QYResearch: The global Nickel Base Alloy market size is about 5.6 billion USD

QYResearch: The global Nickel Base Alloy market size is about 5.6 billion USD QYResearch focus on Market Survey and Research

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Author: Zhangning

Company: QYResearch Center

QYResearch Nickel based alloys have nickel as the balancing metal. They can be alloyed with iron, chromium and molybdenum and are used in the high end of the corrosion scale, e.g. in the most aggressive parts in flue gas desulfurization units and other demanding applications. Nickel based alloys present high corrosion resistance properties in severe conditions. These grades are mainly used for Oil & Gas, Chemical and Power industries.

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QYResearch The different elements that make up an alloy can drastically change the mechanical properties, corrosion resistance and the metal’s microstructure. While chromium, nickel, molybdenum, iron may be the primary alloying elements, other elements like tungsten, carbon, aluminum, titanium, copper and sulfur can have significant effects as well. Understanding the elements and both positive and negative effects on the alloys can help to identify what applications certain alloys can be used in.

In the last several years, global market of Nickel Base Alloy developed steady, with an average growth rate of 3%. In 2016, global production of Nickel Base Alloy was nearly 317 thousand MT; while it is expected to be 407 thousand MT in 2022, with market size of 5.6 billion usd.

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