Resistance Heating Wire Market (By Type: Kanthal (FeCrAl) Wires, Nickel-Chrome, Cupronickel (CuNi) Alloys, Other; By Application: Petroleum & Petrochemicals, Metallurgical & Machinery, Ceramic & Glass Processing, Electronic Appliances, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025

Introduction

Resistance wire is a type of wire which is used for making electrical resistors. There are several types of resistance wire such as nichrome, a non-magnetic 80/20 alloy of nickel and chromium. These are the most common wires used for heating purposes as it has high resistivity and resistance to oxidation at high temperatures. Moreover, these wires are manufactured in a huge range of alloys, with the diameters from 3.25 mm down to 0.06mm. These wires are used as a heating element; resistance wire is normally offended into coils. The performance and life of heating element depends on properties of material such as it should have high melting point, high tensile strength, high resistivity, and low temperature coefficient of resistance. Resistance heating wire has different material such as Kanthal (FeCrAl) wire, Nickel-Chrome, Cupronickel (CuNi) Alloys, and various other alloys. Furthermore, the major application of heating elements is in electric ovens, heaters, toasters, and also in many industries like petrochemical, and metallurgical & machinery.

Market Dynamics

Increasing use of resistance heating wire in different industries such as petrochemical & petroleum, metallurgical & machinery, and electronic appliances is one of the major factors driving the growth of market. These wires are used in large scale in electrical home appliances like electric ovens and water heaters which may further propel the growth of market. During last few years, there is a significant increase in demand for various consumer goods such as oven and others. Increasing per capita income of people, rising demand for various consumer goods, and changing lifestyle have fuelled the growth of market. Moreover, it is increasingly used for heating elements in electric heaters, toasters, and others; as heating element converts electrical energy into heat during the process of resistive. However, presence of huge number of alternatives and high cost of the material may slow the growth of the market.

Among all resistance heating wire types, nickel-chrome held major position in terms of market share. As nickel-chrome is a composition of nickel, chromium, and iron, it is made of a non-magnetic alloy. Generally nickel-chrome consists of 80% nickel and 20% chromium by mass and mostly used as resistance wire. The basic properties of nickel-chrome vary depending on its alloy, characterized by its resistivity and better oxidation resistance. Nickel-Chrome wires are known for their high mechanical strength, good ductility after use and excellent weld ability. Due to its massive application such as it is used to manufacture monel with iron and steel, gears, to produce stainless steel and other propel the nickel-chrome segment to held largest share.

The market research study on “Resistance Heating Wire Market (Type: Kanthal (FeCrAl) Wires, Nickel-Chrome, Cupronickel (CuNi) Alloys, Other; Application: Petroleum & Petrochemicals, Metallurgical & Machinery, Ceramic & Glass Processing, Electronic Appliances, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, offers a detailed insights on the global resistance heating wire market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global resistance heating wire market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global resistance heating wire market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The resistance heating wire market analysis is provided for major regional markets including North America, Europe, China, Southeast Asia, Japan and India followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. Europe is expected to hold the significant place in the market during the forecasted period owing to the increasing demand for home appliance products such as electric heater, ovens and others. Moreover, rising government support is another factor propelling the growth of market in this region. Asia-Pacific is expected to witness a strong growth during the forecasted period owing to the increasing expenditure and per capita income. Additionally, LAMEA is expecting a steady growth due to poor economical condition and less government support. Asia-Pacific has the rising demand from petrochemical, electronic appliances, and many more, whereas China is a larger manufacturer of resistance heating wire. The players profiled in the report include KANTHAL, Isabellenhutte, Sedes Group S.r.l., Danyang Xinli Alloy Co., Ltd., Mega Heaters, Eltherm, Furukawa, Xinghuo Special Steel Co., Ltd., Chongquing Chuanyi metallic functional materials Co., Ltd., Changshu Electric Heating Alloy Material Factory Co., Ltd., TaiZhou JiShen Resistance Wire Co., LTD, Omega, and among others.

Market Segmentation

Market By Type

• Kanthal (FeCrAl) Wires
• Nickel-Chrome
• Cupronickel (CuNi) Alloys
• Other

Market By Application

• Petroleum & Petrochemicals
• Metallurgical & Machinery
• Ceramic & Glass Processing
• Electronic Appliances
• Others

Market By Geography

• North America
• Europe
• China
• Southeast Asia
• Japan
• India