Press release
Superalloys Market is Estimated to Reach USD 14.16 Billion By 2030: Cognitive Market Research
Superalloys Market is Estimated to Reach USD 14.16 Billion By 2030: Cognitive Market Research
A superalloy is a metal, which exhibits superior mechanical properties and resistance to heat and corrosion. These are used in critical applications where high performance is required, including gas turbines, jet engines, power generation equipment, spacecraft engines, and medical implants.
Summary:
• Global Superalloys Market Size Was Valued at USD 6.91 Billion In 2023 And Is Expected to Grow at A CAGR Of 7.51 % During the Forecast Period, Reaching USD 14.16 Billion By 2030.
• Based on the base material, the nickel-based segment has the largest revenue share in the superalloy market.
• Based on application, the aerospace segment has the largest revenue share in the superalloy market.
• North America has the largest revenue share in the superalloy market.
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Market Dynamics:
Increasing demand for superalloys in various industries such as oil and gas, aerospace, and gas turbine industries is the major factor expected to drive the growth of the superalloys market. Furthermore, increasing demand for superalloys from industries located in developing countries is anticipated to create growth opportunities for the superalloy market in the forecast period. However, the increasing cost of raw materials is projected to hamper the growth of the global superalloy market.
Market Segmentation:
Base Material:
• Nickel-Based
• Iron-Based
• Cobalt-Based
Based on the Base Material, the nickel-based segment has the largest revenue share in the superalloy market. This is due to the increasing use of nickel-based superalloys in the aerospace industry is expected to the growth of the nickel-based segment.
Application:
• Industrial Gas Turbine
• Automotive
• Oil and gas
• Industrial
• Aerospace
• Others
Based on Application, the aerospace segment has the largest revenue share in the superalloy market. This is attributed to the increasing demand for superalloys in rocket engines and aircraft due to their high strength, durability, and, lightweight expected for the growth of the aerospace segment.
Competitive Analysis for Superalloys Market:
Aubert & Duva, Precision Castparts Corp, Avic Heavy Machinery, VSMPO AVISMA, Allegheny Technologies, Advanced Metallurgical Group, SuperAlloy Industrial Company, Special Metals Corporation, Doncasters, Altemp Alloys, VDM Metals, IHI Master Metal, Supreme Steels, Mikron Tool SA, European Springs & Pressings Ltd, Haynes International
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North America accounted for the largest share of the superalloy market
North America has the largest revenue share in the superalloy market. This is due to the increasing demand for the aerospace industry in the region expected to drive the growth of the superalloy market.
News:
ATI has extended a purchase agreement with Rolls-Royce for rotating-disc-quality nickel alloys
In April 2019, ATI has extended its purchase agreement with Rolls Royce to supply rotating disc-quality nickel alloys, which are used in the Trent engine family. This agreement covers the production of critical products used to make Rolls-Royce's next-generation jet engines and spare parts for in-service engines.
Browse Here For Full TOC:
Table evenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Superalloys Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Superalloys Market Segmentation
1.5.1 Superalloys Market Regional Fragmentation
1.5.1 Superalloys Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Superalloys Market
• 3.1 Global Superalloys Market Size 2018 - 2030, (USD Million)
• 3.2 Global Superalloys Market Statistics 2022: Snapshot
Chapter 4 Global Superalloys Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Superalloys Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Superalloys Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Superalloys Market Regional Analysis
Chapter 11 North America Superalloys Market Outlook (2018 - 2030)
Chapter 12 Europe Superalloys Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Superalloys Market Outlook (2018 - 2030)
Chapter 14 Latin America Superalloys Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Superalloys Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Superalloys Market TOC click here: https://www.cognitivemarketresearch.com/superalloys-market-report#table_of_contents
Related Report:
• Superalloy Honeycomb Materials Market- https://www.cognitivemarketresearch.com/superalloy-honeycomb-material-market-report
• Nickel Base Alloy Market- https://www.cognitivemarketresearch.com/nickel-base-alloy-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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