Nickel Based Superalloys Market Definition
The nickel-based superalloys market is a prominent branch of the advanced materials industry. This industry deals with the manufacturing and distribution of corrosion-resistant nickel alloys across the world. These alloys are manufactured by mixing nickel with other elements such as chromium, molybdenum, tungsten, niobium, iron, titanium, cobalt, and tantalum. It is designed for operating at temperatures above 500’c. The main types of superalloys that are available in the market consist of Waspaloy, Hastelloy c276/c22/x, Alloy 925, Alloy 825, Alloy 718, Alloy 625, Alloy 600/601/602 and others. This market is expected to rise significantly with the growth in the chemical industry in various parts of the world.
The growing demand for wire- and bar-shaped alloys in the manufacturing of aero engines and reciprocating engines has boosted market growth. Also, the application of these alloys has increased in the automotive sector for manufacturing turbochargers, exhaust valves, ignition pre-chamber, nozzles, and some others, is shaping the industry in a positive way. Moreover, the rising usage of nickel-based superalloys in industries such as chemical, oil and gas, power generation, aerospace and defense, and some others is expected to propel the growth of the nickel-based superalloys market.
Advancements in microstructure engineering, along with developments in precipitation-hardened superalloys and refractory elements, are expected to create ample growth opportunities for the market players in the future. In July 2024, Aubert & Duval announced a partnership with Alloyed. This partnership is being done to launch a nickel superalloy named ‘ABD-1000AM’ for numerous applications.
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