PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1446979
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1446979
Copper-Nickel Alloys Market Forecasts to 2030 - Global Analysis By Product Type, Application and By Geography
According to Stratistics MRC, the Global Copper-Nickel Alloys Market is accounted for $4612.38 million in 2023 and is expected to reach $7752.38 million by 2030 growing at a CAGR of 7.7% during the forecast period. Copper-nickel alloys are also known as cupronickel alloys; widely used for marine applications due to their excellent resistance to seawater corrosion, low macrofouling rates, and good fabricability. These alloys offer a combination of excellent corrosion resistance, high thermal conductivity, and good mechanical properties, making them highly versatile and suitable for a wide range of applications. Common applications of copper-nickel alloys include marine engineering (such as shipbuilding and offshore structures), electrical and electronic, automotive industry.
According to the International Energy Agency, the installed electricity-generating capacity of the region is expected to rise by ~7% per annum, to reach 6,113 GW by 2030 from 3,386 GW in 2019.
Market Dynamics:
Driver:
Surge in adoption of copper-nickel alloys in renewable energy projects
Copper-Nickel alloys, with their exceptional resistance to corrosion and high heat tolerance, are critical components in various renewable energy projects. They're vital for heat exchangers and condensers in concentrated solar power plants, desalination plants crucial for renewable water solutions, and even undersea cables transmitting power from offshore wind farms. This surge in demand from the clean energy sector, coupled with growing environmental concerns and stricter regulations, is fuelling the copper-nickel alloys market, making it a key player in the transition towards a more sustainable future.
Restraint:
High material costs
Expensive raw materials translate to higher production costs for copper-nickel alloys. This makes them less competitive compared to some alternatives like stainless steel, especially in price-sensitive applications. Also, this cost barrier can limit the market penetration of copper-nickel alloys, particularly in emerging economies or projects with tight budgets. Thus, these factors are limiting market growth.
Opportunity:
Automotive applications
Copper-Nickel alloys unique blend of strength, corrosion resistance, and heat tolerance makes them ideal for several key applications, such as electric vehicles and autonomous vehicles. These alloys are vital for high-performance battery cooling systems, ensuring efficient heat dissipation and longer battery life in EVs. Their durability and reliability are crucial for sensors and critical components in self-driving cars, ensuring smooth operation and safety. Furthermore, alloys can help reduce vehicle weight by replacing heavier components and improving fuel efficiency and overall performance. As the automotive industry embraces electrification and sustainability, copper-nickel alloys are poised to be a key driver.
Threat:
Environmental concerns
The extraction and processing of nickel, a key component of the alloys, can raise environmental concerns. This includes, land degradation, water pollution and air pollution. Stricter environmental regulations and growing public awareness can lead to increased scrutiny of the market, potentially impacting production methods and sourcing practices. Addressing environmental concerns may require additional investments in responsible sourcing, cleaner production methods, and improved recycling infrastructure, potentially increasing costs and impacting market competitiveness.
Covid-19 Impact
The COVID-19 pandemic initially disrupted the copper-nickel alloys market due to lockdowns, supply chain disruptions, and decreased industrial activity. However, as economies gradually reopened and stimulus measures were implemented, demand for copper-nickel alloys rebounded, driven by infrastructure investments, renewable energy projects, and the recovery of key end-user industries like automotive and construction. While short-term challenges persist, the long-term outlook remains positive as the market adapts to changing dynamics and leverages opportunities.
The rods and bars segment is expected to be the largest during the forecast period
The rods and bars segment is estimated to hold the largest share. Rods and bars made from copper-nickel alloys offer exceptional corrosion resistance, thermal conductivity, and mechanical strength, making them ideal for use in critical environments exposed to harsh conditions. Common applications include shipbuilding, offshore structures, electrical wiring, heat exchangers, and architectural elements. Moreover, this segment plays a crucial role in providing essential materials for various sectors, contributing to the overall growth and stability of the market.
