic growth.

Alloy 718 recorded over USD 4 billion in 2019 and its ability to provide outstanding resistance against corrosive and pitting environments along with its excellent tensile strength will fuel the industry augmentation in the coming years.

The bars segment is expected to grow at 6% CAGR through 2026 driven by its range of applications in the aerospace industry, power, oil & gas, and chemical sectors, and more.

The North American nickel superalloy industry size is likely to hold more than 35% share through 2026 due to rising adoption of the superalloys in various end-use sectors along with the inflow of investments and implementation of policies in the aerospace sector.