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.
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:
- 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
Highlights of The Cast Superalloy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Iron Base
- Nickel Base
- Cobalt Base
- Other
- By Application:
- Aircraft Engine
- Gas Turbine
- Car Turbine
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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