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(I-AutoNewsWire.com, October 10, 2018 ) Oct 2018, New York USA (News)- Market competition is intense. SMC, ThyssenKrupp VDM, Carpenter, Imphy Alloys, Allegheny, Hitachi Metals, Nippon Yakin, Bao Steel and Sumitomo are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry. Over the next five years, Research Reports Inc. projects that Nickel Base Alloy will register a 1.8% CAGR in terms of revenue, reach US$ 5520 million by 2023, from US$ 4970 million in 2017.
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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. 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
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The key manufacturers covered in this report: SMC ThyssenKrupp VDM Carpenter Imphy Alloys Allegheny Hitachi Metals Nippon Yakin Bao Steel Sumitomo Haynes Daido Steel Foroni Sandvik Deutsche Bohler Edelstahl Mitsubishi Material Vacuumschmelze JLC Electromet Metallurgical Plant Electrostal Fushun Special Steel
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Segmentation by product type: Long Type Flat Type Segmentation by application: Aerospace Power Generation Oil & Gas Chemicals Electronics Others
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Research Reports Inc
Shubham Goel
8554192424
pressrelease@researchreportsinc.com
Source: EmailWire.Com
Source: EmailWire.com
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