Global Superalloys Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Superalloys Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the superalloys market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Superalloys are high strength materials which have several such as, aerospace and aircraft manufacturing, oil & gas equipment, gas turbines, and power industries that are expected to drive the growth of superalloys market across the globe. Further, exhaust valve of reciprocating engines, bolts, fans and pumps of chemical and petrochemical industries that boost the demand of superalloys market. Moreover, superalloys are widely used in automotive sector due to their capability to retain its strength at higher temperature.
However, higher cost of base alloys like titanium, molybdenum, tungsten, and tantalum is the major restrain for growth of this market. Despite of that, increasing demand for these alloys in various industries in developing economies creates better opportunities in future.
This report presents a detailed evaluation of superalloys, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
The major growth factors for superalloys market in North American region is increased utilization of aircraft and prominent growth in aerospace industry followed by European region. However, growing demand from developing countries such as, China, India, Japan, and South Korea from Asia-Pacific region are anticipated to drive the market in upcoming years.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global superalloys market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Allegheny Technologies Incorporated (ATI), Haynes International, Special Metals Corporation, Aperam, Carpenter Technology, AMG Superalloys, Doncasters, Nippon Yakin Kogyo, Universal Stainless, Danyang City Kaixin Alloy Material Co. Ltd, and Supreme Special Steel Pvt. Ltd.
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