Key vendors are introducing lightweight, high precision components to increase their sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global high-performance alloys market in their latest research report. This report also lists 14 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of different type of alloys to various end-user segments.
- Non-ferrous: Non-ferrous alloys include nickel, zinc, aluminum, tin, copper, lead, and brass. These alloys are lighter, malleable, offer high strength at high temperature, resistant to corrosion, and have excellent thermal stability.
- Superalloys: Superalloys include aluminum, cobalt, titanium, chromium, and nickel. These alloys have applications in various industries like aerospace, automotive, and industrial component sectors.
This Technavio report, under metals and minerals vertical, is based on the synthesis, analysis, and interpretation of information about the global high-performance alloys market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global high-performance alloys market is highly competitive due to the presence of various international and regional players. The key players are forming strategic partnerships and mergers to increase their market shares. The international companies are setting up production facilities across the world to increase their global footprint. The manufacturers are focusing on the development of advanced technologies and have increased their materials capabilities to sustain the intense competition in the market. Vendors are competing on the basis of product and service offerings through clear and unique value propositions retain their market shares and remain in the competition. Several manufacturers are investing in the research and development for innovative product offerings to attract consumers and to expand their products to the commercial aerospace sector. The increasing number of private labels will intensify the competition in the market during the forecast period.
“Several vendors are offering lightweight, high precision components in the automotive industry to increase their product portfolio. The use of these alloys are in engine components such as rotor and turbochargers. Some of the properties of these alloys include corrosion resistance, lightweight, and sturdy intermetallic. The manufacturers are also offering these alloys to various companies in the automotive industry as they help in reducing weight and increasing fuel efficiency of the vehicles,” says Chandrakumar B J, a lead analyst at Technavio for research on metals and minerals.
Top five vendors in the high-performance alloys market space
Alcoa
Alcoa manufactures innovative lightweight metals like aluminum, nickel, and titanium. Its products are used in various industries that includes commercial transportation, oil and gas, building and construction, automobiles and aircraft packaging, defense, consumer electronics, and industrial applications. The company offers a range of titanium mill products, extruded shapes, precision engineered and machined components, and formed and 3D-printed parts.
Some key products: Alloy Steel NAS Tension Lockbolts, Ti-Matic Blind Bolt, Atlas Copco, 2055-T84 Extrusions, Wedge-Tite series fastener locks, 7055 aluminum alloy plate, header tooling – punches hammers, etc.
ATI
The company offers precision and engineered stainless steel strip, titanium and titanium alloys, precision forgings, castings and machined parts, nickel-based alloys and specialty steels, zirconium, and related alloys, and grain-oriented electrical steel. It also engages in the production, conversion, and distribution of stainless steel, specialty alloys, nickel-based alloys, and titanium and titanium-based alloys. Recently, the company expanded its strategic LTAs for milled products and closed-die forgings.
Some key products: 718Plus, ATI22, ATI59, ATI80 A, ATI 200, ATI201, ATI276, ATI400, ATI520, ATI600, ATI601, ATI625HP, ATI625, ATI690, ATI706, etc.
Haynes
Haynes produces high-performance cobalt- and nickel-based alloys in flat product form that includes sheet, coil, and plate forms. It also offers technologically advanced high-performance alloys and caters to the chemical processing, aerospace, and land-based gas turbine industries. The company manufactures components used in gas turbine engines for power sources for offshore drilling platforms, gas pipeline booster stations, naval and commercial vessels, electric power generation, and emergency standby power generators.
Some key products: Hastelloy B-3 alloy, Haynes NS-163 alloy, etc.
Special Metals
The company manufactures complex metal components and other products for the aerospace, power generation, military and other mission-critical applications. It manufactures nickel- and cobalt-based superalloys, and offers titanium alloy recycling that have applications in the aerospace, chemical, and land-based turbine industries. These alloys are engineered to provide high heat resistance, high-temperature resistance, corrosion resistance, toughness, and fabricability.
Some key products: Inconel alloys, Incoloy alloys, Brightray alloys, Nimonic Alloys, Udimet and Udimar alloys, etc.
VSMPO-AVISMA
VSMPO-AVISMA is a non-ferrous metallurgical company that engages in the production of titanium and aluminum products. The company offers steel, aluminum and its alloys, and nickel-based alloys as slabs, die forgings, tubes, sheets, and foils. It also manufactures engineering equipment, including heat exchangers and tubing systems.
Some key products: Blades, hot-rolled bars, cold-rolled sheets, bands, foil, large size die-forgings, rolled rings, ingots, profiles, etc.
Other prominent vendors in this market include Aperam, Baosteel Group, Beijing CISRI-GAONA Materials & Technology, Carpenter Technology, CDM Group, Danyang Kaixin Alloy Materials, Fushun Special Steel Shares, Hangzhou King Titanium, Kobe Steel, Jiangsu Well Titanium, Shenyang Hejin Holding Investment, Super Alloy Industrial, Shaanxi Jin Han Precious Metals, and TIMET.
A more detailed analysis is available in the Technavio report, Global High-Performance Alloys Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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