Super Alloys Market Analysis, Share, Growth & Forecast [2031]
Super Alloys Market Analysis, Share, Growth & Forecast [2031]
Segments - Super Alloys Market by Applications (Industrial, Industrial Gas Turbine [Electrical and Mechanical], Aerospace [Military, Business, Commercial & Cargo, and Rotary], Automotive, Oil & Gas, and Others), Types (Cobalt-based [Co-Al-W and Others], Iron-based, and Nickel-based [Ni-Cr-Fe, Ni-Mo-Fe, and Ni-Cr-Mo-Fe]), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-4479
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Report Description
The Global Super Alloys Market size was valued at USD 7.38 Billion in 2022 and is expected to surpass USD 15.38 Billion by 2031, expanding at a CAGR of 8.5% during the forecast period, 2023 – 2031. Super alloys are non-ferrous alloys that demonstrate surface stability and exceptional force at higher temperatures.
Super alloys are usually used at temperatures above 500 °C owing to weakening of titanium alloys and ordinary steel at these temperatures. Their capacity to function safely at a high portion of their melting point is one of their main characteristics. Super alloys maintain their resistance to decomposition or oxidation, mechanical strength, and surface firmness. Super alloys are regularly cast as a single crystal, as grain boundaries improve strength and decrease creep resistance.
A super alloy’s base alloying elements are usually nickel, cobalt, or nickel-iron. Super alloys growth has been dependent greatly on both process innovations as well as chemicals. Usual applications for super alloys include military, electronics, industrial gas turbine, aerospace, marine turbine industry, and automotive.
Market Trends, Drivers, Restraints, and Opportunities:
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Rising use of alloys in oil & gas equipments and gas turbines is expected in boosting the growth of global super alloy market.
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Increasing requirement for high strength and durable materials that can endure high temperature is anticipated to propel the market globally.
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Growing government expenses in emerging economies, increasing use of light weight constituents, rising demand from high power enterprises and aircraft and aerospace functions are likely to expand the super alloy market globally.
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High prices of super alloys are projected to hinder the market growth during the forecast period.
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Lesser availability of super alloys all over the world can hamper the market growth.
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Expanding demand from emerging economies is anticipated to offer beneficial opportunities for the growth of the super alloy market.
Scope of Super Alloys Market Report
The report on global super alloy market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Super Alloys Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016 - 2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Applications (Industrial, Industrial Gas Turbine [Electrical and Mechanical], Aerospace [Military, Business, Commercial & Cargo, and Rotary], Automotive, Oil & Gas, and Others), Types (Cobalt-based [Co-Al-W and Others], Iron-based, and Nickel-based [Ni-Cr-Fe, Ni-Mo-Fe, and Ni-Cr-Mo-Fe]) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered |
Allegheny Technologies Incorporated (ATI), Haynes International, Special Metals Corporation, Aperam, Carpenter Technology, AMG Super alloys, and Doncasters |
Super Alloy Market Segment Insights
Aerospace segment to dominate the global market
Based on applications, the market can be fragmented into industrial, industrial gas turbine, aerospace, automotive, oil & gas, and others. The aerospace segment can be divided into military, business, commercial & cargo, and rotary. While the industrial gas turbine segment can be bifurcated into electrical and mechanical.
The aerospace segment dominated the market in 2020 and likely to dominate the market during the forecast period due to a variety of functions of super alloys in aerospace segment such as turbine blades, aero landing gear, turbine discs, and aero-engines. The automotive segment is expected to expand at a high rate during the forecast period due to increasing functions of super alloys in exhaust valves and turbocharger.
Nickel-based segment is projected to hold significant market share
In the terms of types, the market can be segregated into cobalt-based, iron-based, and nickel-based. The cobalt-based segment can be bifurcated into Co-Al-W and others. The nickel-based segment can be segmented into Ni-Cr-Fe, Ni-Mo-Fe, and Ni-Cr-Mo-Fe. The nickel-based segment is projected to hold significant market share owing to oxidation resistance and high-temperature mechanical properties.
Moreover, the weld capability of nickel-based super alloys is considerably better than that of other alloys and also it has higher strength and more durable than other alloys. The cobalt-based segment to exhibit a high CAGR during the forecast period owing to greater stability, high strength, and demonstration of higher sulfidation resistance in contrast to nickel-based super alloys.
North America expected to grow at a significant rate during the forecast period
On the basis of regions, the global super alloy market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America expected to grow at a significant rate during the forecasted period due to presence of industries such as manufacturing, aerospace, pharmaceutical, energy, oil & gas, and automotive.
The market in Asia Pacific is projected to expand at a robust CAGR during the forecast period, due to developing economies such as India and China. Moreover, growing automotive, marine, oil & gas, aerospace, and industrial sectors in the region is propelling the regional market growth.
Segments
By Applications
- Industrial
- Industrial Gas Turbine Aerospace
- Automotive
- Oil & Gas
- Others
By Types
- Cobalt-based
- Others
- Co-Al-W
- Iron-based
- Nickel-based
- Ni-Cr-Fe
- Ni-Mo-Fe
- Ni-Cr-Mo-Fe
By Regions
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
By Key Players
- Allegheny Technologies Incorporated (ATI)
- Haynes International
- Special Metals Corporation
- Aperam
- Carpenter Technology
- AMG Super alloys
- Doncasters
Competitive Landscape
Key players in the global super alloy market include Allegheny Technologies Incorporated (ATI), Haynes International, Special Metals Corporation, Aperam, Carpenter Technology, AMG Super alloys, and Doncasters. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Super Alloys Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Super Alloys Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Super Alloys Market - Supply Chain
4.5. Global Super Alloys Market Forecast
4.5.1. Super Alloys Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Super Alloys Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Super Alloys Market Absolute $ Opportunity
5. Global Super Alloys Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Super Alloys Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Super Alloys Demand Share Forecast, 2019-2026
6. North America Super Alloys Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Super Alloys Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Super Alloys Demand Share Forecast, 2019-2026
7. Latin America Super Alloys Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Super Alloys Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Super Alloys Demand Share Forecast, 2019-2026
8. Europe Super Alloys Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Super Alloys Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Super Alloys Demand Share Forecast, 2019-2026
9. Asia Pacific Super Alloys Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Super Alloys Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Super Alloys Demand Share Forecast, 2019-2026
10. Middle East & Africa Super Alloys Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Super Alloys Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Super Alloys Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Super Alloys Market: Market Share Analysis
11.2. Super Alloys Distributors and Customers
11.3. Super Alloys Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Allegheny Technologies Incorporated (ATI)
11.4.2. Haynes International
11.4.3. Special Metals Corporation
11.4.4. Aperam
11.4.5. Carpenter Technology
11.4.6. AMG Super alloys
11.4.7. Doncasters
Methodology
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