Global Superalloys Market 2018-2022
Superalloys are heat-resistant alloys made of nickel, nickel-iron cobalt. They exhibit mechanical strength and resistance to surf degradation. Superalloys are a type of high-performance alloy exhibit excellent mechanical strength and creep resistance at hi temperatures, good surface stability, and corrosion and oxidation resistance.
Technavio’s analysts forecast the global superalloys market in terms of volume, will register more than 700 thousand metric tons by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global superalloys market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio's report, Global Superalloys Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
AMG Advanced Metallurgical Group
Technavio Announces the Publication of its Research Report – Global Superalloys Market 2018-2022
Technavio recognizes the following companies as the key players in the global superalloys market: AMG Advanced Metallurgical Group, ATI, Berkshire Hathaway, eramet, HAYNES INTERNATIONAL, and NioCorp.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased demand for new jet aircraft engines. Globally, the demand for new, fuel-efficient jet aircraft engines is increasing. Equipment made of superalloys improves the efficiency of these engines. Discs, ducts, fans, and front bearing housing in aircraft turbine engines are heavy and additional weight cannot be put on these parts.”
According to the report, one driver in the market is high demand for superalloys in the aerospace and power industries. The ever-rising demand for critical gas turbines has increased the consumption of efficient, cost-effective parts. Advanced superalloys and coatings reduce the temperature capability gap between superalloys and CMCs in aero turbines.
Further, the report states that one challenge in the market is volatility in nickel prices. Nickel is one of the main metals used for producing corrosion-resistant alloys and stainless-steel grades. It exhibits excellent chemical properties and is used as a superalloy in rechargeable batteries.
Advanced Metallurgical Group
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