Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Cast Superalloy Market by Type (Iron Base, Nickel Base, Cobalt Base, Other), By Application (Aircraft Engine, Gas Turbine, Car Turbine, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Cast Superalloy Market by Type (Iron Base, Nickel Base, Cobalt Base, Other), By Application (Aircraft Engine, Gas Turbine, Car Turbine, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 142880 3300 Chemical & Material 377 248 Pages 4.7 (49)
                                          

Market Overview:


The global cast superalloy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cast superalloys in aircraft engines, gas turbines, and car turbines. In terms of type, the iron-base segment is expected to lead the global cast superalloy market during the forecast period. This can be attributed to its high strength-to-weight ratio and corrosion resistance properties.


Global Cast Superalloy Industry Outlook


Product Definition:


Cast Superalloy is a type of alloy that is composed of metals and other elements. It has high resistance to heat and corrosion, making it ideal for use in engineering applications.


Iron Base:


Iron base is a term used for iron-based alloy. It includes ferrites, magnetic minerals, and others. The global market size of iron based alloys is expected to be USD 4.5 billion by 2024 growing at an estimated CAGR of XX% from 2016 to 2024.


The key drivers responsible for the growth include rising demand from end-use industries such as transportation equipment and machinery along with energy generation sector which includes wind turbines.


Nickel Base:


Nickel base is a term used for alloys containing nickel and at least one metal other than nickel. The most common examples of such alloys are Ni-Fe alloys, Ni-Cr alloy, etc. Nickel based superalloys find application in gas turbines and jet engines where they provide several key properties including high strength, corrosion resistance along with improved wear resistance.


Application Insights:


Aircraft engine was the largest application segment and accounted for a volume share of over 60% in 2017. Nickel, cobalt and iron based alloys are used to manufacture aircraft engines owing to their ability to deliver high performance at lower costs. In addition, these alloys help reduce the overall weight of an engine which results in increased fuel efficiency. The gas turbine segment is expected to witness significant growth over the forecast period due to its usage in power generation applications as well as for marine applications such as offshore wind turbines and ice breakers among others. Other application segments include heat exchangers, air handling units (HU), pressure vessels & boilers among others.


Regional Analysis:


Asia Pacific dominated the global cast superalloy market in 2016 and is expected to continue its dominance over the forecast period. The presence of key aircraft engine manufacturers such as GE, Pratt & Whitney Canada, and Rolls-Royce Holdings has propelled growth in this region. In addition, rising demand for commercial aircraft by China and India is likely to have a positive impact on regional growth.


The European market accounted for a significant share owing to rapid industrialization along with growing automotive industry that has resulted in high product consumption across major countries including Germany, France Italy, Spain among others. However; recent COVID-19 related issues have hampered production activities which is expected to negatively impact demand from end-use industries over the next few years.


In North America; increasing R&D activities undertaken by key players coupled with technological advancements are anticipated to fuel product demand over the forecast period.


Growth Factors:


  • Increasing demand for cast superalloys from the aerospace and defense industries as a result of the increasing popularity of these materials in high-performance applications.
  • The growing demand for cast superalloys from the power generation industry, owing to their superior properties that make them suitable for use in high-temperature and corrosive environments.
  • Rising investments in infrastructure development projects, which is expected to lead to an increase in demand for cast superalloys from the construction industry.
  • Growing awareness about the benefits of using cast superalloys among end users, which is likely to boost their adoption across various industries.

Scope Of The Report

Report Attributes

Report Details

Report Title

Cast Superalloy Market Research Report

By Type

Iron Base, Nickel Base, Cobalt Base, Other

By Application

Aircraft Engine, Gas Turbine, Car Turbine, Other

By Companies

General Electric Company, Pratt & Whitney, Antai Technology, Shanghai Junting Nonferrous, Haynes Stellite Company, Inco Alloys International, Cannon Muskegon Corporation, Westing House, Zhejiang Guobang Steel, China Baowu Steel Group, Fushun Special Steel, MTU Aero Engines

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

248

Number of Tables & Figures

174

Customization Available

Yes, the report can be customized as per your need.


Global Cast Superalloy Market Report Segments:

The global Cast Superalloy market is segmented on the basis of:

Types

Iron Base, Nickel Base, Cobalt Base, Other

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Aircraft Engine, Gas Turbine, Car Turbine, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. General Electric Company
  2. Pratt & Whitney
  3. Antai Technology
  4. Shanghai Junting Nonferrous
  5. Haynes Stellite Company
  6. Inco Alloys International
  7. Cannon Muskegon Corporation
  8. Westing House
  9. Zhejiang Guobang Steel
  10. China Baowu Steel Group
  11. Fushun Special Steel
  12. MTU Aero Engines

Global Cast Superalloy Market Overview


Highlights of The Cast Superalloy Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Iron Base
    2. Nickel Base
    3. Cobalt Base
    4. Other
  1. By Application:

    1. Aircraft Engine
    2. Gas Turbine
    3. Car Turbine
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cast Superalloy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Cast Superalloy Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Cast Superalloy is a type of alloy that is made up of cast iron and other metals. Cast superalloys are strong and durable, making them ideal for use in products such as cars, aircrafts, and tools.

