Market Overview:
The global alloy target market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for semiconductor chips, flat panel displays, solar batteries and information storage devices. Additionally, the growing demand for nickel-chromium alloys and nickel cobalt alloys is also contributing to the growth of this market. North America dominates the global alloy target market and is expected to continue its dominance during the forecast period.
Product Definition:
An alloy target is a type of target used in firearms practice that is made of two or more metals that are combined to create a tougher, more durable target. Alloy targets are often used for close-quarter combat training and law enforcement exercises, as they offer a realistic simulation of the effects of bullets on real-world objects.
Nickel-chromium Alloy:
Nickel-chromium alloys are used in the manufacturing of targets, which are widely used by archery manufacturers. The product is considered to be one of the most suitable materials for manufacturing high-performance target products on account of its superior properties including high stability and resistance towards deformation.
The global nickel-chromium alloy market size was valued at USD 575 million in 2016.
Nickel Cobalt Alloy:
Nickel cobalt alloys are a group of Nickel-Cobalt alloys. They have applications in the manufacturing of targets for high powered rifles and handguns. The product is considered to be armor piercing ammunition, which can be used in guns with rifled bores.
The global market for nickel cobalt alloy is expected to grow at a CAGR of XX% over the forecast period on account of its increasing demand from military.
Application Insights:
The market is segmented by application into semiconductor chip, flat panel display, solar battery, and information storage. The semiconductor chip application segment led the global alloy target market in 2017 and will maintain its dominance over the forecast period. This growth can be attributed to increasing demand for electronic devices across the globe. Furthermore, technological advancements coupled with rising demand for high-tech products are expected to drive industry growth over the coming years.
Flat panel display was another prominent application of global alloy targets in 2017 owing to increasing demand from various end-use industries such as automotive and consumer electronics among others which require large quantities of thin film materials every year.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are projected to witness strong economic growth over the coming years on account of increasing industrialization and rising foreign investments in various sectors such as automotive, electronics & IT or renewable energy.
The growing demand for electronic products coupled with rapid urbanization has resulted in significant growth for Alloy Target Market In Asia Pacific since 2010s which will drive industry expansion further.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for high-strength, lightweight alloys.
- Growing popularity of aluminum alloys in the construction industry due to their corrosion resistance and strength-to-weight ratio.
- Rising demand for titanium alloys in medical implants and other biomedical applications.
- Increased use of nickel alloys in power generation and other industrial applications due to their superior heat resistance properties.
- Proliferation of 3D printing technology that is enabling the development of new alloy compositions with unique properties
Scope Of The Report
Report Attributes
Report Details
Report Title
Alloy Target Market Research Report
By Type
Nickel-chromium Alloy, Nickel Cobalt Alloy
By Application
Semiconductor Chip, Flat Panel Display, Solar Battery, Information Storage
By Companies
Materion (Heraeus), JX Nippon Mining & Metals Corporation, Praxair, Plansee SE, Mitsui Mining & Smelting, Hitachi Metals, Honeywell, Sumitomo Chemical, ULVAC, GRIKIN Advanced Material, Materion (Heraeus), Ningbo Jiangfeng, Advantec, Luvata, Angstrom Sciences, Umicore Thin Film Products
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Alloy Target Market Report Segments:
The global Alloy Target market is segmented on the basis of:
Types
Nickel-chromium Alloy, Nickel Cobalt Alloy
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
Semiconductor Chip, Flat Panel Display, Solar Battery, Information Storage
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:
- Materion (Heraeus)
- JX Nippon Mining & Metals Corporation
- Praxair
- Plansee SE
- Mitsui Mining & Smelting
- Hitachi Metals
- Honeywell
- Sumitomo Chemical
- ULVAC
- GRIKIN Advanced Material
- Materion (Heraeus)
- Ningbo Jiangfeng
- Advantec
- Luvata
- Angstrom Sciences
- Umicore Thin Film Products
Highlights of The Alloy Target 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:
- Nickel-chromium Alloy
- Nickel Cobalt Alloy
- By Application:
- Semiconductor Chip
- Flat Panel Display
- Solar Battery
- Information Storage
- 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 Alloy Target 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?
