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Superalloys Market

Market Insights on Superalloys covering sales outlook, demand forecast & up-to-date key trends

Superalloys Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment; 2017 - 2027

Superalloys Market Overview

Superalloys or high performance alloys are the metallic alloys that possess high strength, significant surface stability, corrosion resistance and creep resistance at high temperature. Superalloys are generally utilized in products and applications operating at high pressure, radiation, force and temperature under the impact of corrosive media.

They have austenitic face-centered cubic (FCC) crystal with alloying element of cobalt, iron or nickel as a base. Presently, there is escalation in demand of superalloys due to its high-strength that can resist creeping and high temperature in various applications like aerospace and aircraft.

Superalloys are used in various application such as aerospace, oil and gas, industrial and gas turbine. Combustion chambers, shafts, blades of aircraft gas turbine, turbocharger and exhaust valve of reciprocating engines, bolts, fans and pumps of chemical and petrochemical industries, rocket engine parts of space vehicles, bolts, blades of steam turbine power plants are some of the prominent end-use products / applications where superalloys are extensively used.

Furthermore, superalloys are widely used in automotive sector due to their capability to retain its strength at higher temperature. Additionally, due to their light weight, it helps in improving the fuel efficiency of automotive as well as aircraft. Superalloys can be nickel-based, iron-based and cobalt-based.

Among these, the nickel based superalloys are highly preferred in aerospace sector as it can resist physical stress and extremely high temperatures, which in turn helps to maintain high surface stability. Industrial nickel-based superalloys contain alloying elements such as aluminum, chromium, titanium, tungsten, niobium, tantalum, cobalt etc. Some of the key players in the market are focused on development of cost effective light weight superalloys.  

Superalloys Market: Market Dynamics

Increasing adoption of superalloys or high performance alloys in power and aerospace industry is expected to drive the growth of superalloys market over the forecast period. Moreover, increasing use of light weight components in automotive sector is also anticipated to upsurge the demand of superalloys across the globe.

Additionally, excellent cryogenic temperature property, resistance to corrosion, oxidation resistant, high toughness and ductility are the properties of superalloys which are expected to fuel the demand of global superalloys market during the forecast period.

High cost of the alloy metals is one of the major factor which is anticipated to hamper the growth of superalloys market. Moreover, specialty machines are used to manufacture superalloys and high price of these machines is further expected to restrict the growth of superalloys market. Furthermore, lack of skilled labors coupled with complex process involved in maintaining these specialty machines is further anticipated to affect the positive growth of the global superalloys market in near future.

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Superalloys Market: Region-Wise Outlook

During the forecast period, North America is expected to witness rich growth in superalloys market due to increased utilization of aircraft and prominent growth in aerospace industry in this region. Asia Pacific, in particulars, is estimated to witness growth in superalloys market owing to growth in automotive industries and existence of developing economics.

Japan is anticipated to grow at a significant CAGR during the forecast period due to growing automotive industry and related industry in these region. Middle East and Africa is projected to support the growth of superalloys market due to rapid industrialization in upcoming years.

Superalloys Market: Market Participants

Some of the market participants identified across the value chain of the global superalloys market include:

  • Aperam S.A.
  • AMG Superalloys
  • Special Metal Corporation
  • Haynes International
  • Nippon Yakin Kogyo Co., Ltd.
  • Special Metals Corporation
  • Universal Stainless
  • Superalloy International Co. Ltd.
  • VDM Metals
  • Aperam S.A.
  • Allegheny Technologies Incorporated (ATI)
  • Cannon-Muskegon
  • ThyssenKrupp AG
  • IMET Alloys
  • Danyang City Kaixin Alloy Material Co. Ltd.
  • Carpenter Technology
  • NBM Metals

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends and Issues and Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Superalloys Market: Segmentation

The global superalloys market can be segmented on the basis of base material and applications.

 On the basis of base material, the global superalloys market can be segmented as:

  • Nickel-based superalloys
  • Iron-based superalloys
  • Cobalt-based superalloys

On the basis of applications, the global superalloys market can be segmented as:

  • Automotive
  • Oil and gas
  • Aerospace
  • Industrial

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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