High performance alloys are alloys that exhibit extraordinary mechanical strength, good surface stability with resistance to thermal creep deformation, corrosion and oxidation. Some examples of high performance alloys include Inconel, Rene alloys and TMS alloys. Such alloys are designed primarily for turbine engines in aerospace and marine. Other applications of high performance alloys include medical components, automotive components, reaction vessels, piping and pumps and, heat exchangers in the chemical and petrochemical industry.MARKET DYNAMICS
The high performance alloys market is anticipated to proliferate in the forecast period owing to the growing demand for light materials from aerospace and other end-user industries. Also, the applicability of high performance alloys in critical applications such as thermal processing, oil & gas extraction and turbine components further boosts the high performance alloys market. However, high cost and strict regulations associated with raw material mining and procurement along with the high initial capital investment hinders the growth of the market. On the other hand, the high performance alloys market is likely to witness growth opportunities for the market players on account of rapid advancements in the processing techniques during the forecast period.MARKET SCOPE
The "Global High Performance Alloys Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of high performance alloys market with detailed market segmentation by material, product, application and geography. The global high performance alloys market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading high performance alloys market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
The global high performance alloys market is segmented on the basis of material, product and application. Based on material, the market is segmented as aluminum, titanium, magnesium and others. On the basis of the product, the market is segmented as non-ferrous, platinum group metals, refractory and superalloys. The market on the basis of the application is classified as aerospace, industrial gas turbine, industrial, automotive, oil & gas, electrical & electronics and others.REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global high performance alloys market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The high performance alloys market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting high performance alloys market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the high performance alloys market in these regions.
The reports cover key developments in the high performance alloys market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from high performance alloys market are anticipated to lucrative growth opportunities in the future with the rising demand for high performance alloys in the global market. Below mentioned is the list of few companies engaged in the high performance alloys market.
The report also includes the profiles of key high performance alloys companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Alcoa Corporation
- Allegheny Technologies Incorporated
- Aperam S.A.
- Carpenter Technology Corporation (CRS Holdings Inc.)
- Haynes International, Inc.
- Hitachi Metals, Ltd.
- Outokumpu Oyj
- Precision Castparts Corp.
- The Timken Company
- VSMPO-AVISMA Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.