Nickel-chromium Alloy Market, Global Outlook and Forecast 2024-2031

Report ID: 1134632 | Published Date: Jan 2025 | No. of Page: 71 | Base Year: 2024 | Rating: 3.8 | Webstory: Check our Web story

Nichrome alloy is also known as nickel-chrome, nickel-chromium alloy, chromium-nickel alloy, nickel chromium lump, nickel chromium powder, etc. Nichrome alloy can be defined as an alloy consisting of various alloys of nickel, chromium, and iron. Nichrome is one of the oldest forms of resistance heating alloy. Nichrome alloy generally consists of 80% nickel and 20% chromium by mass. Additionally, as per application, there are various other combinations of metals. Nichrome is silvery grey in color and has high melting point of about 1,400°celcius. Nichrome alloy has low manufacturing cost, besides strength, ductility, resistance to oxidation, and stability at high temperature. It also has good resistance power to flow the electrons. These unique properties of nichrome alloy make them suitable for applications such as hair dryers and heat guns. Nichrome alloy has high resistance power to oxidation. This property makes nichrome a suitable material for use of heating elements. Heating elements in household appliances are made of thick nichrome wire. During this process, nichrome is wound in coils to a certain electrical resistance before current is passed through to produce heat. When nichrome is heated in high temperature, it develops an outer layer of chromium oxide, unlike other metals which begin to oxidize when heated in air.
This report contains market size and forecasts of Nickel-chromium Alloy in global, including the following market information:
Global Nickel-chromium Alloy Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Nickel-chromium Alloy Market Sales, 2017-2022, 2023-2028, (Ton)
Global top five Nickel-chromium Alloy companies in 2021 (%)
The global Nickel-chromium Alloy market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Round Wire Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Nickel-chromium Alloy include Deutsche Nickel GmbH, Alloy Wire International, VZPS, Sandvik, Tokyo Resistance Wire, Jiangsu Huaxin Alloy and Changshu Electric Heating, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Nickel-chromium Alloy manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Nickel-chromium Alloy Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Ton)
Global Nickel-chromium Alloy Market Segment Percentages, by Type, 2021 (%)
Round Wire
Flat Wire
Square Wire
Bars
Shaped Profiles
Global Nickel-chromium Alloy Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Ton)
Global Nickel-chromium Alloy Market Segment Percentages, by Application, 2021 (%)
Resistors
Home Appliances
Industrial
Global Nickel-chromium Alloy Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Ton)
Global Nickel-chromium Alloy Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Nickel-chromium Alloy revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Nickel-chromium Alloy revenues share in global market, 2021 (%)
Key companies Nickel-chromium Alloy sales in global market, 2017-2022 (Estimated), (Ton)
Key companies Nickel-chromium Alloy sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Deutsche Nickel GmbH
Alloy Wire International
VZPS
Sandvik
Tokyo Resistance Wire
Jiangsu Huaxin Alloy
Changshu Electric Heating

Frequently Asked Questions
Nickel-chromium Alloy Market In Global report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Nickel-chromium Alloy Market In Global report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Nickel-chromium Alloy Market In Global report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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