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India Shape Memory Alloy Market

Phase Transition Game on Point: Why are Biomedical Service Providers across India Looking to Invest in Shape Memory Alloys? Find in FMI’s New Survey!

India Shape Memory Alloy Market by Material, Component, End-use Industry, Application & Region | Forecast 2023 to 2033

India Shape Memory Alloy Market Outlook (2023 to 2033)

India shape memory alloy market is projected to be valued at US$ 81.1 million by 2022. Sales of shape memory alloys are anticipated to expand at a resilient CAGR of 13.2%. It is estimated to have a valuation of US$ 286.7 million by 2032. Rising demand from biomedical, aerospace, and construction sectors is expected to propel the market in the forecast period.

Shape memory alloys are a type of alloy that has the ability to ‘remember’ its shape, and may restore to its original shape even after being bent. Shape memory alloys, which are often deformed when cold, regain their natural shape when heated. These unique alloys are employed as functional materials in temperature sensors, actuators, clamping fixtures, and a wide variety of other applications.

These metals also have a property known as superelasticity, which allows them to be bent or stretched without maintaining their original shape, similar to rubber. This ability to re-shape after considerable deformation is used in everyday products, electrical & electronic appliances, and medical equipment.

In response to skyrocketing customer demand for improved performance and safety in automobiles, the automotive industry is developing actuators, sophisticated sensors, and microcontrollers. Growing preference for shape memory alloys over traditional actuators such as hydraulic and pneumatic systems in the automotive industry is pushing sales in the India market.

Shape memory alloy actuators are becoming increasingly popular among automakers due to their numerous features such as shape memory and extreme elasticity. Secondly, shape memory alloy actuators do not require a sophisticated and bulky design to function.

These types of alloys are currently used in very few automobile applications. However, rising investments in research and development activities by automakers in search of prospective applications such as climate control, engine control valves, door locks, and actuators are likely to propel sales of shape memory alloys in the automotive industry.

Attributes

Key Insights

India Shape Memory Alloy Market Estimated Size (2023E)

US$ 83.1 million

Projected Market Valuation (2033F)

US$ 286.7 million

Value-based CAGR (2023 to 2033)

13.2%

Collective Value Share: Key Players

25% to 30%

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2018 to 2022 India Shape Memory Alloy Market Outlook Compared to Demand Forecast from 2023 to 2033

According to Future Market Insights, the India market for shape memory alloys witnessed a rickety growth rate of 5.8% over the course of the historical period from 2018 to 2022, as compared to the resilient growth rate of 13.2% during the assessment period of 2023 to 2033.

The market is predicted to show resilient growth in the span of the next ten years owing to soaring demand from industries, as well as rising expenditure on research and development activities. The shape memory alloy market is not a standalone industry but rather depends upon several application sectors.

Growth in various application industries directly impacts expansion of the shape memory alloy market. Over the past few decades, growth in chemical, automotive, aerospace, and electrical industries have contributed significantly to expansion of the India market. Significant performance of application sectors is also anticipated to have a positive impact on the India market.

Shape memory alloys are made by using raw materials such as nickel, titanium, copper, and aluminum. Prices of these materials frequently fluctuate and show spikes in their prices which is a rising concern among key players.

On the other hand, shape memory alloys are widely utilized in the healthcare industry for making surgical tools and biomedical implants. But, in other end-use sectors such as automotive and consumer electronics, substitutes such as stainless steel is a preferred material. High price of shape memory alloys and easy availability of substitutes in India are a couple of factors that may hamper sales in the market.

Top Trends Pushing Sales of Shape Memory Alloys in India

  • Ongoing Infrastructure Development Projects across India to Augment Demand

Shape memory alloys have significant applications in the construction industry. They are used in civil construction projects such as for the construction of bridges, restoration of heritage structures, and shock & earthquake resistant buildings. Thermo-mechanical properties of shape memory alloys make them a viable option as reinforced metal elements in construction applications.

The construction sector in India is evolving at a rapid pace. Ongoing urban development projects, civil infrastructure projects, land connectivity programs, water conservation initiatives, and industrial development plans are driving the construction industry in the country. Owing to multiple advantages of shape memory alloys, their adoption in the India construction market is anticipated to surge during the forecast period. This will hence propel the shape memory alloy market in India.

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Region-wise Insights

Why is West India Considered to be a Key Hub for Shape Memory Alloy Manufacturers?

Expansion of Transportation Systems in Gujarat and Maharashtra to Drive Shape Memory Actuator Demand

Due to substantial investments and presence of leading manufacturers in numerous states of West India such as Gujarat and Maharashtra, the region is predicted to capture a dominant portion of the market. Advantage of well-developed ports and transportation systems would also benefit the states of West India, thereby boosting international trade and initiating robust supply chains. The region is hence expected to hold more than one-third of the shape memory alloy market in India.

Why is the Demand for Shape Memory Alloys Surging Exponentially in South India?

