High Performance Alloys Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMPC181 | Last Updated On: Feb 11 2021 | No. of Pages: 180 | Available Formats

> Global High Performance Alloys Market Expected to reach a high CAGR of 3.30% By 2027: DataM Intelligence

Global High-Performance Alloys Market is segmented By Material Type (Titanium, Aluminium, Magnesium, Others), By Product (Non-Ferrous Alloys, Platinum Group Alloys, Refractory Metal Alloys, Super Alloys), By Application (Automotive, Aerospace, Industrial Gas Turbines, Oil & Gas and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global High-Performance Alloys Market is expected to grow at a CAGR of 3.30% during the forecasting period (2020-2027).

High-performance alloys exhibit excellent mechanical strength and creep resistance at high temperatures, good surface stability, and corrosion and oxidation resistance. They typically have an austenitic face-centered cubic crystal structure with a base alloying element of nickel, cobalt, or nickel-iron. The development of High-performance alloys has primarily been driven by the aerospace and power industries.

The corrosion-resistant high-performance alloys are widely used in extreme environments where tremendous heat and corrosion resistance is paramount to the integrity of the end product. Chemical and petrochemical processing, power plants, and oil and gas industries widely use these high-performance alloys.

Market Dynamics

The market is impacted by several factors such as increasing demand for high-performance materials in aerospace, automotive, and defense industry, advancement in technology and economies of scale, growing usage of the product in industrial gas turbines and other gas turbines used in power generation, and, increasing government expenditure particularly in developing economies to restart gas-based power plants is expected to have a positive impact on the growth of the market.

During manufacturing processes, high-performance alloys face certain challenges. They generate heat during machining and this accumulated high temperature interferes with the cutting process of the alloys, causing damage or deformation to them. Furthermore, the shapes of parts of high-performance alloys make them difficult to be held securely for machining.

Market Segmentation

Based on the material type, the global high-performance alloy market is segmented as titanium, aluminum, magnesium, and others. The aluminum high-performance alloys segment is expected to be the fastest-growing segment followed by titanium due to the usage of manufacturing parts increasing in aircraft. Aluminum is lightweight, technically advanced in terms of forming and alloying, and its relatively low cost. Automotive industry coupled with increasing substitution of steel with aluminum-based high-performance alloys in the automotive industry to fetch the advantage of significant weight reduction.

In addition, due to the ability to withstand high-temperature and high-pressure conditions, the demand for titanium and aluminum-based alloys is increasing in & gas exploration activities and the aerospace industry. Airliners and military jets are heavy users of aluminum, and newer designs continue to specify lots of aluminum. For instance, The Airbus A380, one of the largest passenger airliner in the world, contains 10 times the amount of aluminum used in the Airbus A320. And Boeing’s 787 Dreamliner, which is often described as a composite aircraft, contains 20% aluminum (by weight) which includes aluminum 7085, a relatively new aluminum alloy.

The market is segmented by application into automotive, aerospace, industrial gas turbines, oil & gas, and others. Aerospace is expected to grab the major share of revenue in the forecast period due to the increasing demand for high-performance materials in aircraft and rocket engines owing to properties such as high strength, reliability and low weight of the materials. The aerospace industries are quick adopters of initial engineering technology which has managed to the growth of high-performance alloys systems globally. High-Performance alloys make it possible for the aerospace industry to produce high-performance parts such as jet engines and airframes.

In addition, because of excellent heat resistance properties, the use of high-performance materials is increasing, so the alloy is often used to make parts for aircraft engines. Companies are focusing to offer a variety of specialty alloys and composites that meet end-users physical and mechanical property requirements. For instance, Materion Corporation launched a product AMC® 4632 ALLOY, which is manufactured by powder metallurgy, refining the microstructure and providing enhanced mechanical properties, especially for the aerospace industry.

By Product type, the market is segmented into Non-Ferrous Alloys, Platinum Group Alloys, Refractory Metal Alloys, and Super Alloys.

Geographical Analysis:

Geographically, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa.

The Asia Pacific high-performance alloys market size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period. Asia Pacific is expected to hold the largest market share in the forecast period. The continuous improvement of construction activities and the automotive businesses in Japan, India, and China will indicate the commercial developments of the High-Performance Alloys market in the Asia Pacific. The growth in the GDPs of developing nations in the Asia Pacific will likewise be a major factor for the development of the High-Performance Alloys industry.

Most of the governments are focusing on cost reduction and to improve the performance of alloys. For instance, The Australia-India Strategic Research Fund has announced it will support a major collaboration into high-performance alloys. The Australia-India Strategic Research Fund (AISRF) announced the grant, valued at almost USD 1 million. A team of Deakin researchers will lead the Australian arm of a collaborative research project that aims to achieve improved performance and cost savings through advanced manufacturing of new high entropy alloys.

