Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Nickel-Titanium Shape Memory Alloys Market by Type (High Temperature Austenite Phase, Low Temperature Martensite Phase), By Application (Medical Applications, Aircraft Applications, Automotive, Home Appliance, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Nickel-Titanium Shape Memory Alloys Market by Type (High Temperature Austenite Phase, Low Temperature Martensite Phase), By Application (Medical Applications, Aircraft Applications, Automotive, Home Appliance, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 253504 4200 Chemical & Material 377 227 Pages 5 (43)
                                          

Market Overview:


The global nickel-titanium shape memory alloys market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for nickel-titanium shape memory alloys in medical applications, aircraft applications, automotive, home appliance and other industries. The high temperature austenite phase segment is expected to dominate the global nickel-titanium shape memory alloys market during the forecast period owing to its superior properties such as high strength and toughness at elevated temperatures.


Global Nickel-Titanium Shape Memory Alloys Industry Outlook


Product Definition:


Shape memory alloys are materials that can remember their original shape and return to it when heated. Nickel-titanium is one of the most common types of shape memory alloys. It is used in medical implants, such as pacemakers and artificial joints, because it can be bent or twisted without breaking and will return to its original shape when heated.


High Temperature Austenite Phase:


High temperature austenite phase is a solid solution formed between ferrite and nickel-titanium alloys at temperatures greater than room temperature. It has been observed that the addition of high amount of nickel and titanium results in significant increase in hardness, toughness, yield strength along with lowering Curie temperature. The phase transition from liquid to solid is associated with a change in shape as well as size of particles resulting from this transformation process being called shape memory effect or SME for short.


Low Temperature Martensite Phase:


Low temperature martensite phase is a new phase that was discovered in nickel-titanium shape memory alloys. It has been found to have several beneficial properties such as high strength, creep resistance, and wear resistance. The low temperature martensite phase has also been shown to improve the fatigue life of components made from other metals or alloys by absorbing energy during an impact event.


Application Insights:


The automotive application segment led the market and accounted for more than 30.0% share of the global volume in 2017. Nickel-titanium shape memory alloys are widely used in automobile components, such as airbags, seat belts, power steering systems and ignition switches among others. The growing need for lightweight vehicles to improve fuel efficiency is expected to drive the demand for nickel titanium alloys over other materials during manufacturing of automobiles.


Aircraft applications include use of nickel titanium alloys in critical structural components that require high strength at a reduced weight as compared to other conventional aircraft materials such as aluminum and steel.


Regional Analysis:


North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of major companies such as Nippon Steel & Sumitomo Metal Mining Co., Ltd, and Western Titanium, which are engaged in providing products for applications including aerospace, automotive and medical devices. The region is expected to witness significant growth over the forecast period owing to rising product demand from various end-use industries such as aerospace & defense, industrial machinery and transportation equipment.


Asia Pacific was estimated at USD X million in 2017.


Growth Factors:


  • Increasing demand for nickel-titanium shape memory alloys in medical implants and prostheses owing to its biocompatibility and superior mechanical properties.
  • Rising demand for nickel-titanium shape memory alloys from the aerospace industry due to their high strength-to-weight ratio and corrosion resistance.
  • Growing use of nickel-titanium shape memory alloys in dental braces, as they are nonmagnetic, lightweight, and have a low coefficient of friction.
  • Increasing adoption of nickel-titanium shape memory alloys in consumer electronics products such as mobile phones, laptops, tablets etc., due to their heat resistance properties.

Scope Of The Report

Report Attributes

Report Details

Report Title

Nickel-Titanium Shape Memory Alloys Market Research Report

By Type

High Temperature Austenite Phase, Low Temperature Martensite Phase

By Application

Medical Applications, Aircraft Applications, Automotive, Home Appliance, Others

By Companies

Nitinol Devices & Components, SAES Getters, G.RAU GmbH & Co. KG, ATI Wah-chang, Johnson Matthey, Fort Wayne Metals, Furukawa Electric, Nippon Steel & Sumitomo Metal, Nippon Seisen, Metalwerks PMD, Nitinol Devices & Components, Dynalloy, Grikin, PEIER Tech, Saite Metal, Smart, Baoji Seabird Metal, GEE

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

227

Number of Tables & Figures

159

Customization Available

Yes, the report can be customized as per your need.


