Global Invar Steel Market Growth 2023-2029

Global Invar Steel Market Growth 2023-2029

Invar, also known generically as FeNi36 (64FeNi in the US), is a nickel–iron alloy notable for its uniquely low coefficient of thermal expansion (CTE or α). The name Invar comes from the word invariable, referring to its relative lack of expansion or contraction with temperature changes. The discovery of the alloy was made in 1896 by Swiss physicist Charles Édouard Guillaume for which he received the Nobel Prize in Physics in 1920. It enabled improvements in scientific instruments.

LPI (LP Information)' newest research report, the “Invar Steel Industry Forecast” looks at past sales and reviews total world Invar Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected Invar Steel sales for 2023 through 2029. With Invar Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Invar Steel industry.

This Insight Report provides a comprehensive analysis of the global Invar Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Invar Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Invar Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Invar Steel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Invar Steel.

The global Invar Steel market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Invar Steel is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Invar Steel is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Invar Steel is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Invar Steel players cover Aperam, Baowu Steel and NISCO, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Invar Steel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
35Ni-65Fe
36Ni-64Fe
32Ni-64Fe-4Co
Other

Segmentation by application
LNG Carrier
Aerospace & Defense
Precision Laser
Optical Measuring System
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Aperam
Baowu Steel
NISCO

Key Questions Addressed in this Report

What is the 10-year outlook for the global Invar Steel market?

What factors are driving Invar Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Invar Steel market opportunities vary by end market size?

How does Invar Steel break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.