Pune, India -- (SBWire) -- 06/12/2018 --Global Shape Memory Alloy Market, By Type (Nickel-Titanium (Nitinol), Copper-Based Alloys, Iron-Manganese-Silicon (FE-MN-SI) and Others) By End-Use Industry (Biomedical, Aerospace & Defense, Automotive, Consumer Electronics & Home Appliances and Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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Global Shape Memory Alloy market is expected to reach USD 26.87 billion by 2025, from USD 10.62 billion in 2017 growing at a CAGR of 12.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Major Market Drivers and Restraints:
- Rapidly growing medical implants industry
- Growing demand in aerospace & defence industry
- High growth of consumer electronics & home appliances industry.
- High Cost of Implantable Devices
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Competitive Analysis:
The global shape memory alloy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of shape memory alloy market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players:
- ATI Specialty Alloys & Components,
- SAES,
- Johnson Matthey,
- Nippon Steel & Sumitomo Metal,
- Furukawa Electric Company,
- Fort Wayne Metals,
- Nippon Seisen Co. Ltd.,
- Xian Saite Metal Materials Development Company Limited,
- Seabird Metal Material Co., Ltd.,
- Dynalloy Inc,
- Metalwerks PMD,
- Ultimate Niti Technologies,
- General Research Institute for Nonferrous Metals (GRINM),
- Euroflex GmbH,
- Confluent Medical Technologies,
- Precision Castparts Corp.,
- Nanoshel LLC,
- Stanford Advanced Materials,
- Sunrise Titanium Technology,
- Boston Centerless,
- Microgroup Inc.,
- Sma Wires India,
- ALB Materials Inc.,
- M & T (Taiwan) Co., Ltd.,
- Hangzhou Ualloy Material Co., Ltd
- among others.
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Market Segmentation:
- The global shape memory alloy market is segmented based on, type, end-use industry and geographical segments.
- Based on type, the global shape memory alloy market is segmented into nickel-titanium (nitinol), copper-based alloys, iron-manganese-silicon (FE-MN-SI) and others.
- On the basis of end-use industry, the global shape memory alloy market is classified into biomedical, aerospace & defence, automotive, consumer electronics & home appliances and others
- Based on geography, the global shape memory alloy market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Shape Memory Alloy Market Outlook to 2025-by Top Players ATI Specialty Alloys & Components, SAES, Johnson Matthey, Nippon Steel & Sumitomo Metal, Among Others