This market research report presents a detailed segmentation of the global superalloys market by application (aerospace, IGT, and industrial) and by type (nickel based, nickel-iron based, and cobalt based). It provides a market share analysis of its key regions, including the Americas, APAC, EMEA, and ROW. Key findings also include an analysis of the leading vendors such as ATI, CM Group, Haynes International, and Special Metals.
Technavio’s market research analysts estimate the global super alloys market to grow at a CAGR of around 9% between 2015 and 2019. The increasing demand for superalloys in the aerospace, automotive, and industrial component sectors is driving the growth of this market. EMEA dominates the global market for super alloys, occupying around 36% of the total market share. The increased demand from the automotive and aircraft sector in this region is the key driver for the growth of the market. Germany, France, the UK, Italy, Spain, Sweden are the market leaders in this region contributing to the demand for super alloys.
The new market research report from Technavio provides a breakdown and analysis of the super alloys segments by technology.
“Superalloys are preferred in the transportation sector because of their features like light weight, chemical resistance, high strength, corrosion resistance, and are low maintenance. Also, they provide durability and longevity to the equipment in which they are used. Superalloys also provide improved heat, sound, and electrical insulation, and are primarily used in building aircraft components,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
The nickel base superalloys occupy the largest segment of the superalloys market, accounting for around 81% of the overall market. This alloy is the most commonly used alloy in the aerospace sector as it is resistant to extremely high temperatures and physical stress, which helps in surface stability. Nickel base superalloys are commonly used in steam or gas turbines.
The leading vendors in the global super alloys market include ATI, CM Group, Haynes International, and Special Metals. The market is fragmented with small and large suppliers. The market is highly competitive and dominated by large global vendors who have a vast geographical presence, with production facilities located worldwide. The report predicts the market to witness an increased influx of private labels during the forecast period.
A more detailed analysis is available in the Technavio report, Global Super Alloys Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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