The North America high-performance alloys market size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, at a CAGR of XX% during the forecast period. USA, Mexico, and Brazil are the major contributors of the North America region. North America is a center point for the automotive and aeronautical industries, which plays a vital role in the growth of High-performance alloys. The interest for alloys in North America establishes a huge expansion due to the presence of the airplane, marine and automotive business.

The growth of the North American market is expected to be mainly driven by the rising demand in the automotive industry with the increasing production of passenger cars, increasing R&D investments,  and, favorable government regulations. For instance, The USA government introduced ‘The National Space Policy’ for promoting investment in the aerospace industry and it is expected to boost the High-Performance Alloys market growth in North America.

Competitive Analysis

Some of the major market players are Alcoa Inc., Precision Castparts Corp., Outokumpu, Hitachi Metals Ltd., Aperam SA, Allegheny Technologies Incorporated, Carpenter Technology, Haynes International Inc., Timken Company, VSMPO-Avisma Corporation, and, ThyssenKrupp AG.

In March 2018, Materion Corporation announced a distribution agreement with EDRO GmbH in Europe. Adding to this, EDRO Specialty Steels Inc. will join ThyssenKrupp Copper and Brass Sales as exclusive distributors of MoldMAX alloy products in North America.

Companies are focusing to launch new products globally due to the high demand from different applications.

In the year 2018, ALLITE® Inc. created and produces ELITE Super Magnesium™, a premium alloy that is the lightest of all structural materials and is diversely appealing across vast industries where weight, performance and efficiency are critical.

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Table of Contents 

  1. High-Performance Alloys Market Methodology and Scope

    1. Research methodology
    2. Research Objective and Scope of the Report
  2. High-Performance Alloys Market – Market Definition and Overview

  3. High-Performance Alloys Market – Executive Summary

    1. Market Snippet by Material Type
    2. Market Snippet by Product
    3. Market Snippet by Application
    4. Market Snippet by Region
  4. High-Performance Alloys Market Dynamics

    1. Market Impacting Factors
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Impact Analysis
  5. High-Performance Alloys Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
  6. High-Performance Alloys Market – By Material Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
      2. Market Attractiveness Index, By Material Type
    2. Titanium
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Aluminium
    4. Magnesium
    5. Others
  7. High-Performance Alloys Market – By Product

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      2. Market Attractiveness Index, By Product
    2. Non-Ferrous Alloys
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Platinum Group Alloys
    4. Refractory Metal Alloys
    5. Super Alloys
  8. High-Performance Alloys Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Automotive
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Aerospace
    4. Industrial Gas Turbines
    5. Oil & Gas
    6. Others
  9. High-Performance Alloys Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries
        1. Germany
        2. The U.K.
        3. France
        4. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  10. High-Performance Alloys Market – Competitive Landscape

    1. Competitive Scenario
    2. Competitor Strategy Analysis
    3. Comparative Product Portfolio Analysis
    4. Market Positioning/Share Analysis
    5. Mergers and Acquisitions Analysis
  11. Company Profiles

    1. Alcoa Inc
      1. Company overview
      2. Product portfolio and description
      3. Key highlights
      4. Financial overview
    2. Precision Catparts corp.                    
    3. Outokumpu                
    4. Hitachi Metals Ltd.               
    5. Aperam                  
    6. Allegheny Technologies Incorp.
    7. Carpenter Technology
    8. Haynes International Inc.
    9. VSMPO-Avisma corp.
    10. ThyssenKrupp AG 
  12. High-Performance Alloys Market – Premium Insights

