ResearchMoz added Latest Research Report titled " Superalloys Market 2015-2019: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWIRE) -- 06/10/2016 -- Technavios market research analyst predicts the superalloys market to grow at a CAGR of around 9% during the forecast period. The increasing demand for superalloys in the aerospace, automotive, and industrial component sectors is driving the growth of this market. For instance, nickel alloy is the most commonly used alloy in the aerospace industry as it is resistant to extremely high temperatures and physical stress, which helps in surface stability. They are also utilized in the manufacture of turbine blades and gas turbine engines as it has high-temperature strength, toughness, and is resistant to degradation in oxidizing and corrosive environments.
The increased adoption of light-weight high-precision components in the transportation sector is also expected to contribute to the market growth during the forecast period. Superalloys are light weight, chemical resistance, corrosion resistance, and are low maintenance. They also help reduce weight and increase fuel efficiency along with being easy to handle, design, shape, and repair. These properties assist in prolonging the life cycle of the equipment or components made using these materials.
Segmentation by type and analysis of nickel-based, nickel-iron based, cobalt based -
The nickel-based segment accounted for nearly 81% of the market share during 2014 and is expected to maintain its dominance until the end of 2019. Nickel base superalloys are used in the aerospace sector as it is resistant to extremely high temperatures and physical stress, which helps in surface stability.
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Segmentation by application and analysis of - aerospace, IGT, industrial application -
The aerospace sector dominated the market during 2014 with a market share of 55%. This research report predicts this segment to grow at a CAGR of around 10% during the forecast period. The market is driven by the need for high strength materials that can withstand high temperatures are resistant to corrosion, sulfidation, and oxidation. Superalloys are also lightweight and increase the fuel efficiency of aircraft.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Geographical segmentation and analysis of the super alloys market -
EMEA accounted for 36% of the market share during 2014 and is predicted to retain its leadership until the end of 2019 with a growth rate of 10%. The increased demand from the automotive and aircraft sector in this region is the key driver for the growth of the market. Germany, France, the UK, Italy, Spain, Sweden are the market leaders in this region contributing to the demand for super alloys.
Competitive landscape and key vendors - ATI, Haynes, CM Group, Special Metals -
The superalloys market is fragmented with small and large suppliers. The market is highly competitive and dominated by large global vendors who have a vast geographical presence, with production facilities located worldwide. The report predicts the market to witness an increased influx of private labels during the forecast period.
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Key questions answered in this report:-
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the superalloys market?
- What are the key market trends impacting the growth of the superalloys market?
- What are the challenges to market growth?
- Who are the key vendors in the superalloys market?
- What are the market opportunities and threats faced by the vendors in the superalloys market?
- Trending factors influencing the market shares of the Americas, APAC, EMEA, and ROW?
- What are the key outcomes of the five forces analysis of the superalloys market?
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