High Performance Alloys Market Bwc19435
SPECIAL OFFER : 25% Super Discount For All !
High-Performance Alloys Market Size, By Product Type (Non-ferrous alloys, Refractory alloys, and Others (Hastelloy, Inconel, waspaloy, Rene alloys, Haynes alloys, Incoloy, MP98T, TMS alloys, CMSX single crystal alloys, platinum alloys)), By Alloy Type (Wrought alloy and Cast alloy), By Alloying Element (Aluminum, Titanium, Magnesium, and Others (nickel, cobalt, molybdenum)), By Application (Aerospace, Industrial, Automotive, Oil & Gas, Electronics & electrical, and Others (military and marine)), and By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-26
- Published Date: March 2020
- Report ID: BWC19435
- Available Format: PDF
- Page: 180
Report Overview
Global
High-Performance Alloys Market Forecast and Trends
The global High-Performance
Alloys market has reached USD 9.23 Billion in 2019 and estimated to reach USD
12.59 Billion in 2026 and anticipated to grow by CAGR of 4.60% during the
forecast period 2020-2026. The factors driving the global High-Performance
Alloys market are rising the government’s investments in the construction
sector. The low cost of raw materials and the growing industrialization and
urbanization in developing countries are some other factors that will stimulate
market growth. The market for high-performance alloys will be driven by demand
from the end-user industry as well as technological advances. Economic
development plays an essential role in fueling the global market demand for
high-performance alloys. The main criteria evaluating high-performance alloy
growth in developing economies are increased usage and demand for value-added
and sustainable goods.
The increasing demand in the
aerospace industry for light materials coupled with high demand for new generation
aircraft is anticipated to propel the market growth during the forecast
horizon. The industry is likely to augment owing to the rising demand for the
alloys in complex applications, including thermal processing, oil & gas
extraction, and petroleum. Moreover, the increasing usage in power generation
for the production of industrial gas turbine components is estimated to fuel
the demand for high-performance alloys in the forthcoming years.
Global
High-Performance Alloys Market Overview:
High-performance alloys are
those alloys that exhibit high physical characteristics such as high mechanical
strength, making them more resistant to any deformation and higher corrosion
and heat damage resistance. Such advantages caused widespread use of such
alloys. The production of these alloys is mostly demonstrated by advances in
the processes of chemical and manufacturing. Industries primarily use
high-performance alloys for improved operational efficiencies such as
electricity generation, oil and gas, and many others.
Growth
drivers
The Increasing Aerospace
& Defense Industry Demands
The aerospace industry is
the largest end-user market for high-performance alloys, accounting for almost
half of global demand. The military aerospace industry consumes the bulk of vital
strategic materials used in commercial aerospace. Moreover, most aircraft
engines represent high-performance alloys. High-performance alloy consumption
has grown not only in aerospace but also in vertical defense.
Rapid Growth in the Demand
of High-Performance Alloys in the Oil & Gas Industry
The share of total offshore
oil & gas production has increased significantly, and the rapid growth of
the ultra-deepwater output is anticipated in the future. The oil & gas
production was more challenging, which require improved equipment, advanced
technologies, and high-performance alloy materials to ensure the smooth and
safe manufacture of oil & gas. This has created an enormous opportunity for
the Corrosion Resistant Alloys (CRAs) to enter the market, as they are better
suited to meet the increasing exploration and production requirements.
Restraints
Emissions of Greenhouse
Gasses in the manufacturing High-Performance Alloys
The emissions of greenhouse
gases in the manufacturing process of high-performances alloys are likely to
hamper the growth of the High-Performance Alloys market. Besides, the spendings
of large capitals in the manufacturing of these high-performance alloys, owing
to the variance in the prices of raw materials, is restraining the market growth
of high-performance alloys. The industry is also impacted by the existence of a
stringent regulatory framework concerning the production and processing of raw
materials.
