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Superalloys Global Market by Application,Trends and Forecasts to 2023

Author : nickel alloy Date : 12/14/2017 10:40:59 AM

Superalloys Global Market by Application, Data Validation, Growth, Trends, Analysis and Forecasts to 2023

According to Publisher, the Global Superalloys Market is valued at $4,170.5 million in 2016 and is expected to reach $7,957.4 million by 2023
growing at a CAGR of 9.7% from 2016 to 2023. Increasing demand for high performance, lightweight 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.

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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