  13. High-Performance Alloys Market – DataM

    1. Appendix
    2. List of Tables and Figures
    3. About Us and Services
    4. Contact Us

LIST OF TABLES


Table 1 Global High-Performance Alloys Market Value, By Material Type, 2018,2022 & 2026 (USD Million)
Table 2 Global High-Performance Alloys Market Value, By Product, 2018,2022 & 2026 (USD Million)
Table 3 Global High-Performance Alloys Market Value, By Application, 2018,2022 & 2026 (USD Million)
Table 4 Global High-Performance Alloys Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 5 Global High-Performance Alloys Market Value, By Material Type, 2018,2022 & 2026 (USD Million)
Table 6 Global High-Performance Alloys Market Value, By Material Type, 2017-2026 (USD Million)
Table 7 Global High-Performance Alloys Market Value, By Product, 2018,2022 & 2026 (USD Million)
Table 8 Global High-Performance Alloys Market Value, By Product, 2017-2026 (USD Million)
Table 9 Global High-Performance Alloys Market Value, By Application, 2018,2022 & 2026 (USD Million)
Table 10 Global High-Performance Alloys Market Value, By Application, 2017-2026 (USD Million)
Table 11 Global High-Performance Alloys Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 12 Global High-Performance Alloys Market Value, By Region, 2017-2026 (USD Million)
Table 13 North America High-Performance Alloys Market Value, By Material Type, 2017-2026 (USD Million)
Table 14 North America High-Performance Alloys Market Value, By Product, 2017-2026 (USD Million)
Table 15 North America High-Performance Alloys Market Value, By Application, 2017-2026 (USD Million)
Table 16 North America High-Performance Alloys Market Value, By Country, 2017-2026 (USD Million)
Table 17 South America High-Performance Alloys Market Value, By Material Type, 2017-2026 (USD Million)
Table 18 South America High-Performance Alloys Market Value, By Product, 2017-2026 (USD Million)
Table 19 South America High-Performance Alloys Market Value, By Application, 2017-2026 (USD Million)
Table 20 South America High-Performance Alloys Market Value, By Country, 2017-2026 (USD Million)
Table 21 Europe High-Performance Alloys Market Value, By Material Type, 2017-2026 (USD Million)
Table 22 Europe High-Performance Alloys Market Value, By Product, 2017-2026 (USD Million)
Table 23 Europe High-Performance Alloys Market Value, By Application, 2017-2026 (USD Million)
Table 24 Europe High-Performance Alloys Market Value, By Country, 2017-2026 (USD Million)
Table 25 Asia-Pacific High-Performance Alloys Market Value, By Material Type, 2017-2026 (USD Million)
Table 26 Asia-Pacific High-Performance Alloys Market Value, By Product, 2017-2026 (USD Million)
Table 27 Asia-Pacific High-Performance Alloys Market Value, By Application, 2017-2026 (USD Million)
Table 28 Asia-Pacific High-Performance Alloys Market Value, By Country, 2017-2026 (USD Million)
Table 29 Middle East & Africa High-Performance Alloys Market Value, By Material Type, 2017-2026 (USD Million)
Table 30 Middle East & Africa High-Performance Alloys Market Value, By Product, 2017-2026 (USD Million)
Table 31 Middle East & Africa High-Performance Alloys Market Value, By Application, 2017-2026 (USD Million)
Table 32 Alcoa Inc: Overview
Table 33 Alcoa Inc: Product Portfolio
Table 34 Alcoa Inc: Key Developments
Table 35 Precision Catparts corp.: Overview
Table 36 Precision Catparts corp.: Product Portfolio
Table 37 Precision Catparts corp.: Key Developments
Table 38 Outokumpu: Overview
Table 39 Outokumpu: Product Portfolio
Table 40 Outokumpu: Key Developments
Table 41 Hitachi Metals Ltd.: Overview
Table 42 Hitachi Metals Ltd.: Product Portfolio
Table 43 Hitachi Metals Ltd.: Key Developments
Table 44 Aperam: Overview
Table 45 Aperam: Product Portfolio
Table 46 Aperam: Key Developments
Table 47 Allegheny Technologies Incorp.: Overview
Table 48 Allegheny Technologies Incorp.: Product Portfolio
Table 49 Allegheny Technologies Incorp.: Key Developments
Table 50 Carpenter Technology: Overview
Table 51 Carpenter Technology: Product Portfolio
Table 52 Carpenter Technology: Key Developments
Table 53 Haynes International Inc.: Overview
Table 54 Haynes International Inc.: Product Portfolio
Table 55 Haynes International Inc.: Key Developments
Table 56 VSMPO-Avisma corp.: Overview
Table 57 VSMPO-Avisma corp.: Product Portfolio
Table 58 VSMPO-Avisma corp.: Key Developments
Table 59 ThyssenKrupp AG: Overview
Table 60 ThyssenKrupp AG: Product Portfolio
Table 61 ThyssenKrupp AG: Key Developments