Global
High-Performance Alloys Market: Product Type
Based on Product Type, the
High-Performance Alloys market segmented into Non-ferrous alloys, Refractory
alloys, and Others (Hastelloy, Inconel, waspaloy, Rene alloys, Haynes alloys,
Incoloy, MP98T, TMS alloys, CMSX single crystal alloys, platinum alloys).
Non-ferrous alloys segment is expected to grow at a very high CAGR over the
forecast horizon, owing to their surged applications in the automotive
industry. The use of such products in automobiles reduced the weight and
increased fuel efficiency. The superior recycling capability of the metals
utilized in the alloys is liable to boost the demand for high-performance
alloys.
Global
High-Performance Alloys Market: Alloy Type
Based on Alloy Type, the High-Performance Alloys market bifurcated into Wrought alloy and Cast alloy. The wrought alloy segment dominated the global high-performance alloys market in 2018 and is expected to remain dominant in the forecast years owing to its properties such as malleability, high ductility, high stiffness, and superior corrosion resistance. The Wrought alloys contain low percentages of elements. However, the cast alloy is predicted to be the fastest-growing alloy type through the forecast horizon. Casting alloys possess the same elements as wrought but in higher amounts.
Global
High-Performance Alloys Market: Alloying Element
Based on Alloying Element,
the High-Performance Alloys market segmented into Aluminum, Titanium,
Magnesium, and Others (nickel, cobalt, molybdenum). The Aluminum segment is
anticipated to have the fastest growth during the estimated period, due to its
rising application in the aerospace and automotive industries. Aluminum is
applied in combination with other metals to enhance operational efficiency,
which is likely to propel the demand during the forecast horizon.
Global
High-Performance Alloys Market: Application
Based on Application, the
High-Performance Alloys market segmented into Aerospace, Industrial,
Automotive, Oil & Gas, Electronics & electrical, and Others (military
and marine). The aerospace segment had the lion's share in 2018 and is likely
to hold its position during the forecast horizon, owing to the worldwide growth
of the aviation sector and growing demand for fuel-efficient aircraft.
Lightweight and corrosion resistance properties provided by the
high-performance alloys is the primary factor for the rise in the market share
of the aerospace industry.
Global
High-Performance Alloys Market: Regional insights
By geography, the global High-Performance Alloys Market segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia-Pacific is anticipated to dominate the global high-performance alloys market during the forecast period, owing to the surging demand from several industries, such as aerospace & defense, automotive, and energy & power. North American region held the lion's share in 2018, owing to the high consumption of these alloys by the oil & gas and aerospace industries.
High-Performance
Alloys Market: Competitive Landscape
The major market players in
the Global High-Performance Alloys are Alcoa Inc., Aperam SA, Allegheny
Technologies Incorporated, Carpenter Technology, Haynes International Inc.,
Hitachi Metals Ltd., Outokumpu, Precision Castparts Corporation, Timken
Company, VSMPO-AVISMA Corporation, and other Prominent Players are expanding
their presence in the market by implementing various innovations and
technologies.
The
objective of the Study:
To analyze and forecast the
global High-Performance Alloys market size of the market in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the Global High-Performance Alloys market into five
regions, namely, North America, Europe, Asia Pacific, Latin America, and the
Middle East & Africa and their leading countries.
To outline, categorized, and
forecast the global High-Performance Alloys market based on Product Type, Alloy
Type, Alloying Element, and Application.
To examine competitive
developments like technological advancement, services, and regulative framework
within the global High-Performance Alloys Market.