The telecommunication segment is expected to have the highest CAGR during the forecast period
The telecommunication segment is anticipated to have lucrative growth during the forecast period. The superior electrical conductivity, resilience to corrosion, and robustness of copper-nickel alloys make them highly valued for use in telecommunication network applications such cables, connections, and antennas. These alloys enable reliable transmission of signals, data, and power, ensuring high-performance and long-term reliability in communication systems. With the ongoing expansion of telecommunications networks, the demand for copper-nickel alloys in the telecommunications segment continues to grow, driving innovation and advancement in the industry.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to rapid industrialization, infrastructure development, and increasing demand from key end-user industries. Countries like China, India, Japan, and South Korea are prominent contributors to market expansion, with robust manufacturing sectors and substantial investments in construction, automotive, and electronics. Additionally, with a growing emphasis on renewable energy and sustainability, the Asia-Pacific market presents abundant opportunities for growth.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period, due to advanced manufacturing capabilities and stringent quality standards. North America's focus on infrastructure modernization, renewable energy projects, and technological innovation further drives the demand for these alloys. With a strong emphasis on sustainability and environmental responsibility, there are ample opportunities for growth and development in the North American market, making it a vital contributor to the region's industrial and economic landscape.
Key players in the market
Some of the key players in the Copper-Nickel Alloys Market include Corrotherm International Ltd, Lebronze Alloys SAS, Fisk Alloy Inc, Aesteiron Steels LLP, Materion Corp, American Elements Inc, Columbia Metals Ltd, Aviva Metals Inc, Hexion Steel Ltd, Kalikund Steel and Engg Co, National Electronic Alloys and Powerway Alloy.
Key Developments:
In January 2024, Lebronze alloys and Vista Metals join forces in creating Lebronze alloys North America (LBA-NA). LBA-NA benefits from the operational support and service expertise of Vista Metals, a long-time partner of Lebronze alloys. Vista Metals will continue to independently market and serve its current product lines.
In July 2022, Corrotherm International has announced that they have signed a distribution and representation agreement with voestalpine BOHLER Bleche & Co KG for the Middle East for single cross-rolled sheets and plates in super-duplex, super-austenitic, nickel alloys and titanium alloys.
Product Types Covered:
- Rods and Bars
- Tubes
- Wires
- Plate & Strip
- Other Product Types
Applications Covered:
- Chemical Processing
- Oil and Gas
- Marine
- Automotive
- Telecommunication
- Aerospace
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Copper-Nickel Alloys Market, By Product Type
- 5.1 Introduction
- 5.2 Rods and Bars
- 5.3 Tubes
- 5.4 Wires
- 5.5 Plate & Strip
- 5.6 Other Product Types
6 Global Copper-Nickel Alloys Market, By Application
- 6.1 Introduction
- 6.2 Chemical Processing
- 6.3 Oil and Gas
- 6.4 Marine
- 6.5 Automotive
- 6.6 Telecommunication
- 6.7 Aerospace
- 6.8 Other Applications
7 Global Copper-Nickel Alloys Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Corrotherm International Ltd
- 9.2 Lebronze Alloys SAS
- 9.3 Fisk Alloy Inc
- 9.4 Aesteiron Steels LLP
- 9.5 Materion Corp
- 9.6 American Elements Inc
- 9.7 Columbia Metals Ltd
- 9.8 Aviva Metals Inc
- 9.9 Hexion Steel Ltd
- 9.10 Kalikund Steel and Engg Co
- 9.11 National Electronic Alloys
- 9.12 Powerway Alloy
List of Tables
- Table 1 Global Copper-Nickel Alloys Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Copper-Nickel Alloys Market Outlook, By Product Type (2021-2030) ($MN)
