There were 332 press releases posted in the last 24 hours and 153,669 in the last 365 days.

High-Performance Alloys Market To Reach USD 12.23 Billion By 2026 | Reports And Data

The demand for lightweight materials from the automotive and aerospace industries will be a major factor in influencing market growth.

Market Size – USD 9.37 Billion in 2018, Market Growth - CAGR of 3.3%, Market Trends – Low cost of raw materials.

NEW YORK, April 16, 2019 (GLOBE NEWSWIRE) -- The global high-performance alloys market is expected to reach USD 12.23 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing demand for lightweight materials from the automotive and aerospace industries, due to the factor that usage of alloysm increases the fuel efficiency of aircraft and automobiles.

Request free sample copy of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1277

The aerospace industry is the largest end-user industry of high-performance alloys, generating 39% of the global revenue in the year 2018. Technology advancements and innovations in the market, coupled with the rising competition, has led to utilization of high-performance alloys in various sectors, thereby reducing the production cost.

The initial expenses regarding the manufacturing of high-performance alloys will be a hindrance to the growth of the market.

Further key findings from the report suggest

  • The market is segmented on the basis of product type into non-ferrous alloys, platinum group alloys, refractory metal alloys, and super-alloys.
  • Non-ferrous alloys dominated the market in 2018 and are forecasted to witness a CAGR of 1.8% during the forecast period, owing to their increased usage in electrical & electronics as well as in the automotive industry.
  • Moreover, non-ferrous alloys are lightweight, have lower material cost as well as better recycling ability, which also fuels the growth of the segment.
  • The market is segmented on the basis of metal type into titanium, aluminum, magnesium, and others.

To identify the key trends in the industry, click on the link below:   https://www.reportsanddata.com/report-detail/high-performance-alloys-market

  • Titanium metal accounted for the largest market share of ~45% 2018 and is forecasted to have a CAGR of 2.5% during the forecast period.
  • Titanium is used extensively for the production of turbine blades, aircraft engines, and nuclear reactors, owing to its high tensile strength, toughness, and lightweight.
  • The market is segmented on the basis of alloy type into wrought and cast.
  • Wrought alloy accounted for the largest share of 55% of the market in 2018.
  • The market is segmented on the basis of industry verticals into aerospace, automotive, industrial gas turbines, oil & gas, electrical & electronics (E&E) and others.
  • Aerospace accounted for the largest market share of ~39% in 2018 and is forecasted to have a CAGR of 1.8% during the forecast period, closely followed by the automotive industry.
  • The demand for lightweight aircraft for commercial and military application will drive the market in the aerospace industry sector.
  • The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Latin America, and MEA.
  • North America accounted for ~31% of the market share in 2018, due to the high consumption of these alloys by the aerospace and oil & gas industries.
  • Europe accounted for over ~26% of market share in 2018. The European market growth is fuelled by a mature automotive sector.
  • Key participants include ATI, Alcoa, Special Metals, Haynes, Aperam, VSMPO-AVISMA, Beijing CISRI-GAONA Materials & Technology, Baosteel, CDM, Carpenter Technology, Fushun Special Steel Shares, Danyang Kaixin Alloy Materials, Kobe Steel, Hangzhou King Titanium, and Jiangsu Well Titanium, among others.
  • The companies have adopted various strategies including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.

Order Now:  https://www.reportsanddata.com/checkout-form/1277

For the purpose of this report, Reports and Data have segmented global high-performance alloys market on the basis of product type, metal type, alloy type, industry vertical, and region:

Product type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)

  • Non-Ferrous Alloys
  • Platinum Group Alloys
  • Refractory Metal Alloys
  • Super alloys

Metal type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)

  • Titanium
  • Aluminum
  • Magnesium
  • Others

Alloy type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)

  • Wrought
  • Cast

Industry verticals Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)

  • Aerospace
  • Automotive
  • Industrial Gas Turbines
  • Oil & Gas
  • Electrical & Electronics (E&E)
  • Others

Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • South-east Asia
  • Latin America
    • Brazil
  • MEA

Browse more reports of Materials and Chemicals category at:  https://www.reportsanddata.com/report/category/materials-and-chemicals

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John Watson

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-800-819-3052

E-mail: sales@reportsanddata.com


/EIN News/ -- RND logo.PNG


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.