An alloy target is a type of shooting target that is made from a combination of metals. This allows the shooter to practice with different types of ammunition and firearms without having to purchase multiple targets.
Some of the major players in the alloy target market are Materion (Heraeus), JX Nippon Mining & Metals Corporation, Praxair, Plansee SE, Mitsui Mining & Smelting, Hitachi Metals, Honeywell, Sumitomo Chemical, ULVAC, GRIKIN Advanced Material, Materion (Heraeus), Ningbo Jiangfeng, Advantec, Luvata, Angstrom Sciences, Umicore Thin Film Products.
The alloy target market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alloy Target Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Alloy Target Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Alloy Target Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Alloy Target Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Alloy Target Market Size & Forecast, 2018-2028
4.5.1 Alloy Target Market Size and Y-o-Y Growth
4.5.2 Alloy Target Market Absolute $ Opportunity
Chapter 5 Global Alloy Target Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Alloy Target Market Size Forecast by Type
5.2.1 Nickel-chromium Alloy
5.2.2 Nickel Cobalt Alloy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Alloy Target Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Alloy Target Market Size Forecast by Applications
6.2.1 Semiconductor Chip
6.2.2 Flat Panel Display
6.2.3 Solar Battery
6.2.4 Information Storage
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Alloy Target Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Alloy Target Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Alloy Target Analysis and Forecast
9.1 Introduction
9.2 North America Alloy Target Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Alloy Target Market Size Forecast by Type
9.6.1 Nickel-chromium Alloy
9.6.2 Nickel Cobalt Alloy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Alloy Target Market Size Forecast by Applications
9.10.1 Semiconductor Chip
9.10.2 Flat Panel Display
9.10.3 Solar Battery
9.10.4 Information Storage
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Alloy Target Analysis and Forecast
10.1 Introduction
10.2 Europe Alloy Target Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Alloy Target Market Size Forecast by Type
10.6.1 Nickel-chromium Alloy
10.6.2 Nickel Cobalt Alloy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Alloy Target Market Size Forecast by Applications
10.10.1 Semiconductor Chip
10.10.2 Flat Panel Display
10.10.3 Solar Battery
10.10.4 Information Storage
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Alloy Target Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Alloy Target Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Alloy Target Market Size Forecast by Type
11.6.1 Nickel-chromium Alloy
11.6.2 Nickel Cobalt Alloy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Alloy Target Market Size Forecast by Applications
11.10.1 Semiconductor Chip
11.10.2 Flat Panel Display
11.10.3 Solar Battery
11.10.4 Information Storage
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Alloy Target Analysis and Forecast
12.1 Introduction
12.2 Latin America Alloy Target Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Alloy Target Market Size Forecast by Type
12.6.1 Nickel-chromium Alloy
12.6.2 Nickel Cobalt Alloy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Alloy Target Market Size Forecast by Applications
12.10.1 Semiconductor Chip
12.10.2 Flat Panel Display
12.10.3 Solar Battery
12.10.4 Information Storage
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Alloy Target Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Alloy Target Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Alloy Target Market Size Forecast by Type
13.6.1 Nickel-chromium Alloy
13.6.2 Nickel Cobalt Alloy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Alloy Target Market Size Forecast by Applications
13.10.1 Semiconductor Chip
13.10.2 Flat Panel Display
13.10.3 Solar Battery
13.10.4 Information Storage
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Alloy Target Market: Competitive Dashboard
14.2 Global Alloy Target Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Materion (Heraeus)
14.3.2 JX Nippon Mining & Metals Corporation
14.3.3 Praxair
14.3.4 Plansee SE
14.3.5 Mitsui Mining & Smelting
14.3.6 Hitachi Metals
14.3.7 Honeywell
14.3.8 Sumitomo Chemical
14.3.9 ULVAC
14.3.10 GRIKIN Advanced Material
14.3.11 Materion (Heraeus)
14.3.12 Ningbo Jiangfeng
14.3.13 Advantec
14.3.14 Luvata
14.3.15 Angstrom Sciences
14.3.16 Umicore Thin Film Products
