Corrosion-resistant alloy is a combination of various metal materials such as nickel, cobalt, chromium, iron, titanium, aluminum, molybdenum, and others. It is used to provide long-term corrosion resistance from harsh environmental conditions. The high demand for corrosion-resistant alloys is from the aerospace, defense, automotive, and oil and gas industries. Global corrosion resistant alloys market to grow at a CAGR of 6.97% during the period 2018-2022.
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Overview of the global corrosion resistant alloys market
The end-user industries have high demand for nickel-based alloys due to their properties such as high corrosion, high-temperature resistance, stress-rupture failures, and constant wear. Nickel-based alloys are extensively used in the production of aircraft gas turbines, nuclear power systems, and steam turbine power plants.
Covered in this report
The report covers the present scenario and the growth prospects of the global corrosion resistant alloys market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Global Corrosion Resistant Alloys Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
• AMG Advanced Metallurgical Group
• CRS Holdings
• ERAMET
• HAYNES INTERNATIONAL
• NIPPON STEEL & SUMITOMO METAL CORPORATION
• Nippon Yakin Kogyo
Market driver
• Growing shale gas exploration market
• For a full, detailed list, view our report
Market challenge
• Fluctuation in raw material prices
• For a full, detailed list, view our report
Market trend
• Increasing government spending on energy systems
• For a full, detailed list, view our report
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