Corrosion Resistant Alloys Market Analysis, By Type (Iron-based, Nickel-based, Cobalt-based), By End-use (Oil & Gas, Transportation, Aerospace & Defense, Industrial), By Region, And Segment Forecasts, 2014 - 2025

  • ID: 4429678
  • Report
  • 65 pages
  • Grand View Research
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The global corrosion resistant alloys market is expected to be valued at USD 9.64 billion by 2025, according to a new report. Continuous technological advancements in the corrosion resistant alloys to accommodate the needs of various end-use markets have been key factors fueling the global market growth. The growing aerospace and automotive industries across the world are also anticipated to propel product demand over the forecast period.

Corrosion resistant alloy is a combination of various metal materials, which provide long-term corrosion resistance to components that are exposed to harsh environmental conditions. Chromium, cobalt, nickel, iron, titanium, and molybdenum are combined in varying proportions depending on the end-user industry. These metals can promote higher temperature and corrosion resistance in comparison to others such as carbon steel. They offer reliable protection to components in various industries including health, energy, pharmaceuticals, gas, oil, and chemical processing.

Utility metals are prone to corrosion. Corrosion resistant alloys are extensively used in various industries where the working conditions necessitate their use. The environmental settings and material compositions vary as per the configuration of major equipment in end-use industries in terms of temperature and corrosive condition.

Several factors contribute to corrosion in power generation plants that comprise water steam systems in their tubing. Components in coal-fired power plants, wind turbines, and nuclear & diesel generators are composed of strong and high-temperature-resistant materials. Nickel alloys are extensively used in power generation applications such as gas turbine components, scrubbers, heat exchangers, industrial furnaces & accessories, and land-based gas turbines.

Further key findings from the report suggest:
  • Europe corrosion resistant alloys market was valued at USD 1.38 billion in 2016 and is expected to ascend at a CAGR of 6.5% from 2017 to 2025. Nickel-based alloys was the largest segment in 2016 and is anticipated to progress at a CAGR of 7.1%.
  • The global demand for cobalt-based alloys was valued at USD 377.8 million in 2016 and is anticipated to witness moderate growth over the next 8 years. The aerospace & defense segment in Canada was worth USD 215.4 million in 2016 and is projected to denote a CAGR of 7.5% from 2017 to 2025.
  • The Asia Pacific market is projected to experience staggering growth over the next eight years owing to growing R&D activities, which in turn is expected to positively impact the aerospace and automotive segments. Canada market is projected to ascend at a CAGR of 6.8% between 2017 and 2025.
  • Key players that dominate the global market include Corrosion Resistant Alloys, L.P.; Haynes International, Inc.; Nippon Steel & Sumitomo Metal Corp (NSSMC); Mitsubishi Materials Trading Corporation; Special Metals Corporation; and Hitachi Metals MMC Superalloy, Ltd.
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Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope & assumptions
1.3 List of data sources

Chapter 2 Executive Summary
2.1 Market summary

Chapter 3 Global Corrosion Resistant Alloys Market Variables, Trends, and Scope
3.1 Market segmentation and scope
3.2 Penetration and growth prospect mapping
3.3 Value chain analysis
3.3.1 Raw material analysis
3.3.1.1 Nickel
3.3.1.2 Iron
3.3.1.3 Chromium
3.3.1.4 Cobalt
3.3.1.5 Molybdenum
3.3.1.6 Titanium
3.4 Regulatory framework
3.4.1 Occupational Safety and Health Administration (OSHA)
3.4.2 The Toxic Substances Control Act (TSCA)
3.4.3 European Health and Environmental Regulation
3.4.4 International Organization for Standardization (ISO/TC 156)
3.4.5 Code of Federal Regulations
3.5 Corrosion resistant alloys market dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Increasing demand from end-use industries
3.5.1.2 Continuous advancement in the corrosion resistant alloy industry
3.5.2 Market restraint analysis
3.5.2.1 Volatile prices of raw materials and steel products
3.6 Corrosion resistant alloys market- Porter’s analysis
3.7 Corrosion resistant alloys market- PESTEL analysis

Chapter 4 Corrosion Resistant Alloys Market: Type Estimates & Trend Analysis
4.1 Type movement analysis & market share, 2016 & 2025
4.2 Iron-based alloys
4.2.1 Global iron-based corrosion resistant alloys market estimates and forecasts, 2014 - 2025 (USD Million)
4.2.2 Global iron-based corrosion resistant alloys market, by region, 2014 - 2025 (USD Million)
4.3 Nickel-based alloys
4.3.1 Global nickel-based corrosion resistant alloys market estimates and forecasts, 2014 - 2025 (USD Million)
4.3.2 Global nickel-based corrosion resistant alloys market, by region, 2014 - 2025 (USD Million)
4.4 Cobalt-based alloys
4.4.1 Global cobalt-based corrosion resistant alloys market estimates and forecasts, 2014 - 2025 (USD Million)
4.4.2 Global cobalt-based corrosion resistant alloys market, by region, 2014 - 2025 (USD Million)
4.5 Other alloys
4.5.1 Global other corrosion resistant alloys market estimates and forecasts, 2014 - 2025 (USD Million)
4.5.2 Global other corrosion resistant alloys market, by region, 2014 - 2025 (USD Million)