Presence of Innovation Labs across South India to Propel Sales of Nitinol Memory Wires

The India shape memory alloy market is going through lots of innovations and developments for finding their novel applications in different end-use industries. States across South India such as Karnataka, Tamil Nadu, and Andhra Pradesh are driving these innovations due to presence of multiple innovation labs and research facilities in these areas. In response to these advancements, consumption of shape memory alloys is predicted to climb in the region's end-use sectors, resulting in the region recording a high growth rate among India's four regions.

Category-wise Insights

Which is the Highly Preferred Material for Making Shape Memory Alloys?

Demand for Nickel Titanium Shape Memory Alloys to Expand across India by 2033

On the basis of material, the nickel-titanium (nitinol) alloy segment is likely to grab a key share of India shape memory alloy market by 2033. Nickel-titanium alloy, also known as nitinol is a significant alloy that exhibits shape memory effect below its transition temperature, as well as superelasticity above the transition temperature. This alloy has high biocompatibility that makes it suitable for biomedical applications.

Better elasticity, extreme corrosion resistance, and kink resistance are also few of the key characteristics of nitinol that makes it a prominent material for shape memory applications. In India, consumption of nitinol is expected to expand at a significant rate, and is anticipated to create an absolute dollar opportunity of more than US$ 183.6 million during the evaluation period.

Which End-use Industry is Likely to Exhibit High Consumption of Shape Memory Alloys in India?

High Demand for Shape Memory Materials for Making Biomedical Devices to Aid Sales

Among end-use industries, biomedical is anticipated to be the dominant consumer of shape memory alloys in India owing to its wide range of applications in the industry. Backed by high biocompatibility and enhanced reliability, shape memory alloys are extensively used in the production of various biomedical devices, orthopedic & orthodontic implants, and surgical intervention devices.

Increasing healthcare spending by the government, ongoing technological advancements, and high cost of imports are projected to surge the demand for domestic production of such devices. These factors are anticipated to create new opportunities in the India shape memory alloy market.

Which is the Leading Application of Shape Memory Alloys?

Increasing Adoption of Shape Memory Nitinol Wires to Surge among Stent and Dental Implant Makers

Based on application, the wires and tubes segment is likely to have a dominant share over the course of assessment period, says Future Market Insights. Shape memory materials in the form of wires and nanotubes are extensively used by the biomedical industry for dental, surgical, as well as endoscopic applications.

Wire form of shape memory alloy is easy to use in 3D applications. Adoption of shape memory alloys in dental implants, stents, and orthopedics is expected to surge at a collective CAGR of close to 15% in the next ten years. Hence, the wire and tubes application segment is anticipated to expand in India market in the forecast period.

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Competitive Landscape

Increased expansion and collaboration efforts have been seen over the last few years, which has helped to increase the availability of shape memory alloys. Mergers, acquisitions, and joint ventures are the main methods used by numerous big market players to expand their product lines and establish a sizable market presence. Few key players are focusing on the expansion of their production capacities to cater to the growing demand.

One of the recent developments in India shape memory alloys market is listed below:

  • In July 2021, the China-based affiliate of TimkenSteel was purchased by Daido Steel. Daido Steel wants to improve its portfolio by increasing the volume of high-performance goods, further develop its working connections with TimkenSteel, enter new markets in China and India, and develop mainstay products from emerging ones such as superalloys.

Scope of the Report

Attribute

Details

Estimated Market Size (2023)

US$ 83.1 million

Projected Market Valuation (2033)

US$ 286.7 million

Value-based CAGR (2023 to 2033)

13.20%

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

Value (US$ million) and Volume (Tons)

Key Regions Covered

North India, South India, East India, and West India

Key Segments Covered

Material, Component, End-use Indutry, Application, and Region

Key Companies Profiled

  • Mishra Dhatu Nigam Ltd (MIDHANI)
  • Thermo Fisher Scientific India Private Limited
  • ATI Specialty Alloys & Components
  • SAES Getters, Furukawa Electric Co., Ltd
  • Nippon Steel & Sumitomo Metal
  • Fort Wayne Metals
  • Johnson Matthey
  • Xian Saite Metal Materials Development Company Limited
  • Daido Steel Co., Ltd.
  • Ultimate NiTi Technologies Inc.
  • Metalwerks PMD Inc.

