Materials & Chemicals / Superalloy Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Allegheny Technologies Incorporated (NYSE :ATI), Aperam S.A. (Amsterdam :APAM.AS),
Superalloy Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Allegheny Technologies Incorporated (NYSE :ATI), Aperam S.A. (Amsterdam :APAM.AS),
Registering a CAGR of 6.4% over the forecast period 2021-2026, the global superalloy market is anticipated to reach the market value of US$ 14850 million in the year 2026 from US$ 8819 million in the year 2020.
Superalloy Market Overview
Super alloy exhibits excellent creep resistance and excellent mechanical at high temperatures, corrosion and oxidation resistance and good surface stability. They generally have cubic crystal structure and austenitic face-center with a base alloying element of cobalt, nickel-iron or nickel. Aerospace and power industries have primarily driven the development of super alloy.
The key players in the market are ATI, Precision Castparts Corporation and Carpenter etc who combined possess a market share of 40%. In terms of product, with a share over 80%, Nickel-based super alloy is the largest segment whereas in terms of application, Aerospace followed by IGT is the largest application.
Who are the Major Players in Superalloy Market?
Top Key Players in the Superalloy Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Superalloy Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Precision Castparts Corporation, Allegheny Technologies Incorporated (NYSE :ATI), Haynes, Carpenter, Aperam S.A. (Amsterdam :APAM.AS), Eramet Group, BWXT ,AMG, Hitachi Metals, CMK Group, VDM, Nippon Yakin Kogyo, Doncasters, Fushun Special Steel and other .
(Nov. 23, 2020) – The development of advanced nuclear reactors is continuing at a rapid pace, but issues still remain working with some specialty materials that are important to these reactors. Teamed with the Oak Ridge National Laboratory, engineers and designers at BWX Technologies, Inc. (BWXT) have developed new additive manufacturing technologies for the design and manufacture of reactor components made from high-temperature alloys and refractory metals. Recently, Designers at BWX Technologies, founded in Lynchburg, Virginia, and provider of nuclear additives and gas to the US, have evolved new additive production technology for the layout and manufacture of nuclear reactor development additives crafted from high-temperature alloys and refractory metals. The generation became evolved in partnership with Oak Ridge National Laboratory, an American authorities generation improvement web website online positioned in Tennessee. An Iranian Company has advanced the era to supply superalloys, which can be in excessive call for in numerous sectors which include refineries and strength stations.
What are the major Applications, Types and Regions for Superalloy Market?
By Type, Superalloy Market has been segmented into
Cobalt Based Superalloy
By Applications, Superalloy Market has been segmented into
Oil & Gas
Superalloy Market Regional Analysis:
The report offers an in-depth assessment of the growth and other aspects of the Superalloy Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America held the major share in 2020, generating more than two-fourth of the global market. In addition, the same region is also expected to showcase the fastest CAGR of 57.5% from 2021 to 2027. The other regions studied in the report include Asia-Pacific, LAMEA, and Europe. Europe is the largest market, with a share of about 41%, followed by North America and Asia-Pacific, both have a share of over 54%.
What is our Superalloy Market report scope?
Forecast Period 2022 to 2027 CAGR
CAGR of 6.4% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Superalloy Report
Evaluate Superalloy market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Superalloy market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Superalloy Market is studied from 2017 - 2027.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.