Global high
performance alloys market was valued at USD 6.82 billion in 2013 and
is anticipated to reach USD 9.09 billion by 2020, expanding at a CAGR
of 4.2% during the forecast period from 2014 to 2020. In terms of
volume, global high performance alloys market stood at 1,110.7 kilo
tons in 2013.
Browse the full High
Performance Alloys Market Report with TOC at
http://www.transparencymarketresearch.com/high-performance-alloys-market.html
High performance
alloys exhibit excellent mechanical strength and high resistance to
creep at high temperatures. About 60% of an aircraft is incorporated
with high performance alloys. Thus, increasing demand for high
performance alloys from the aerospace industry is estimated to boost
the high performance alloys market during the forecast period.
Furthermore, rising demand for gas turbines in power generation
applications is projected to drive demand for high performance
alloys, as gas turbines require materials that withstand elevated
temperatures. However, capital-intensive manufacturing of high
performance alloys may hamper the market in the next few years.
Furthermore, development of high strength and lightweight high
performance alloys may open up new avenues for market growth.
Non-ferrous alloys
including titanium and aluminum accounted for 51% of the total market
in 2013. Demand for non-ferrous alloys is likely to increase in the
next few years due to rising demand for titanium from the aerospace
industry. Growth in the aviation industry in emerging economies such
as India, China, Brazil, South Africa and Russia is expected to boost
demand for high performance alloys in these regions in the near
future.
Aerospace
application dominated the high performance alloys market, accounting
for over 54% share of the market in 2013. Rapid growth in the
aerospace industry is anticipated to significantly drive demand for
high performance alloys during the forecast period. Increasing demand
for power generation and oil & gas is also estimated to boost
demand for high performance alloys during the forecast period.
In terms of demand,
North America was the leading region in the high performance alloys
market in 2013. This was followed by Europe. North America and Europe
accounted for around 72% share of the total high performance alloys
market in 2013. Asia Pacific is likely to be the fastest growing
regional market in terms of demand during the forecast period.
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Key players in the
high performance alloys market include Allegheny Technologies Inc,
Aperam, Carpenter Technology Corporation, RTI Metals, and VSMPO. The
report segments the global high performance alloys market as:
High Performance
Alloys Market - Product Segment Analysis
Non-ferrous alloys
Platinum group metal
alloys
Refractory metal
alloys
Superalloys
High Performance
Alloys - Application Analysis
Aerospace
Industrial gas
turbines
Industrial
Automotives
Oil & gas
Electronics &
electrical
Others (Medical,
chemical, etc)
Browse the full High
Performance Alloys Market Report with TOC at
http://www.transparencymarketresearch.com/high-performance-alloys-market.html
High Performance
Alloys - Regional Analysis
North America
Europe
Asia Pacific
Rest of the World
(RoW)
Browse All Metals
and Minerals Market Research Reports @
http://www.transparencymarketresearch.com/metals-and-minerals-market-reports-20.html
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