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)
Special Metals Corporation
Nippon Yakin Kogyo
Danyang City Kaixin Alloy Material Co. Ltd.
Supreme Special Steel Pvt. Ltd.
TI Steel Private Ltd.
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
Commercial & cargo
Industrial Gas Turbine
Oil & Gas
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Other major players in the industry include the following:
Fushun Special Steel
Changcheng Special Steel
Mattco Forge Inc.
United Performance Metals
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
220.127.116.11. Increase in demand from power industries
18.104.22.168. Growth in production of aircrafts
22.214.171.124. High cost of base alloys
126.96.36.199. Increasing demand in emerging economies
CHAPTER 4: SUPERALLOYS MARKET, BY BASE MATERIAL
4.1.1. Market size and forecast
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
CHAPTER 5: SUPERALLOYS MARKET, BY APPLICATION
5.1.1. Market size and forecast
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
5.4.1. 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
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast
CHAPTER 6: SUPERALLOYS MARKET, BY REGION
6.1.1. 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
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
18.104.22.168. Market size and forecast
22.214.171.124.1. By base material
126.96.36.199.2. By application
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
18.104.22.168. Market size and forecast
22.214.171.124.1. By base material
126.96.36.199.2. By application
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
18.104.22.168. Market size and forecast
22.214.171.124.1. By base material
126.96.36.199.2. By application
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
18.104.22.168. Market size and forecast
22.214.171.124.1. By base material
126.96.36.199.2. By application
6.3.8. Rest of Europe
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
18.104.22.168. Market size and forecast
22.214.171.124.1. By base material
126.96.36.199.2. By application
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
18.104.22.168. Overview: Forging industry in India
22.214.171.124. Nickel-based superalloys
126.96.36.199.2. Foreign trade
188.8.131.52. Iron-based superalloys
184.108.40.206. Cobalt-based superalloys
220.127.116.11.2. Foreign trade
18.104.22.168. Market size and forecast
22.214.171.124.1. By base material
126.96.36.199.2. By application
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
18.104.22.168. Market size and forecast
22.214.171.124.1. By base material
126.96.36.199.2. By application
6.4.8. Rest of Asia-Pacific
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
18.104.22.168. Market size and forecast
22.214.171.124.1. By base material
126.96.36.199.2. By application
6.5.4. South Africa
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
6.5.5. Saudi Arabia
18.104.22.168. Market size and forecast
22.214.171.124.1. By base material
126.96.36.199.2. By application
6.5.6. Rest of LAMEA
188.8.131.52. Market size and forecast
184.108.40.206.1. By base material
220.127.116.11.2. By application
CHAPTER 7: COMPANY PROFILES
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
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.