According to the latest IMARC group report, titled “High Performance Alloys Market Report: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026 ”, the global market for high performance alloys showed negative growth in 2020. In the future, IMARC group expects the market to grow at a CAGR of 6% during 2021-2026.
High performance alloys, or superalloys, have a face-centered austenitic cubic crystal structure with a fundamental alloying element of cobalt, nickel-iron, or nickel. They offer excellent creep resistance and high temperature mechanical strength, corrosion and oxidation resistance, and good surface stability. Superalloys can be produced and supplied in the form of plates, pipes and tubes, wires, sheets and fittings. They are widely used in power plants, petrochemical and chemical processing, aerospace, and oil and gas industries.
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Global High Performance Alloys Market Tendencies:
Significant growth in the aerospace and defense industries has driven up demand for combat and commercial aircraft, primarily driving the global high performance alloy market. The expansion of electrical and electronic industries further fuel the growth of the market. In addition to this, the governments of various countries have put in place strict regulations to curb the ever-increasing carbon emissions generated by vehicles, which has increased the use of superalloys in the automotive industry.
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Global 2021-2026 High Performance Alloys Market Analysis and Segmentation:
Competitive landscape with Key Player:
- Alcoa Company
- Allegheny Technologies Incorporated
- Aperam SA
- Carpenter Technology Company
- Haynes International Inc.
- Hitachi Metals Ltd. (Hitachi Ltd.)
- Outokumpu Oyj
- Precision Castparts Corp. (Berkshire Hathaway Inc.)
- The Timken Company
- ThyssenKrupp AG
- VSMPO-AVISMA Corporation.
Breakdown by product:
- Non-ferrous metal
- Platinum group metal
Breakdown by material:
Breakdown by application:
- Industrial gas turbine
- Oil and gas
- Electricity and electronics
Breakdown by region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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