Market Overview:
The global iron-based superalloy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The increasing demand for iron-based superalloys from the aerospace, electronics, industrial, automotive and oil & gas industries is driving the growth of this market. The high strength and corrosion resistance properties of these alloys make them suitable for use in various applications in these industries. North America is expected to be the largest market for iron-based superalloys during the forecast period followed by Europe and Asia Pacific.
Product Definition:
An iron-based superalloy is a type of high-performance metal alloy that contains a significant amount of iron. These alloys are typically used in applications where high temperatures and corrosive environments are present. Iron-based superalloys have many desirable properties, including resistance to wear and tear, corrosion, and heat. They can also withstand extreme temperatures without losing their structural integrity or becoming brittle.
Iron-Nickel Alloy:
Iron-nickel alloys are materials consisting of nickel and iron. Nickel and iron when alloyed together form a material having properties similar to that of pure metals but with improved toughness, strength, wear resistance, high temperature stability etc. Iron-nickel alloys have applications in various end-use industries such as transportation (axles), energy & power generation industries; chemical industry; construction industry; aerospace & defense industry etc.
Ferromanganese Alloy:
Ferromanganese alloy is a combination of manganese and iron. It has high Manganese content which makes it an ideal material for use in ferroalloys. Ferromanganese alloys are used as additives in iron based superalloys to improve specific properties such as corrosion resistance, strength, toughness or wear resistance.
Application Insights:
The industrial application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The product has a wide range of applications in industries such as oil & gas, automotive, construction, and others. It is used for manufacturing components that require high wear resistance along with excellent toughness.
Aerospace was the second-largest segment accounting for a volume share of 29% in 2017 owing to increasing use of alloys for reducing weight and increasing fuel efficiency among other benefits offered by these materials. The product also finds applications as structural components due to its excellent strength-to-weight ratio which helps reduce overall aircraft weight resulting in increased fuel efficiency along with reduced emissions during take off and landing operations leading to lower operating costs associated with them over conventional aircraft parts made from steel or aluminum alloys.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Nippon Steel & Sumitomo Metal Corporation, (NSSMC) Ltd., JFE Corporation, and POSCO has resulted in high demand for these products from end-use industries such as aerospace, automotive, industrial machinery etc.
The growing manufacturing sector coupled with increasing investments in defense & aerospace industry by China and India are some of the major factors contributing towards growth of this regional market. In addition to it, favorable government policies regarding FDI have attracted various multinational companies which has further propelled product consumption across this region.
Europe was estimated at USD X million in 2017 owing to high demand from several major end-use industries including oil & gas; construction; automotive; energy storage systems; wind turbines etc.).
Growth Factors:
- Increasing demand for Iron Based Superalloy in the aerospace and defense sectors due to its superior properties such as high strength, corrosion resistance, and thermal stability.
- Growing demand for Iron Based Superalloy in the power generation sector due to its ability to withstand high temperatures and corrosive environments.
- Rising demand from the automotive sector for use in engine components that require high-temperature performance characteristics.
- Increasing adoption of Iron Based Superalloy by manufacturers of gas turbines owing to its superior mechanical properties at elevated temperatures.
- Growing popularity of Iron Based Superalloys among consumers owing to their low weight and excellent heat dissipation capabilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Iron Based Superalloy Market Research Report
By Type
Iron-Nickel Alloy, Ferromanganese Alloy
By Application
Aerospace, Electronics, Industrial, Automotive, Oil & Gas, Others
By Companies
Precision Castparts Corporation, ATI, Haynes, Carpenter, Aperam, Eramet Group, AMG, Hitachi Metals, CMK Group, VDM, Precision Castparts Corporation, 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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Iron Based Superalloy Market Report Segments:
The global Iron Based Superalloy market is segmented on the basis of:
Types
Iron-Nickel Alloy, Ferromanganese 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
Aerospace, Electronics, 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
- Precision Castparts Corporation
- Doncasters
- Acronic
- VSMPO-AVISMA
- Fushun Special Steel
- CISRI Gaona
- BaoSteel
- ANSTEEL
- Zhongke Sannai
Highlights of The Iron Based 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-Nickel Alloy
- Ferromanganese Alloy
- By Application:
- Aerospace
- Electronics
- 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 Iron Based 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Iron based superalloys are alloys that contain iron and one or more other elements in a ratio that allows the alloy to resist corrosion.
