Sat. Jul 2nd, 2022

The global nickel boride alloy market size is expected to augment market growth during the forecast period. Rising demand for the product in the manufacturing chemical, automobile, and industrial sectors is likely to propagate market growth. Fortune Business Insights™ provides this information in its report titled “Nickel Boride Alloy Market, 2021-2028.

Nickel boride alloy is a master alloy used to produce nitrogen scavenging, dioxides to produce a copper-nickel alloy, and filler material. It is an extremely strong and pure material used in the industrial sector to produce superior quality metal. Nickel boride alloy is used to manufacture durable automotive parts that offer excellent resistance against harsh environments. Furthermore, it is used in the construction industry to enhance building strength and increase resistance against harsh environments. In addition, nickel boride alloyis also used to manufacture chemicals and enhance the strength of metal components. Therefore, the rising adoption of the product is likely to fuel the market growth during the foreseeable period. 

Get Sample PDF Brochure:-

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/nickel-boride-alloy-market-104229

Segments

By product type, the market is segregated into powder, ingot, sputtering target, lump, and others. Based on application, it is categorized into catalyst, nitrogen scavenger, alloy, deoxidizer, and others. Geographically, it is grouped into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. 

Highlights of the Report

  • This report provides an analysis of the top segments and the recent market trends.
  • It comprehensively studies the driving and restraining factors and the impact of COVID-19 on the global market.
  • The report examines the strategies deployed by the market’s key players and the regional developments.

Drivers and Restraints

Strong Demand from the Industrial Sector to Elevate Market Growth

Nickel boride alloy’s toughness, stiffness, and wear resistance are responsible for increasing industrial sector applications. It enhances the production quality of metals and other construction materials. It is used in the aerospace and defense sectors to produce superior aircraft parts. It is also used in the electronics sector to manufacture smartphones, laptops, and tablet components. Nickel boride alloy is utilized in the automotive sector to manufacture substantial thermally conductive automobile parts. Additionally, the alloy is used in chemical industries to produce coats that enhance the metal part’s strength. Therefore, the increasing applications of the alloy are likely to drive the nickel boride alloy market growth.

However, the introduction of new materials possessing better qualities is likely to hamper the market growth. 

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/nickel-boride-alloy-market-104229

Regional Insights

Presence of Manufacturing Companies to Boost Market Growth

North America is projected to dominate the nickel boride alloy market share because of the huge presence of several manufacturing companies. In addition, the heavy investment in R&D is likely to boost market growth.

In Europe, soaring demand for nickel boride alloys from the industrial sector is likely to steer the market growth.

In Asia Pacific, strong demand from manufacturing bases in India and China is expected to bolster the nickel boride alloy’s demand. In addition, rapid industrialization in the region is likely to augment market growth. 

Competitive Landscape

Novel Product Launches by Major Brands to Enhance Product Portfolio

The prominent companies operating in the market launch novel products with enhanced quality to expand their product portfolio. In addition, the companies invest heavily in research and development to improve their product quality. This strategy can enable the company to launch products that satisfy the consumer’s requirements, which, in turn, can enhance their brand image. Furthermore, merger activities can enable companies to adopt new production techniques and resources. Thus, this strategy can enhance their market position. 

Industry Development

  • May 2018: KC Jones plating company undertook the expansion of its manufacturing base in Indiana, Mexico, and Michigan.

List of Key Players Profiled in the Nickel Boride Alloy Market Report

  • KC Jones Plating Company
  • Luoyang Tongrun Info Technology
  • NIPPON DENKO
  • Liaoyang International Boron Alloys

Read Related News:

 

Self-Healing Materials MarketOpportunities

Self-Healing Materials MarketRevenue

Self-Healing Materials Market Demand

Self-Healing Materials Market Opportunities

Self-Healing Materials Market Future Trends

Self-Healing Materials MarketGrowth

Self-Healing Materials Market Geographical Segmentation

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

LinkedIn Facebook Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *