Market Overview:
The global corrosion resistant superalloy market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for these alloys from various end-use industries, such as aerospace, IGT (electricity), IGT (mechanical), industrial, automotive, oil & gas and others. In terms of type, the iron based superalloy segment is expected to lead the global corrosion resistant superalloy market during the forecast period. This can be attributed to its high strength-to-weight ratio and resistance against wear and tear.
Product Definition:
A corrosion resistant superalloy is a material that possesses excellent resistance to degradation by various forms of corrosion, including oxidation and sulfidation. These alloys are typically used in high-temperature applications where they are exposed to harsh environments. The importance of corrosion resistant superalloys lies in their ability to withstand extreme conditions while maintaining their structural integrity.
Iron Based Superalloy:
Iron Based Superalloy (IBS) is a group of high strength corrosion-resistant alloys based on iron and containing other metals such as chromium, nickel, molybdenum, titanium and zirconium.
The global IBS market size was valued at USD 1.83 billion in 2016.
Cobalt Based Superalloy:
Cobalt based superalloys are a group of high strength corrosion-resistant materials. They contain cobalt, which is used as an alloying element to enhance their properties such as resistance to oxidation and corrosion. The most important application of these alloys is in the manufacturing of pressure vessels, owing to their excellent resistance against aggressive chemicals and corrosive environments.
The global market for Cobalt Based Superalloy (CBS) was estimated at USD 853 million in 2016.
Application Insights:
The global corrosion resistant superalloys market is segmented on the basis of application into aerospace, industrial, general engineering & transportation (IGT), automotive, oil & gas and others. The aerospace sector accounted for a major share in terms of demand as well as production in 2017. The growth can be attributed to increasing passenger traffic coupled with an increase in air cargo traffic. Moreover, governments around the world are investing significantly to develop airports that serve as hubs for international aviation which further drives the growth of this industry segment over the forecast period.
The IGT applications include electricity generation and mechanical industries such as turbines and compressors among others where resistance against wear is important factor affecting product demand globally.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production owing to low labor cost, easy availability of raw materials, and increasing demand from end-use industries. China is one of the largest producers as well as consumers in this region due to presence of large scale manufacturers such as MTR Corporation Limited (MTR), Sinopec Group, China National Nuclear Corporation (CNNC) etc. In addition, India's domestic consumption coupled with exports provides an opportunity for growth in near future.
North America held a significant share followed by Europe owing to growing demand from automotive industry on account rising fuel efficiency standards mandated by regulatory bodies such as NHTSA (National Highway Traffic Safety Administration) EPA (Environmental Protection Agency). Regulatory policies framed by EPA regarding exhaust emission control systems are anticipated to boost product adoption across various applications including power generation and industrial gas turbines within North American countries over the forecast period.
Growth Factors:
- Increasing demand from the aerospace and defense industries for corrosion resistant superalloys as these industries are expanding at a rapid pace.
- Growing demand for nickel-based alloys in the energy sector due to their high resistance to corrosion and wear.
- Rising popularity of nickel-based alloys in the chemical processing industry as they offer superior performance over traditional materials such as stainless steel and aluminum alloys.
- Increasing use of corrosion resistant superalloys in power generation applications due to their ability to withstand extreme temperatures and corrosive environments without degradation or failure.
Scope Of The Report
Report Attributes
Report Details
Report Title
Corrosion Resistant Superalloy Market Research Report
By Type
Iron Based Superalloy, Cobalt Based Superalloy, Nickel Based Superalloy
By Application
Aerospace, IGT (Electricity), IGT(Mechanical), Industrial, Automotive, Oil & Gas, Others
By Companies
Precision Castparts Corporation, ATI, Haynes, Carpenter, Aperam, Eramet Group, AMG, Hitachi Metals, CMK Group, VDM, Nippon Yakin Kogyo, Doncasters, Acronic, VSMPO-AVISMA, Fushun Special Steel, CISRI Gaona, BaoSteel, ANSTEEL, Zhongke Sannai
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Corrosion Resistant Superalloy Market Report Segments:
The global Corrosion Resistant Superalloy market is segmented on the basis of:
Types
Iron Based Superalloy, Cobalt Based Superalloy, Nickel Based Superalloy
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, IGT (Electricity), IGT(Mechanical), Industrial, Automotive, Oil & Gas, Others
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:
- Precision Castparts Corporation
- ATI
- Haynes
- Carpenter
- Aperam
- Eramet Group
- AMG
- Hitachi Metals
- CMK Group
- VDM
- Nippon Yakin Kogyo
- Doncasters
- Acronic
- VSMPO-AVISMA
- Fushun Special Steel
- CISRI Gaona
- BaoSteel
- ANSTEEL
- Zhongke Sannai
Highlights of The Corrosion Resistant 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 Based Superalloy
- Cobalt Based Superalloy
- Nickel Based Superalloy
- By Application:
- Aerospace
- IGT (Electricity)
- IGT(Mechanical)
- Industrial
- Automotive
- Oil & Gas
- Others
- 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 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.
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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?
A corrosion resistant superalloy is a type of alloy that resists corrosion. This means that it can resist the chemical reaction between metal and water or other chemicals.
Some of the major players in the corrosion resistant superalloy market are Precision Castparts Corporation, ATI, Haynes, Carpenter, Aperam, Eramet Group, AMG, Hitachi Metals, CMK Group, VDM, Nippon Yakin Kogyo, Doncasters, Acronic, VSMPO-AVISMA, Fushun Special Steel, CISRI Gaona, BaoSteel, ANSTEEL, Zhongke Sannai.
The corrosion resistant superalloy market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Corrosion Resistant 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. Corrosion Resistant Superalloy 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 Superalloy Market - Supply Chain
4.5. Global Corrosion Resistant Superalloy Market Forecast
4.5.1. Corrosion Resistant Superalloy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Corrosion Resistant Superalloy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Corrosion Resistant Superalloy Market Absolute $ Opportunity
5. Global Corrosion Resistant 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. Corrosion Resistant Superalloy Market Size and Volume Forecast by Type
5.3.1. Iron Based Superalloy
5.3.2. Cobalt Based Superalloy
5.3.3. Nickel Based Superalloy
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Corrosion Resistant 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. Corrosion Resistant Superalloy Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. IGT (Electricity)
6.3.3. IGT(Mechanical)
6.3.4. Industrial
6.3.5. Automotive
6.3.6. Oil & Gas
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Corrosion Resistant 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. Corrosion Resistant 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 Corrosion Resistant 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. Corrosion Resistant 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 Corrosion Resistant Superalloy Demand Share Forecast, 2019-2029
9. North America Corrosion Resistant 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 Corrosion Resistant 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 Corrosion Resistant Superalloy Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. IGT (Electricity)
9.4.3. IGT(Mechanical)
9.4.4. Industrial
9.4.5. Automotive
9.4.6. Oil & Gas
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Corrosion Resistant Superalloy Market Size and Volume Forecast by Type
9.7.1. Iron Based Superalloy
9.7.2. Cobalt Based Superalloy
9.7.3. Nickel Based Superalloy
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 Superalloy Demand Share Forecast, 2019-2029
10. Latin America Corrosion Resistant 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 Corrosion Resistant 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 Corrosion Resistant Superalloy Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. IGT (Electricity)
10.4.3. IGT(Mechanical)
10.4.4. Industrial
10.4.5. Automotive
10.4.6. Oil & Gas
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Corrosion Resistant Superalloy Market Size and Volume Forecast by Type
10.7.1. Iron Based Superalloy
10.7.2. Cobalt Based Superalloy
10.7.3. Nickel Based Superalloy
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 Superalloy Demand Share Forecast, 2019-2029
11. Europe Corrosion Resistant 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 Corrosion Resistant 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 Corrosion Resistant Superalloy Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. IGT (Electricity)
11.4.3. IGT(Mechanical)
11.4.4. Industrial
11.4.5. Automotive
11.4.6. Oil & Gas
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Corrosion Resistant Superalloy Market Size and Volum Forecast by Type
11.7.1. Iron Based Superalloy
11.7.2. Cobalt Based Superalloy
11.7.3. Nickel Based Superalloy
11.8. Basis Point Share (BPS) Analysis by 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 Superalloy Demand Share, 2019-2029
12. Asia Pacific Corrosion Resistant 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 Corrosion Resistant 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 Corrosion Resistant Superalloy Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. IGT (Electricity)
12.4.3. IGT(Mechanical)
12.4.4. Industrial
12.4.5. Automotive
12.4.6. Oil & Gas
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Corrosion Resistant Superalloy Market Size and Volume Forecast by Type
12.7.1. Iron Based Superalloy
12.7.2. Cobalt Based Superalloy
12.7.3. Nickel Based Superalloy
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 Superalloy Demand Share, 2019-2029
13. Middle East & Africa Corrosion Resistant 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 Corrosion Resistant 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 Corrosion Resistant Superalloy Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. IGT (Electricity)
13.4.3. IGT(Mechanical)
13.4.4. Industrial
13.4.5. Automotive
13.4.6. Oil & Gas
13.4.7. Others
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 Superalloy Market Size and Volume Forecast by Type
13.7.1. Iron Based Superalloy
13.7.2. Cobalt Based Superalloy
13.7.3. Nickel Based Superalloy
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 Superalloy Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Corrosion Resistant Superalloy Market: Market Share Analysis
14.2. Corrosion Resistant Superalloy Distributors and Customers
14.3. Corrosion Resistant Superalloy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Precision Castparts Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ATI
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Haynes
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Carpenter
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aperam
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eramet Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AMG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi Metals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CMK Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. VDM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nippon Yakin Kogyo
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Doncasters
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Acronic
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. VSMPO-AVISMA
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Fushun Special Steel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CISRI Gaona
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. BaoSteel
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ANSTEEL
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Zhongke Sannai
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