Some of the major companies in the cast superalloy market are General Electric Company, Pratt & Whitney, Antai Technology, Shanghai Junting Nonferrous, Haynes Stellite Company, Inco Alloys International, Cannon Muskegon Corporation, Westing House, Zhejiang Guobang Steel, China Baowu Steel Group, Fushun Special Steel, MTU Aero Engines.

The cast superalloy market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Cast Superalloy Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Cast Superalloy Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Cast Superalloy Market - Supply Chain
   4.5. Global Cast Superalloy Market Forecast
      4.5.1. Cast Superalloy Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Cast Superalloy Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Cast Superalloy Market Absolute $ Opportunity

5. Global Cast Superalloy Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Cast Superalloy Market Size and Volume Forecast by Type
      5.3.1. Iron Base
      5.3.2. Nickel Base
      5.3.3. Cobalt Base
      5.3.4. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Cast Superalloy Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Cast Superalloy Market Size and Volume Forecast by Application
      6.3.1. Aircraft Engine
      6.3.2. Gas Turbine
      6.3.3. Car Turbine
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Cast Superalloy Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Cast Superalloy Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Cast Superalloy Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Cast Superalloy Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Cast Superalloy Demand Share Forecast, 2019-2026

9. North America Cast Superalloy Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Cast Superalloy Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Cast Superalloy Market Size and Volume Forecast by Application
      9.4.1. Aircraft Engine
      9.4.2. Gas Turbine
      9.4.3. Car Turbine
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Cast Superalloy Market Size and Volume Forecast by Type
      9.7.1. Iron Base
      9.7.2. Nickel Base
      9.7.3. Cobalt Base
      9.7.4. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Cast Superalloy Demand Share Forecast, 2019-2026

10. Latin America Cast Superalloy Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Cast Superalloy Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Cast Superalloy Market Size and Volume Forecast by Application
      10.4.1. Aircraft Engine
      10.4.2. Gas Turbine
      10.4.3. Car Turbine
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Cast Superalloy Market Size and Volume Forecast by Type
      10.7.1. Iron Base
      10.7.2. Nickel Base
      10.7.3. Cobalt Base
      10.7.4. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Cast Superalloy Demand Share Forecast, 2019-2026

11. Europe Cast Superalloy Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Cast Superalloy Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Cast Superalloy Market Size and Volume Forecast by Application
      11.4.1. Aircraft Engine
      11.4.2. Gas Turbine
      11.4.3. Car Turbine
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Cast Superalloy Market Size and Volume Forecast by Type
      11.7.1. Iron Base
      11.7.2. Nickel Base
      11.7.3. Cobalt Base
      11.7.4. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential nalysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Cast Superalloy Demand Share, 2019-2026

12. Asia Pacific Cast Superalloy Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Cast Superalloy Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Cast Superalloy Market Size and Volume Forecast by Application
      12.4.1. Aircraft Engine
      12.4.2. Gas Turbine
      12.4.3. Car Turbine
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Cast Superalloy Market Size and Volume Forecast by Type
      12.7.1. Iron Base
      12.7.2. Nickel Base
      12.7.3. Cobalt Base
      12.7.4. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Cast Superalloy Demand Share, 2019-2026

13. Middle East & Africa Cast Superalloy Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Cast Superalloy Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Cast Superalloy Market Size and Volume Forecast by Application
      13.4.1. Aircraft Engine
      13.4.2. Gas Turbine
      13.4.3. Car Turbine
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Cast Superalloy Market Size and Volume Forecast by Type
      13.7.1. Iron Base
      13.7.2. Nickel Base
      13.7.3. Cobalt Base
      13.7.4. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Cast Superalloy Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Cast Superalloy Market: Market Share Analysis
   14.2. Cast Superalloy Distributors and Customers
   14.3. Cast Superalloy Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. General Electric Company
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Pratt & Whitney
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Antai Technology
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Shanghai Junting Nonferrous
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Haynes Stellite Company
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Inco Alloys International
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Cannon Muskegon Corporation
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Westing House
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Zhejiang Guobang Steel
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. China Baowu Steel Group
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Fushun Special Steel
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. MTU Aero Engines
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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