Industry Insights
High performance alloys market has been witnessing strong growth over
the last few years on account of increasing application in major
end-use industries including aerospace, gas turbines, electronics and
oil & gas. High performance alloys have ability to sustain high
temperature. Increasing high thermal resistant materials demand in
aerospace industry is anticipated to fuel the market growth over the
next six years.
High performance alloys demand is growing on account of its superior
mechanical and chemical properties including high tensile strength,
inertness towards alkaline and resistance to heat & corrosion.
Increasing application scope of high performance alloys in gas turbines
is anticipated to complement the market growth in near future.
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In addition, high performance alloys are used in wind turbines owing
to their high strength and design flexibility. Growing wind energy
industry owing to meet the required energy demand is likely to drive the
global high performance alloy market over the foreseeable period.
Product Insights
Non ferrous alloys have been witnessing strong growth over the last
few years on account of increasing demand from aerospace and gas
turbines industry. Titanium and nickel which come under non-ferrous
alloys are used in the main gear box assembly of helicopter due to their
high tensile strength and modulus. However, volatile price of titanium
alloys is expected to hamper the market growth in near future.
Refractory alloys are mainly used in applications where material with
high thermal stability is required. Increasing demand for high thermal
stability materials in major end-use industries including oil & gas
and power generation is anticipated to boost the demand for high
performance alloys over the forecast period.
Platinum group metal (PGM) alloys such as Ruthenium, Rhodium,
Palladium, Osmium, Iridium and Platinum have multitude applications in
automotive, jewelers, catalysis process, glass fiber production and
laboratory crucibles. These applications of PGM alloys are expected to
fuel the market growth over the forecast period.
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Application Insights
Aerospace industry has been the dominating application segment of
high performance alloys over the last few years, and the trend is
expected to continue over the forecast period. Growing aviation industry
coupled with increasing R&D activities is likely to impact the
market growth positively over the next few years. Gas turbines industry
is the second major application segment of high performance alloys
followed by automotive. Power generation and oil & gas industry has
been witnessing significant growth over the last few years.
Regional Insights
North America has been the largest regional market segment of high
performance alloys over the past few years, and the trend is expected to
continue over the forecast period. Owing to rapid growth in aerospace
industry in this region, demand for high performance alloys is expected
to witness significant growth over the next six years. Europe was the
second largest market followed by Asia Pacific.
Increasing gas turbines demand coupled with growing power generation
sector in Europe is anticipated to complement the market growth over the
forecast period. Furthermore, growing automobiles market in Europe is
likely to boost the high performance market demand over the foreseeable
period. In Asia Pacific, growing energy demand coupled with rapid
industrialization is expected to fuel the market growth over the next
six years.
Competitive Insights
Increasing application scope of high performance alloys in various
end-use industries including automotive, gas turbines, aerospace and
niche application like chemical and medical sector is anticipated to
open opportunities for new entrants as well as existing market players.
Key players in this market include Carpenter Technology Corporation,
Allegheny Technologies Inc, Aperam S.A. and RTI international metals.
Table of Contents
Chapter 1 Executive Summary
1.1 High Performance Alloys - Industry Summary & Critical Success Factors (CSFs)
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 High Performance Alloys Value Chain Analysis
2.4 High Performance Alloys Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 High Performance Alloys - Company Market Share Analysis, 2013
2.8 High Performance Alloys - PESTEL Analysis
Chapter 3 High Performance Alloys Product Outlook
3.1 Global high performance alloys market share by product, 2013 & 2020
3.2 Non-ferrous Alloys
3.3 Platinum Group Alloys
3.4 Refractory Alloys
3.5 Superalloys
4.1 Global high performance alloys market share by application, 2013 & 2020
4.2 Aerospace
4.3 Automotives
4 .4 Industrial gas turbines
4.5 Industrial
4.6 Oil & gas
4.7 Electronics
4.8 Others
Browse All Advanced Interior Materials Industry Research Related Reports @http://www.hexaresearch.com/research-category/automotive-and-aerospace-interior-parts-and-materials-industry/Chapter 5 High Performance Alloys Regional Outlook
5.1 Global high performance alloys market share by region, 2013 & 2020
5.2 North America
5.3 Europe
5.4 Asia Pacific
5.5 RoW
Chapter 6 Competitive Landscape
6.1 ThyssenKrupp AG
6.2 Allegheny Technologies Limited
6.3 Carpenter Technology Corporation
6.4 Aperam S.A.
6.5 Haynes International, Inc.
6.6 Outokumpu Oyj
6.7 Verkhnesaldinskoye Metallurgicheskoe Proizvodstvennoe Obyedinenie
6.8 RTI International Metals Inc
7.1 Research Methodology
7.2 Research Scope & Assumptions
7.3 List of Data Sources
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