Chemicals and Materials Global Nickel Alloy Market Growth Status | Page 2

automotive, chemical, electrical & electronics, energy & power, oil & gas and
others.
Increase in Aircraft Component Manufacturing to Boost the
Demand for Nickel Alloy in the Future
The global nickel alloy market is thriving on the back of increase in aircraft
component manufacturing. In aircrafts, nickel alloy is used to manufacture
exhaust systems, blades, hydraulic pumps and various other components.
In aircrafts, nickel alloy is used to manufacture exhaust systems, blades,
hydraulic pumps and various other components.
Increasing automotive sales- Nickel alloy is used to manufacture
motors, generators, heating elements, turbochargers, gears, pistons, wipers,
clamps etc. in the automotive industry which is anticipated to propel the
growth of the global nickel alloy market.
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Asia-Pacific is expected to lead the market on the back of lucrative aerospace,
automotive, defense, energy and power sector and increasing manufacturing
and export sector is expected to augment the growth of the market. Europe
is expected to grow at a significant rate on the back of use of nickel alloy in
high performance technologies. North America is expected to grow at a
significant growth rate on the back of steady growth in automobile,
electronics, aviation and defense industry and growing chemical industry.
Latin America is expected to grow at a significant rate on the back of the
fueling growth of automobile, aviation, electronics and chemical sector.