High-Performance Alloys Market: Trends with Growth 2021, Business Demand, and Size

According to the latest report by IMARC Group, titled “High Performance Alloys Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global high performance alloys market size exhibited negative growth in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6% during 2021-2026.

High-performance alloys, or superalloys, possess an austenitic face-centered, cubic crystal structure with a fundamental alloying element of cobalt, nickel-iron or nickel. They offer excellent creep resistance and mechanical strength at high temperatures, corrosion and oxidation resistance, and good surface stability. Superalloys can be produced and supplied in the form of a plate, pipe and tube, wire, sheet, and fittings. They are extensively used in power plants, petrochemical and chemical processing, aerospace, and oil and gas industries.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Market Trends:

A significant growth in the aerospace and defense industries has escalated the demand for both fighter and commercial jets, which is primarily driving the global high performance alloys market. The expansion in the electrical and electronics industries is further fueling the market growth. In addition to this, governments of various nations have implemented stringent regulations to curb the consistent rise in carbon emissions generated from vehicles, which has increased the utilization of superalloys in the automotive industry.

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Key Market Segmentation:

Competitive Landscape with Key Player:

• Alcoa Corporation

• Allegheny Technologies Incorporated

• Aperam S.A.

• Carpenter Technology Corporation

• Haynes International Inc.

• Hitachi Metals Ltd. (Hitachi Ltd.)

• Outokumpu Oyj

• Precision Castparts Corp. (Berkshire Hathaway Inc.)

• The Timken Company

• ThyssenKrupp AG

• VSMPO-AVISMA Corporation.

Breakup by Product:

• Non-ferrous Metal

• Platinum Group Metal

• Refractory

• Superalloys

Breakup by Material:

• Aluminum

• Titanium

• Magnesium

• Others

Breakup by Application:

• Aerospace

• Industrial Gas Turbine

• Industrial

• Automotive

• Oil and Gas

• Electrical and Electronics

• Others

Breakup 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, Other)

Key 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

• Comprehensive 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 a part of the customization.

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