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

India Shape Memory Alloy Market Segmentation

By Material:

  • Nickel-Titanium (Nitinol)
  • Copper Based
  • Fe-Mn-Si
  • Others

By Component:

  • Ingots
    • Round Bar
    • Square Bar
  • Sheets
  • Blocks
  • Wires & Tubes
  • Pipes

By End-use Industry:

  • Biomedical
  • Aerospace & Defense
  • Automotive
  • Building & Construction
  • Consumer Electronics & Home Appliances
  • Others

By Application:

  • Wires & Tubes
    • Orthopedic
    • Dental Implants
    • Stents
    • Catheters
    • Orthodontic
    • Endoscopic Guide Tubes
    • Others
  • Motors/Actuators/Transducers
    • Motor Vehicles
    • Aircraft Engine
    • Pipe Couplings
    • Seismic Device
    • Fire Dampers
    • Others
  • Valves (Regulator/Pyrotechnic/Others)
    • Evaporative emission Control
    • Water Purifier
    • Spacecraft
    • Vehicle Propulsion Systems
    • Others
  • Pipes
    • Structural Elements
    • Bridges & Pavements
    • Silos & Tanks
    • Others
  • Sensors
    • Surgical & Intervention Instruments
    • Engines
    • Others
  • Others

By Region:

  • North India
  • South India
  • East India
  • West India

Frequently Asked Questions

Future Market Insights reports that the India shape memory alloy industry was valued at US$ 81.1 million in 2022.

In 2023, the India shape memory alloy industry is estimated to reach a valuation of US$ 83.1 million.

The India shape memory alloy industry is expected to reach a valuation of US$ 286.7 million in 2033.

The India shape memory alloy industry exhibited a value CAGR of 5.8% over the last 4 years.

From 2023 to 2033, the India shape memory alloy industry is projected to escalate at a CAGR of 13.2%.

Biomedical industry segment will garner around 50% of the India shape memory alloy industry in terms of value share in 2023.

Wire & tubes application segment is predicted to expand rapidly between 2023 and 2033.

Table of Content

1. Executive Summary | India Shape Memory Alloy Market

    1.1. India Shape Memory Alloy Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. India Shape Memory Alloy Market Overview

    2.1. Shape Memory Alloy Market Coverage / Taxonomy

    2.2. Shape Memory Alloy Market Definition / Scope / Limitations

3. Key India Shape Memory Alloy Market Trends

    3.1. Key Trends Impacting the Shape Memory Alloy Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. India Shape Memory Alloy Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2033

    5.1. Historical Shape Memory Alloy Market Volume (Tons) Analysis, 2017 to 2022

    5.2. Current and Future Shape Memory Alloy Market Volume (Tons) Projections, 2023 to 2033

    5.3. Y-o-Y Growth Trend Analysis

6. India Shape Memory Alloy Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Material Type and Pricing Forecast

        6.1.1. Distributor Level pricing

        6.1.2. Manufacturer Level pricing

    6.2. India Average Pricing Analysis Benchmark

7. India Shape Memory Alloy Market Demand (in Value or Size in US$ million) Analysis 2017 to 2022 and Forecast, 2023 to 2033

    7.1. Historical Shape Memory Alloy Market Value (US$ million) Analysis, 2017 to 2022

    7.2. Current and Future Shape Memory Alloy Market Value (US$ million) Projections, 2023 to 2033

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Shape Memory Alloy Market Background

    8.1. Macro-Economic Factors

        8.1.1. India GDP Growth Outlook

        8.1.2. India Automotive Shape Memory Alloy Market Growth Outlook

        8.1.3. India Urbanization Outlook

        8.1.4. India Construction Industry Outlook

        8.1.5. Other Macro-economic factors

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Top Companies Historical Growth

        8.2.2. GDP Growth forecast

        8.2.3. Manufacturing Industry forecast

        8.2.4. Key Shape Memory Alloy Market Developments

        8.2.5. End Use Industry Demand Outlook

        8.2.6. Other Forecast Factors

    8.3. Value Chain

        8.3.1. Raw Material Suppliers

        8.3.2. Product Manufacturers (Product Portfolio & End-Use Industry)

        8.3.3. Suppliers/Distributors

        8.3.4. Probable End Users

        8.3.5. Average Profitability Margins

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Shape Memory Alloy Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

    8.6. Trade Overview

    8.7. PESTLE Analysis

    8.8. Patent Analysis

    8.9. Overview of Domestic Production Vs. Imports

    8.10. Overview of reasons for lack of production facilities in India

    8.11. Criss-Cross Analysis, 2021 (End-Use Industry by Material Type)

9. India Shape Memory Alloy Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material Type

    9.1. Introduction / Key Findings

    9.2. Historical Shape Memory Alloy Market Size (US$ million) and Volume Analysis By Material Type, 2017 to 2022

    9.3. Current and Future Shape Memory Alloy Market Size (US$ million) and Volume Analysis and Forecast By Material Type, 2023 to 2033

        9.3.1. Nickel-Titanium (Nitinol)

        9.3.2. Copper-based

        9.3.3. Fe-Mn-Si

        9.3.4. Others

    9.4. Shape Memory Alloy Market Attractiveness Analysis By Material Type

10. India Shape Memory Alloy Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Component Type

    10.1. Introduction / Key Findings

    10.2. Historical Shape Memory Alloy Market Size (US$ million) and Volume Analysis By Component Type, 2017 to 2022

    10.3. Current and Future Shape Memory Alloy Market Size (US$ million) and Volume Analysis and Forecast By Component Type, 2023 to 2033