LIST OF FIGURES

Figure 1 Global High-Performance Alloys Market Share, By Material Type, 2018 & 2026 (%)
Figure 2 Global High-Performance Alloys Market Share, By Product, 2018 & 2026 (%)
Figure 3 Global High-Performance Alloys Market Share, By Application, 2018 & 2026 (%)
Figure 4 Global High-Performance Alloys Market Share, By Region, 2018 & 2026 (%)
Figure 5 Global High-Performance Alloys Market Value, 2017-2026 (USD Million)
Figure 6 Global High-Performance Alloys Market Y-o-Y Growth, By Material Type, 2018-2026 (%)
Figure 7 Global High-Performance Alloys Market Value, By Titanium, 2017-2026 (USD Million)
Figure 8 Global High-Performance Alloys Market Value, By Aluminium, 2017-2026 (USD Million)
Figure 9 Global High-Performance Alloys Market Value, By Magnesium, 2017-2026 (USD Million)
Figure 10 Global High-Performance Alloys Market Value, By Others, 2017-2026 (USD Million)
Figure 11 Global High-Performance Alloys Market Y-o-Y Growth, By Product, 2018-2026 (%)
Figure 12 Global High-Performance Alloys Market Value, By Non-Ferrous Alloys, 2017-2026 (USD Million)
Figure 13 Global High-Performance Alloys Market Value, By Platinum Group Alloys, 2017-2026 (USD Million)
Figure 14 Global High-Performance Alloys Market Value, By Refractory Metal Alloys, 2017-2026 (USD Million)
Figure 15 Global High-Performance Alloys Market Value, By Super Alloys, 2017-2026 (USD Million)
Figure 16 Global High-Performance Alloys Market Y-o-Y Growth, By Application, 2018-2026 (%)
Figure 17 Global High-Performance Alloys Market Value, By Automotive, 2017-2026 (USD Million)
Figure 18 Global High-Performance Alloys Market Value, By Aerospace, 2017-2026 (USD Million)
Figure 19 Global High-Performance Alloys Market Value, By Industrial Gas Turbines, 2017-2026 (USD Million)
Figure 20 Global High-Performance Alloys Market Value, By Oil & Gas, 2017-2026 (USD Million)
Figure 21 Global High-Performance Alloys Market Value, By Others, 2017-2026 (USD Million)
Figure 22 Global High-Performance Alloys Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 23 North America High-Performance Alloys Market Value, 2017-2026 (USD Million)
Figure 24 North America High-Performance Alloys Market Share, By Material Type, 2018 & 2026 (%)
Figure 25 North America High-Performance Alloys Market Share, By Product, 2018 & 2026 (%)
Figure 26 North America High-Performance Alloys Market Share, By Application, 2018 & 2026 (%)
Figure 27 North America High-Performance Alloys Market Share, By Country, 2018 & 2026 (%)
Figure 28 South America High-Performance Alloys Market Value, 2017-2026 (USD Million)
Figure 29 South America High-Performance Alloys Market Share, By Material Type, 2018 & 2026 (%)
Figure 30 South America High-Performance Alloys Market Share, By Product, 2018 & 2026 (%)
Figure 31 South America High-Performance Alloys Market Share, By Application, 2018 & 2026 (%)
Figure 32 South America High-Performance Alloys Market Share, By Country, 2018 & 2026 (%)
Figure 33 Europe High-Performance Alloys Market Value, 2017-2026 (USD Million)
Figure 34 Europe High-Performance Alloys Market Share, By Material Type, 2018 & 2026 (%)
Figure 35 Europe High-Performance Alloys Market Share, By Product, 2018 & 2026 (%)
Figure 36 Europe High-Performance Alloys Market Share, By Application, 2018 & 2026 (%)
Figure 37 Europe High-Performance Alloys Market Share, By Country, 2018 & 2026 (%)
Figure 38 Asia-Pacific High-Performance Alloys Market Value, 2017-2026 (USD Million)
Figure 39 Asia-Pacific High-Performance Alloys Market Share, By Material Type, 2018 & 2026 (%)
Figure 40 Asia-Pacific High-Performance Alloys Market Share, By Product, 2018 & 2026 (%)
Figure 41 Asia-Pacific High-Performance Alloys Market Share, By Application, 2018 & 2026 (%)
Figure 42 Asia-Pacific High-Performance Alloys Market Share, By Country, 2018 & 2026 (%)
Figure 43 Middle East & Africa High-Performance Alloys Market Value, 2017-2026 (USD Million)
Figure 44 Middle East & Africa High-Performance Alloys Market Share, By Material Type, 2018 & 2026 (%)
Figure 45 Middle East & Africa High-Performance Alloys Market Share, By Product, 2018 & 2026 (%)
Figure 46 Middle East & Africa High-Performance Alloys Market Share, By Application, 2018 & 2026 (%)
Figure 47 Alcoa Inc: Financials
Figure 48 Precision Catparts corp.: Financials
Figure 49 Outokumpu: Financials
Figure 50 Hitachi Metals Ltd.: Financials
Figure 51 Aperam: Financials
Figure 52 Allegheny Technologies Incorp.: Financials
Figure 53 Carpenter Technology: Financials
Figure 54 Haynes International Inc.: Financials
Figure 55 VSMPO-Avisma corp.: Financials
Figure 56 ThyssenKrupp AG: Financials

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