Copper-Nickel (CuNi) is also recognized as Cupronickel. It is an alloy of copper which comprises of nickel and also other firming elements, such as iron & manganese. The copper-nickel alloys are also extensively used for marine applications associated with excellent strength to prevent seawater corrosion, ease of fabrication and high inherent & low susceptibility related to the attachment of marine organisms. Moreover, the copper nickel alloy also provides reliable service since the long time now even as offering effective solutions to today’s technological challenges. It is also used in the cryogenic applications with its amalgamation of good ductility holding & thermal-conductivity at very low temperatures further it is advantageous to use it in the low-temperature processing and storage equipment areas, heat exchangers of the cryogenic plants. Moreover, some of the key properties these alloys are inherent resistance to the macrofouling, corrosion resistance, good tensile-strength, and excellent ductility when annealed. The thermal conductivity and expansion distinctiveness are also amenable for heat exchangers & condensers. The copper Nickel alloy is silver in color irrespective of the copper content. The alloy is a corrosion resistant in most of the environments. Furthermore, this alloy composition further differs from the grade to grade. However, the Cupronickel price can further deviate from the market factors associated to locations, and the transportation facilities. Some of the key applications including offshore fire water systems, hydraulic lines, heat exchangers & condensers, seawater pipe-work, sheathing of legs & risers on offshore platform and boat hulls, desalination units and fish cages for aquaculture.
Referring to the study, Global Copper Nickel Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread). Few of the renowned companies operating in the global copper nickel market include SITINDUSTRIE MARINE SAS, Shiv Shakti Impex, Mahabali Steel, Dinesh Industries, Kenco Tubes, Nautic Steels, Metline Industries, Oshwin, NFS and among others. The established players are opting to acquisition, collaboration, partnership, expansion, and the new product launch in order to gain competitive advantage in the market and maintaining market position. Furthermore, the key players are also competing on pricing, and services. The vendors operating in the market also strive to deliver best quality products & services based on the innovative technologies, and best practices. The key players are making a substantial investment for research & development (R&D) and securing a guaranteed resource for the customers.
Based on types, copper nickel market can be segregated as ordinary white copper, complex white copper and industrial white paper. In addition, based on application, market can be segregated as petrochemical engineering, medical equipment, building materials, electric appliances and others.
The copper nickel market has grown considerably due to factors such as growth of chemical industry. Additionally, research & development (R&D) provides a huge market opportunity for the leading players operating in the copper nickel market. Apart from this, relatively high price is estimated to hinder the overall growth of the copper nickel market.
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