        10.3.1. Ingots

            10.3.1.1. Round Bar

            10.3.1.2. Square Bar

        10.3.2. Sheets

        10.3.3. Blocks

        10.3.4. Wires & Tubes

        10.3.5. Pipes

    10.4. Shape Memory Alloy Market Attractiveness Analysis By Component Type

11. India Shape Memory Alloy Market Analysis 2017 to 2022 and Forecast 2023 to 2033, by Application

    11.1. Introduction / Key Findings

    11.2. Historical Shape Memory Alloy Market Size (US$ million) and Volume Analysis By Application, 2017 to 2022

    11.3. Current and Future Shape Memory Alloy Market Size (US$ million) and Volume Analysis and Forecast By Application, 2023 to 2033

        11.3.1. Wires & Tubes

            11.3.1.1. Orthopedic

            11.3.1.2. Dental Implants

            11.3.1.3. Stents

            11.3.1.4. Catheters

            11.3.1.5. Orthodontic

            11.3.1.6. Endoscopic Guide Tubes

            11.3.1.7. Others

        11.3.2. Motor/Actuators/Transducer

            11.3.2.1. Motor Vehicles

            11.3.2.2. Aircraft Engine

            11.3.2.3. Pipe Couplings

            11.3.2.4. Seismic Devices (Dampers and Isolators)

            11.3.2.5. Fire Dampers

            11.3.2.6. Others

        11.3.3. Valves (Regulator/Pyrotechnic/Others)

            11.3.3.1. Evaporative Emission Control

            11.3.3.2. Water Purifier

            11.3.3.3. Spacecraft

            11.3.3.4. Vehicle Propulsion Systems

            11.3.3.5. Others

        11.3.4. Pipes

            11.3.4.1. Structural Elements

            11.3.4.2. Bridges & Pavements

            11.3.4.3. Silos & Tanks

            11.3.4.4. Others

        11.3.5. Sensors

            11.3.5.1. Surgical and Intervention Instruments

            11.3.5.2. Engines

            11.3.5.3. Others

        11.3.6. Other

    11.4. Shape Memory Alloy Market Attractiveness Analysis By Application

12. India Shape Memory Alloy Market Analysis 2017 to 2022 and Forecast 2023 to 2033, by End Use Industry

    12.1. Introduction / Key Findings

    12.2. Historical Shape Memory Alloy Market Size (US$ million) and Volume Analysis By End Use Industry, 2017 to 2022

    12.3. Current and Future Shape Memory Alloy Market Size (US$ million) and Volume Analysis and Forecast By End Use Industry, 2023 to 2033

            12.3.1.1. Biomedical

            12.3.1.2. Aerospace & Defense

            12.3.1.3. Automotive

            12.3.1.4. Building & Construction

            12.3.1.5. Consumer Electronics & Home Appliances

            12.3.1.6. Others

    12.4. Shape Memory Alloy Market Attractiveness Analysis By End Use Industry

13. India Shape Memory Alloy Market Analysis 2017 to 2022 and Forecast 2023 to 2033, by Region

    13.1. Introduction

    13.2. Historical Shape Memory Alloy Market Size (US$ million) and Volume Analysis By Region, 2017 to 2022

    13.3. Current Shape Memory Alloy Market Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033

        13.3.1. North India

        13.3.2. South India

        13.3.3. East India

        13.3.4. West India

    13.4. Shape Memory Alloy Market Attractiveness Analysis By Region

14. North India Shape Memory Alloy Market Analysis 2017 to 2022 and Forecast 2023 to 2033

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Shape Memory Alloy Market Size (US$ million) and Volume Trend Analysis By Shape Memory Alloy Market Taxonomy, 2017 to 2022

    14.4. Shape Memory Alloy Market Size (US$ million) and Volume Forecast By Shape Memory Alloy Market Taxonomy, 2023 to 2033

        14.4.1. By Material Type

        14.4.2. By Product Type

        14.4.3. By Application

        14.4.4. By End Use Industry

    14.5. Shape Memory Alloy Market Attractiveness Analysis

        14.5.1. By Material Type

        14.5.2. By Product Type

        14.5.3. By Application

        14.5.4. By End Use Industry

    14.6. Shape Memory Alloy Market Trends

    14.7. Key Shape Memory Alloy Market Participants - Intensity Mapping

    14.8. Drivers and Restraints - Impact Analysis

15. South India Shape Memory Alloy Market Analysis 2017 to 2022 and Forecast 2023 to 2033

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Shape Memory Alloy Market Size (US$ million) and Volume Trend Analysis By Shape Memory Alloy Market Taxonomy, 2017 to 2022

    15.4. Shape Memory Alloy Market Size (US$ million) and Volume Forecast By Shape Memory Alloy Market Taxonomy, 2023 to 2033

