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Nickel Alloys Market

Nickel Alloys Market

Submitted by • June 4, 2019

Nickel Alloys Market is expected to reach USD 16.48 Billion by 2024 from USD 12.23 Billion in 2016 at a CAGR of 3.8%.
Nickel alloys has a wide applications in aircraft component manufacturing such as blades, exhaust system, engine components, blades etc this drives the market for nickel alloys. Automotive sales for lightweight vehicle is trending particularly in developing markets, this is about to create opportunities for the market growth. On the other hand, the fluctuating oil & gas end user industry is also anticipated to affect market growth, however the intensity is anticipated to remain moderate. Increase in raw material prices across regions is anticipated to restriant the growth of nickel alloy market over the forecast period.

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Voted by snehall

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