Superalloys Market Size, Shares & Revenue Analysis By Allegheny Technologies Incorporated, Haynes International, Special Metals Corporation, Aperam, Carpenter Technology, AMG Superalloys, Doncasters & Others

The Global Superalloys Market size was valued at $4,158 million in 2016, and is estimated to reach $7,677 million by 2023, growing at a CAGR of 8.9% from 2017 to 2023. In 2016, nickel-based segment held more than half share of the total market.

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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Superalloys are the group of alloys, which are alloyed particularly with nickel, cobalt, and iron along with other metals to enhance their corrosion resistance. These alloys are widely used in aerospace gas turbine engines, nuclear reactors, power generation turbines, petrochemical equipment, rocket engines, and others owing to their remarkable properties such as high mechanical strength, creep resistance at high temperature, significant surface stability, and corrosion, oxidation, & high-temperature, resistance.

The growth of the global superalloys market is driven by the increase in demand for these alloys in range of industries such as aerospace, oil & gas, automotive, and others. They are widely used in turbine engines, as the thermodynamics efficiency of turbine engines is increased with increasing turbine inlet temperature, which is expected to provide lucrative growth opportunity to the market players. However, high cost of these alloys is anticipated to hamper the market growth during the forecast period.

Nickel-based superalloys is the leading base material segment, as these superalloys possess high-temperature mechanical properties and oxidation resistance. These alloys are majorly used in hottest parts of gas turbines turbine blades, turbine discs, metal processing, and casting blades. Presently, these alloys constitute over 50% of the weight of advanced aircraft engines.

The aerospace application segment dominated the global market, with almost half of the total market share in 2016. In aerospace, alloys are used to develop gas turbine engines for defense aircraft, turbine blades, and jet engines.

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In 2016, North America dominated the global market owing to increase in utilization of aircrafts and significant growth in aerospace industry. Furthermore, in terms of value, Asia-Pacific is projected to witness the highest CAGR of 9.5%, followed by Europe, which is expected to register a CAGR of 9.0%.

The major companies profiled in the report include Allegheny Technologies Incorporated (ATI), Haynes International, Special Metals Corporation, Aperam, Carpenter Technology, AMG Superalloys, Doncasters, Nippon Yakin Kogyo, Universal Stainless, Danyang City Kaixin Alloy Material Co. Ltd., Supreme Special Steel Pvt. Ltd. TI Steel Private Ltd., AcmeCast, and Balaji Superalloys.

Table Of Content

Chapter: 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVE

Chapter: 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top winning strategies, by year, 2016-2017
3.2.4. Top winning strategies, by development, 2016-2017 (%)
3.2.5. Top winning strategies, by company, 2016-2017
3.3. MARKET PLAYER POSITIONING, 2016
3.4. PATENT ANALYSIS
3.4.1. Patent publication by year
3.4.2. Patent publication by company
3.4.3. Patent publication by region
3.5. PORTER'S FIVE FORCE ANALYSIS
3.6. MARKET DYNAMICS
3.6.1. Drivers
3.6.1.1. Increase in demand from power industries
3.6.1.2. Growth in production of aircrafts
3.6.2. Restraints
3.6.2.1. High cost of base alloys
3.6.3. Opportunities
3.6.3.1. Increasing demand in emerging economies

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