Latest Shape Memory Alloys Market 2022 | Detailed Report

The Shape Memory Alloys research report presents cutting-edge information about the Shape Memory Alloys market during the estimated period and its development in the future. It provides detailed data about the performance of distributors, traders, and dealers to gain financial market status and current scenario. The Shape Memory Alloys research report focuses on key market opportunities, growth factors, revenue forecast, competitive landscape, and market trends. It also provides market size estimation along with CAGR value that allows understanding market economy.

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The global shape memory alloys market size is projected to grow from USD 11.0 billion in 2021 to USD 18.8 billion by 2026, at a CAGR of 11.2% from 2021 and 2026. This report spread across 230 Pages, Profiling 15 Companies and Supported with 224 Tables and 65 figures are now available in this research.

The report provides a comprehensive analysis of company profiles listed below:
• SAES Getters (Italy)
• ATI Specialty Alloys & Components (US)
• Furukawa Electric Co.Ltd (Japan)
• Nippon Steel & Sumitomo Metal (Japan)
• Johnson Matthey (UK)

Biomedical is the largest end-use industry of SMAs, followed by aerospace & defense. The applications of SMAs in the automotive industry will increase as the EV market is gaining traction. SMAS are widely used in dentistry applications for the manufacturing of orthodontic wires due to their shape memory properties, super-elasticity, high ductility, and resistance to corrosion. However, due to the COVID-19 pandemic in 2020, and because of social distancing, only essential services were left open.

North America is projected to have the largest share in the global shape memory alloys market, in terms of both value, from 2021 to 2026. The growth of the North American SMAs market is mainly driven by new product development and capacity expansion strategies adopted by the leading players in this region.

By type, the Nitinol segment accounted for the largest share in the overall shape memory alloys market. Nitinol alloys are the largest type of SMAs, accounting for a major share of the market. The significantly growing biomedical end-use industry, especially for medical implants, is driving the demand for nitinol SMAs.

Reason to access this report:
The report is expected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall shape memory alloys market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.

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Table Of Contents:-
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
Table 1 Inclusions And Exclusions
Figure 1 Shape Memory Alloys Market Segmentation
1.3.1 Regions Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Shape Memory Alloys Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown Of Primary Interviews
2.2 Market Size Estimation
2.2.1 Supply-Side Approach: Ascertaining The Share Of Top Players In The Global Market,
Figure 3 Approach 1: Supply Side, 2019
2.2.2 Demand-Side Approach: Based On Assessment By Type And Its Share In The Global Market
Figure 4 Approach 2: Based On Type Demand Estimate, 2019
2.2.3 Related Market Approach: Based On Assessment By Share Of Shape Memory Alloys In Smart Material Market
Figure 5 Approach 3: Based On The Share From The Parent Market
2.3 Data Triangulation
Figure 6 Shape Memory Alloys Market: Data Triangulation
2.3.1 Assumptions
2.3.2 Limitations
2.3.3 Growth Rate Assumptions
2.4 Forecast Factor Impacting Growth
Figure 7 Forecast Factor Impacting Growth

3 Executive Summary
Figure 8 Nitinol Segment Accounted For The Largest Share Of The Market In 2020
Figure 9 Preference Of Shape Memory Alloys, Type Vs. End-Use Industry
Figure 10 Biomedical End-Use Industry Accounted For The Largest Share Of The Market In 2020
Figure 11 North America Was The Largest Shape Memory Alloy Market In 2020
Table 2 Major Players Profiled In This Report

4 Premium Insights
4.1 Significant Opportunities In Shape Memory Alloys Market
Figure 12 Biomedical And Aerospace & Defense Industries To Offer Market Growth Opportunities
4.2 North America: Shape Memory Alloys Market, By End-Use Industry And Country, 2020
Figure 13 Us And Biomedical Segment Accounted For The Largest Shares
4.3 Shape Memory Alloys Market, By Type
Figure 14 Nitinol (Niti) To Dominate The Overall Shape Memory Alloys Market, 2021–2026
4.4 Shape Memory Alloys Market, By End-Use Industry
Figure 15 Biomedical To Dominate The Overall Shape Memory Alloys Market, 2021–2026
4.5 Shape Memory Alloys Market, By Country
Figure 16 China To Be The Fastest-Growing Market During The Forecast Period

5 Market Overview
5.1 Introduction
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