The APAC copper-nickel alloys market is expected to grow from US$ 2,148.70 million in 2022 to US$ 3,091.21 million by 2028. It is estimated to grow at a CAGR of 6.2% from 2022 to 2028.
Surge in the Adoption of Copper-Nickel Alloys in Renewable Energy Projects is Driving the APAC Copper Nickel Alloys Market
Governments of various countries are encouraging people to use renewable energy sources to reduce the overall environmental impact. Turbines, paddles, heat exchangers in concentrated solar power (CSP) systems, wind energy turbines, and many components used in renewable energy generation are made of copper-nickel alloys. According to the International Energy Agency (IEA), the use of renewable energy increased by 3% in 2020. The share of power generation through renewable energy sources reached 29% in 2020 from 27% in 2019. Several countries are taking various initiatives to drive investments in the production of clean energy for environment conservation and sustainable economic development. Several government initiatives of different countries are expected to boost the renewable energy sector in the future. The significant rise in renewable energy is projected to fuel the growth of the APAC copper-nickel alloys market in the coming years.APAC Copper-Nickel Alloys Market Overview
The APAC copper-nickel alloys market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The region is one of the prominent markets for copper-nickel alloys owing to the surge in demand from end-use industries such as marine, automotive, chemical, and food processing. Developed and developing economies in APAC, such as Japan, China, South Korea, and India, are among the biggest consumer of copper-nickel alloys. To meet the increasing energy demand, various countries in the APAC region are building power plants. For instance, the Government of India planned to build ten nuclear power plants by 2024. Moreover, in 2021, the Asian Development Bank (ADB) approved a new energy policy promoting low-carbon transition in APAC while supporting universal access to inclusive, reliable, and affordable energy services. The continued economic growth and urbanization of the region require developing reliable and affordable energy systems with significant additional electricity-generating capacity. According to the International Energy Agency, the installed electricity-generating capacity of the region is expected to rise by approximately 7% per annum, from 3,386 GW in 2019 to 6,113 GW by 2030. In addition, the amount of investment in renewable energy production across the region is expected to reach US$ 1.3 trillion per annum by 2030. As copper-nickel alloys can be used in steam turbine condensers, oil coolers, auxiliary cooling systems and high-pressure pre-heaters at thermal, nuclear, and fossil fuel power plants. Thus, a surge in investments in renewable energy projects is expected to boost the demand for copper-nickel alloys in APAC.APAC Copper-Nickel Alloys Market Segmentation
The APAC copper-nickel alloys market is segmented based on product type, application, and country.- Based on product type, the APAC copper-nickel alloys market is segmented into rods & bars, wires, tubes, and others. The rods & bars segment held the largest market share in 2022.
- Based on application, the APAC copper-nickel alloys market is segmented into chemical processing, marine, power generation, oil & gas, automotive & aerospace, and others. The marine segment held the largest market share in 2022.
- Based on country, the APAC copper-nickel alloys market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of APAC. Our regional analysis states that China dominated the market in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Copper-Nickel Alloys Market, by Product Type
1.3.2 APAC Copper-Nickel Alloys Market, by Application
1.3.3 APAC Copper-Nickel Alloys Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Copper-Nickel Alloys Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Copper-Nickel Alloys Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Widespread Applications of Copper-Nickel Alloys
5.1.2 Extensive Usage of Copper-Nickel Alloys in Marine Industry
5.2 Market Restraints
5.2.1 High Cost of Copper-Nickel Alloys
5.3 Market Opportunities
5.3.1 Presence of Large Desalination Plants
5.4 Future Trends
5.4.1 Surge in the Adoption of Copper-Nickel Alloys in Renewable Energy Projects
5.5 Impact Analysis
6. Copper-Nickel Alloys Market - APAC Analysis
6.1 APAC Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
6.2 APAC Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
7. APAC Copper-Nickel Alloys Market Analysis - By Product Type
7.1 Overview
7.2 APAC Copper-Nickel Alloys Market, By Product Type (2021 and 2028)
7.3 Rods and Bars
7.3.1 Overview
7.3.2 Rods and Bars: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
7.3.3 Rods and Bars: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Wires
7.4.1 Overview
7.4.2 Wires: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
7.4.3 Wires: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Tubes
7.5.1 Overview
7.5.2 Tubes: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
7.5.3 Tubes: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
7.6.3 Others: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8. APAC Copper-Nickel Alloys Market Analysis - By Application
8.1 Overview
8.2 APAC Copper-Nickel Alloys Market, By Application (2021 and 2028)
8.3 Chemical Processing
8.3.1 Overview
8.3.2 Chemical Processing: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Marine
8.4.1 Overview
8.4.2 Marine: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Power Generation
8.5.1 Overview
8.5.2 Power Generation: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Oil and Gas
8.6.1 Overview
8.6.2 Oil and Gas: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Automotive and Aerospace
8.7.1 Overview
8.7.2 Automotive and Aerospace: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
9. APAC Copper-Nickel Alloys Market - Country Analysis
9.1 Overview
9.1.1 APAC: Copper-Nickel Alloys Market, by Key Country
9.1.1.1 Australia: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
9.1.1.2 Australia: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Australia: Copper-Nickel Alloys Market, by Product Type
9.1.1.2.2 Australia: Copper-Nickel Alloys Market, by Product Type
