The Evolving Landscape of the Nickel Alloys Market: What to Expect

The nickel alloys market is expected to grow at a CAGR of 4.4% during the forecast period to reach USD 18.5 billion in 2028.

Nickel alloys are non-ferrous metals with high strength and toughness, excellent corrosion resistance, and superior elevated temperature properties. Nickel Copper, Nickel-Chromium-Iron, Nickel-Chromium-Molybdenum, and Nickel-Molybdenum form most of the nickel alloys market. Globally, manufacturers sell nickel alloys in the form of plates, strips, semis, bars, seamless, and wires. These alloys find their applications in the aerospace, power, and energy, automotive, process, and other niche markets.