DUBLIN, March 16, 2023 /PRNewswire/ -- The "High Performance Alloys: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for High Performance Alloys estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$11.8 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.
Non-Ferrous Metal, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$6.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Super Alloys segment is readjusted to a revised 4.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 6.3% CAGR
The High Performance Alloys market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Select Competitors (Total 121 Featured) -
- Allegheny Technologies Incorporated
- AMG Advanced Metallurgical Group N.V.
- Aperam SA
- Carpenter Technology Corporation
- Constellium SE
- Doncasters Group Limited
- ERAMET S.A.
- Fort Wayne Metals Research Products, LLC
- Glencore Plc
- H.C. Starck GmbH
- Haynes International, Inc.
- High Performance Alloys, Inc.
- Hitachi Metals, Ltd.
- Howmet Aerospace Inc.
- Metallurgical Plant Electrostal, JSC
- Nippon Yakin Kogyo Co., Ltd.
- Precision Castparts Corp.
- Sandvik AB
- Special Metals Corporation
- TimkenSteel Corporation
- Titanium Metals Corporation (TIMET)
- Universal Stainless & Alloys Inc. Canada)
- VDM Metals GmbH
- VSMPO-AVISMA Corporation
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Why Investing in Materials Innovation is Vital for Countries & Their Economy
- Growing R&D Spending on New Material Development & Innovation Provides a Platform for Growth & Expanding Use of High Performance Alloys: Global R&D Spending on Advanced Materials and Chemicals (In US$ Billion) for Years 2017 Through 2022
- High Performance Alloys (HPAs): Here's Why They Are the Advanced Materials of Choice
- On the Pandemic & Economic Front, Here's What's Happening. Prognosis Every Business Needs to Know
- After Omicron, Comes Stealth Omicron & Deltacron Fueling Fresh Waves of Infections Across the Globe
- With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?
- With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of March 2022
- At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain
- How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
- Split Scenarios Unfold: The Great Vaccine Divide Emerges
- With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of March 2022
- The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated
- Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
- The Verdict's Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable
- Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
- Dragging Pandemic, New Virus Strains, Fresh Societal Risks, War & Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021
- Fresh Shocks for the Global Economy in 2022 as New Bursts of Food & Energy Inflation Comes into Play Triggered by the Russia-Ukraine War
- A World Divided Over the War in Russia & Ukraine Fuels Oil Production Stand-Off, Aggravating Global Price Rise & Making Putin More Bolder & Willing to Invade its Neighbors: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
- Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Coupled With Inflation Triggered by the Russia-Ukraine War Lowers Growth Expectations for 2022: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
- Supply Chains Tighten Once Gain, Bracing for the Widening Economic Storm Being Brewed by the Russia-Ukraine War
- The Military & Defense Industry Emerges as the Sole Beneficiary of the War
- Competition
- High Performance Alloys - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- High Performance Alloys: A Review of Types, Benefits & End-Use Applications
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- HPA Witnesses Price Rise in 2022 Amid Volatility in the Metal Commodities Market Triggered by the Russia-Ukraine War
- Rise of Lightweighting as a Part of the Long-Term Manufacturing Strategy to Benefit HPA Demand
- HPAs Find Expanded Opportunity in the Robustly Growing Lightweight Materials Market: Global Market for Lightweight Materials (In US$ Billion) for Years 2021, 2023, 2025, and 2027
- Production Volatility Amid Chip Shortages Aggravated by the Russia Ukraine War Downgrades Demand Growth for Automotive Alloys in 2022
- As Automobile Production Recovery Slips On the Original Forecasts, Hit By Chip Shortage Woes & Supply Chain Disruptions Caused by the Russia-Ukraine War, Uncertainty Rips Through Upstream Suppliers: Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025
- Beyond These Challenges, Stringent Regulations & Competitive Pressures Will Remain Long-Term Drivers of Demand for Specialty Automotive Alloys
- Expanding Industrial Applications for Titanium Based Alloys to Continue Post Pandemic
- Global Titanium Market by End-use Sector (2022): Percentage Breakdown of Volume Consumption for Aerospace, Defense, Industrial, and Others
- Here's Why Nickel Alloys Hold a Stronger Potential for Long-Term Growth
- Robust Demand for Medical Devices Spurs Parallel Opportunities for HPAs in Medical Devices Manufacturing
- Demand Outlook for Medical Devices Remains Robust
- Robust Outlook for Medical Devices Expands the Addressable Market Opportunity for HPAs in Medical Device Manufacturing: Global Market for Medical Devices (In US$ Billion) for Years 2021, 2023, 2025 and 2027
- Here's How Valuable HPAs are in Medical Device Manufacturing
- Newer Applications to Drive Gains Over the Long-Term
- Forced Investments in Upgrading the Creaking Energy Infrastructure, Post Pandemic to Drive Demand for HPAs in Industrial Gas Turbines (IGT)
- Use of AI in the Design of High Performance Alloys Gains Momentum
- Increase in Oil Production Prompted by Russia-Ukraine War to Positively Impact Demand for HPAs
- A Peek Into Oil Supply Dynamics: Global Crude Oil Production by Country (In 000 Barrels Per Day):
- Biggest Importers of Russian Oil Are Now Lucrative Customer Targets for Non-Russian Oil Companies Investing in Production Expansions Amid Growing Anti-Russia Sentiments & Political Policy Shifts: Leading Importers of Russian Oil (In US$ Billion) as of the Year 2022
- Shape Memory Alloys Grow in Popularity
- High Entropy Alloys Rise In Significance & Find New & Advanced Applications
- In Focus- Titanium-Aluminides Alloys
- Innovation in High Performance Alloys Remains Crucial to Sustained Growth
- Recycling Storms Into the Spotlight at a Time When Sustainability is Gaining Importance Now More Than Ever
- The Time to Get Our Act Together & Move Towards a Circular Bioeconomy Has Come: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
- Current State of Recycling HPAs
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4s9p4r
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