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Global High Performance Alloys Market Share, Size, Analysis, Forecast: By Product Type: Non-Ferrous Metal, Platinum Group Metals, Refractory, Super Alloys; By Material: Aluminium, Titanium, Magnesium, Others; By Application: Aerospace, Industrial Gas Turbine, Industrial, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global High Performance Alloys Market Outlook
The global high performance alloys market size is estimated to grow at a CAGR of 4.50% in the forecast period of 2024-2032.
Rising Demand for Non-Ferrous Metal Alloys to Propel the Market Growth of High Performance Alloys
Based on product type, the demand for non-ferrous metal alloys is witnessing a considerable growth. Non-ferrous metal alloys are increasingly used in various applications where ferrous alloys are unsuitable, such as in corrosive or elevated temperature environments. The growing availability of different non-ferrous metal alloys, such as aluminium, copper, high-nickel alloys, titanium alloys, and zirconium, is accelerating the high performance alloys market development.
Copper alloys, also known as bronze, are extensively used in the expanding automotive sector due to their unique colour and their ability to resist corrosion. Non-ferrous metal alloys offer multiple advantages over ferrous metal alloys and are lightweight, easy to fabricate, malleable, and softer. Moreover, the abundance of aluminium, a non-ferrous metal and its unique characteristics like excellent conductivity, is surging its application in the electrical sectors.
The Asia Pacific Region Holds a Substantial Share of the High Performance Alloys Market
The rapid industrialisation in the Asia Pacific region is significantly bolstering the demand for high performance alloys in various end-use sectors. The expanding production of automobiles in the region is also surging the use of lightweight high performance alloys offering enhanced strength and heat conduction to improve the appearance of wheels.
Market Segmentation
High performance alloys are a combination of different metals that exhibit several exceptional characteristics and are used in severe environments. They offer excellent mechanical strength, enhanced chemical stability, and resistance to heat, corrosion, and oxidation, among other beneficial properties. High performance alloys are used in various end-use sectors, such as aerospace, automobiles, and oil and gas, among others.
The high performance alloys market by product type is divided into:
- Non-Ferrous Metal
- Platinum Group Metals
- Refractory
- Super Alloys
Based on material, the market is classified into:
- Aluminium
- Titanium
- Magnesium
- Others
On the basis of application, the market is segmented into:
- Aerospace
- Industrial
- Automotive
- Oil and Gas
- Electrical and Electronics
- Others
The regional markets for high performance alloys can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand from Major End Use Sectors to Drive the High Performance Alloys Market Growth
The growing utilisation of high performance alloys in various end-use sectors, primarily the aerospace sector, is contributing to market expansion. The expanding aerospace sector requires lightweight high-strength alloys such as aluminium, titanium, and magnesium for the efficient performance of turbine blades that operate at high temperatures.
The rising demand for lightweight automobiles owing to improved living standards is bolstering the utilisation of advanced high performance alloys in vehicles for weight reduction. There is a rising inclination towards magnesium-based alloys as it is the lightest structural material and offers many possibilities for weight reduction of vehicle components. As lightweight vehicles decrease fuel consumption and reduce carbon emissions, their wide adoption among eco-conscious consumers is favouring the high performance alloys market demand.
The rapid industrialisation and the emergence of Industry 4.0 are driving the requirement for high performance alloys in machines to operate efficiently in corrosive and high-temperature environments. Various government initiatives aimed towards funding research activities to tailor the properties of alloys and meet the specific application requirement are favouring the market development. Furthermore, the strong presence of market players and the increasing extraction of metals to develop high performance alloys are likely to further strengthen the market growth in the forecast period.
Key Players in the Global Market for High Performance Alloys
The report gives a detailed analysis of the following key players in the global high performance alloys market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ATI
- Aperam SA
- CRS Holdings, LLC.
- Nippon Yakin Kogyo Co., Ltd.
- High Performance Alloys, Inc.
- Precision Castparts Corp
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Material |
|
| Breakup by Application |
|
| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Industry Opportunities and Challenges
8 Global High Performance Alloys Market Analysis
8.1 Key Industry Highlights
8.2 Global High Performance Alloys Historical Market (2018-2023)
8.3 Global High Performance Alloys Market Forecast (2024-2032)
8.4 Global High Performance Alloys Market by Product Type
8.4.1 Non-Ferrous Metal
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Platinum Group Metals
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Refractory
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Super Alloys
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.5 Global High Performance Alloys Market by Material
8.5.1 Aluminium
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Titanium
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Magnesium
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global High Performance Alloys Market by Application
8.6.1 Aerospace
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Industrial Gas Turbine
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Automotive
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Oil and Gas
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Electrical and Electronics
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2023)
8.6.6.3 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global High Performance Alloys Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 ATI
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Aperam SA
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 CRS Holdings, LLC.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Nippon Yakin Kogyo Co., Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 High Performance Alloys, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Precision Castparts Corp
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global High Performance Alloys Market: Key Industry Highlights, 2018 and 2032
2. Global High Performance Alloys Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global High Performance Alloys Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global High Performance Alloys Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global High Performance Alloys Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global High Performance Alloys Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global High Performance Alloys Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global High Performance Alloys Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global High Performance Alloys Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America High Performance Alloys Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America High Performance Alloys Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe High Performance Alloys Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe High Performance Alloys Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific High Performance Alloys Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific High Performance Alloys Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America High Performance Alloys Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America High Performance Alloys Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa High Performance Alloys Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa High Performance Alloys Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global High Performance Alloys Market Structure.
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 4.50% between 2024 and 2032.
The major market drivers include the growing demand for non-ferrous metal alloys due to their multiple advantages, the expanding production of lightweight automobiles, and rapid industrialisation.
The key market trends guiding the growth of the market include the rising utilisation of high performance alloys in various end-use sectors, the surging demand for high-performance alloys for extreme temperature and corrosive environments, and the increasing extraction of metals for the development of alloys.
Aluminium alloys are considered one of the most versatile alloys as they are corrosion-resistant, lightweight, offer improved temperature-resistance, and cost-effective, which is boosting their utilisation in various applications.
The major regions in the high performance alloys market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant product types of high performance alloys include non-ferrous metal, platinum group metals, refractory, and super alloys.
The various materials of high performance alloys include aluminium, titanium, and magnesium, among others.
Superalloys, owing to their excellent surface stability and strength at high temperatures, are typically used in medical applications, nuclear power plants, steam turbine power plants, aircraft gas turbines, and space vehicles, among others.
The different applications of high performance alloys include aerospace, industrial gas turbine, industrial, automotive, oil and gas, and electrical and electronics, among others.
The major players in the market are ATI, Aperam SA, CRS Holdings, LLC., Nippon Yakin Kogyo Co., Ltd., High Performance Alloys, Inc., and Precision Castparts Corp, among others.
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