To highlight the impact
analysis of the factors affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
Scope of the Report:
Attribute |
Details |
Years Considered |
Historical data – 2016-2019 |
Base Year – 2019 |
|
Forecast – 2020 – 2026 |
|
Facts Covered |
Revenue in USD Million/Billion |
Market Coverage |
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico,
Argentina, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
Product/Service Segmentation |
By Product Type, Alloy Type, Alloying Element,
and Application |
Key Players |
Aperam SA, Alcoa Inc., Allegheny Technologies Incorporated, Carpenter
Technology, Haynes International Inc., Hitachi Metals Ltd., Outokumpu, Precision
Castparts Corporation, Timken Company, VSMPO-AVISMA Corporation, and Other
Prominent Players. |
By Product Type
·
Non-ferrous alloys
·
Refractory alloys
·
Others
By Alloy Type
·
Wrought alloy
·
Cast alloy
By Alloying Element
·
Aluminum
·
Titanium
·
Magnesium
·
Others
By Application
·
Aerospace
·
Industrial
·
Automotive
·
Oil & gas
·
Electronics & electrical
·
Others
By Region:
·
Asia Pacific
·
North America
·
Europe
·
Latin America
·
Middle East & Africa
Business
Questions answered by the report
How will the market drivers,
restraints, and opportunities affect the market dynamics?
What will be the market size
in terms of value and volume and market statistics with a detailed
classification?
Which segment dominates the
market or region, and one will be the fastest-growing, and why?
A comprehensive survey of
the competitive landscape and the market participant players
Analysis of strategy adopted
by the key player and their impact on other players.
Customization
Scope for the Client
Client satisfaction is our
first and last priority, and that is why BlueWeave Consulting offers
customization according to Company’s specific needs. The following
customization options are available for the report:
Additional
Company Information
With five additional company
detail analysis
Additional country analysis
Detailed segment analysis
1. Research Framework
1.1. Research
Objective
1.2. Product
Overview
1.3. Market
Segmentation
2. Research Methodology
2.1. Qualitative
Research
2.1.1.
Primary & Secondary Sources
2.2. Quantitative
Research
2.2.1.
Primary & Secondary Sources
2.3. Breakdown
of Primary Research Respondents, By Region
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown
of Primary Research Respondents
2.5. Market
Size Estimation
2.6. Assumption
for The Study
2.7. Market
Breakdown & Data Triangulation
3. Executive Summary
4. Global High-Performance Alloys Insights
4.1. DROC
Analysis
4.1.1.
Growth Drivers
4.1.2.
Restraints
4.1.3.
Opportunities
4.1.4.
Challenges
4.2. Technological
Landscape
4.3. Regulatory
Framework
4.4. Company
Market Share Analysis, 2019
4.5. Porter’s
Five forces analysis
4.5.1.
Bargaining Power of Suppliers
4.5.2.
Bargaining Power of Buyers
4.5.3.
Threat of New Entrants
4.5.4.
Threat of Substitutes
4.5.5.
Intensity of Rivalry
5. Global High-Performance Alloys Market
Overview
5.1. Market
Size & Forecast by Value, 2016-2026
5.1.1.
By Value (USD)
5.2. Market
Share & Forecast 2016-2026
5.2.1.
By Product Type
5.2.1.1.
Non-ferrous alloys
5.2.1.2.
Refractory alloys
5.2.1.3.
Others
5.2.2.
By Alloy Type
5.2.2.1.
Wrought alloy
5.2.2.2.
Cast alloy
5.2.3.
By Alloying Element
5.2.3.1.
Aluminum
5.2.3.2.
Titanium
5.2.3.3.
Magnesium
5.2.3.4.
Others
5.2.4.
By Application
5.2.4.1.
Aerospace
5.2.4.2.
Industrial
5.2.4.3.
Automotive
5.2.4.4.
Oil & gas
5.2.4.5.
Electronics & electrical
5.2.4.6.
Others
5.2.5.
By Region
5.2.5.1.
North America
5.2.5.2.
Europe
5.2.5.3.
Asia Pacific
5.2.5.4.
Latin America
5.2.5.5.
Middle East & Africa
6. North America High-Performance Alloys
Market
6.1. Market
Size & Forecast by Value, 2016-2026
6.1.1.