        15.4.1. By Material Type

        15.4.2. By Product Type

        15.4.3. By Application

        15.4.4. By End Use Industry

    15.5. Shape Memory Alloy Market Attractiveness Analysis

        15.5.1. By Material Type

        15.5.2. By Product Type

        15.5.3. By Application

        15.5.4. By End Use Industry

    15.6. Shape Memory Alloy Market Trends

    15.7. Key Shape Memory Alloy Market Participants - Intensity Mapping

    15.8. Drivers and Restraints - Impact Analysis

16. East India Shape Memory Alloy Market Analysis 2017 to 2022 and Forecast 2023 to 2033

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Shape Memory Alloy Market Size (US$ million) and Volume Trend Analysis By Shape Memory Alloy Market Taxonomy, 2017 to 2022

    16.4. Shape Memory Alloy Market Size (US$ million) and Volume Forecast By Shape Memory Alloy Market Taxonomy, 2023 to 2033

        16.4.1. By Material Type

        16.4.2. By Product Type

        16.4.3. By Application

        16.4.4. By End Use Industry

    16.5. Shape Memory Alloy Market Attractiveness Analysis

        16.5.1. By Material Type

        16.5.2. By Product Type

        16.5.3. By Application

        16.5.4. By End Use Industry

    16.6. Shape Memory Alloy Market Trends

    16.7. Key Shape Memory Alloy Market Participants - Intensity Mapping

    16.8. Drivers and Restraints - Impact Analysis

17. West India Shape Memory Alloy Market Analysis 2017 to 2022 and Forecast 2023 to 2033

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Shape Memory Alloy Market Size (US$ million) and Volume Trend Analysis By Shape Memory Alloy Market Taxonomy, 2017 to 2022

    17.4. Shape Memory Alloy Market Size (US$ million) and Volume Forecast By Shape Memory Alloy Market Taxonomy, 2023 to 2033

        17.4.1. By Material Type

        17.4.2. By Product Type

        17.4.3. By Application

        17.4.4. By End Use Industry

    17.5. Shape Memory Alloy Market Attractiveness Analysis

        17.5.1. By Material Type

        17.5.2. By Product Type

        17.5.3. By Application

        17.5.4. By End Use Industry

    17.6. Shape Memory Alloy Market Trends

    17.7. Key Shape Memory Alloy Market Participants - Intensity Mapping

    17.8. Drivers and Restraints - Impact Analysis

18. Shape Memory Alloy Market Structure Analysis

    18.1. Shape Memory Alloy Market Analysis by Tier of Companies (Shape Memory Alloy)

    18.2. Shape Memory Alloy Market Concentration

    18.3. Shape Memory Alloy Market Share Analysis of Top Players

    18.4. Shape Memory Alloy Market Presence Analysis

        18.4.1. By Material Type Footprint of Players

        18.4.2. By Regional Footprint of Players

19. Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Competition Deep Dive

        19.3.1. SMA Wires India

        19.3.2. Mishra Dhatu Nigam Ltd (MIDHANI)

            19.3.2.1. Overview

            19.3.2.2. Product Portfolio

            19.3.2.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.2.4. Sales Footprint

            19.3.2.5. Strategy Overview

        19.3.3. Thermo Fisher Scientific India Private Limited

            19.3.3.1. Overview

            19.3.3.2. Product Portfolio

            19.3.3.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.3.4. Sales Footprint

            19.3.3.5. Strategy Overview

        19.3.4. ATI Specialty Alloy & Components

            19.3.4.1. Overview

            19.3.4.2. Product Portfolio

            19.3.4.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.4.4. Sales Footprint

            19.3.4.5. Strategy Overview

        19.3.5. SAES Getters

            19.3.5.1. Overview

            19.3.5.2. Product Portfolio

            19.3.5.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.5.4. Sales Footprint

            19.3.5.5. Strategy Overview

        19.3.6. Furukawa Electric Co., Ltd

            19.3.6.1. Overview

            19.3.6.2. Product Portfolio

            19.3.6.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.6.4. Sales Footprint

            19.3.6.5. Strategy Overview

        19.3.7. Nippon Steel & Sumitomo Metal

            19.3.7.1. Overview

            19.3.7.2. Product Portfolio

            19.3.7.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.7.4. Sales Footprint

            19.3.7.5. Strategy Overview

        19.3.8. Fort Wayne Metals

            19.3.8.1. Overview

            19.3.8.2. Product Portfolio

            19.3.8.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.8.4. Sales Footprint

            19.3.8.5. Strategy Overview

        19.3.9. Johnson Matthey

            19.3.9.1. Overview

            19.3.9.2. Product Portfolio

            19.3.9.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.9.4. Sales Footprint

            19.3.9.5. Strategy Overview

        19.3.10. Xian Saite Metal Materials Development Company Limited

            19.3.10.1. Overview

            19.3.10.2. Product Portfolio

            19.3.10.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.10.4. Sales Footprint

