Market Overview:
The global corrosion-resistant alloy market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for corrosion-resistant alloys from various end-use industries, such as aerospace, automotive, and architecture. In terms of type, the Fe based alloy segment is expected to lead the global corrosion-resistant alloy market during the forecast period. This can be attributed to its high resistance against various types of corrosive environments.
Product Definition:
A corrosion-resistant alloy is an alloy that resists corrosion, or rusting. These alloys are made up of different metals, and each metal has a different level of resistance to corrosion. The most common types of corrosion-resistant alloys are stainless steel and brass. Stainless steel is made up of iron, chromium, and nickel, while brass is made up of copper and zinc. Both metals have a high resistance to rusting and other forms of corrosion.
Fe Based Alloy:
The global market for the Fe based alloys is expected to witness significant growth over the forecast period. The key driver for this market includes growing demand from end-use industries such as aerospace, automotive and construction.
Nickel Based Alloy:
Nickel based alloys are used in the manufacturing of corrosion-resistant alloys. The most commonly used nickel-based alloy is NiCrAlTi, which contains approximately 40% to 60% nickel and about 20% to 50% chromium, iron, titanium and aluminum by weight. Nickel based corrosion resistant alloy finds its application in various end-use industries such as oil & gas (pipeline protection), automotive (fuel systems components) and aerospace & defense (aero engines).
Application Insights:
The global corrosion-resistant alloy market is segmented on the basis of application into aerospace, automotive, architecture and other applications. In 2017, the automotive application accounted for a share of over 40% in terms of volume. The segment is projected to witness significant growth owing to increasing demand for vehicles with better aesthetics and reduced maintenance cost.
Corrosion-resistant alloys are used in various components including engine block/pistons, cylinder head/valve assembly & liner system; oil pan; fuel injection pump; camshaft gear & follower; valve body & spring assembly; oxygen sensor housing etc., which are subject to high temperatures during combustion in an automobile engine. These components have a longer lifespan resulting in increased utilization thus driving the market growth across this sector globally over the forecast period.
Regional Analysis:
Asia Pacific was the leading market and accounted for over 45% of global revenue in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand from end-use industries, such as aerospace & defense, automotive, and construction. In addition, rising population coupled with rapid urbanization in emerging countries such as India and China is anticipated to boost product demand further.
The presence of key aircraft manufacturers including Boeing Co., Airbus S.A., Dassault Aviation SAUjZi Avionics Corporation Limited (CSA) has fueled the growth of corrosion-resistant alloys usage in aircraft manufacturing industry across Asia Pacific region.
North America emerged as a prominent regional market accounting for more than 15% of global revenue share in 2017 owing high consumption levels from applications sectors such as aerospace & defense and automotive particularly within U.S.
Growth Factors:
- Increasing demand from end-use industries: The global corrosion-resistant alloy market is expected to grow at a CAGR of over 5% during the forecast period, owing to the increasing demand from end-use industries such as automotive, aerospace & defense, and energy.
- Growing awareness about the benefits of corrosion-resistant alloys: There is a growing awareness among consumers about the benefits of using corrosion-resistant alloys in various applications. This is likely to boost the growth of the global corrosion-resistant alloy market in the coming years.
- Technological advancements: The development of new and innovative technologies has led to an increase in adoption rates for corrosion resistant alloys across different industries. This is anticipated to fuel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Corrosion-Resistant Alloy Market Research Report
By Type
Fe Based Alloy, Nickel Based Alloy, Active Metal
By Application
Aerospace, Automotive, Architecture
By Companies
AMG Aluminum, Hitachi Metals, Eramet Group, Fort Wayne Metals, VDM Metals, Nippon Yakin Kogyo, Haynes International
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Corrosion-Resistant Alloy Market Report Segments:
The global Corrosion-Resistant Alloy market is segmented on the basis of:
Types
Fe Based Alloy, Nickel Based Alloy, Active Metal
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
Aerospace, Automotive, Architecture
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:
- AMG Aluminum
- Hitachi Metals
- Eramet Group
- Fort Wayne Metals
- VDM Metals
- Nippon Yakin Kogyo
- Haynes International
Highlights of The Corrosion-Resistant Alloy 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:
- Fe Based Alloy
- Nickel Based Alloy
- Active Metal
- By Application:
- Aerospace
- Automotive
- Architecture
- 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 Corrosion-Resistant Alloy 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
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?
Corrosion-resistant alloy is a type of alloy that resists corrosion.
Some of the key players operating in the corrosion-resistant alloy market are AMG Aluminum, Hitachi Metals, Eramet Group, Fort Wayne Metals, VDM Metals, Nippon Yakin Kogyo, Haynes International.
The corrosion-resistant alloy market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Corrosion-Resistant Alloy 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. Corrosion-Resistant Alloy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Corrosion-Resistant Alloy Market - Supply Chain
4.5. Global Corrosion-Resistant Alloy Market Forecast
4.5.1. Corrosion-Resistant Alloy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Corrosion-Resistant Alloy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Corrosion-Resistant Alloy Market Absolute $ Opportunity
5. Global Corrosion-Resistant Alloy 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. Corrosion-Resistant Alloy Market Size and Volume Forecast by Type
5.3.1. Fe Based Alloy
5.3.2. Nickel Based Alloy
5.3.3. Active Metal
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Corrosion-Resistant Alloy 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. Corrosion-Resistant Alloy Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Architecture
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Corrosion-Resistant Alloy 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. Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy 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. Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy Demand Share Forecast, 2019-2026
9. North America Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive
9.4.3. Architecture
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Corrosion-Resistant Alloy Market Size and Volume Forecast by Type
9.7.1. Fe Based Alloy
9.7.2. Nickel Based Alloy
9.7.3. Active Metal
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 Corrosion-Resistant Alloy Demand Share Forecast, 2019-2026
10. Latin America Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive
10.4.3. Architecture
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Corrosion-Resistant Alloy Market Size and Volume Forecast by Type
10.7.1. Fe Based Alloy
10.7.2. Nickel Based Alloy
10.7.3. Active Metal
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 Corrosion-Resistant Alloy Demand Share Forecast, 2019-2026
11. Europe Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive
11.4.3. Architecture
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Corrosion-Resistant Alloy Market Size and Volume Forecast by Type
11.7.1. Fe Based Alloy
11.7.2. Nickel Based Alloy
11.7.3. Active Metal
11.8. Basis Point Share (BPS) Analysisby Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
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 Corrosion-Resistant Alloy Demand Share, 2019-2026
12. Asia Pacific Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive
12.4.3. Architecture
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Corrosion-Resistant Alloy Market Size and Volume Forecast by Type
12.7.1. Fe Based Alloy
12.7.2. Nickel Based Alloy
12.7.3. Active Metal
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 Corrosion-Resistant Alloy Demand Share, 2019-2026
13. Middle East & Africa Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy 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 Corrosion-Resistant Alloy Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive
13.4.3. Architecture
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Corrosion-Resistant Alloy Market Size and Volume Forecast by Type
13.7.1. Fe Based Alloy
13.7.2. Nickel Based Alloy
13.7.3. Active Metal
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 Corrosion-Resistant Alloy Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Corrosion-Resistant Alloy Market: Market Share Analysis
14.2. Corrosion-Resistant Alloy Distributors and Customers
14.3. Corrosion-Resistant Alloy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AMG Aluminum
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hitachi Metals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eramet Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fort Wayne Metals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. VDM Metals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nippon Yakin Kogyo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Haynes International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
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