- Table 3 Global Copper-Nickel Alloys Market Outlook, By Rods and Bars (2021-2030) ($MN)
- Table 4 Global Copper-Nickel Alloys Market Outlook, By Tubes (2021-2030) ($MN)
- Table 5 Global Copper-Nickel Alloys Market Outlook, By Wires (2021-2030) ($MN)
- Table 6 Global Copper-Nickel Alloys Market Outlook, By Plate & Strip (2021-2030) ($MN)
- Table 7 Global Copper-Nickel Alloys Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 8 Global Copper-Nickel Alloys Market Outlook, By Application (2021-2030) ($MN)
- Table 9 Global Copper-Nickel Alloys Market Outlook, By Chemical Processing (2021-2030) ($MN)
- Table 10 Global Copper-Nickel Alloys Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 11 Global Copper-Nickel Alloys Market Outlook, By Marine (2021-2030) ($MN)
- Table 12 Global Copper-Nickel Alloys Market Outlook, By Automotive (2021-2030) ($MN)
- Table 13 Global Copper-Nickel Alloys Market Outlook, By Telecommunication (2021-2030) ($MN)
- Table 14 Global Copper-Nickel Alloys Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 15 Global Copper-Nickel Alloys Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 16 North America Copper-Nickel Alloys Market Outlook, By Country (2021-2030) ($MN)
- Table 17 North America Copper-Nickel Alloys Market Outlook, By Product Type (2021-2030) ($MN)
- Table 18 North America Copper-Nickel Alloys Market Outlook, By Rods and Bars (2021-2030) ($MN)
- Table 19 North America Copper-Nickel Alloys Market Outlook, By Tubes (2021-2030) ($MN)
- Table 20 North America Copper-Nickel Alloys Market Outlook, By Wires (2021-2030) ($MN)
- Table 21 North America Copper-Nickel Alloys Market Outlook, By Plate & Strip (2021-2030) ($MN)
- Table 22 North America Copper-Nickel Alloys Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 23 North America Copper-Nickel Alloys Market Outlook, By Application (2021-2030) ($MN)
- Table 24 North America Copper-Nickel Alloys Market Outlook, By Chemical Processing (2021-2030) ($MN)
- Table 25 North America Copper-Nickel Alloys Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 26 North America Copper-Nickel Alloys Market Outlook, By Marine (2021-2030) ($MN)
- Table 27 North America Copper-Nickel Alloys Market Outlook, By Automotive (2021-2030) ($MN)
- Table 28 North America Copper-Nickel Alloys Market Outlook, By Telecommunication (2021-2030) ($MN)
- Table 29 North America Copper-Nickel Alloys Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 30 North America Copper-Nickel Alloys Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 31 Europe Copper-Nickel Alloys Market Outlook, By Country (2021-2030) ($MN)
- Table 32 Europe Copper-Nickel Alloys Market Outlook, By Product Type (2021-2030) ($MN)
- Table 33 Europe Copper-Nickel Alloys Market Outlook, By Rods and Bars (2021-2030) ($MN)
- Table 34 Europe Copper-Nickel Alloys Market Outlook, By Tubes (2021-2030) ($MN)
- Table 35 Europe Copper-Nickel Alloys Market Outlook, By Wires (2021-2030) ($MN)
- Table 36 Europe Copper-Nickel Alloys Market Outlook, By Plate & Strip (2021-2030) ($MN)
- Table 37 Europe Copper-Nickel Alloys Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 38 Europe Copper-Nickel Alloys Market Outlook, By Application (2021-2030) ($MN)
- Table 39 Europe Copper-Nickel Alloys Market Outlook, By Chemical Processing (2021-2030) ($MN)
- Table 40 Europe Copper-Nickel Alloys Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 41 Europe Copper-Nickel Alloys Market Outlook, By Marine (2021-2030) ($MN)
- Table 42 Europe Copper-Nickel Alloys Market Outlook, By Automotive (2021-2030) ($MN)
- Table 43 Europe Copper-Nickel Alloys Market Outlook, By Telecommunication (2021-2030) ($MN)
- Table 44 Europe Copper-Nickel Alloys Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 45 Europe Copper-Nickel Alloys Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 46 Asia Pacific Copper-Nickel Alloys Market Outlook, By Country (2021-2030) ($MN)