By Value (USD)
6.2. Market
Share & Forecast 2016-2026
6.2.1.
By Product Type
6.2.2.
By Alloy Type
6.2.3.
By Alloying Element
6.2.4.
By Application
6.2.5.
By Country
6.2.5.1.
U.S
6.2.5.2.
Canada
7. Europe High-Performance Alloys Market
7.1. Market
Size & Forecast by Value, 2016-2026
7.1.1.
By Value (USD)
7.2. Market
Share & Forecast 2016-2026
7.2.1.
By Product Type
7.2.2.
By Alloy Type
7.2.3.
By Alloying Element
7.2.4.
By Application
7.2.5.
By Country
7.2.5.1.
Germany
7.2.5.2.
U.K
7.2.5.3.
France
7.2.5.4.
Italy
7.2.5.5.
Spain
7.2.5.6.
Rest of Europe
8. Asia Pacific High-Performance Alloys
Market
8.1. Market
Size & Forecast by Value, 2016-2026
8.1.1.
By Value (USD)
8.2. Market
Share & Forecast 2016-2026
8.2.1.
By Product Type
8.2.2.
By Alloy Type
8.2.3.
By Alloying Element
8.2.4.
By Application
8.2.5.
By Country
8.2.5.1.
China
8.2.5.2.
India
8.2.5.3.
Japan
8.2.5.4.
South Korea
8.2.5.5.
Rest of Asia Pacific
9.
Latin America High-Performance Alloys Market
9.1. Market
Size & Forecast by Value, 2016-2026
9.1.1.
By Value (USD)
9.2. Market
Share & Forecast 2016-2026
9.2.1.
By Product Type
9.2.2.
By Alloy Type
9.2.3.
By Alloying Element
9.2.4.
By Application
9.2.5.
By Country
9.2.5.1.
Brazil
9.2.5.2.
Mexico
9.2.5.3.
Argentina
9.2.5.4.
Rest of Latin America
10.Middle East & Africa High-Performance
Alloys Market
10.1.
Market Size & Forecast by Value,
2016-2026
10.1.1.
By Value (USD)
10.2.
Market Share & Forecast 2016-2026
10.2.1.
By Product Type
10.2.2.
By Alloy Type
10.2.3.
By Alloying Element
10.2.4.
By Application
10.2.5.
By Country
10.2.5.1.
Saudi Arabia
10.2.5.2.
UAE
10.2.5.3.
South Africa
10.2.5.4.
Rest of Middle East & Africa
11.Company Profile (Company Overview,
Financial Matrix, Product landscape, Key Personnel, Key Competitors, Contact
Address, and Strategic Outlook) *
11.1.
Aperam SA
11.2.
Alcoa Inc.
11.3.
Allegheny Technologies Incorporated
11.4.
Carpenter Technology
11.5.
Haynes International Inc.
11.6.
Hitachi Metals Ltd.
11.7.
Outokumpu
11.8.
Precision Castparts Corporation
11.9.
Timken Company
11.10.
VSMPO-AVISMA Corporation
11.11.
