Market Overview:
The global new 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 new superalloys from the aerospace and gas turbine industries, owing to their superior properties such as high strength, corrosion resistance, and thermal stability. In addition, the growing demand for automobiles and industrial machinery is also contributing to the growth of this market. Based on type, the global new superalloy market can be segmented into powder superalloys, intermetallic compounds (IMCs), oxide dispersion strengthened (ODS) alloys, high-temperature metal self-moistening materials (HTSMMs), and other types. The powder superalloys segment is expected to account for the largest share of this market in 2018 due to its superior properties such as high strength and thermal stability. By application, the aerospace industry is expected to account for the largest share of this market in 2018 followed by gas turbines and automobiles.
Product Definition:
A new superalloy is a material that has been specifically designed and engineered to have extraordinary properties that exceed those of traditional alloys. New superalloys are often used in high-performance applications where traditional alloys would not be strong or durable enough. Some of the most important properties of new superalloys include high strength, resistance to wear and corrosion, and thermal stability.
Powder Superalloy:
Powder superalloys are a special class of materials designed to improve the properties of conventional alloys. They possess unique mechanical, physical and chemical characteristics which set them apart from other metals and alloys. Powder superalloy consists mainly of ferrite, boron carbide, silicomanganese and carbon with small percentage additions of manganese, nickel & titanium.
Intermetallic Compound:
Intermetallic compound is a material that exists between two different metals. It has properties of both metals and is used to reduce or avoid the cost of raw materials in refractory products manufacturing.
The most common example of intermetallic compounds are probably ferroalloys and stainless steel alloys, which contain iron, chromium, nickel and titanium among others.
Application Insights:
Aero-engine was the largest application segment in 2017 and will continue to be dominant over the forecast period. Growing use of new superalloys in critical components of an engine, such as turbine blades, vanes, and exhaust systems is expected to drive product demand. In addition, these alloys are used for manufacturing high pressure turbine stages that are installed on aero-propulsion engines developed by major manufacturers including Airbus SE & United Technologies Corporation.
Gas turbines segment is also anticipated to grow at a significant rate owing to its rising use in power generation equipment such as gas generators and steam turbines coupled with growing environmental concerns regarding greenhouse gas emissions from fossil fuel combustion devices. New superalloys enable higher operating temperatures than other materials while reducing overall weight which makes them ideal for gas turbine applications where low weight is crucial for improved performance.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing foreign investments in various sectors such as aerospace & defense, automotive, energy & power, construction industry etc. In addition, rising population coupled with growing consumerism has led to an increase in demand for automobiles which will further propel product demand over the coming years.
The European market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 due its high consumption of superalloys used for manufacturing gas turbines that generate electricity for households and industries among others across countries such as Germany, France Italy Russia etc. Moreover; Europe has been one of the largest producers of motor vehicles including passenger cars since 2010s on account of technological developments along with increased R&D activities by major companies pertaining towards production cost-effective electric vehicles which will drive product growth further over next eight years.
Growth Factors:
- Increasing demand from the aerospace and defense industry for high-performance alloys that can withstand extreme conditions is expected to drive the growth of the New Superalloy market.
- The increasing demand for New Superalloys in the automotive industry due to their superior properties, such as heat resistance and corrosion resistance is also projected to fuel market growth during the forecast period.
- Growing investments in research and development activities by leading players is anticipated to propel innovation in New Superalloy products, which will subsequently boost market growth over the next few years.
- Rising awareness about the benefits of using New Superalloys across various industries is likely to create new opportunities for market expansion in forthcoming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
New Superalloy Market Research Report
By Type
Powder Superalloy, Intermetallic Compound, ODS alloy, High Temperature Metal Self - Moistening Materials, Other
By Application
Aero-Engine, Gas Turbine, Automobile, Industrial, Other
By Companies
Haynes International Inc, Cannon-Muskegon Corporation, Special Metals Corporation, Carpenter Technology Corporation, Allegheny Technologies Incorporated, General Electric, Pratt & Whitney, Rolls-Royce, Cisri-Gaona, Fushun Special Steel, Jiangsu ToLand Alloy, Western Superconducting Technologies, Wedge, Tokyo, NIPPON STEEL CORPORATION, JFE
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global New Superalloy Market Report Segments:
The global New Superalloy market is segmented on the basis of:
Types
Powder Superalloy, Intermetallic Compound, ODS alloy, High Temperature Metal Self - Moistening Materials, Other
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
Aero-Engine, Gas Turbine, Automobile, Industrial, Other
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:
- Haynes International Inc
- Cannon-Muskegon Corporation
- Special Metals Corporation
- Carpenter Technology Corporation
- Allegheny Technologies Incorporated
- General Electric
- Pratt & Whitney
- Rolls-Royce
- Cisri-Gaona
- Fushun Special Steel
- Jiangsu ToLand Alloy
- Western Superconducting Technologies
- Wedge
- Tokyo
- NIPPON STEEL CORPORATION
- JFE
Highlights of The New 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:
- Powder Superalloy
- Intermetallic Compound
- ODS alloy
- High Temperature Metal Self - Moistening Materials
- Other
- By Application:
- Aero-Engine
- Gas Turbine
- Automobile
- Industrial
- Other
- 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 New 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?
