Superalloys Market Driven By Increase in Adoption of Superalloys in Aerospace and Power Industries

This study researches the market size of Superalloys in United States, European Union and China, presents the Superalloys production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, 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 2013 to 2018.

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.

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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 2018, 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 2018; 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, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Superalloys.

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In United States, European Union and China 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:

United States

China

European Union

Rest of World (Japan, Korea, India and Southeast Asia)

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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

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