Other Prominent Players
List
of Figures:
Fig: Global High-Performance
Alloys Segmentation
Fig: Company Market Share
Analysis, 2019
Fig: Global High-Performance
Alloys Market Size, By Value (USD Billion), 2016-2026
Fig: Global High-Performance
Alloys Market Share, By Product Type, By Value, 2016-2026
Fig: Global High-Performance
Alloys Market Share, By Alloy Type, By Value, 2016-2026
Fig: Global High-Performance
Alloys Market Share, By Alloying Element, By Value, 2016-2026
Fig: Global High-Performance
Alloys Market Share, By Application, By Value, 2016-2026
Fig: Global High-Performance
Alloys Market Share, By Region, By Value, 2016-2026
Fig: North America
High-Performance Alloys Market Size, By Value (USD Billion), 2016-2026
Fig: North America
High-Performance Alloys Market Y-o-Y Growth, By Value, 2017-2026
Fig: North America
High-Performance Alloys Market Share, By Product Type, By Value, 2016-2026
Fig: North America High-Performance
Alloys Market Share, By Alloy Type, By Value, 2016-2026
Fig: North America
High-Performance Alloys Market Share, By Alloying Element, By Value, 2016-2026
Fig: North America
High-Performance Alloys Market Share, By Application, By Value, 2016-2026
Fig: North America
High-Performance Alloys Market Share, By Country, By Value, 2016-2026
Fig: Europe High-Performance
Alloys Market Size, By Value (USD Billion), 2016-2026
Fig: Europe High-Performance
Alloys Market Y-o-Y Growth, By Value, 2017-2026
Fig: Europe High-Performance
Alloys Market Share, By Product Type, By Value, 2016-2026
Fig: Europe High-Performance
Alloys Market Share, By Alloy Type, By Value, 2016-2026
Fig: Europe High-Performance
Alloys Market Share, By Alloying Element, By Value, 2016-2026
Fig: Europe High-Performance
Alloys Market Share, By Application, By Value, 2016-2026
Fig: Europe High-Performance
Alloys Market Share, By Country, By Value, 2016-2026
Fig: Asia-Pacific
High-Performance Alloys Market Size, By Value (USD Billion), 2016-2026
Fig: Asia-Pacific
High-Performance Alloys Market Y-o-Y Growth, By Value, 2017-2026
Fig: Asia-Pacific
High-Performance Alloys Market Share, By Product Type, By Value, 2016-2026
Fig: Asia-Pacific
High-Performance Alloys Market Share, By Alloy Type, By Value, 2016-2026
Fig: Asia-Pacific
High-Performance Alloys Market Share, By Alloying Element, By Value, 2016-2026
Fig: Asia-Pacific
High-Performance Alloys Market Share, By Application, By Value, 2016-2026
Fig: Asia-Pacific
High-Performance Alloys Market Share, By Country, By Value, 2016-2026
Fig: Latin America
High-Performance Alloys Market Size, By Value (USD Billion), 2016-2026
Fig: Latin America
High-Performance Alloys Market Y-o-Y Growth, By Value, 2017-2026
Fig: Latin America
High-Performance Alloys Market Share, By Product Type, By Value, 2016-2026
Fig: Latin America
High-Performance Alloys Market Share, By Alloy Type, By Value, 2016-2026
Fig: Latin America
High-Performance Alloys Market Share, By Alloying Element, By Value, 2016-2026
Fig: Latin America
High-Performance Alloys Market Share, By Application, By Value, 2016-2026
Fig: Latin America
High-Performance Alloys Market Share, By Country, By Value, 2016-2026
Fig: Middle-East &
Africa High-Performance Alloys Market Size, By Value (USD Billion), 2016-2026
Fig: Middle-East &
Africa High-Performance Alloys Market Y-o-Y Growth, By Value, 2017-2026
Fig: Middle-East &
Africa High-Performance Alloys Market Share, By Product Type, By Value,
2016-2026
Fig: Middle-East &
Africa High-Performance Alloys Market Share, By Alloy Type, By Value, 2016-2026
Fig: Middle-East &
Africa High-Performance Alloys Market Share, By Alloying Element, By Value,
2016-2026
Fig: Middle-East &
Africa High-Performance Alloys Market Share, By Application, By Value,
2016-2026
Fig: Middle East &
Africa High-Performance Alloys Market Share, By Country, By Value, 2016-2026
List
of Tables:
Table: Global
High-Performance Alloys Market Size, By Product Type, By Value, 2016-2026
