thermal creep deformation, good surface stability, and resistance to corrosion or oxidation. The crystal structure is typically face-centered cubic austenitic.
Owing to these attributes, superalloys are widely adopted in gas turbine, oil & gas equipment, aerospace, and others, thus fueling the market growth. The base alloying element used for superalloys are nickel, cobalt, and iron. These alloys facilitate improved operating efficiency and reduce environmental emissions. Presently, there is an increased usage of superalloys owing to the increase in need for high-strength materials that can withstand high temperature and resist creeping in aerospace and aircraft applications. The growth of the market is further driven by increase in adoption of superalloys in aerospace and power industries. However, high cost of these alloying metals is expected to hamper the growth of the market.
EMEA accounted for 31% of the market share during 2017 and is predicted to retain its leadership until the end of 2023. The increased demand from the automotive and aircraft sector in this region is the key driver for the growth of the market. Germany, France, the UK, Italy, Spain, Sweden are the market leaders in this region contributing to the demand for super alloys.
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The global Superalloys market is valued at 4080 million US$ in 2018 is expected to reach 7940 million US$ by the end of 2025, growing at a CAGR of 8.7% during 2019-2025.
This report focuses on Superalloys volume and value at global level, regional level and company level. From a global perspective, this report represents overall Superalloys market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Superalloys Market report are Aubert & Duva, Precision Castparts Corp, Vsmpo-Avisma, Advanced Metallurgical Group, Superalloy Industrial Company, Doncasters and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 Superalloys Market Overview
2 Global Superalloys Market Competition by Manufacturers
3 Global Superalloys Production Market Share by Regions
4 Global Superalloys Consumption by Regions
5 Global Superalloys Production, Revenue, Price Trend by Type
6 Global Superalloys Market Analysis by Applications
7 Company Profiles and Key Figures in Superalloys Business
8 Superalloys Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Superalloys Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source