Hastelloy solids prices are predicted to rise due to increased demand from the chemical industries downstream due to the metal's application in pressure vessels for high-temperature corrosion resistance.
Additionally, this plays a key role in chemical processing, petroleum and gas extraction, marine engineering, and aerospace. The price per kilogram of hastelloy solids will be about $2.10 or $2.20 by 2027.
Overall, the global supply of Hastelloy grows at an average annual rate of 3%, by 2027 it will be about 1.9 million metric tons or 1.8 million pounds.