Global Nickel Aluminium Bronze Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nickel Aluminium Bronze Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Nickel Aluminium Bronze market finds that the global Nickel Aluminium Bronze market reached a value of USD 132.18 million in 2022. It’s expected that the market will achieve USD 185.7 million by 2028, exhibiting a CAGR of 5.83% during the forecast period.

Nickel-aluminum bronze has been used in many industries due to its excellent corrosion resistance and high strength.

Aluminum bronze alloys are widely used due to their high strength, excellent corrosion resistance and wear resistance. In practical application, in order to meet different needs, a certain amount of manganese, iron, nickel, zinc and other elements are often added to aluminum bronze to improve the performance of the alloy. Nickel aluminum bronze is aluminum bronze with nickel, iron, and manganese as the main elements. Because nickel-aluminum bronze has excellent corrosion resistance, it is suitable for important materials of ship propellers and pumps, valves, and launching fasteners. With the development of the industry, nickel-aluminum bronze has been It has been widely used in marine, aviation, oil and gas industries.

Floating raw material prices may limit market growth.

As the main raw materials of nickel-aluminum bronze are copper, aluminum, iron, nickel and other metals, the prices of these materials largely depend on global price trends, national supplements, policy changes, etc. Therefore, fluctuations in the price of these materials may have an impact on their costs, thereby limiting market growth.

Growth in the maritime industry provides opportunities for the nickel aluminium bronze market.

A large portion of the global maritime fleet is dedicated to energy transportation via tankers or liquefied natural gas (LNG), petroleum, chemicals and liquid commodities. There are currently more than 4,000 bulk tankers in use worldwide. Other offshore fleets include barges, refrigerated vessels, roller coasters, ferries, cruise ships, and telecommunications and oil and gas industrial vessels. The global economic growth driving global trade is the main factor affecting the shipping industry. Maritime transportation and transportation basically connect all non-inland markets, or most countries in the world. In terms of scale, the maritime industry is the leading transportation industry. Significant funding is needed to support the global shipping industry. The industry also relies on a huge workforce and technological innovation.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (38.95% in 2022).

Company Overview:

Ampco Metal is one of the major players operating in the Nickel Aluminium Bronze market, holding a share of 18.77% in 2023.

Ampco Metal

Founed in 1914, AMPCO METAL is an integrated metals manufacturer and distributor, specialized in copper-based materials, serving a variety of industries including general engineering, metal production, automotive, plastics and glass mold-making and a wide range of industrial segments.

Aviva Metals

Over the past 35 years, Aviva Metals has maintained a large inventory of brass, bronze and specialty copper alloys. Their production and inventory include tubes, circles, hollows, rectangles, squares, hexagons, wires and shapes customized to customer requirements. Aviva Metals is a leading American manufacturer and distributor of alloys.

Segmentation Overview:

Among different product types, Nickel Aluminum Bronze Bar segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Marine Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Nickel Aluminium Bronze market covered in Chapter 3:

Sri Balaji Alloys
Aviva Metals
Columbia Metals
National Bronze Mfg
Andus Group
Farmers Copper Ltd
Morgan Bronze Products, Inc
Concast Metals
Ampco Metal

In Chapter 4 and Chapter 14.2, on the basis of types, the Nickel Aluminium Bronze market from 2018 to 2029 is primarily split into:

Nickel Aluminum Bronze Plate and Sheet
Nickel Aluminum Bronze Bar

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nickel Aluminium Bronze market from 2018 to 2029 covers:

Aerospace Industry
Marine Industry
Oil and Gas Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)