Some of the major players in the iron based superalloy market are Precision Castparts Corporation, ATI, Haynes, Carpenter, Aperam, Eramet Group, AMG, Hitachi Metals, CMK Group, VDM, Precision Castparts Corporation, Doncasters, Acronic, VSMPO-AVISMA, Fushun Special Steel, CISRI Gaona, BaoSteel, ANSTEEL, Zhongke Sannai.
The iron based superalloy market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Iron Based Superalloy 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 Iron Based Superalloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Iron Based Superalloy 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 Iron Based Superalloy 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 Iron Based Superalloy Market Size & Forecast, 2018-2028
4.5.1 Iron Based Superalloy Market Size and Y-o-Y Growth
4.5.2 Iron Based Superalloy Market Absolute $ Opportunity
Chapter 5 Global Iron Based Superalloy 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 Iron Based Superalloy Market Size Forecast by Type
5.2.1 Iron-Nickel Alloy
5.2.2 Ferromanganese Alloy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Iron Based Superalloy 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 Iron Based Superalloy Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Electronics
6.2.3 Industrial
6.2.4 Automotive
6.2.5 Oil & Gas
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Iron Based Superalloy 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 Iron Based Superalloy 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 Iron Based Superalloy Analysis and Forecast
9.1 Introduction
9.2 North America Iron Based Superalloy 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 Iron Based Superalloy Market Size Forecast by Type
9.6.1 Iron-Nickel Alloy
9.6.2 Ferromanganese 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 Iron Based Superalloy Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Electronics
9.10.3 Industrial
9.10.4 Automotive
9.10.5 Oil & Gas
9.10.6 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 Iron Based Superalloy Analysis and Forecast
10.1 Introduction
10.2 Europe Iron Based Superalloy 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 Iron Based Superalloy Market Size Forecast by Type
10.6.1 Iron-Nickel Alloy
10.6.2 Ferromanganese 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 Iron Based Superalloy Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Electronics
10.10.3 Industrial
10.10.4 Automotive
10.10.5 Oil & Gas
10.10.6 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 Iron Based Superalloy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Iron Based Superalloy 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 Iron Based Superalloy Market Size Forecast by Type
11.6.1 Iron-Nickel Alloy
11.6.2 Ferromanganese 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 Iron Based Superalloy Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Electronics
11.10.3 Industrial
11.10.4 Automotive
11.10.5 Oil & Gas
11.10.6 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 Iron Based Superalloy Analysis and Forecast
12.1 Introduction
12.2 Latin America Iron Based Superalloy 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 Iron Based Superalloy Market Size Forecast by Type
12.6.1 Iron-Nickel Alloy
12.6.2 Ferromanganese 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 Iron Based Superalloy Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Electronics
12.10.3 Industrial
12.10.4 Automotive
12.10.5 Oil & Gas
12.10.6 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) Iron Based Superalloy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Iron Based Superalloy 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) Iron Based Superalloy Market Size Forecast by Type
13.6.1 Iron-Nickel Alloy
13.6.2 Ferromanganese 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) Iron Based Superalloy Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Electronics
13.10.3 Industrial
13.10.4 Automotive
13.10.5 Oil & Gas
13.10.6 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 Iron Based Superalloy Market: Competitive Dashboard
14.2 Global Iron Based Superalloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Precision Castparts Corporation
14.3.2 ATI
14.3.3 Haynes
14.3.4 Carpenter
14.3.5 Aperam
14.3.6 Eramet Group
14.3.7 AMG
14.3.8 Hitachi Metals
14.3.9 CMK Group
14.3.10 VDM
14.3.11 Precision Castparts Corporation
14.3.12 Doncasters
14.3.13 Acronic
14.3.14 VSMPO-AVISMA
14.3.15 Fushun Special Steel
14.3.16 CISRI Gaona
14.3.17 BaoSteel
14.3.18 ANSTEEL
14.3.19 Zhongke Sannai