            19.3.10.5. Strategy Overview

        19.3.11. Daido Steel Co., Ltd.

            19.3.11.1. Overview

            19.3.11.2. Product Portfolio

            19.3.11.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.11.4. Sales Footprint

            19.3.11.5. Strategy Overview

        19.3.12. Ultimate NiTi Technologies Inc.

            19.3.12.1. Overview

            19.3.12.2. Product Portfolio

            19.3.12.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.12.4. Sales Footprint

            19.3.12.5. Strategy Overview

        19.3.13. Metalwerks PMD Inc.

            19.3.13.1. Overview

            19.3.13.2. Product Portfolio

            19.3.13.3. Profitability by Shape Memory Alloy Market Segments (Product/Channel/Region)

            19.3.13.4. Sales Footprint

            19.3.13.5. Strategy Overview

20. Assumptions and Acronyms Used

21. Research Methodology

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List of Tables

Table 01: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Material Type, 2018 to 2033

Table 02: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Component Type, 2018 to 2033

Table 03: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By End-Use Industry, 2018 to 2033

Table 04: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application, 2018 to 2033

Table 05: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Wires & Tubes, 2018 to 2033

Table 06: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application - Motor/Actuators/Transducer, 2018 to 2033

Table 07: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Valves, 2018 to 2033

Table 08: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Pipes, 2018 to 2033

Table 09: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Sensors, 2018 to 2033

Table 10: India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Region, 2018 to 2033

Table 11: North India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Material Type, 2018 to 2033

Table 12: North India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Component Type, 2018 to 2033

Table 13: North India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By End-Use Industry, 2018 to 2033

Table 14: North India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application, 2018 to 2033

Table 15: North India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Wires & Tubes, 2018 to 2033

Table 16: North India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application - Motor/Actuators/Transducer, 2018 to 2033

Table 17: North India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Valves, 2018 to 2033

Table 18: North India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Pipes, 2018 to 2033

Table 19: North India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Sensors, 2018 to 2033

Table 20: South India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Material Type, 2018 to 2033

Table 21: South India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Component Type, 2018 to 2033

Table 22: South India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By End-Use Industry, 2018 to 2033

Table 23: South India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application, 2018 to 2033

Table 24: South India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Wires & Tubes, 2018 to 2033

Table 25: South India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application - Motor/Actuators/Transducer, 2018 to 2033

Table 26: South India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Valves, 2018 to 2033

Table 27: South India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Pipes, 2018 to 2033

Table 28: South India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Sensors, 2018 to 2033

Table 29: East India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Material Type, 2018 to 2033

Table 30: East India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Component Type, 2018 to 2033

Table 31: East India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By End-Use Industry, 2018 to 2033

Table 32: East India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application, 2018 to 2033

Table 33: East India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Wires & Tubes, 2018 to 2033

Table 34: East India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application - Motor/Actuators/Transducer, 2018 to 2033

Table 35: East India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Valves, 2018 to 2033

Table 36: East India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Pipes, 2018 to 2033

Table 37: East India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Sensors, 2018 to 2033

Table 38: West India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Material Type, 2018 to 2033

Table 39: West India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Component Type, 2018 to 2033

Table 40: West India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By End-Use Industry, 2018 to 2033

Table 41: West India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application, 2018 to 2033

Table 42: West India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Wires & Tubes, 2018 to 2033

Table 43: West India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application - Motor/Actuators/Transducer, 2018 to 2033

Table 44: West India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Valves, 2018 to 2033

Table 45: West India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Pipes, 2018 to 2033

Table 46: West India Shape Memory Alloy Market Size (US$ million) and Volume (Tons) Analysis and Forecast By Application – Sensors, 2018 to 2033

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List of Charts

Figure 01: India Shape Memory Alloy Market Historical Volume (Tons), 2018 to 2022

Figure 02: India Shape Memory Alloy Market Current and Forecast Volume (Tons), 2023 to 2033

Figure 03: India Shape Memory Alloy Market Historical Value (US$ million), 2018 to 2022

Figure 04: India Shape Memory Alloy Market Current and Forecast Value (US$ million), 2023 to 2033

Figure 05: India Shape Memory Alloy Market Incremental $ Opportunity (US$ million), 2023 to 2033

Figure 06: India Shape Memory Alloy Market Share and BPS Analysis By Material Type, 2023 & 2033

Figure 07: India Shape Memory Alloy Market Y-o-Y Growth Projections By Material Type, 2023 to 2033

Figure 08: India Shape Memory Alloy Market Attractiveness Analysis By Material Type, 2023 to 2033

Figure 09: India Shape Memory Alloy Market Absolute $ Opportunity by Nickel-Titanium (Nitinol) Segment, 2018 to 2033

Figure 10: India Shape Memory Alloy Market Absolute $ Opportunity by Copper Based Segment, 2018 to 2033