9.1.1.2.3 Australia: Copper-Nickel Alloys Market, by Application
9.1.1.3 China: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
9.1.1.4 China: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 China: Copper-Nickel Alloys Market, by Product Type
9.1.1.4.2 China: Copper-Nickel Alloys Market, by Product Type
9.1.1.4.3 China: Copper-Nickel Alloys Market, by Application
9.1.1.5 India: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
9.1.1.6 India: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 India: Copper-Nickel Alloys Market, by Product Type
9.1.1.6.2 India: Copper-Nickel Alloys Market, by Product Type
9.1.1.6.3 India: Copper-Nickel Alloys Market, by Application
9.1.1.7 Japan: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
9.1.1.8 Japan: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.8.1 Japan: Copper-Nickel Alloys Market, by Product Type
9.1.1.8.2 Japan: Copper-Nickel Alloys Market, by Product Type
9.1.1.8.3 Japan: Copper-Nickel Alloys Market, by Application
9.1.1.9 South Korea: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
9.1.1.10 South Korea: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.10.1 South Korea: Copper-Nickel Alloys Market, by Product Type
9.1.1.10.2 South Korea: Copper-Nickel Alloys Market, by Product Type
9.1.1.10.3 South Korea: Copper-Nickel Alloys Market, by Application
9.1.1.11 Rest of APAC: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
9.1.1.12 Rest of APAC: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.12.1 Rest of APAC: Copper-Nickel Alloys Market, by Product Type
9.1.1.12.2 Rest of APAC: Copper-Nickel Alloys Market, by Product Type
9.1.1.12.3 Rest of APAC: Copper-Nickel Alloys Market, by Application
10. Company Profiles
10.1 Corrotherm International Ltd
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Fisk Alloy Inc
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Lebronze Alloys SAS
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Materion Corp
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Aesteiron Steels LLP
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 American Elements Inc
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Hexion Steel Ltd
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Kalikund Steel and Engg Co
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
11. Appendix
11.1 About the Publisher
11.2 Glossary of Terms
Table 1. APAC Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
Table 2. APAC Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Copper-Nickel Alloys Market, by Product Type- Volume and Forecast to 2028 (Kilo Tons)
Table 4. Australia Copper-Nickel Alloys Market, by Product Type- Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. China Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 7. China Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. China Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. India Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 10. India Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. India Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 13. Japan Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 16. South Korea Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 19. Rest of APAC Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 21. Glossary of Terms
Figure 1. APAC Copper-Nickel Alloys Market Segmentation
Figure 2. APAC Copper-Nickel Alloys Market Segmentation - By Country
Figure 3. APAC Copper-Nickel Alloys Market Overview
Figure 4. APAC Copper-Nickel Alloys Market, By Product Type
Figure 5. APAC Copper-Nickel Alloys Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem: APAC Copper-Nickel Alloys Market
Figure 8. Expert Opinion
Figure 9. APAC Copper-Nickel Alloys Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 11. APAC Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Copper-Nickel Alloys Market Revenue Share, By Product Type (2021 and 2028)
Figure 13. Rods and Bars: APAC Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Rods and Bars: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. Wires: APAC Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Wires: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Tubes: APAC Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Tubes: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: APAC Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Others: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. APAC Copper-Nickel Alloys Market Revenue Share, By Application (2021 and 2028)
Figure 22. Chemical Processing: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. Marine: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. Power Generation: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 25. Oil and Gas: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 26. Automotive and Aerospace: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 27. Others: APAC Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 28. APAC: Copper-Nickel Alloys Market, by Key Country - Revenue (2021) (US$ ‘Million)
Figure 29. APAC: Copper-Nickel Alloys Market Revenue Share, by Key Country (2021 and 2028)
Figure 30. Australia: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 31. Australia: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. China: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 33. China: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. India: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 35. India: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. Japan: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 37. Japan: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. South Korea: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 39. South Korea: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of APAC: Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 41. Rest of APAC: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aesteiron Steels LLP
- American Elements Inc
- Corrotherm International Ltd
- Fisk Alloy Inc
- Hexion Steel Ltd
- Kalikund Steel and Engg Co
- Lebronze Alloys SAS
- Materion Corp
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 114 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2148.7 Million |
| Forecasted Market Value ( USD | $ 3091.21 Million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Asia Pacific |
