Nickel Alloys Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Nickel Alloys Market Trends and is segmented by Type (Heat-Resistant Nickel Alloys, Corrosion-Resistant Nickel Alloys, Electrical-Resistant Nickel Alloys, Low-Expansion Nickel Alloys, and Other Types), End-User Industry (Aerospace, Electrical and Electronics, Oil and Gas, Chemical Processing, Automotive, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for Nickel Alloys Market are provided in Revenue (USD million) for all the above segments.

Nickel Alloys Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Nickel Alloys Market Size

Nickel Alloys Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Nickel Alloys Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Nickel Alloys Market with other markets in Chemicals & Materials Industry

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Nickel Alloys Market Analysis

The Nickel Alloys Market is expected to register a CAGR of greater than 4% during the forecast period.

  • COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
  • The increasing demand from the aerospace industry and expanding oil and gas sector are expected to fuel the market growth during the forecast period. On the other hand, the fluctuating prices of nickel and other alloying elements are expected to limit industry expansion.
  • Further, technological advancements are expected to generate significant market growth opportunities. The Asia-Pacific region dominates the global market, with the largest consumption from countries such as China, India, and Japan.

Nickel Alloys Industry Overview

The nickel alloy market is consolidated in nature. Some of the major players in the market include Alloys International, Inc., ATI, VDM Metals, Haynes International, and Sandvik AB, among others.

Nickel Alloys Market Leaders

  1. HAYNES INTERNATIONAL

  2. Alloys International, Inc.

  3. Sandvik AB

  4. ATI

  5. VDM Metals

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration.png
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Nickel Alloys Market News

  • September 2022: Proterial Ltd. (formerly Hitachi Metals, Ltd., Japan) released its ADMUSTER C21P nickel-base alloy powder for metal Additive Manufacturing, enabling the production of complex shapes with high corrosion resistance and high strength. The alloy, one of the powders in Hitachi Metals' ADMUSTER series, is reported to additively manufacture products with 100 times or more corrosion resistance than typical 316L stainless steel.
  • April 2022: In another first, Sandvik added super alloy Sanicro 625 bar (UNS 06625) to its growing family of high-performing nickel alloys. The bar will be used to machine advanced components exposed to acids, alkalis, seawater, and other wet, corrosive conditions in both cryogenic environments and temperatures up to 593°C (1100°F).

Nickel Alloys Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand from Aerospace Sector
    • 4.1.2 Rising Popularity of Electric Vehicles
  • 4.2 Restraints
    • 4.2.1 Fluctuating Prices of Nickel and Other Alloying Elements
    • 4.2.2 Other Restraints
  • 4.3 Industry Value-Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Type
    • 5.1.1 Heat-Resistant Nickel Alloys
    • 5.1.2 Corrosion-Resistant Nickel Alloys
    • 5.1.3 Electrical-Resistant Nickel Alloys
    • 5.1.4 Low-Expansion Nickel Alloys
    • 5.1.5 Other Types
  • 5.2 End-user Industry
    • 5.2.1 Aerospace
    • 5.2.2 Electrical and Electronics
    • 5.2.3 Oil and Gas
    • 5.2.4 Chemical Processing
    • 5.2.5 Automotive
    • 5.2.6 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.2.4 Rest of North America
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Alloys International, Inc.
    • 6.4.2 Berkshire Hathaway Inc.
    • 6.4.3 HAYNES INTERNATIONAL
    • 6.4.4 Kennametal Inc.
    • 6.4.5 NeoNickel
    • 6.4.6 Sandvik AB
    • 6.4.7 SANYO SPECIAL STEEL Co., Ltd.
    • 6.4.8 thyssenkrupp Materials NA, Inc.
    • 6.4.9 voestalpine Specialty Metals
    • 6.4.10 ATI
    • 6.4.11 VDM Metals
    • 6.4.12 Proterial, Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological Advancements Are Expected To Generate Significant Market Growth Opportunities
**Subject to Availability
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Nickel Alloys Industry Segmentation

Nickel alloys are steel compounds that contain nickel as the primary constituent. Nickel-based alloys are used in steam turbines in power plants, aircraft gas turbines, and other high-performance applications due to advantageous characteristics such as superior corrosion, heat resistance, and high flexibility.

The global nickel alloy market is segmented by type, end-user, and geography. By type, the market is segmented into heat-resistant nickel alloys, corrosion-resistant nickel alloys, electrical-resistant nickel alloys, low-expansion nickel alloys, and other types. By end-user, the market is segmented into aerospace, electrical and electronics, oil and gas, chemical processing, automotive, and other end-user industries. The report also covers the market size and forecasts for nickel alloys in 15 countries across major regions.

For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Type Heat-Resistant Nickel Alloys
Corrosion-Resistant Nickel Alloys
Electrical-Resistant Nickel Alloys
Low-Expansion Nickel Alloys
Other Types
End-user Industry Aerospace
Electrical and Electronics
Oil and Gas
Chemical Processing
Automotive
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Geography North America United States
Canada
Mexico
Rest of North America
Geography Europe Germany
United Kingdom
Italy
France
Rest of Europe
Geography South America Brazil
Argentina
Rest of South America
Geography Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Nickel Alloys Market Research FAQs

What is the current Nickel Alloys Market size?

The Nickel Alloys Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Nickel Alloys Market?

HAYNES INTERNATIONAL, Alloys International, Inc., Sandvik AB, ATI and VDM Metals are the major companies operating in the Nickel Alloys Market.

Which is the fastest growing region in Nickel Alloys Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Nickel Alloys Market?

In 2025, the Asia-Pacific accounts for the largest market share in Nickel Alloys Market.

What years does this Nickel Alloys Market cover?

The report covers the Nickel Alloys Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Nickel Alloys Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Nickel Alloys Industry Report

Statistics for the 2025 Nickel Alloys market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nickel Alloys analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.