Figure 11: India Shape Memory Alloy Market Absolute $ Opportunity by Fe-Mn-Si Segment, 2018 to 2033

Figure 12: India Shape Memory Alloy Market Absolute $ Opportunity by Others Segment, 2018 to 2033

Figure 13: India Shape Memory Alloy Market Share and BPS Analysis By Component Type, 2022 to 2032

Figure 14: India Shape Memory Alloy Market Y-o-Y Growth Projections By Component Type, 2023 to 2033

Figure 15: India Shape Memory Alloy Market Attractiveness Analysis By Component Type, 2023 to 2033

Figure 16: India Shape Memory Alloy Market Absolute $ Opportunity by Ingots Segment, 2018 to 2033

Figure 17: India Shape Memory Alloy Market Absolute $ Opportunity by Sheets Segment, 2018 to 2033

Figure 18: India Shape Memory Alloy Market Absolute $ Opportunity by Blocks Segment, 2018 to 2033

Figure 19: India Shape Memory Alloy Market Absolute $ Opportunity by Wires & Tubes Segment, 2018 to 2033

Figure 20: India Shape Memory Alloy Market Absolute $ Opportunity by Pipes segment, 2018 to 2033

Figure 21: India Shape Memory Alloy Market Share and BPS Analysis By End-Use Industry, 2022 to 2032

Figure 22: India Shape Memory Alloy Market Y-o-Y Growth Projections By End-Use Industry, 2023 to 2033

Figure 23: India Shape Memory Alloy Market Attractiveness Analysis By End-Use Industry, 2023 to 2033

Figure 24: India Shape Memory Alloy Market Absolute $ Opportunity by Biomedical Segment, 2018 to 2033

Figure 25: India Shape Memory Alloy Market Absolute $ Opportunity by Aerospace & Defence Segment, 2018 to 2033

Figure 26: India Shape Memory Alloy Market Absolute $ Opportunity by Automotive Segment, 2018 to 2033

Figure 27: India Shape Memory Alloy Market Absolute $ Opportunity by Building & Construction Segment, 2018 to 2033

Figure 28: India Shape Memory Alloy Market Absolute $ Opportunity by Consumer Electronics Segment, 2018 to 2033

Figure 29: India Shape Memory Alloy Market Absolute $ Opportunity by Others Segment, 2018 to 2033

Figure 30: India Shape Memory Alloy Market Share and BPS Analysis By Application, 2022 to 2032

Figure 31: India Shape Memory Alloy Market Y-o-Y Growth Projections By Application, 2023 to 2033

Figure 32: India Shape Memory Alloy Market Attractiveness Analysis By Application, 2023 to 2033

Figure 33: India Shape Memory Alloy Market Absolute $ Opportunity by Wire & Tubes Segment, 2018 to 2033

Figure 34: India Shape Memory Alloy Market Absolute $ Opportunity by Motor/Actuators/Transducer Segment, 2018 to 2033

Figure 35: India Shape Memory Alloy Market Absolute $ Opportunity by Valves Segment, 2018 to 2033

Figure 36: India Shape Memory Alloy Market Absolute $ Opportunity by Pipes Segment, 2018 to 2033

Figure 37: India Shape Memory Alloy Market Absolute $ Opportunity by Sensors Segment, 2018 to 2033

Figure 38: India Shape Memory Alloy Market Absolute $ Opportunity by Others Segment, 2018 to 2033

Figure 39: India Shape Memory Alloy Market Share and BPS Analysis By Region, 2022 to 2032

Figure 40: India Shape Memory Alloy Market Y-o-Y Growth Projections By Region, 2023 to 2033

Figure 41: India Shape Memory Alloy Market Attractiveness Analysis By Region, 2023 to 2033

Figure 42: India Shape Memory Alloy Market Absolute $ Opportunity by North India Segment, 2018 to 2033

Figure 43: India Shape Memory Alloy Market Absolute $ Opportunity by South India Segment, 2018 to 2033

Figure 44: India Shape Memory Alloy Market Absolute $ Opportunity by East India Segment, 2018 to 2033

Figure 45: India Shape Memory Alloy Market Absolute $ Opportunity by West India Segment, 2018 to 2033

Figure 46: North India Shape Memory Alloy Market Share and BPS Analysis By Material Type, 2023 & 2033

Figure 47: North India Shape Memory Alloy Market Y-o-Y Growth Projections By Material Type, 2023 to 2033

Figure 48: North India Shape Memory Alloy Market Attractiveness Analysis By Material Type, 2023 to 2033

Figure 49: North India Shape Memory Alloy Market Share and BPS Analysis By Component Type, 2022 to 2032

Figure 50: North India Shape Memory Alloy Market Y-o-Y Growth Projections By Component Type, 2023 to 2033

Figure 51: North India Shape Memory Alloy Market Attractiveness Analysis By Component Type, 2023 to 2033