Chapter 5 Corrosion resistant alloys: End-use Estimates & Trend Analysis
5.1 End-use movement analysis & market share, 2016 & 2025
5.2 Oil & gas market
5.2.1 Global corrosion resistant alloys in oil & gas market, 2014 - 2025 (USD Million)
5.2.2 Global corrosion resistant alloys in oil & gas market, by region, 2014 - 2025 (USD Million)
5.3 Automotive & transportation
5.3.1 Global corrosion resistant alloys in automotive & transportation market, 2014 - 2025 (USD Million)
5.3.2 Global corrosion resistant alloys in automotive & transportation market, by region, 2014 - 2025 (USD Million)
5.4 Aerospace & defense
5.4.1 Global corrosion resistant alloys in aerospace & defense market, 2014 - 2025 (USD Million)
5.4.2 Global corrosion resistant alloys in aerospace & defense market, by region, 2014 - 2025 (USD Million)
5.5 Energy & power
5.5.1 Global corrosion resistant alloys in energy & power market, 2014 - 2025 (USD Million)
5.5.2 Global corrosion resistant alloys in energy & power market, by region, 2014 - 2025 (USD Million)
5.6 Industrial
5.6.1 Global corrosion resistant alloys in industrial market, 2014 - 2025 (USD Million)
5.6.2 Global corrosion resistant alloys in industrial market, by region, 2014 - 2025 (USD Million)
5.7 Others
5.7.1 Global corrosion resistant alloys in others market, 2014 - 2025 (USD Million)
5.7.2 Global corrosion resistant alloys in others market, by region, 2014 - 2025 (USD Million)

Chapter 6 Corrosion Resistant Alloys Market: Regional Estimates & Trend Analysis
6.1 Regional movement analysis & market share, 2016 and 2025
6.1.1 Global corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.1.2 Global corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.2 North America
6.2.1 North America corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.2.2 North America corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.2.3 North America corrosion resistant alloys, by end-use, 2014 - 2025 (USD Million)
6.2.4 U.S.
6.2.4.1 U.S. corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.2.4.2 U.S. corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.2.4.3 U.S. corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.2.5 Canada
6.2.5.1 Canada corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.2.5.2 Canada corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.2.5.3 Canada corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.2.6 Mexico
6.2.6.1 Mexico corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.2.6.2 Mexico corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.2.6.3 Mexico corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.3 Europe
6.3.1 Europe corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.3.2 Europe corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.3.3 Europe corrosion resistant alloys, by end-use, 2014 - 2025 (USD Million)
6.3.4 Germany
6.3.4.1 Germany corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.3.4.2 Germany corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.3.4.3 Germany corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.3.5 The UK
6.3.5.1 The UK corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.3.5.2 The UK corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.3.5.3 The UK corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.3.6 Russia
6.3.6.1 Russia corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.3.6.2 Russia corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.3.6.3 Russia corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.4.2 Asia Pacific corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.4.3 Asia Pacific corrosion resistant alloys, by end-use, 2014 - 2025 (USD Million)
6.4.4 China
6.4.4.1 China corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.4.4.2 China corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.4.4.3 China corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.4.5 India
6.4.5.1 India corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.4.5.2 India corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.4.5.3 India corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.4.6 Japan
6.4.6.1 Japan corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.4.6.2 Japan corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.4.6.3 Japan corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.5 Central & South America
6.5.1 Central & South America corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.5.2 Central & South America corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.5.3 Central & South America corrosion resistant alloys, by end-use, 2014 - 2025 (USD Million)
6.5.4 Brazil
6.5.4.1 Brazil corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.5.4.2 Brazil corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.5.4.3 Brazil corrosion resistant alloys market, by end-use, 2014 - 2025 (USD Million)
6.6 Middle East & Africa
6.6.1 Middle East & Africa corrosion resistant alloys market, 2014 - 2025 (USD Million)
6.6.2 Middle East & Africa corrosion resistant alloys market, by type, 2014 - 2025 (USD Million)
6.6.3 Middle East & Africa corrosion resistant alloys, by end-use, 2014 - 2025 (USD Million)

Chapter 7 Competitive Landscape
7.1 Vendor landscape
7.2 Competitive environment
7.3 Company market positioning
7.4 Strategic framework
7.5 List of Key Market Players

Chapter 8 Company Profiles
8.1 Nippon Steel & Sumitomo Metal Corporation (NSSMC)
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 Haynes International, Inc.
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 Carpenter Technology Corporation
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Eramet
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Advanced Metallurgical Group N.V.
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 Nippon Yakin Kogyo Co., Ltd.
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7 Corrosion Resistant Alloys, L.P.
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.7.4 Strategic Initiatives
8.8 VDM Metals
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.9 Hitachi Metals MMC Superalloy, Ltd.
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Special Metals Corporation
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives

