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Superalloys Market 2015-2019

Superalloys Market 2015-2019

Market analysis of super alloys

Technavio’s market research analyst predicts the superalloys market to grow at a CAGR of around 9% during the forecast period. The increasing demand for superalloys in the aerospace, automotive, and industrial component sectors is driving the growth of this market. For instance, nickel alloy is the most commonly used alloy in the aerospace industry as it is resistant to extremely high temperatures and physical stress, which helps in surface stability. They are also utilized in the manufacture of turbine blades and gas turbine engines as it has high-temperature strength, toughness, and is resistant to degradation in oxidizing and corrosive environments.

The increased adoption of light-weight high-precision components in the transportation sector is also expected to contribute to the market growth during the forecast period. Superalloys are light weight, chemical resistance, corrosion resistance, and are low maintenance. They also help reduce weight and increase fuel efficiency along with being easy to handle, design, shape, and repair. These properties assist in prolonging the life cycle of the equipment or components made using these materials.

Segmentation by type and analysis of – nickel-based, nickel-iron based, cobalt based

The nickel-based segment accounted for nearly 81% of the market share during 2014 and is expected to maintain its dominance until the end of 2019. Nickel base superalloys are used in the aerospace sector as it is resistant to extremely high temperatures and physical stress, which helps in surface stability.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -

Nickel based

Nickel-iron based

Cobalt-based

Segmentation by application and analysis of - aerospace, IGT, industrial application

The aerospace sector dominated the market during 2014 with a market share of 55%. This research report predicts this segment to grow at a CAGR of around 10% during the forecast period. The market is driven by the need for high strength materials that can withstand high temperatures are resistant to corrosion, sulfidation, and oxidation. Superalloys are also lightweight and increase the fuel efficiency of aircraft.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -

Aerospace

IGT

Industrial

Geographical segmentation and analysis of the super alloys market

Americas

APAC

EMEA

ROW

EMEA accounted for 36% of the market share during 2014 and is predicted to retain its leadership until the end of 2019 with a growth rate of 10%. 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.

Competitive landscape and key vendors - ATI, Haynes, CM Group, Special Metals

The superalloys market is fragmented with small and large suppliers. The market is highly competitive and dominated by large global vendors who have a vast geographical presence, with production facilities located worldwide. The report predicts the market to witness an increased influx of private labels during the forecast period.

The leading vendors in the market are -



    ATI

    CM Group

    Haynes International

    Special Metals
Other vendors in the market include Aperam, Baosteel Group, Beijing Cisri-Gaona Materials & Technology, Carpenter Technology, Danyang Kaixin Alloy Materials, Daye Special Steel, Fushun Special Steel Shares, NBM Metals, Shenyang Hejin Holding, and Super Alloy Industrial.

Key questions answered in the report include

What will the market size and the growth rate be in 2019?

What are the key factors driving the superalloys market?

What are the key market trends impacting the growth of the superalloys market?

What are the challenges to market growth?

Who are the key vendors in the superalloys market?

What are the market opportunities and threats faced by the vendors in the superalloys market?

Trending factors influencing the market shares of the Americas, APAC, EMEA, and ROW?

What are the key outcomes of the five forces analysis of the superalloys market?

Technavio also offers customization on reports based on specific client requirement.

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Press Release

Technavio Announces the Publication of its Research Report – Global Superalloys Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Superalloys Market: ATI, CM Group, Haynes International and Special Metals

Other Prominent Vendors in the market are: Aperam, Baosteel Group, Beijing Cisri-Gaona Materials & Technology, Carpenter Technology, Danyang Kaixin Alloy Materials, Daye Special Steel, Fushun Special Steel Shares, NBM Metals, Shenyang Hejin Holding, and Super Alloy Industrial.

Commenting on the report, an analyst from Technavio’s team said: “Superalloys are widely used in the transportation sector because they have advantageous properties such as light weight, chemical resistance, high strength, corrosion resistance, and are low maintenance. These properties also help in prolonging the life cycle of the equipment made using these materials. Superalloys also provide improved heat, sound, and electrical insulation.”

According to the report, increasing demand for diversified applications is one of the major drivers contributing to the growth of the global superalloy market. Superalloys are used in the aerospace sector due to the need for high strength material and the property to withstand high temperatures. These materials are also resistant to corrosion, sulfidation, and oxidation.

Further, the report states that some challenges restrict the growth of the global superalloy market. One of the major challenges is the volatility in nickel prices. The nickel market is witnessing volatility in prices due to weak demand for stainless steel, destocking in traditional market segments, and uncertainty in Philippine ore exports.

Companies Mentioned

ATI, CM Group, Haynes International, Special Metals, Aperam, Baosteel Group, Beijing Cisri-Gaona Materials & Technology, Carpenter Technology, Danyang Kaixin Alloy Materials, Daye Special Steel, Fushun Special Steel Shares, NBM Metals, Shenyang Hejin Holding, Super Alloy Industrial.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of global superalloys market
  • Global superalloys market
    • Market size and forecast
      • Table Global superalloys market 2014-2019 (thousand metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Segmentation of global superalloys market by type
      • Table Segmentation of global superalloys market by type
      • Table Global superalloys market by type 2014-2019
    • Global nickel base superalloys market
      • Table Global nickel base superalloys market 2014-2019 (thousand metric tons)
    • Global nickel-iron base superalloys market
      • Table Global nickel-iron base superalloys market 2014-2019 (thousand metric tons)
    • Global cobalt base superalloys market
      • Table Global cobalt base superalloys market 2014-2019 (thousand metric tons)
  • Market segmentation by application
    • Segmentation of global superalloys market by type
      • Table Segmentation of global superalloys market by type
      • Table Global superalloys market by application 2014-2019
    • Global superalloys market for aerospace sector
      • Table Global superalloys market for aerospace sector 2014-2019 (thousand metric tons)
    • Global superalloys market for IGT sector
      • Table Global superalloys market for IGT sector 2014-2019 (thousand metric tons)
    • Global superalloys market for industrial component sector
      • Table Global superalloys market for industrial component sector 2014-2019 (thousand metric tons)
    • Global superalloys market for others sector
      • Table Global superalloys market for others sector 2014-2019 (thousand metric tons)
  • Geographical segmentation
    • Segmentation of global superalloys market by geography
      • Table Segmentation of global superalloys market by geography
      • Table Global superalloys market by geography 2014
      • Table Global superalloys market by geography 2019
    • Superalloys market in EMEA
      • Table Superalloys market in EMEA 2014-2019 (thousand metric tons)
    • Superalloys market in APAC
      • Table Superalloys market in APAC 2014-2019 (thousand metric tons)
    • Superalloys market in Americas
      • Table Superalloys market in Americas 2014-2019 (thousand metric tons)
    • Superalloys market in ROW
      • Table Superalloys market in ROW 2014-2019 (thousand metric tons)
  • Market drivers
    • Table Aircraft raw material value by material type
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Major market vendors 2014
    • Other prominent vendors
  • Key vendor analysis
    • ATI
      • Table ATI: Business segmentation by revenue 2014
      • Table ATI: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table ATI: Geographical segmentation by revenue 2014
    • Cannon-Muskegon
      • Table Cannon-Muskegon: Business offerings
    • Haynes
      • Table Haynes: Product segmentation by revenue 2014
      • Table Haynes: Product segmentation by revenue 2013 and 2014 ($ millions)
      • Table Haynes: Geographical segmentation by revenue 2014
    • Special Metals
      • Table Special Metals: Product segmentation
      • Table Special Metals: Business segmentation
  • Appendix
    • List of abbreviation
  • Explore Technavio

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