Figure 52: North India Shape Memory Alloy Market Share and BPS Analysis By End-Use Industry, 2022 to 2032

Figure 53: North India Shape Memory Alloy Market Y-o-Y Growth Projections By End-Use Industry, 2023 to 2033

Figure 54: North India Shape Memory Alloy Market Attractiveness Analysis By End-Use Industry, 2023 to 2033

Figure 55: North India Shape Memory Alloy Market Share and BPS Analysis By Application, 2022 to 2032

Figure 56: North India Shape Memory Alloy Market Y-o-Y Growth Projections By Application, 2023 to 2033

Figure 57: North India Shape Memory Alloy Market Attractiveness Analysis By Application, 2023 to 2033

Figure 58: South India Shape Memory Alloy Market Share and BPS Analysis By Material Type, 2023 & 2033

Figure 59: South India Shape Memory Alloy Market Y-o-Y Growth Projections By Material Type, 2023 to 2033

Figure 60: South India Shape Memory Alloy Market Attractiveness Analysis By Material Type, 2023 to 2033

Figure 61: South India Shape Memory Alloy Market Share and BPS Analysis By Component Type, 2022 to 2032

Figure 62: South India Shape Memory Alloy Market Y-o-Y Growth Projections By Component Type, 2023 to 2033

Figure 63: South India Shape Memory Alloy Market Attractiveness Analysis By Component Type, 2023 to 2033

Figure 64: South India Shape Memory Alloy Market Share and BPS Analysis By End-Use Industry, 2022 to 2032

Figure 65: South India Shape Memory Alloy Market Y-o-Y Growth Projections By End-Use Industry, 2023 to 2033

Figure 66: South India Shape Memory Alloy Market Attractiveness Analysis By End-Use Industry, 2023 to 2033

Figure 67: South India Shape Memory Alloy Market Share and BPS Analysis By Application, 2022 to 2032

Figure 68: South India Shape Memory Alloy Market Y-o-Y Growth Projections By Application, 2023 to 2033

Figure 69: South India Shape Memory Alloy Market Attractiveness Analysis By Application, 2023 to 2033

Figure 70: East India Shape Memory Alloy Market Share and BPS Analysis By Material Type, 2023 & 2033

Figure 71: East India Shape Memory Alloy Market Y-o-Y Growth Projections By Material Type, 2023 to 2033

Figure 72: East India Shape Memory Alloy Market Attractiveness Analysis By Material Type, 2023 to 2033

Figure 73: East India Shape Memory Alloy Market Share and BPS Analysis By Component Type, 2022 to 2032

Figure 74: East India Shape Memory Alloy Market Y-o-Y Growth Projections By Component Type, 2023 to 2033

Figure 75: East India Shape Memory Alloy Market Attractiveness Analysis By Component Type, 2023 to 2033

Figure 76: East India Shape Memory Alloy Market Share and BPS Analysis By End-Use Industry, 2022 to 2032

Figure 77: East India Shape Memory Alloy Market Y-o-Y Growth Projections By End-Use Industry, 2023 to 2033

Figure 78: East India Shape Memory Alloy Market Attractiveness Analysis By End-Use Industry, 2023 to 2033

Figure 79: East India Shape Memory Alloy Market Share and BPS Analysis By Application, 2022 to 2032

Figure 80: East India Shape Memory Alloy Market Y-o-Y Growth Projections By Application, 2023 to 2033

Figure 81: East India Shape Memory Alloy Market Attractiveness Analysis By Application, 2023 to 2033

Figure 82: West India Shape Memory Alloy Market Share and BPS Analysis By Material Type, 2023 & 2033

Figure 83: West India Shape Memory Alloy Market Y-o-Y Growth Projections By Material Type, 2023 to 2033

Figure 84: West India Shape Memory Alloy Market Attractiveness Analysis By Material Type, 2023 to 2033

Figure 85: West India Shape Memory Alloy Market Share and BPS Analysis By Component Type, 2022 to 2032

Figure 86: West India Shape Memory Alloy Market Y-o-Y Growth Projections By Component Type, 2023 to 2033

Figure 87: West India Shape Memory Alloy Market Attractiveness Analysis By Component Type, 2023 to 2033

Figure 88: West India Shape Memory Alloy Market Share and BPS Analysis By End-Use Industry, 2022 to 2032

Figure 89: West India Shape Memory Alloy Market Y-o-Y Growth Projections By End-Use Industry, 2023 to 2033

Figure 90: West India Shape Memory Alloy Market Attractiveness Analysis By End-Use Industry, 2023 to 2033

Figure 91: West India Shape Memory Alloy Market Share and BPS Analysis By Application, 2022 to 2032

Figure 92: West India Shape Memory Alloy Market Y-o-Y Growth Projections By Application, 2023 to 2033

Figure 93: West India Shape Memory Alloy Shape Market Attractiveness Analysis By Application, 2023 to 2033

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