Specialty Alloys Market 2021 With Top Countries Data: Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

The Specialty Alloys Market report provides a comprehensive analysis of the global as well as regional market. The Specialty Alloys Market report includes investigating past progress, ongoing market scenarios, and future prospects. Accurate data on the products, strategies and market share of leading companies in this particular market are mentioned. The Specialty Alloys Market report provides a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global market during the forecast period (2021-2025). The Specialty Alloys Market report also maps the qualitative impact of various market factors on market segments and geographies.

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Top Leading Companies of Global Specialty Alloys Market are VDM Metals Group, Precision Castparts, ATI - Allegheny Technologies Incorporated, Aperam, Carpenter Technology Corporation, ThyssenKrupp, AMG Aluminum UK Limited, AMETEK Specialty Metal Products, MetalTek International and Materion Corporation and others.

The company profiles of these players, which includes their recent major developments, product portfolio, revenue, core competencies, and financials. Additionally, the report presents insights into the mergers & acquisitions, company profiles, financial status, product portfolio, and the SWOT analysis.

Executive Summary:

The Global Specialty Alloys Market, a niche segment of the alloy steel market, valued at USD 21.92 billion and 319.04 thousand tonnes by volume in the year 2019 has been witnessing unprecedented growth. The growing demand for light materials in the aerospace industry coupled with high demand for new generation aircrafts is expected to drive the market growth over the forecast period. Specialty alloys are indispensable materials in the manufacture of parts for highly sensitive devices and apparatus, unique experimental and miniature equipment, various types of sensors, and power transformers. Moreover, increasing usage in power generation for the production of industrial gas turbine components is likely to boost the demand. But in the current year 2020, due to Covid-19 pandemic, the market for the specialties alloys has suffered sizeable impact with mis-alignment of supply and demand. In the meantime, metals companies are shoring up cash liquidity and looking to short-term borrowing to help cover operating costs. And with the acquisition of VDM Metals by Acerinox, the market of specialty alloys has moderately consolidated.

Among the Alloy Type segment in the Specialty Alloys market (Corrosion Resistance, High Performance, Heat Resistant and Electric Alloys), High Performance segment has been gaining popularity among other segments and is expected to keep major market share in the forecast period. The growing demand for light materials in the aerospace industry coupled with high demand for new generation aircrafts is expected to drive the market growth over the forecast period. The high-performance alloys are widely used in extreme environments where tremendous heat and corrosion resistance is paramount to the integrity of the end product.

Based on End-User (Aerospace, Oil & Gas, Chemical Processing, Electric Components & Electronics, Automotive and Others), Aerospace Segment dominates the market share in year 2019 and is also expected to show dominance during the forecast period. The aerospace industry is a major market for specialty alloys wherein alloys are majorly used for high-temperature applications.

The North American market held the largest share of the global market owing to the wide base of the aerospace & defence industry in the US and presence of key manufacturers of aircraft engines, aerospace jet engines, and industrial gas turbines in the region. In addition, the US government’s focus on expanding the country's defence sector through high investments is further expected to support the demand for specialty alloys over the next few years.

Scope of the Report

- The report analyses the Specialty Alloys market By Value and By Volume.
- The report analyses the Specialty Alloys market by Alloy Type (Corrosion Resistance, High Performance, Heat Resistant, Electric Alloys).
- The report assesses the Specialty Alloys market by End-User (Aerospace, Oil & Gas, Chemical Processing, Electric Components & Electronics, Automotive, Others).
- The Global Specialty Alloys Market has been analysed by Region (North America, Europe, Asia Pacific) and by Country (USA, Canada, Germany, Italy, France, United Kingdom, Spain, China, India, Japan).
- Also, the attractiveness of the market has been presented by region, alloy type and end-user. Also, trends, drivers, challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, recent industry developments and mergers & acquisitions. The companies analysed in the report include VDM Metals Group, Precision Castparts, ATI - Allegheny Technologies Incorporated, Aperam, Carpenter Technology Corporation, ThyssenKrupp, AMG Aluminum UK Limited, AMETEK Specialty Metal Products, MetalTek International and Materion Corporation.
- The report presents the analysis of Specialty Alloys market for the historical period of 2015-2019 and the forecast period of 2020-2025.

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Crucial Elements from the Table of Contents of Global Specialty Alloys Market:

- Report Scope and Methodology
- Strategic Recommendations
- Global Specialty Alloys Market: Product Overview
- Global Economic & Industrial Outlook
- Global Specialty Alloys Market: Segment Analysis
- Global Specialty Alloys Market By Business Model
- Global Specialty Alloys Market By Type
- Specialty Alloys Market Regional Analysis (2015-2025)
- Global Specialty Alloys Market Dynamics
- Competitive Landscape
- Company Profiles (Business Description, Financial Analysis, Business Strategy)

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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