- Table 47 Asia Pacific Copper-Nickel Alloys Market Outlook, By Product Type (2021-2030) ($MN)
- Table 48 Asia Pacific Copper-Nickel Alloys Market Outlook, By Rods and Bars (2021-2030) ($MN)
- Table 49 Asia Pacific Copper-Nickel Alloys Market Outlook, By Tubes (2021-2030) ($MN)
- Table 50 Asia Pacific Copper-Nickel Alloys Market Outlook, By Wires (2021-2030) ($MN)
- Table 51 Asia Pacific Copper-Nickel Alloys Market Outlook, By Plate & Strip (2021-2030) ($MN)
- Table 52 Asia Pacific Copper-Nickel Alloys Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 53 Asia Pacific Copper-Nickel Alloys Market Outlook, By Application (2021-2030) ($MN)
- Table 54 Asia Pacific Copper-Nickel Alloys Market Outlook, By Chemical Processing (2021-2030) ($MN)
- Table 55 Asia Pacific Copper-Nickel Alloys Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 56 Asia Pacific Copper-Nickel Alloys Market Outlook, By Marine (2021-2030) ($MN)
- Table 57 Asia Pacific Copper-Nickel Alloys Market Outlook, By Automotive (2021-2030) ($MN)
- Table 58 Asia Pacific Copper-Nickel Alloys Market Outlook, By Telecommunication (2021-2030) ($MN)
- Table 59 Asia Pacific Copper-Nickel Alloys Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 60 Asia Pacific Copper-Nickel Alloys Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 61 South America Copper-Nickel Alloys Market Outlook, By Country (2021-2030) ($MN)
- Table 62 South America Copper-Nickel Alloys Market Outlook, By Product Type (2021-2030) ($MN)
- Table 63 South America Copper-Nickel Alloys Market Outlook, By Rods and Bars (2021-2030) ($MN)
- Table 64 South America Copper-Nickel Alloys Market Outlook, By Tubes (2021-2030) ($MN)
- Table 65 South America Copper-Nickel Alloys Market Outlook, By Wires (2021-2030) ($MN)
- Table 66 South America Copper-Nickel Alloys Market Outlook, By Plate & Strip (2021-2030) ($MN)
- Table 67 South America Copper-Nickel Alloys Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 68 South America Copper-Nickel Alloys Market Outlook, By Application (2021-2030) ($MN)
- Table 69 South America Copper-Nickel Alloys Market Outlook, By Chemical Processing (2021-2030) ($MN)
- Table 70 South America Copper-Nickel Alloys Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 71 South America Copper-Nickel Alloys Market Outlook, By Marine (2021-2030) ($MN)
- Table 72 South America Copper-Nickel Alloys Market Outlook, By Automotive (2021-2030) ($MN)
- Table 73 South America Copper-Nickel Alloys Market Outlook, By Telecommunication (2021-2030) ($MN)
- Table 74 South America Copper-Nickel Alloys Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 75 South America Copper-Nickel Alloys Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 76 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Country (2021-2030) ($MN)
- Table 77 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Product Type (2021-2030) ($MN)
- Table 78 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Rods and Bars (2021-2030) ($MN)
- Table 79 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Tubes (2021-2030) ($MN)
- Table 80 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Wires (2021-2030) ($MN)
- Table 81 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Plate & Strip (2021-2030) ($MN)
- Table 82 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 83 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Application (2021-2030) ($MN)
- Table 84 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Chemical Processing (2021-2030) ($MN)
- Table 85 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 86 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Marine (2021-2030) ($MN)
- Table 87 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Automotive (2021-2030) ($MN)
- Table 88 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Telecommunication (2021-2030) ($MN)
- Table 89 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 90 Middle East & Africa Copper-Nickel Alloys Market Outlook, By Other Applications (2021-2030) ($MN)
