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High Performance Alloys - Global Strategic Business Report

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    Report

  • 580 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 347935

Global High Performance Alloys Market to Reach $11.3 Billion by 2030

The global market for High Performance Alloys estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$11.3 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Non-Ferrous Metal, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$6 Billion by the end of the analysis period. Growth in the Super Alloys segment is estimated at 4.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 5.8% CAGR

The High Performance Alloys market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Select Competitors (Total 126 Featured)

  • Allegheny Technologies Incorporated
  • AMG Advanced Metallurgical Group N.V.
  • Aperam SA
  • Carpenter Technology Corporation
  • Constellium SE
  • Doncasters Group Limited
  • ERAMET S.A.
  • Fort Wayne Metals Research Products, LLC
  • Glencore Plc
  • H.C. Starck GmbH
  • Haynes International, Inc.
  • High Performance Alloys, Inc.
  • Howmet Aerospace Inc.
  • Metallurgical Plant Electrostal, JSC
  • Nippon Yakin Kogyo Co., Ltd.
  • Precision Castparts Corp.
  • Proterial, Ltd.
  • Sandvik AB
  • Special Metals Corporation
  • TimkenSteel Corporation
  • Universal Stainless & Alloys Inc.
  • VDM Metals GmbH
  • VSMPO-AVISMA Corporation

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the High Performance Alloys Market

What is the estimated value of the High Performance Alloys Market?

The High Performance Alloys Market was estimated to be valued at $8 Billion in 2022.

What is the growth rate of the High Performance Alloys Market?

The growth rate of the High Performance Alloys Market is 4.4%, with an estimated value of $11.3 Billion by 2030.

What is the forecasted size of the High Performance Alloys Market?

The High Performance Alloys Market is estimated to be worth $11.3 Billion by 2030.

Who are the key companies in the High Performance Alloys Market?

Key companies in the High Performance Alloys Market include Allegheny Technologies Incorporated, AMG Advanced Metallurgical Group N.V., Aperam SA, Carpenter Technology Corporation, Constellium SE, Doncasters Group Limited, ERAMET S.A., Fort Wayne Metals Research Products, LLC, Glencore Plc and H.C. Starck GmbH.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Focus on Developing & Embracing New Materials Provides the Foundation for the Growth of High Performance Alloys
  • Growing R&D Spending on New Material Development & Innovation Provides a Platform for Expanding Use of High Performance Alloys: Global R&D Spending on Advanced Materials and Chemicals (In US$ Billion) for Years 2023, 2025, 2027 and 2029
  • Alloying is the Basis of Innovation in Metals Engineering
  • Here’s Why High Performance Alloys (HPAs) are the Advanced Materials of Choice
  • Global Economic Update
  • Although Declining for the First Time Since the Russia-Ukraine War, Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn Will Take Inflation Longer Than Expected to Fall: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Anti-Inflation Fiscal Policies & Slower Than Desirable Easing of Inflationary Pressures: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • Competition
  • High Performance Alloys - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • High Performance Alloys: Types, Applications & Emerging Market Directions
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • HPA Prices to Soften in 2023 as Global Metal Commodity Supplies Improve
  • Declining Metal Prices to Result in Parallel Easing in HPA Pricing: Global Base Metal Prices (In US$ Per Dry Metric (DMTU) for Years 2019 Through 2024
  • Rise of Lightweighting as a Part of the Long-Term Manufacturing Strategy to Benefit HPA Demand
  • HPAs Find Expanded Opportunity in the Robustly Growing Lightweight Materials Market: Global Market for Lightweight Materials (In US$ Billion) for Years 2023, 2025, 2027, 2029, and 2031
  • Encouraging Outlook for Automobile Production Despite Disruptions, Bodes Well for Growth of Automotive Alloys in 2023
  • Encouraging Recovery in Automobile Production, Notwithstanding the Many Challenges, Brightens Market Prospects for Automotive Alloys: Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025
  • Expanding Industrial Applications for Titanium Based Alloys Bodes Well for Growth
  • Global Titanium Market by End-use Sector (2023): Percentage Breakdown of Volume Consumption for Aerospace& Defense, Industrial, and Others
  • Here’s Why Nickel Alloys Hold Stronger Potential for Long-Term Growth
  • High Entropy Alloys (HEAs), Nanocrystalline Alloys & Al-Li Alloys Hit the Spotlight
  • Robust Demand for Medical Devices Spurs Parallel Opportunities for HPAs in Medical Devices Manufacturing
  • Robust Outlook for Medical Devices Expands the Addressable Market Opportunity for HPAs in Medical Device Manufacturing: Global Market for Medical Devices (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
  • Newer Applications to Drive Gains Over the Long-Term
  • Investments in Upgrading Creaking Energy Infrastructure to Drive Demand for HPAs in Industrial Gas Turbines (IGT)
  • AI Enables Faster & More Efficient Development of Alloys. Here’s How
  • Opportunities Abound in the Oil & Gas Industry
  • Rising Energy Demand to Benefit HPAs in the Oil & Gas End-Use Application Sector: Global Energy Consumption (In Exajoule) for Years 2025, 2030, 2035, 2040, 2045 and 2050
  • As Oil & Gas Investment Needs Rise, the Increase in Upstream Capital Spending by Global Oil Producers to Benefit All in the Value Chain Including HPA Solutions: Global Upstream CAPEX by Oil Producers (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
  • Shape Memory Alloys Show Immense Promise for Robust Growth
  • Recent Progress & Perspectives on Additive Manufacturing/3D Printing of Alloys
  • In Focus- Titanium-Aluminides Alloys
  • Innovation in High Performance Alloys Remains Crucial for Sustained Growth
  • CNC Machining Services for Alloys Grows in Prominence
  • Sustainability Takes Center Stage
  • As Emissions Continue to Rise, the Pressure to Implement Green Alloy Strategies & Move Towards a Circular Economy Gets Stronger: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2021, 2022 & 2023
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World High Performance Alloys Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for High Performance Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for High Performance Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for High Performance Alloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Non-Ferrous Metal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Non-Ferrous Metal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Non-Ferrous Metal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Super Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Super Alloys by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Super Alloys by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Refractory by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Refractory by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Refractory by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Platinum Group by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Platinum Group by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Platinum Group by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Wrought Alloy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Wrought Alloy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Wrought Alloy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Cast Alloy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Cast Alloy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Cast Alloy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Aerospace by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Aerospace by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Industrial Gas Turbine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Industrial Gas Turbine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Industrial Gas Turbine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 31: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 32: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 33: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 34: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • TABLE 35: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 36: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 37: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • High Performance Alloys Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • High Performance Alloys Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • High Performance Alloys Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • LATIN AMERICA
  • REST OF WORLD
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Allegheny Technologies Incorporated
  • AMG Advanced Metallurgical Group N.V.
  • Aperam SA
  • Carpenter Technology Corporation
  • Constellium SE
  • Doncasters Group Limited
  • ERAMET S.A.
  • Fort Wayne Metals Research Products, LLC
  • Glencore Plc
  • H.C. Starck GmbH
  • Haynes International, Inc.
  • High Performance Alloys, Inc.
  • Howmet Aerospace Inc.
  • Metallurgical Plant Electrostal, JSC
  • Nippon Yakin Kogyo Co., Ltd.
  • Precision Castparts Corp.
  • Proterial, Ltd.
  • Sandvik AB
  • Special Metals Corporation
  • TimkenSteel Corporation
  • Universal Stainless & Alloys Inc.
  • VDM Metals GmbH
  • VSMPO-AVISMA Corporation