Nickel Based Alloy Castings Market size was valued at USD 5.2 Billion in 2024 and is projected to reach USD 8.1 Billion by 2033, exhibiting a CAGR of 5.2% from 2026 to 2033.
In 2022, the global nickel based alloy castings market was valued at approximately USD 10 billion, with projections indicating growth to USD 14.77 billion by 2031, reflecting a compound annual growth rate (CAGR) of 5% from 2024 to 2031. This growth is driven by increasing demand for high performance materials across industries such as aerospace, automotive, and power generation. Nickel based alloy castings are favored for their exceptional mechanical properties, including high temperature resistance and corrosion resistance, making them ideal for applications requiring durability in extreme conditions. Regionally, Asia Pacific dominated the market in 2022, accounting for over 71% of the global revenue. This dominance is largely attributed to the regions substantial stainless steel production, with China contributing approximately 80% of Asia Pacifics output. The robust industrial activities in China, particularly in the aerospace sector, significantly drive the demand for nickel based alloys. North America and Europe also hold significant market shares, propelled by advanced aerospace and automotive industries. However, these regions have experienced slower growth due to factors such as energy crises and supply chain disruptions. The Middle East & Africa are emerging markets, with investments in nickel and lithium chemical complexes anticipated to boost regional demand.
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Allegheny Technologies
Cannon Muskegon
Barron Industries Inc
Quaker City Castings
American Casting & Manufacturing
Aero Metals
Engineered Precision Casting Company
Shanghai Zhongzhou
Bernier Cast Metals
Norton Cast Products
Jagdish Technocast
Besser Casting
Jiangsu Qina New Material
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Nickel Based Alloy Castings Market
Inconel
Incoloy
Monel
Hastelloy
Investment Casting
Sand Casting
Die Casting
Centrifugal Casting
Aerospace
Oil & Gas
Power Generation
Chemical Processing
Marine Engineering
Automotive
Components
Parts
Custom Castings
Shapes & Profiles
High-Strength Alloys
Corrosion-Resistant Alloys
High-Temperature Resistance Alloys
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Nickel Based Alloy Castings Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Nickel Based Alloy Castings Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Nickel Based Alloy Castings Market, By Type
6. Global Nickel Based Alloy Castings Market, By Application
7. Global Nickel Based Alloy Castings Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Nickel Based Alloy Castings Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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