Nickel Boride Alloy Market Size, Share & Industry Analysis, By Product Type ( Ingot, Powder, Lump, Sputtering Target, Other ), By Application ( Deoxidizer, Nitrogen Scavenger, Alloy, Catalyst, Others ) and regional Forecast, 2024-2032

Nickel boride is a type of master alloy used for nitrogen scavenging, filler materials, and deoxider in production of copper nickel alloys. A master alloy is a semi-finished alloy prepared when base metal like aluminum, nickel and copper is combined with high percentage of one or more other elements. Increasing applications in automobile, industrial, general manufacturing, chemical and other sectors is expected to drive the market.

There has been substantial increase in demand from industrial sector for wear resistant, strong and stiff metal alloy. The increasing demand for nickel boride due to its physical properties shall drive the market growth. Additionally, nickel boride is utilized as a nitrogen scavenger in nickel–copper alloys. It is also pre-dominantly used in nickel-steel production.

However, there has been extensive research in chemicals and materials sector from last decade. Introduction of new materials with enhanced qualities shall act as a limiting factor for the market growth.

Market Segmentation:

Based on product type, the market is segmented into powder, lump, ingot, sputtering target and others. Based on application, the market is segmented into deoxidizer, nitrogen scavenger, alloy, catalyst, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global nickel boride alloy market consists of global & regional players operating. Some of the key players in the market include KC Jones Plating Company, Luoyang Tongrun Info Technology, NIPPON DENKO, Liaoyang International Boron Alloys, and others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Nickel Boride Alloy Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold largest share in the market attributed the large number of manufacturing companies. Additionally, the extensive R&D in chemical and materials sector shall positively impact the market. Europe is estimated to hold significant share in market due to the high demand from industrial sector. Asia Pacific is anticipated to hold substantial share due to rapid industrialization and increasing demand from countries with large manufacturing base like China and India. Latin America and Middle East and Africa are expected to show sluggish growth by the end of the forecast period.

Segmentation

Nickel Boride Alloy Industry Developments

• In May 2018, KC Jones plating company continues its expansion with setting manufacturing facilities in Michigan, Indiana and Mexico.