Global Superalloys Market & Nickel Alloys Market 2017 Report With Analysis On Applications, Types, Demand, Opportunities, Competition & Growth By 2022
Global Superalloys Market & Global Nickel Alloys Market is an Extensive analysis of industry conducted by following key product positioning and monitoring the top competitors within the market framework. The report will assist reader with better market understanding and decision making.
Dallas, United States – January 8, 2018 /MarketersMedia/ —
Global Superalloys Market:
Global Superalloys Market is valued at $4,170.5 million in 2016 and is expected to reach $7,957.4 million by 2023 growing at a CAGR of 9.7% from 2016 to 2023. Increasing demand for high performance, lightweight materials in aerospace, automotive, industrial gas turbines (IGT) and industrial applications is expected to have a positive impact on superalloys market growth over the forecast period. Growing demand for highly durable materials, rising demand from power industries, increasing government expenditure in emerging economies are the factors enhancing the market growth. However, high cost of base alloys is expected to hamper the superalloys market.
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The Nickel base segment is estimated to account for the largest share in the global superalloys market throughout the forecast period as this material possess high temperature resistant properties and oxidation resistance. Among applications, aerospace segment is expected to dominate the global market due to increasing need for lightweight and high strength materials that can withstand high temperatures.
North America and Europe are the key regions for superalloys market. US, Germany, UK, and France are the market leaders in this regions contributing to the demand for superalloys. Asia Pacific is expected to emerge as the fastest growing region due to increasing demand for superalloys in emerging economies such as China and India.
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Some of the key participants in global superalloys market are Allegheny Technologies Incorporated (ATI), AMG Superalloys, Aperam S.A., Baosteel Group, Beijing Cisri-Gaona Materials & Technology, Carpenter Technology Corporation, Danyang City Kaixin Alloy Material Co. Ltd., Doncasters, Fushun Special Steel Shares, Haynes International Inc., Nippon Yakin Kogyo, Shenyang Hejin Holding, Special Metals Corporation, Super Alloy Industrial, ThyssenKrupp AG and Universal Stainless.
Material Types Covered:
Iron-Base
Cobalt base
Nickel base
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Some TOC Points:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Superalloys Market, By Material type
6 Global Superalloys Market, By Application
…Continued
Part 2:
Global Nickel Alloys Market:
Global Nickel Alloys Market is accounted for $11.69 billion in 2016 and is expected to reach $15.95 billion by 2023 growing at a CAGR of 4.5% during the forecast period. Increasing demand from the oil & gas industries and higher corrosion resistance properties are some of the key factors favouring the market growth. However, increasing cost of raw materials used in production of nickel alloys is hampering the market. Rising offshore spending provides ample of opportunities for players in the market.
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High performance alloy segment commanded the largest market share during the forecast period due to the increasing demand from end user industries mainly from the aerospace & defense, oil & gas. High performance alloys are heat resistant alloys based on nickeliron which are planned to perform at extreme temperature and pressure. Nickelbased alloys can be either solid solution or precipitation strengthened. The broad variety of applications for which superalloys are used has prolonged to other industries such as chemical, aircraft, petroleum plant, rocket engines.
Aerospace & defense segment is expected to hold the largest market share during the forecast period due to the rising investments and growing number of aircraft deliveries. Nickel alloys are broadly used in the aerospace industry mainly in the engine production industry. They provide excellent mechanical and physical properties and highly suitable for engine turbine, blades, exhausts systems, and others. Asia Pacific accounted for largest market share attributed to growing population and increasing number of enduse industries such as oil & gas, automotive and chemical. There is growing demand for nickel alloys in emerging countries of Asia pacific such as India and China.
Some of the key players in Nickel Alloys market include Kennametal Inc., Carpenter Technology Corporation, VDM Metals GmbH, Allegheny Technologies Incorporated, Thyssenkrupp AG, Precision Castparts Corporation, Haynes International Inc., Columbia Metals Ltd., Sandvik Materials Technology Ab, Aperam S.A., Sanyo Special Steel Co., Ltd., Voestalpine AG, JLC Electromet Pvt. Ltd., Ametek Inc. and Neonickel.
End Users Covered:
Oil & Gas
Aerospace & Defense
Energy & Power
Chemical
Electrical & Electronics
Automotive
Medical
Other End Users
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Some TOC Points:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Nickel Alloys Market, By End User
6 Global Nickel Alloys Market, By Function
…Continued
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