Pure Nickel Wire Market

Nickel is a popular material for wires because its top layer can resist extreme chemical corrosion, including air and water oxidation. Nickel wire is frequently used in products containing electrical components or those that experience high levels of heat (up to 2,600 °F). Typical applications of nickel wire include heating elements, lighting and lead wires, electrical contacts, semi-conductors, mechanical fasteners, and electrical components in industries such as automotive, aerospace, and medical. Nickel wire is also a popular product used in building batteries.

Market Dynamics:

An increase in demand for pure nickel wire, an increase demand for ventilators, an increase in demand for electronic products, the rapid growth of the automotive industry, and the outbreak of COVID-19 are major factors expected to propel growth of the global pure nickel wire market. The global pure nickel wire market is driven by factors such as growing demand from industries like electronics, solar photovoltaics and electrical manufacturing. Nickel offers superior conductivity compared to alternatives like copper and resistance to corrosion makes it suitable for applications requiring durability and precision. This is driving its use in applications such as resistance temperature detectors, fuel cells and electrical contacts. However, volatility in nickel prices remains a key restraint to market growth.

For instance, in May 2020, Mishra Dhatu Nigam Limited  is a specialized metals and metal alloys manufacturing facility in India, announced that it had developed 99.6 percent pure nickel wire of dia 158 microns indigenously for ventilators use. The wire developed by the company will be used in oxygen sensors pertaining to critical care ventilators to strengthen India's fight against COVID-19 (Coronavirus).

Moreover, according to the India Brand Equity Foundation (IBEF), the Automotive Mission Plan 2020-26 is a mutual initiative by the Government of India and the Indian automotive industry to lay down a roadmap for the development of the industry.

Key features of the study:

• This report provides in-depth analysis of the global pure nickel wire market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2018–2030, considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global pure nickel wire market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Heyco Metals, Inc., KBM Affilips, KANTHAL AB, Novametal Group, Brookfield Wire Company, Metal Associates, Kaye Corporation, Alloy Wire International Ltd., S and S Wire Products, Inc., Luma Metall AB, Wire Products Company, California Fine Wire Company, A.M. Castle & Co., ThyssenKrupp Materials NA, Inc., and Ulbrich Stainless Steels & Special Metals, Inc.,
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global pure nickel wire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pure nickel wire market

Pure Nickel Wire Market Detailed Segmentation:

• By Type:
  • Soft Pure Nickel Wire
  • Hard Pure Nickel Wire
• By Application:
  • Heating Elements
  • Resistance Wires
  • Other Applications
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles:
  • Heyco Metals, Inc.
  • KBM Affilips
  • KANTHAL AB
  • Novametal Group
  • Brookfield Wire Company
  • Metal Associates
  • Kaye Corporation
  • Alloy Wire International Ltd.
  • S and S Wire Products, Inc.
  • Luma Metall AB
  • Wire Products Company
  • California Fine Wire Company
  • M. Castle & Co.
  • ThyssenKrupp Materials NA, Inc.
  • Ulbrich Stainless Steels & Special Metals, Inc.