Market Overview

Global High Performance Alloys Market Outlook to 2023 - Oil & Gas End-user Segment to Drive Market Growth - ResearchAndMarkets.com

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The "Global
High Performance Alloys Market - Segmented by Type, End-user Industry,
and Geography - Growth, Trends, and Forecast (2018 - 2023)"

report has been added to ResearchAndMarkets.com's
offering.

The market for high performance alloys is expected to register a
moderate growth during the forecast period, 2018 to 2023. This moderate
growth is the consequence of the increasing demand from the aerospace &
defense industry.

The aerospace industry is the largest end-user segment for
high-performance alloys, which is nearly half of the total global
demand. The military aerospace industry consumes the largest part of the
important strategic materials that are used in commercial aerospace (the
fastest growing segment).

Inconel 718 (Nickel-based) superalloy is the most widely used
high-performance alloy (used extensively in aerospace applications).
Nickel-based superalloys currently constitutes over 50% of the weight of
advanced amount of high-performance alloys. In addition, high
performance alloys represents the most aircraft engines.

The consumption of high-performance alloys has increased not only in
aerospace but also in defense verticals. Since the trend gaining
momentum in the global scenario is increasing the investments in the
defense sector, this trend is expected to continue for the next 10 years.

Key Highlights

  • Oil & Gas End-user Segment to Drive the Market Growth
  • Asia-Pacific to Dominate the Market

Key Developments in the Market

  • March 2018: Materion Corporation announced a distribution agreement
    with EDRO GmbH in Europe. In addition, EDRO Specialty Steels Inc. will
    join ThyssenKrupp Copper and Brass Sales as exclusive distributors of
    MoldMAX alloy products in North America.

Major Players: ATI, VDM Metals, Precision Castparts
Corporation, Carpenter Technology Corporation, and Haynes International,
among others.

Market Dynamics

Drivers

  • Increasing Demand from the Aerospace & Defense Industry
  • Increasing Demand for Corrosion Resistant Alloys in the Oil & Gas
    Industry
  • Emerging Applications in the Medical Industry

Restraints

  • Unviability of Nickel Chromium Alloys in High Temperature and Sulfur
    Rich Environments like Coal Burning Plants
  • Technical Complications in Manufacturing Process and High Investment
    Costs

Opportunities

  • Growing Popularity of Electric Vehicles
  • Increasing Consumption of Molybdenum in High-Performance Alloys
  • Advanced High Performance Alloys Designed Specifically for Additive
    Manufacturing Processes

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis (Market Size, Forecast, and CAGR)

6. Regional Analysis (Market Size, Forecast, and CAGR)

7. Future of the Market

8. Competitive Landscape

9. Company Profiles (Overview, Financials, Products & Services, and
Recent Developments)

  • Alcoa Corporation
  • Allegheny Technologies Incorporated
  • Aperam SA.
  • Carpenter Technology Corporation
  • Cogne Acciai Speciali SpA
  • Haynes International Inc.
  • High Performance Alloys Inc.
  • Hitachi Metals Ltd
  • Kennametal Inc.
  • Materion Corporation
  • Outokumpu
  • Precision Castparts Corporation
  • Rolled Alloys Inc.
  • Sandvik AB
  • Sanyo Special Steel Co. Ltd
  • SIJ - Slovenian Steel Group
  • Smiths High Performance
  • Thyssenkrupp AG
  • TimkenSteel
  • VDM Metals
  • Villares Metals SA
  • Voestalpine AG
  • VSMPO-AVISMA Corporation
  • Wall Colmonoy

For more information about this report visit https://www.researchandmarkets.com/research/3jqtns/global_high?w=4

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