Superalloys Market by Base Material and Application - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4580625
  • Report
  • Region: Global
  • 302 pages
  • Allied Analytics LLP
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The global superalloys market was valued at $4,158 million in 2016, and is projected to reach $7,677 million by 2023, growing at a CAGR of 8.9% from 2017 to 2023. Superalloys are also referred to as high-temperature alloys, as they maintain their strength and toughness at elevated temperature. These alloys possess properties such as high mechanical strength, creep resistance, significant surface stability, and corrosion & oxidation resistance at high temperature. They are used in range of applications such as petrochemical processing, power plants, and oil & gas industries. They are majorly applicable in commercial & military jet engines, auxiliary power units, power turbines, defense systems, locomotive engines, and others.

In 2016, North America and Europe were the leading regions, in terms of both value and volume, owing the rise in utilization of aircrafts and significant growth in aerospace industry. Superalloys facilitate improved operating efficiency and reduced environmental emissions that, which lead to increase in use of these alloys in gas turbines and oil & gas equipment. The market is driven by the rise in need for high strength materials in aerospace and oil & gas industries that can withstand high temperature and resist creeping.

The superalloys market is segmented based on base material, application, and geography. On the basis of base material, the market is divided nickel-based, cobalt-based, and iron-based superalloys. Applications covered in the study include aerospace, industrial gas turbine, automotive, oil & gas, industrial, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On June 17, 2015, Allegheny Technologies Incorporated expanded its nickel-based superalloy’s manufacturing capacity to cater to the growing demands from aerospace jet engine and oil & gas markets. The company has invested around $70 million for this expansion which helped the company to strengthen its position in the global market.

Major market players are as follows:

Allegheny Technologies Incorporated (ATI)
Haynes International
Special Metals Corporation
Aperam
Carpenter Technology
AMG Superalloys
Doncasters
Nippon Yakin Kogyo
Universal Stainless
Danyang City Kaixin Alloy Material Co. Ltd.
Supreme Special Steel Pvt. Ltd.
TI Steel Private Ltd.
AcmeCast
Balaji Superalloys

KEY MARKET BENEFITS

This report provides an extensive analysis of the current & emerging market trends and dynamics of the global superalloys market.
In-depth analysis of all regions is conducted by constructing market estimations for key segments between 2017 and 2023, which assist to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
Extensive analysis is conducted by following key player positioning and monitoring the top competitors within the market framework.

KEY MARKET SEGMENTS

By Base Material

Nickel-Based
Iron-Based
Cobalt-Based

By Application

Aerospace
Commercial & cargo
Business
Military
Rotary
Industrial Gas Turbine
Electrical
Mechanical
Automotive
Oil & Gas
Industrial
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA

Other major players in the industry include the following:

Arconic
Fushun Special Steel
VDM Metals
VSMPO-AVISMA
CISRI Gaona
Changcheng Special Steel
IMET Alloys
Mattco Forge Inc.
United Performance Metals
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CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.3. Top winning strategies, by year, 2016-2017
3.2.4. Top winning strategies, by development, 2016-2017 (%)
3.2.5. Top winning strategies, by company, 2016-2017
3.3. MARKET PLAYER POSITIONING, 2016
3.4. PATENT ANALYSIS
3.4.1. Patent publication by year
3.4.2. Patent publication by company
3.4.3. Patent publication by region
3.5. PORTER'S FIVE FORCE ANALYSIS
3.6. MARKET DYNAMICS
3.6.1. Drivers
3.6.1.1. Increase in demand from power industries
3.6.1.2. Growth in production of aircrafts
3.6.2. Restraints
3.6.2.1. High cost of base alloys
3.6.3. Opportunities
3.6.3.1. Increasing demand in emerging economies

CHAPTER 4: SUPERALLOYS MARKET, BY BASE MATERIAL
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. NICKEL-BASED
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. IRON-BASED
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4. COBALT-BASED
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

CHAPTER 5: SUPERALLOYS MARKET, BY APPLICATION
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. AEROSPACE
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. INDUSTRIAL GAS TURBINE
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.4. AUTOMOTIVE
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.5. OIL & GAS
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.6. INDUSTRIAL
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.7. OTHERS
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast

CHAPTER 6: SUPERALLOYS MARKET, BY REGION
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. NORTH AMERICA
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.2.3. U.S.
6.2.3.1. Market size and forecast
6.2.3.1.1. By base material
6.2.3.1.2. By application
6.2.4. Canada
6.2.4.1. Market size and forecast
6.2.4.1.1. By base material
6.2.4.1.2. By application
6.2.5. Mexico
6.2.5.1. Market size and forecast
6.2.5.1.1. By base material
6.2.5.1.2. By application
6.3. EUROPE
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.3.3. UK
6.3.3.1. Market size and forecast
6.3.3.1.1. By base material
6.3.3.1.2. By application
6.3.4. Germany
6.3.4.1. Market size and forecast
6.3.4.1.1. By base material
6.3.4.1.2. By application
6.3.5. France
6.3.5.1. Market size and forecast
6.3.5.1.1. By base material
6.3.5.1.2. By application
6.3.6. Spain
6.3.6.1. Market size and forecast
6.3.6.1.1. By base material
6.3.6.1.2. By application
6.3.7. Italy
6.3.7.1. Market size and forecast
6.3.7.1.1. By base material
6.3.7.1.2. By application
6.3.8. Rest of Europe
6.3.8.1. Market size and forecast
6.3.8.1.1. By base material
6.3.8.1.2. By application
6.4. ASIA-PACIFIC
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.4.3. China
6.4.3.1. Market size and forecast
6.4.3.1.1. By base material
6.4.3.1.2. By application
6.4.4. Japan
6.4.4.1. Market size and forecast
6.4.4.1.1. By base material
6.4.4.1.2. By application
6.4.5. India
6.4.5.1. Overview: Forging industry in India
6.4.5.2. Nickel-based superalloys
6.4.5.2.1. Resources
6.4.5.2.2. Foreign trade
6.4.5.3. Iron-based superalloys
6.4.5.4. Cobalt-based superalloys
6.4.5.4.1. Resources
6.4.5.4.2. Foreign trade
6.4.5.5. Market size and forecast
6.4.5.5.1. By base material
6.4.5.5.2. By application
6.4.6. Korea
6.4.6.1. Market size and forecast
6.4.6.1.1. By base material
6.4.6.1.2. By application
6.4.7. Australia
6.4.7.1. Market size and forecast
6.4.7.1.1. By base material
6.4.7.1.2. By application
6.4.8. Rest of Asia-Pacific
6.4.8.1. Market size and forecast
6.4.8.1.1. By base material
6.4.8.1.2. By application
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
6.5.3. Brazil
6.5.3.1. Market size and forecast
6.5.3.1.1. By base material
6.5.3.1.2. By application
6.5.4. South Africa
6.5.4.1. Market size and forecast
6.5.4.1.1. By base material
6.5.4.1.2. By application
6.5.5. Saudi Arabia
6.5.5.1. Market size and forecast
6.5.5.1.1. By base material
6.5.5.1.2. By application
6.5.6. Rest of LAMEA
6.5.6.1. Market size and forecast
6.5.6.1.1. By base material
6.5.6.1.2. By application

CHAPTER 7: COMPANY PROFILES
7.1. ACMECAST
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.2. AMG ADVANCED METALLURGICAL GROUP N.V.
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.2.5. Key strategic moves and developments
7.3. ALLEGHENY TECHNOLOGIES INCORPORATED
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.3.5. Key strategic moves and developments
7.4. APERAM S.A.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.5. BALAJI SUPER ALLOYS
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.6. CARPENTER TECHNOLOGY CORPORATION
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.7. DANYANG KAI XIN ALLOY MATERIAL CO. LTD.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.8. DONCASTERS GROUP LTD.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio
7.9. HAYNES INTERNATIONAL, INC.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segment
7.9.4. Business performance
7.9.5. Key strategic moves and developments
7.10. NIPPON YAKIN KOGYO CO., LTD.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Business performance
7.11. SPECIAL METALS CORPORATION
7.11.1. Company overview
7.11.2. Company snapshot
7.11.3. Operating business segment
7.12. SUPREME SPECIAL STEEL PVT. LTD.
7.12.1. Company overview
7.12.2. Company snapshot
7.12.3. Operating business segments
7.13. TI STEEL PRIVATE LTD.
7.13.1. Company overview
7.13.2. Company snapshot
7.13.3. Operating business segments
7.14. UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.
7.14.1. Company overview
7.14.2. Company snapshot
7.14.3. Operating business segments
7.14.4. Business performance
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According to a new report published Superalloys Market by Base Material and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global superalloys market was valued at $4,158 million in 2016, and is estimated to reach $7,677 million by 2023, growing at a CAGR of 8.9% from 2017 to 2023. In 2016, nickel-based segment held more than half share of the total market.

Superalloys are the group of alloys, which are alloyed particularly with nickel, cobalt, and iron along with other metals to enhance their corrosion resistance. These alloys are widely used in aerospace gas turbine engines, nuclear reactors, power generation turbines, petrochemical equipment, rocket engines, and others owing to their remarkable properties such as high mechanical strength, creep resistance at high temperature, significant surface stability, and corrosion, oxidation, & high-temperature, resistance.

The growth of the global superalloys market is driven by the increase in demand for these alloys in range of industries such as aerospace, oil & gas, automotive, and others. They are widely used in turbine engines, as the thermodynamics efficiency of turbine engines is increased with increasing turbine inlet temperature, which is expected to provide lucrative growth opportunity to the market players. However, high cost of these alloys is anticipated to hamper the market growth during the forecast period.

Nickel-based superalloys is the leading base material segment, as these superalloys possess high-temperature mechanical properties and oxidation resistance. These alloys are majorly used in hottest parts of gas turbines turbine blades, turbine discs, metal processing, and casting blades. Presently, these alloys constitute over 50% of the weight of advanced aircraft engines.

The aerospace application segment dominated the global market, with almost half of the total market share in 2016. In aerospace, alloys are used to develop gas turbine engines for defense aircraft, turbine blades, and jet engines.

Key findings of the Superalloys Market:

In 2016, North America dominated the global market, with around two-fifths share, in terms of revenue.
Cobalt-based superalloys segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 10.0% from 2017 to 2023.
Asia-Pacific is projected to grow at the highest CAGR of 9.4%, in terms of volume.
Automotive application segment is projected to grow at the highest CAGR of 10.2%, in terms of revenue.
In aerospace application, commercial aircraft segment dominated the market, comprising more than half of the total market share, in terms of revenue.

In 2016, North America dominated the global market owing to increase in utilization of aircrafts and significant growth in aerospace industry. Furthermore, in terms of value, Asia-Pacific is projected to witness the highest CAGR of 9.5%, followed by Europe, which is expected to register a CAGR of 9.0%.

The major companies profiled in the report include Allegheny Technologies Incorporated (ATI), Haynes International, Special Metals Corporation, Aperam, Carpenter Technology, AMG Superalloys, Doncasters, Nippon Yakin Kogyo, Universal Stainless, Danyang City Kaixin Alloy Material Co. Ltd., Supreme Special Steel Pvt. Ltd. TI Steel Private Ltd., AcmeCast, and Balaji Superalloys.
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