Market Overview:
The global heat resisting alloys market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for heat resistant alloys from various end-use industries, such as aeronautical, industrial, petrochemical and others. In terms of type, the iron base superalloy segment is expected to lead the global heat resisting alloys market during the forecast period. This can be attributed to its high thermal stability and resistance to corrosion and wear.
Product Definition:
Heat resisting alloys are metals that have been specifically designed to resist heat and corrosion. They are often used in high-temperature applications, such as aerospace or automotive engineering. The importance of heat resistant alloys lies in their ability to withstand extreme temperatures without corroding or melting. This makes them ideal for use in a wide range of industrial and commercial applications.
Iron Base Superalloy:
Iron base superalloy is a group of iron-based alloying elements with high melting point. It contains more than one metal and it's mixture can be used as an additive to enhance properties of other alloys. The product has wide applications in the heat resisting alloys market owing to its ability to withstand high temperature without being melted or deformed.
Nickel Base Superalloy:
Nickel base superalloys are a group of high strength alloys containing nickel and various other metals such as iron, titanium, chromium, cobalt and molybdenum. They have applications in aerospace engineering for the production of aircraft parts including jet engine components and turbine blades owing to their high strength. Nickel based superalloys find application in the manufacturing of pressure vessels & pipes on account of their excellent resistance to corrosion coupled with good weldability.
Application Insights:
The industrial application segment led the global heat resisting alloys market and accounted for more than 45.0% share of the overall revenue in 2017. The product is widely used in various industries including oil & gas, power generation, petrochemical, aerospace & defense on account of its excellent resistance to wear and tear caused due to high temperatures.
Aeronautical facilities are expected to be one of the fastest growing segments over the forecast period owing to increasing air traffic across various regions coupled with rising disposable income levels among consumers in emerging economies such as China India and Brazil will boost industry growth over next seven years. In addition nickel based superalloys are also used for manufacturing aircraft components which require extreme hardness at low cost which further boosts product demand globally heat resistant alloys market by region 2016%.
Regional Analysis:
North America was the leading market and accounted for over 35% of the global revenue in 2017. The region is expected to witness moderate growth rate over the forecast period owing to increasing demand from various end-use industries including aerospace & defense, oil & gas, automotive, and others. In North America, U.S., is anticipated to be a key consumer due to its dominant manufacturing sector followed by Canada with significant production of heat resistant alloys across various grades and applications as per customer requirements.
Europe was estimated as second largest regional segment accounting for 26% of total revenue share in 2017 on account of high product utilization across major economies namely Germany Italy France UK Russia Spain among other Eastern.
Growth Factors:
- Increasing demand from end-use industries such as aerospace, automotive and power generation
- Growing popularity of heat resistant alloys in the form of sheet, strip and wire products
- Rising investments by key players in research and development to develop new grades of heat resistant alloys
- Proliferation of advanced manufacturing technologies that help reduce manufacturing costs for these alloys
- increasing demand for high temperature applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Resisting Alloys Market Research Report
By Type
Iron Base Superalloy, Nickel Base Superalloy, Cobalt Base Superalloy
By Application
Aeronautical Facility, Industrial, Petrochemical Equipment, Others
By Companies
China Iron Steel Research Institute Group, Nippon Yakin Kogyo Co., Ltd., Haynes International, Hitachi Metals, Ltd., NewMet Ltd, Rolled Alloys, Fondinox SpA, Columbia Steel Casting Co, MS Engineering CO.,LTD., NeoNickel, Quality Castings Company, Gina Advanced Materials Corp. Ltd.
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Heat Resisting Alloys Market Report Segments:
The global Heat Resisting Alloys market is segmented on the basis of:
Types
Iron Base Superalloy, Nickel Base Superalloy, Cobalt Base 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
Aeronautical Facility, Industrial, Petrochemical Equipment, 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:
- China Iron Steel Research Institute Group
- Nippon Yakin Kogyo Co., Ltd.
- Haynes International
- Hitachi Metals, Ltd.
- NewMet Ltd
- Rolled Alloys
- Fondinox SpA
- Columbia Steel Casting Co
- MS Engineering CO.,LTD.
- NeoNickel
- Quality Castings Company
- Gina Advanced Materials Corp. Ltd.
Highlights of The Heat Resisting Alloys 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 Superalloy
- Nickel Base Superalloy
- Cobalt Base Superalloy
- By Application:
- Aeronautical Facility
- Industrial
- Petrochemical Equipment
- 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 Heat Resisting Alloys 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
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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?
Heat resisting alloys are materials that resist heat damage. They can be used in a variety of applications, such as aircrafts and automobiles.
Some of the key players operating in the heat resisting alloys market are China Iron Steel Research Institute Group, Nippon Yakin Kogyo Co., Ltd., Haynes International, Hitachi Metals, Ltd., NewMet Ltd, Rolled Alloys, Fondinox SpA, Columbia Steel Casting Co, MS Engineering CO.,LTD., NeoNickel, Quality Castings Company, Gina Advanced Materials Corp. Ltd..
The heat resisting alloys market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heat Resisting Alloys 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 Heat Resisting Alloys Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heat Resisting Alloys 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 Heat Resisting Alloys 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 Heat Resisting Alloys Market Size & Forecast, 2020-2028
4.5.1 Heat Resisting Alloys Market Size and Y-o-Y Growth
4.5.2 Heat Resisting Alloys Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Iron Base Superalloy
5.2.2 Nickel Base Superalloy
5.2.3 Cobalt Base Superalloy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Aeronautical Facility
6.2.2 Industrial
6.2.3 Petrochemical Equipment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heat Resisting Alloys 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 Heat Resisting Alloys 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Iron Base Superalloy
9.6.2 Nickel Base Superalloy
9.6.3 Cobalt Base Superalloy
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 Market Size Forecast by Applications
9.10.1 Aeronautical Facility
9.10.2 Industrial
9.10.3 Petrochemical Equipment
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Iron Base Superalloy
10.6.2 Nickel Base Superalloy
10.6.3 Cobalt Base Superalloy
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 Market Size Forecast by Applications
10.10.1 Aeronautical Facility
10.10.2 Industrial
10.10.3 Petrochemical Equipment
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Iron Base Superalloy
11.6.2 Nickel Base Superalloy
11.6.3 Cobalt Base Superalloy
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 Market Size Forecast by Applications
11.10.1 Aeronautical Facility
11.10.2 Industrial
11.10.3 Petrochemical Equipment
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Iron Base Superalloy
12.6.2 Nickel Base Superalloy
12.6.3 Cobalt Base Superalloy
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 Market Size Forecast by Applications
12.10.1 Aeronautical Facility
12.10.2 Industrial
12.10.3 Petrochemical Equipment
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Iron Base Superalloy
13.6.2 Nickel Base Superalloy
13.6.3 Cobalt Base Superalloy
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) Market Size Forecast by Applications
13.10.1 Aeronautical Facility
13.10.2 Industrial
13.10.3 Petrochemical Equipment
13.10.4 Others
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 Heat Resisting Alloys Market: Competitive Dashboard
14.2 Global Heat Resisting Alloys Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 China Iron Steel Research Institute Group
14.3.2 Nippon Yakin Kogyo Co., Ltd.
14.3.3 Haynes International
14.3.4 Hitachi Metals, Ltd.
14.3.5 NewMet Ltd
14.3.6 Rolled Alloys
14.3.7 Fondinox SpA
14.3.8 Columbia Steel Casting Co
14.3.9 MS Engineering CO.,LTD.
14.3.10 NeoNickel
14.3.11 Quality Castings Company
14.3.12 Gina Advanced Materials Corp. Ltd.
