Pure Nickel Wire Market, By Type (Soft Pure Nickel Wire, Hard Pure Nickel Wire), By Application (Heating Elements, Resistance Wires, Other Applications), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Description

The Global Pure Nickel Wire Market size was valued at US$ 70.8 million in 2022 and is expected to reach US$ 102.2 million by 2030, grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 70.8 Mn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	4.70%	2030 Value Projection:	US$ 102.2 Mn

Figure 1. Global Pure Nickel Wire Market Share (%), By Region

Nickel is a popular material for wires because its top layer can resist extreme chemical corrosion, including air and water oxidation. Nickel wire is frequently used in products containing electrical components or those that experience high levels of heat (up to 2,600 °F). Typical applications of nickel wire include heating elements, lighting and lead wires, electrical contacts, semi-conductors, mechanical fasteners, and electrical components in industries such as automotive, aerospace, and medical. Nickel wire is also a popular product used in building batteries.

Market Dynamics:

An increase in demand for pure nickel wire, an increase demand for ventilators, an increase in demand for electronic products, the rapid growth of the automotive industry, and the outbreak of COVID-19 are major factors expected to propel growth of the global pure nickel wire market. The global pure nickel wire market is driven by factors such as growing demand from industries like electronics, solar photovoltaics and electrical manufacturing. Nickel offers superior conductivity compared to alternatives like copper and resistance to corrosion makes it suitable for applications requiring durability and precision. This is driving its use in applications such as resistance temperature detectors, fuel cells and electrical contacts. However, volatility in nickel prices remains a key restraint to market growth.

For instance, in May 2020, Mishra Dhatu Nigam Limited is a specialized metals and metal alloys manufacturing facility in India, announced that it had developed 99.6 percent pure nickel wire of dia 158 microns indigenously for ventilators use. The wire developed by the company will be used in oxygen sensors pertaining to critical care ventilators to strengthen India's fight against COVID-19 (Coronavirus).

Moreover, according to the India Brand Equity Foundation (IBEF), the Automotive Mission Plan 2020-26 is a mutual initiative by the Government of India and the Indian automotive industry to lay down a roadmap for the development of the industry.

Key features of the study:

This report provides in-depth analysis of the global pure nickel wire market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2018-2030, considering 2022 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global pure nickel wire market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Heyco Metals, Inc., KBM Affilips, KANTHAL AB, Novametal Group, Brookfield Wire Company, Metal Associates, Kaye Corporation, Alloy Wire International Ltd., S and S Wire Products, Inc., Luma Metall AB, Wire Products Company, California Fine Wire Company, A.M. Castle & Co., ThyssenKrupp Materials NA, Inc., and Ulbrich Stainless Steels & Special Metals, Inc.,
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global pure nickel wire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pure nickel wire market

Pure Nickel Wire Market Detailed Segmentation:

By Type:
- Soft Pure Nickel Wire
- Hard Pure Nickel Wire
By Application:
- Heating Elements
- Resistance Wires
- Other Applications
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Company Profiles:
- Heyco Metals, Inc.
- KBM Affilips
- KANTHAL AB
- Novametal Group
- Brookfield Wire Company
- Metal Associates
- Kaye Corporation
- Alloy Wire International Ltd.
- S and S Wire Products, Inc.
- Luma Metall AB
- Wire Products Company
- California Fine Wire Company
- M. Castle & Co.
- ThyssenKrupp Materials NA, Inc.
- Ulbrich Stainless Steels & Special Metals, Inc.

Product Code: CMI5715

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Pure Nickel Wire, By Type
- Market Pure Nickel Wire, By Application
- Market Pure Nickel Wire, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Increasing demand for pure nickel wire
- High cost of pure nickel wire
- Rapid growth of the automotive industry
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Pure Nickel Wire Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Pure Nickel Wire Market, By Type, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Soft Pure Nickel Wire
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Hard Pure Nickel Wire
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

6. Pure Nickel Wire Market, By Application, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Heating Elements
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Resistance Wires
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Other Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

7. Pure Nickel Wire Market, By Region, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
GCC Countries
Israel
South Africa
Central Africa
North Africa
Rest of Middle East

8. Competitive Landscape

Heyco Metals, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
KBM Affilips
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
KANTHAL AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Novametal Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Brookfield Wire Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Metal Associates
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kaye Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Alloy Wire International Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
S and S Wire Products, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Luma Metall AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Wire Products Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
California Fine Wire Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
A.M. Castle & Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ThyssenKrupp Materials NA, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Ulbrich Stainless Steels & Special Metals, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Analyst Views

9. Section

Research Methodology
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