Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Corrosion-Resistant Alloy Market by Type (Fe Based Alloy, Nickel Based Alloy, Active Metal), By Application (Aerospace, Automotive, Architecture) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Corrosion-Resistant Alloy Market by Type (Fe Based Alloy, Nickel Based Alloy, Active Metal), By Application (Aerospace, Automotive, Architecture) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 145448 3300 Chemical & Material 377 231 Pages 5 (31)
                                          

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.


Global Corrosion-Resistant Alloy Industry Outlook


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:

  1. AMG Aluminum
  2. Hitachi Metals
  3. Eramet Group
  4. Fort Wayne Metals
  5. VDM Metals
  6. Nippon Yakin Kogyo
  7. Haynes International

Global Corrosion-Resistant Alloy Market Overview


Highlights of The Corrosion-Resistant Alloy 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. Fe Based Alloy
    2. Nickel Based Alloy
    3. Active Metal
  1. By Application:

    1. Aerospace
    2. Automotive
    3. Architecture
  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 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

Global Corrosion-Resistant Alloy 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?


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.

                                            
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

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