New Superalloy is a type of alloy that is made from a variety of metals and has properties that make it better than other alloys. It can be stronger, have a higher melting point, and resist corrosion.
Some of the major players in the new superalloy market are Haynes International Inc, Cannon-Muskegon Corporation, Special Metals Corporation, Carpenter Technology Corporation, Allegheny Technologies Incorporated, General Electric, Pratt & Whitney, Rolls-Royce, Cisri-Gaona, Fushun Special Steel, Jiangsu ToLand Alloy, Western Superconducting Technologies, Wedge, Tokyo, NIPPON STEEL CORPORATION, JFE.
The new superalloy 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 New 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 New Superalloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 New 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 New 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 New Superalloy Market Size & Forecast, 2018-2028
4.5.1 New Superalloy Market Size and Y-o-Y Growth
4.5.2 New Superalloy Market Absolute $ Opportunity
Chapter 5 Global New 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 New Superalloy Market Size Forecast by Type
5.2.1 Powder Superalloy
5.2.2 Intermetallic Compound
5.2.3 ODS alloy
5.2.4 High Temperature Metal Self - Moistening Materials
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global New 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 New Superalloy Market Size Forecast by Applications
6.2.1 Aero-Engine
6.2.2 Gas Turbine
6.2.3 Automobile
6.2.4 Industrial
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global New 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 New 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 New Superalloy Analysis and Forecast
9.1 Introduction
9.2 North America New 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 New Superalloy Market Size Forecast by Type
9.6.1 Powder Superalloy
9.6.2 Intermetallic Compound
9.6.3 ODS alloy
9.6.4 High Temperature Metal Self - Moistening Materials
9.6.5 Other
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 New Superalloy Market Size Forecast by Applications
9.10.1 Aero-Engine
9.10.2 Gas Turbine
9.10.3 Automobile
9.10.4 Industrial
9.10.5 Other
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 New Superalloy Analysis and Forecast
10.1 Introduction
10.2 Europe New 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 New Superalloy Market Size Forecast by Type
10.6.1 Powder Superalloy
10.6.2 Intermetallic Compound
10.6.3 ODS alloy
10.6.4 High Temperature Metal Self - Moistening Materials
10.6.5 Other
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 New Superalloy Market Size Forecast by Applications
10.10.1 Aero-Engine
10.10.2 Gas Turbine
10.10.3 Automobile
10.10.4 Industrial
10.10.5 Other
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 New Superalloy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific New 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 New Superalloy Market Size Forecast by Type
11.6.1 Powder Superalloy
11.6.2 Intermetallic Compound
11.6.3 ODS alloy
11.6.4 High Temperature Metal Self - Moistening Materials
11.6.5 Other
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 New Superalloy Market Size Forecast by Applications
11.10.1 Aero-Engine
11.10.2 Gas Turbine
11.10.3 Automobile
11.10.4 Industrial
11.10.5 Other
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 New Superalloy Analysis and Forecast
12.1 Introduction
12.2 Latin America New 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 New Superalloy Market Size Forecast by Type
12.6.1 Powder Superalloy
12.6.2 Intermetallic Compound
12.6.3 ODS alloy
12.6.4 High Temperature Metal Self - Moistening Materials
12.6.5 Other
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 New Superalloy Market Size Forecast by Applications
12.10.1 Aero-Engine
12.10.2 Gas Turbine
12.10.3 Automobile
12.10.4 Industrial
12.10.5 Other
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) New Superalloy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) New 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) New Superalloy Market Size Forecast by Type
13.6.1 Powder Superalloy
13.6.2 Intermetallic Compound
13.6.3 ODS alloy
13.6.4 High Temperature Metal Self - Moistening Materials
13.6.5 Other
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) New Superalloy Market Size Forecast by Applications
13.10.1 Aero-Engine
13.10.2 Gas Turbine
13.10.3 Automobile
13.10.4 Industrial
13.10.5 Other
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 New Superalloy Market: Competitive Dashboard
14.2 Global New Superalloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haynes International Inc
14.3.2 Cannon-Muskegon Corporation
14.3.3 Special Metals Corporation
14.3.4 Carpenter Technology Corporation
14.3.5 Allegheny Technologies Incorporated
14.3.6 General Electric
14.3.7 Pratt & Whitney
14.3.8 Rolls-Royce
14.3.9 Cisri-Gaona
14.3.10 Fushun Special Steel
14.3.11 Jiangsu ToLand Alloy
14.3.12 Western Superconducting Technologies
14.3.13 Wedge
14.3.14 Tokyo
14.3.15 NIPPON STEEL CORPORATION
14.3.16 JFE
