A superalloy, or high-performance alloy, is an alloy that exhibits several key characteristics: excellent mechanical strength, resistance to thermal creep deformation, good surface stability, and resistance to corrosion or oxidation. The crystal structure is typically face-centered cubic austenitic.
Owing to these attributes, superalloys are widely adopted in gas turbine, oil & gas equipment, aerospace, and others, thus fueling the market growth. The base alloying element used for superalloys are nickel, cobalt, and iron. These alloys facilitate improved operating efficiency and reduce environmental emissions. Presently, there is an increased usage of superalloys owing to the increase in need for high-strength materials that can withstand high temperature and resist creeping in aerospace and aircraft applications. The growth of the market is further driven by increase in adoption of superalloys in aerospace and power industries. However, high cost of these alloying metals is expected to hamper the growth of the market.
EMEA accounted for 31% of the market share during 2017 and is predicted to retain its leadership until the end of 2023. 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.
In 2019, the market size of Superalloys is 4080 million US$ and it will reach 7940 million US$ in 2025, growing at a CAGR of 8.7% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Superalloys.
This report studies the global market size of Superalloys, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Superalloys production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Aubert & Duva
Precision Castparts Corp
VSMPO-AVISMA
Advanced Metallurgical Group
SuperAlloy Industrial Company
Doncasters
...
Market Segment by Product Type
Nickel Based
Nickel-Iron Based
Cobalt-Based
Market Segment by Application
Aerospace
IGT
Industrial
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Superalloys status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Superalloys manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Superalloys are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Superalloys. Industry analysis & Market Report on Superalloys is a syndicated market report, published as Global (United States, European Union and China) Superalloys Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Superalloys market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.