The North America copper-nickel alloys market is expected to grow from US$ 593.87 million in 2022 to US$ 802.79 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2022 to 2028.
Extensive Usage of Copper-Nickel Alloys in Marine Industry is Driving the North America Copper-Nickel Alloys Market
Ships, cargos, and other seagoing vessels need a large amount of seawater for fire water systems, cooling systems, ballast systems, and sprinkler systems, which reduces the lifespan of vessels. Copper-nickel alloys have a high resistance to seawater corrosion and biofouling due to the formation of a protective oxide film on the metal surface. Therefore, the alloys are used for shipbuilding and seawater system fabrication. In addition, copper-nickel alloys have excellent ductility and toughness. Moreover, they are also resistant to stress-corrosion cracking. Therefore, copper-nickel alloys; especially Cu-Ni (90-10) and Cu-Ni (70-30); are extensively used in the marine industry. The growth of the marine industry provides significant growth potential to the copper-nickel alloys market. With the rising sales of boats, ships, and other marine products and services, the demand for copper-nickel alloys is expected to increase in the coming years, driving the market growth. Copper-nickel alloys are usually used in the manufacturing of claddings for ship hulls and seawater pipes, fittings, and intake screens. Shell and tube heat exchangers used in seawater cooling systems are supplied with seawater through pipes. Also, valves control seawater flow. The pipes and valves are generally made of copper-nickel alloys with high seawater corrosion resistance. Further, the alloys are also used in bilge and ballast systems. These systems are used to fill empty bilges and to empty or fill ballast spaces with seawater within the ship. Thus, the widespread applications of copper-nickel alloys in the marine industry bolster the growth of the North America copper-nickel alloys market.North America Copper-Nickel Alloys Market Overview
The North America copper-nickel alloys market is segmented into the US, Canada, and Mexico. The market growth is attributed to the increasing use of copper-nickel alloys in various industries such as aerospace, chemical processing, marine, oil & gas, automotive, and power generation. In the automotive industry, copper-nickel alloys are used in the manufacturing of fuel-efficient and pollution-controlled engines and components, including powertrain parts, valve seats, braking and steering systems, bearings, bushings, etc. As a result, the demand for copper-nickel alloys is expected to rise significantly with the expansion of the automobile sector. According to the International Organization of Motor Vehicle Manufacturers (OICA), vehicle production in North America increased from over 13.3 million in 2020 to 13.4 million vehicles in 2021. Copper-nickel alloys are increasingly employed for the break & hydraulic suspension systems and cooling systems in cars and commercial vehicles. Thus, the surge in vehicle production across the region is expected to drive the North America copper-nickel alloys market during the forecast period.North America Copper-Nickel Alloys Market Revenue and Forecast to 2028 (US$ Million)
North America Copper-Nickel Alloys Market Segmentation
The North America copper-nickel alloys market is segmented based on product type, application, and country.- Based on product type, the North America 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 North America 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 North America copper-nickel alloys market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US 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 North America Copper-Nickel Alloys Market, by Product Type
1.3.2 North America Copper-Nickel Alloys Market, by Application
1.3.3 North America 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. North America 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. North America 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 - North America Analysis
6.1 North America Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
6.2 North America Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
7. North America Copper-Nickel Alloys Market Analysis - By Product Type
7.1 Overview
7.2 North America 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. North America Copper-Nickel Alloys Market Analysis - By Application
8.1 Overview
8.2 North America 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. North America Copper-Nickel Alloys Market - Country Analysis
9.1 Overview
9.1.1 North America: Copper-Nickel Alloys Market, by Key Country
9.1.1.1 US: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
9.1.1.2 US: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 US: Copper-Nickel Alloys Market, by Product Type
9.1.1.2.2 US: Copper-Nickel Alloys Market, by Product Type
9.1.1.2.3 US: Copper-Nickel Alloys Market, by Application
9.1.1.3 Canada: Copper-Nickel Alloys Market-Volume and Forecast to 2028 (Kilo Tons)
9.1.1.4 Canada: Copper-Nickel Alloys Market-Revenue and Forecast to 2028 (Kilo Tons)
9.1.1.4.1 Canada: Copper-Nickel Alloys Market, by Product Type
9.1.1.4.2 Canada: Copper-Nickel Alloys Market, by Product Type
9.1.1.4.3 Canada: Copper-Nickel Alloys Market, by Application
9.1.1.5 Mexico: Copper-Nickel Alloys Market-Volume and Forecast to 2028 (Kilo Tons)
9.1.1.6 Mexico: Copper-Nickel Alloys Market-Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Mexico: Copper-Nickel Alloys Market, by Product Type
9.1.1.6.2 Mexico: Copper-Nickel Alloys Market, by Product Type
9.1.1.6.3 Mexico: 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 Aviva Metals Inc
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
10.9 Kalikund Steel and Engg Co
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
11. Appendix
11.1 About the Publisher
11.2 Glossary of Terms
List of Tables
Table 1. North America Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
Table 2. North America Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. US Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 4. US Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. US Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 7. Canada: Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Copper-Nickel Alloys Market, by Product Type - Volume and Forecast to 2028 (Kilo Tons)
Table 10. Mexico Copper-Nickel Alloys Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Copper-Nickel Alloys Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. Glossary of Terms
List of Figures
Figure 1. North America Copper-Nickel Alloys Market Segmentation
Figure 2. North America Copper-Nickel Alloys Market Segmentation - By Country
Figure 3. North America Copper-Nickel Alloys Market Overview
Figure 4. North America Copper-Nickel Alloys Market, By Product Type
Figure 5. North America Copper-Nickel Alloys Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Ecosystem: North America Copper-Nickel Alloys Market
Figure 8. Expert Opinion
Figure 9. North America Copper-Nickel Alloys Market Impact Analysis of Drivers and Restraints
Figure 10. North America Copper-Nickel Alloys Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 11. North America Copper-Nickel Alloys Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Copper-Nickel Alloys Market Revenue Share, By Product Type (2021 and 2028)
Figure 13. Rods and Bars: North America Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Rods and Bars: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. Wires: North America Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Wires: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Tubes: North America Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Tubes: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: North America Copper-Nickel Alloys Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Others: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. North America Copper-Nickel Alloys Market Revenue Share, By Application (2021 and 2028)
Figure 22. Chemical Processing: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. Marine: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. Power Generation: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 25. Oil and Gas: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 26. Automotive and Aerospace: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 27. Others: North America Copper-Nickel Alloys Market - Revenue and Forecast To 2028 (US$ Million)
Figure 28. North America: Copper-Nickel Alloys Market, by Key Country - Revenue (2021) (US$ ‘Million)
Figure 29. North America: Copper-Nickel Alloys Market Revenue Share, by Key Country (2021 and 2028)
Figure 30. US: Copper-Nickel Alloys Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 31. US: Copper-Nickel Alloys Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Copper-Nickel Alloys Market-Volume and Forecast to 2028 (Kilo Tons)
Figure 33. Canada: Copper-Nickel Alloys Market-Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: Copper-Nickel Alloys Market-Volume and Forecast to 2028 (Kilo Tons)
Figure 35. Mexico: Copper-Nickel Alloys Market-Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- Aesteiron Steels LLP
- American Elements Inc
- Aviva Metals 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 | 101 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 593.87 Million |
| Forecasted Market Value ( USD | $ 802.79 Million |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | North America |
| No. of Companies Mentioned | 9 |
