Global $12 Bn Superalloys Market by Base Material, Application and Region – Forecast to 2027 – ResearchAndMarkets.com | Financial Buzz

Global $12 Bn Superalloys Market by Base Material, Application and Region – Forecast to 2027 – ResearchAndMarkets.com

The “Superalloys Market by Base Material and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027” report has been added to ResearchAndMarkets.com’s offering.

According to the report, the Superalloys market was valued at $6.2 billion in 2019 and is anticipated to generate $12 billion by 2027. The market is projected to experience growth at a CAGR of 8.6% from 2020 to 2027.

The growth of the global superalloys market is driven by increase in demand for these alloys in range of industries such as aerospace, oil & gas, automotive, and others. They are widely used in turbine engines, as the thermodynamics efficiency of turbine engines is increased with increasing turbine inlet temperature, which is expected to provide lucrative growth opportunity to the market players. However, high cost of these alloys is anticipated to hamper the market growth during the forecast period.

Nickel-based superalloys is the leading base material segment, as these superalloys possess high-temperature mechanical properties and oxidation resistance. These alloys are majorly used in hottest parts of gas turbines turbine blades, turbine discs, metal processing, and casting blades. Currently, these alloys constitute more than 50% of the weight of advanced aircraft engines.

Based on application, the aerospace segment dominated the market in 2019 owing to several applications of superalloys in turbine blades, turbine discs, aero-engines, and aero landing gear. They are also used in jet engines. Meanwhile, the automotive segment is anticipated to grow fastest during the forecast period owing to rising applications of superalloys in turbocharger and exhaust valves.

Region-wise, North America dominated the market share in terms of revenue in 2019, owing to presence of industries such as aerospace, oil & gas, automotive, pharmaceutical, energy, and manufacturing. Meanwhile, Asia-Pacific is anticipated to grow with fastest CAGR during forecast period owing to emerging economies such as China and India and growing aerospace, marine, oil & gas, automotive, and industrial sectors in the region which fosters the demand for superalloys.

Key Findings

  • Global superalloys market size is provided in terms of revenue
  • India is projected to grow at the highest CAGR of approximately 9.7%, in terms of revenue, during the forecast period
  • By application, the automotive segment is anticipated to grow with CAGR 9.7%, in terms of revenue, during the forecast period
  • The China and U.S. dominated the market with a revenue share of over 8.8% and 25.9% in 2019
  • A comprehensive analysis of the factors that drive and restrain the superalloys market growth is provided
  • The qualitative data in this report aims at the superalloys market trends, dynamics, and developments in the superalloys industry
  • The superalloys market forecast and estimations are based on factors impacting the market growth

Key Topics Covered

Chapter 1: Introduction

1.1. Report Description

1.2. Key Benefits for Stakeholders

1.3. Key Market Segments

1.4. Research Methodology

Chapter 2: Executive Summary

2.1. Key Findings of the Study

2.2. CXO Perspective

Chapter 3: Market Landscape

3.1. Market Definition and Scope

3.2. Key Findings

3.2.1. Top Investment Pockets

3.3. Key Forces Shaping the Global Superalloys Market

3.4. Pricing Analysis

3.5. Value Chain Analysis

3.7. Patent Analysis

3.8. Market Dynamics

3.8.1. Drivers

3.8.1.1. Increase in Demand from Industrial Gas Turbine

3.8.1.2. Rise in Application in the Aerospace and Automotive Industries

3.8.2. Restraint

3.8.2.1. High Cost of Base Alloys

3.8.3. Opportunity

3.8.3.1. Increase in Demand from Emerging Economies

3.9. Consumer Analysis

3.10. Superalloys Global Production

Chapter 4: Superalloys Market, by Base Material

4.1. Overview

4.2. Nickel-Based

4.3. Iron-Based

4.4. Cobalt-Based

Chapter 5: Superalloys Market, by Application

5.1. Overview

5.2. Aerospace

5.3. Industrial Gas Turbine

5.4. Automotive

5.5. Oil & Gas

5.6. Industrial

5.7. Others

Chapter 6: Superalloys Market, by Region

6.1. Overview

6.2. North America

6.3. Europe

6.4. Asia-Pacific

6.5. LAMEA

Chapter 7: Competitive Landscape

7.1. Introduction

7.2. Market Player Positioning, 2019

7.3. Top Winning Strategies

7.3.1. Top Winning Strategies, by Year

7.3.2. Top Winning Strategies, by Development

7.3.3. Top Winning Strategies, by Company

7.4. Product Mapping of Top Player

7.5. Competitive Heatmap

7.6. Key Developments

7.6.1. Agreement

7.6.2. Business Expansions

7.6.3. Joint Venture

7.6.4. Partnership

7.6.5. New Product Launch

Chapter 8: Company Profiles

8.1. Allegheny Technologies Incorporated

8.1.1. Company Overview

8.1.2. Company Snapshot

8.1.3. Operating Business Segments

8.1.4. Product Portfolio

8.1.5. Business Performance

8.1.6. Key Strategic Moves and Developments

8.2. Arconic, Inc.

8.3. Beijing International Aeronautical Materials Corporation (BIAM)

8.4. Cannon Muskegon Corporation

8.5. Carpenter Technology Corporation

8.6. Chromalloy Gas Turbine LLC

8.7. Doncasters Group Ltd.

8.8. Forged Solutions Group (Firth Rixson)

8.9. Haynes International, Inc.

8.10. Hitchiner Manufacturing Co. Inc.

8.11. Howmet Aerospace, Inc.

8.12. IHI Corporation

8.13. Mishra Dhatu Nigam Limited

8.14. Western Australian Specialty Alloys (WASA)

8.15. Treibacher Industrie AG

For more information about this report visit https://www.researchandmarkets.com/r/m5yn2r

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