Global Monel Alloy Market: Corrosion Resistance Drives 4.8% CAGR Growth to USD 3.2 Billion, Fueled by Marine, Aerospace, and Chemical Processing Demand
The Global Monel Alloy Market is projected to reach USD 3.2 billion by 2030, growing at a 4.8% CAGR. This expansion is driven by the alloy's exceptional corrosion resistance, making it crucial for marine engineering, aerospace, and chemical processing applications. North America holds the largest revenue share, while Asia-Pacific exhibits the fastest growth.
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