Table: Global
High-Performance Alloys Market Size, By Alloy Type, By Value, 2016-2026
Table: Global
High-Performance Alloys Market Size, By Alloying Element, By Value, 2016-2026
Table: Global
High-Performance Alloys Market Size, By Application, By Value, 2016-2026
Table: Global
High-Performance Alloys Market Size, By Region, By Value, 2016-2026
Table: North America
High-Performance Alloys Market Size, By Product Type, By Value, 2016-2026
Table: North America
High-Performance Alloys Market Size, By Alloy Type, By Value, 2016-2026
Table: North America
High-Performance Alloys Market Size, By Alloying Element, By Value, 2016-2026
Table: North America
High-Performance Alloys Market Size, By Application, By Value, 2016-2026
Table: North America
High-Performance Alloys Market Size, By Country, By Value, 2016-2026
Table: Europe
High-Performance Alloys Market Size, By Product Type, By Value, 2016-2026
Table: Europe
High-Performance Alloys Market Size, By Alloy Type, By Value, 2016-2026
Table: Europe
High-Performance Alloys Market Size, By Alloying Element, By Value, 2016-2026
Table: Europe
High-Performance Alloys Market Size, By Application, By Value, 2016-2026
Table: Europe
High-Performance Alloys Market Size, By Country, By Value, 2016-2026
Table: Asia-Pacific
High-Performance Alloys Market Size, By Product Type, By Value, 2016-2026
Table: Asia-Pacific
High-Performance Alloys Market Size, By Alloy Type, By Value, 2016-2026
Table: Asia-Pacific
High-Performance Alloys Market Size, By Alloying Element, By Value, 2016-2026
Table: Asia-Pacific
High-Performance Alloys Market Size, By Application, By Value, 2016-2026
Table: Asia-Pacific
High-Performance Alloys Market Size, By Country, By Value, 2016-2026
Table: Latin America
High-Performance Alloys Market Size, By Product Type, By Value, 2016-2026
Table: Latin America
High-Performance Alloys Market Size, By Alloy Type, By Value, 2016-2026
Table: Latin America
High-Performance Alloys Market Size, By Alloying Element, By Value, 2016-2026
Table: Latin America
High-Performance Alloys Market Size, By Application, By Value, 2016-2026
Table: Latin America
High-Performance Alloys Market Size, By Country, By Value, 2016-2026
Table: Middle-East &
Africa High-Performance Alloys Market Size, By Product Type, By Value,
2016-2026
Table: Middle-East &
Africa High-Performance Alloys Market Size, By Alloy Type, By Value, 2016-2026
Table: Middle-East &
Africa High-Performance Alloys Market Size, By Alloying Element, By Value,
2016-2026
Table: Middle-East &
Africa High-Performance Alloys Market Size, By Application, By Value, 2016-2026
Table: Middle East &
Africa High-Performance Alloys Market Size, By Country, By Value, 2016-2026
Table: Aperam SA Financial
Analysis
Table: Alcoa, Inc. Financial
Analysis
Table: Allegheny
Technologies Incorporated Financial Analysis
Table: Carpenter Technology
Financial Analysis
Table: Haynes International
Inc. Financial Analysis
Table: Hitachi Metals Ltd.
Financial Analysis
Table: Outokumpu Financial
Analysis
Table: Precision Castparts
Corporation Financial Analysis
Table: Timken Company
Financial Analysis
Table: VSMPO-AVISMA
Corporation Financial Analysis
*Financial Information of
non-listed companies will be provided as per the availability
**The segmentation and the
companies are subjected to modification based on the in-depth secondary for the
final deliverable.
Market Segmentation
By Product Type
· Non-ferrous alloys
· Refractory alloys
· Others
By Alloy Type
· Wrought alloy
· Cast alloy
By Alloying Element
· Aluminum
· Titanium
· Magnesium
· Others
By Application
· Aerospace
· Industrial
· Automotive
· Oil & gas
· Electronics & electrical
· Others
By Region:
· Asia Pacific
· North America
· Europe
· Latin America
· Middle East & Africa
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Coustom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.