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Nickel Alloy Global Market by Application, Growth, Trends, Analysis and Forecasts to 2020

Author : nickel alloy Date : 8/2/2017 1:15:03 PM
 According to report, the Global Super alloys Market is valued at $4,169.8 million in 2016 and is expected to reach $7,800 million
by 2020 growing at a CAGR of 9.7% from 2016 to 2020. Increasing demand for high performance, light weight materials in aerospace,
automotive, industrial gas turbines (IGT) and industrial applications is expected to have a positive impact on superalloys market growth
over the forecast period. Growing demand for highly durable materials, rising demand from power industries, increasing government
expenditure in emerging economies are the factors enhancing the market growth. However, high cost of base alloys is expected to hamper
the superalloys market.

The Nickel base segment is estimated to account for the largest share in the global superalloys market throughout the forecast period as this material possess high temperature resistant properties and oxidation resistance. Among applications, aerospace segment is expected to dominate the global market due to increasing need for lightweight and high strength materials that can withstand high temperatures.

North America and Europe are the key regions for superalloys market. US, Germany, UK, and France are the market leaders in this regions contributing to the demand for superalloys. Asia Pacific is expected to emerge as the fastest growing region due to increasing demand for superalloys in emerging economies such as China and India.

Some of the key participants in global superalloys market are Allegheny Technologies Incorporated (ATI), AMG Superalloys, Aperam S.A., Baosteel Group, Beijing Cisri-Gaona Materials & Technology, Carpenter Technology Corporation, Doncasters, Haynes International Inc., Nippon Yakin Kogyo, Shenyang Renhe Holding, Special Metals Corporation, Super Alloy Industrial, ThyssenKrupp AG and Universal Stainless.

Material Types Covered:
-Cobalt base
-Nickel base

Applications Covered:
- General aviation
- Commercial aircraft
- Military
- Helicopter
-Industrial Gas Turbine
-Marine turbine
-Oil & Gas
-Other Applications 

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