List of Tables

Table 1 Global iron-based corrosion resistant alloys market estimates and forecasts, 2014 - 2025 (USD Million)
Table 2 Global iron-based corrosion resistant alloys market, by region, 2014 - 2025 (USD Million)
Table 3 Global nickel-based corrosion resistant alloys market estimates and forecasts, 2014 - 2025 (USD Million)
Table 4 Global nickel-based corrosion resistant alloys market, by region, 2014 - 2025 (USD Million)
Table 5 Global cobalt-based corrosion resistant alloys market estimates and forecasts, 2014 - 2025 (USD Million)
Table 6 Global cobalt-based corrosion resistant alloys market, by region, 2014 - 2025 (USD Million)
Table 7 Global other corrosion resistant alloys market estimates and forecasts, 2014 - 2025 (USD Million)
Table 8 Global other corrosion resistant alloys market, by region, 2014 - 2025 (USD Million)
Table 9 Global corrosion resistant alloys in oil & gas market, 2014 - 2025 (USD Million)
Table 10 Global corrosion resistant alloys in oil & gas market, by region, 2014 - 2025 (USD Million)
Table 11 Global corrosion resistant alloys in automotive & transportation market, 2014 - 2025 (USD Million)
Table 12 Global corrosion resistant alloys in automotive & transportation market, by region, 2014 - 2025 (USD Million)
Table 13 Global corrosion resistant alloys in aerospace & defense market, 2014 - 2025 (USD Million)
Table 14 Global corrosion resistant alloys in aerospace & defense market, by region, 2014 - 2025 (USD Million)
Table 15 Global corrosion resistant alloys in energy & power market, 2014 - 2025 (USD Million)
Table 16 Global corrosion resistant alloys in energy & power market, by region, 2014 - 2025 (USD Million)
Table 17 Global corrosion resistant alloys in industrial market, 2014 - 2025 (USD Million)
Table 18 Global corrosion resistant alloys in industrial market, by region, 2014 - 2025 (USD Million)
Table 19 Global corrosion resistant alloys in others market, 2014 - 2025 (USD Million)
Table 20 Global corrosion resistant alloys in others market, by region, 2014 - 2025 (USD Million)
Table 21 Global corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 22 Global corrosion resistant alloys market, by region, 2014 - 2025 (USD Million)
Table 23 North America corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 24 North America corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 25 North America corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 26 U.S. corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 27 U.S. corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 28 U.S. corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 29 Canada corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 30 Canada corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 31 Canada corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 32 Mexico corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 33 Mexico corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 34 Mexico corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 35 Europe corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 36 Europe corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 37 Europe corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 38 Germany corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 39 Germany corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 40 Germany corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 41 The UK corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 42 The UK corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 43 The UK corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 44 Russia corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 45 Russia corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 46 Russia corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 47 Asia Pacific corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 48 Asia Pacific corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 49 Asia Pacific corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 50 China corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 51 China corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 52 China corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 53 India corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 54 India corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 55 India corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 56 Japan corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 57 Japan corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 58 Japan corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 59 Central & South America corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 60 Central & South America corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 61 Central & South America corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 62 Brazil corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 63 Brazil corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 64 Brazil corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)
Table 65 Middle East & Africa corrosion resistant alloys market, 2014 - 2025 (USD Million)
Table 66 Middle East & Africa corrosion resistant alloys market, by type, 2014 - 2025 (USD million)
Table 67 Middle East & Africa corrosion resistant alloys market, by end-use, 2014 - 2025 (USD million)

List of Figures

FIG. 1 Market summary
FIG. 2 Key market opportunity penetration & growth prospect mapping
FIG. 3 Corrosion resistant alloys value chain analysis
FIG. 4 Corrosion resistant alloys market dynamics
FIG. 5 Upstream oil industry capital expenditures worldwide from 2010 to 2017 (USD Billion)
FIG. 6 Canada’s capital spending, percentage change year over year (oil & gas extraction)
FIG. 7 Nickel prices 2012-2017 (USD/lb)
FIG. 8 Chromium prices 2012-2017 (USD/kg)
FIG. 9 Molybdenum prices 2012-2017 (USD/lb)
FIG. 10 Iron ore fines prices 2012-2017 (USD/t)
FIG. 11 Cobalt prices 2012-2017 (USD/lb)
FIG. 12 Corrosion resistant alloys market- Porter’s analysis
FIG. 13 Corrosion resistant alloys market- PESTEL analysis
FIG. 14 Corrosion resistant alloys market: Type movement analysis, 2016 and 2025
FIG. 15 Corrosion resistant alloys, by end-use: Key takeaways
FIG. 16 Corrosion resistant alloys: End-use movement analysis, 2016 and 2025
FIG. 17 Regional market: Key takeaways
FIG. 18 Regional outlook, 2016 & 2025 (USD Million)
FIG. 19 Strategy mapping of key market players
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  • Nippon Steel & Sumitomo Metal Corporation (NSSMC)
  • Haynes International, Inc.
  • Carpenter Technology Corporation
  • Eramet
  • Advanced Metallurgical Group N.V.
  • Nippon Yakin Kogyo Co., Ltd.
  • Corrosion Resistant Alloys, L.P.
  • VDM Metals
  • Hitachi Metals MMC Superalloy, Ltd.
  • Special Metals Corporation
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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