Global Nickel-Titanium Shape Memory Alloys Market Report Segments:

The global Nickel-Titanium Shape Memory Alloys market is segmented on the basis of:

Types

High Temperature Austenite Phase, Low Temperature Martensite Phase

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

Medical Applications, Aircraft Applications, Automotive, Home Appliance, 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:

  1. Nitinol Devices & Components
  2. SAES Getters
  3. G.RAU GmbH & Co. KG
  4. ATI Wah-chang
  5. Johnson Matthey
  6. Fort Wayne Metals
  7. Furukawa Electric
  8. Nippon Steel & Sumitomo Metal
  9. Nippon Seisen
  10. Metalwerks PMD
  11. Nitinol Devices & Components
  12. Dynalloy
  13. Grikin
  14. PEIER Tech
  15. Saite Metal
  16. Smart
  17. Baoji Seabird Metal
  18. GEE

Global Nickel-Titanium Shape Memory Alloys Market Overview


Highlights of The Nickel-Titanium Shape Memory Alloys Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. High Temperature Austenite Phase
    2. Low Temperature Martensite Phase
  1. By Application:

    1. Medical Applications
    2. Aircraft Applications
    3. Automotive
    4. Home Appliance
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Nickel-Titanium Shape Memory 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.

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Global Nickel-Titanium Shape Memory Alloys Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Nickel-Titanium Shape Memory Alloys are a type of metal that can change their shape when heated or cooled. This allows them to be used in products like watches and bicycles, which need to be able to move easily and quickly.

Some of the major players in the nickel-titanium shape memory alloys market are Nitinol Devices & Components, SAES Getters, G.RAU GmbH & Co. KG, ATI Wah-chang, Johnson Matthey, Fort Wayne Metals, Furukawa Electric, Nippon Steel & Sumitomo Metal, Nippon Seisen, Metalwerks PMD, Nitinol Devices & Components, Dynalloy, Grikin, PEIER Tech, Saite Metal, Smart, Baoji Seabird Metal, GEE.

The nickel-titanium shape memory alloys market is expected to register a CAGR of 7.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nickel-Titanium Shape Memory 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 Nickel-Titanium Shape Memory Alloys Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Nickel-Titanium Shape Memory 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 Nickel-Titanium Shape Memory 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 Nickel-Titanium Shape Memory Alloys Market Size & Forecast, 2018-2028       4.5.1 Nickel-Titanium Shape Memory Alloys Market Size and Y-o-Y Growth       4.5.2 Nickel-Titanium Shape Memory Alloys Market Absolute $ Opportunity

Chapter 5 Global Nickel-Titanium Shape Memory Alloys 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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Type
      5.2.1 High Temperature Austenite Phase
      5.2.2 Low Temperature Martensite Phase
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Nickel-Titanium Shape Memory Alloys 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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Applications
      6.2.1 Medical Applications
      6.2.2 Aircraft Applications
      6.2.3 Automotive
      6.2.4 Home Appliance
      6.2.5 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Nickel-Titanium Shape Memory 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 Nickel-Titanium Shape Memory 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 Nickel-Titanium Shape Memory Alloys Analysis and Forecast
   9.1 Introduction
   9.2 North America Nickel-Titanium Shape Memory Alloys 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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Type
      9.6.1 High Temperature Austenite Phase
      9.6.2 Low Temperature Martensite Phase
   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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Applications
      9.10.1 Medical Applications
      9.10.2 Aircraft Applications
      9.10.3 Automotive
      9.10.4 Home Appliance
      9.10.5 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 Nickel-Titanium Shape Memory Alloys Analysis and Forecast
   10.1 Introduction
   10.2 Europe Nickel-Titanium Shape Memory Alloys 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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Type
      10.6.1 High Temperature Austenite Phase
      10.6.2 Low Temperature Martensite Phase
   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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Applications
      10.10.1 Medical Applications
      10.10.2 Aircraft Applications
      10.10.3 Automotive
      10.10.4 Home Appliance
      10.10.5 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 Nickel-Titanium Shape Memory Alloys Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Nickel-Titanium Shape Memory Alloys 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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Type
      11.6.1 High Temperature Austenite Phase
      11.6.2 Low Temperature Martensite Phase
   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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Applications
      11.10.1 Medical Applications
      11.10.2 Aircraft Applications
      11.10.3 Automotive
      11.10.4 Home Appliance
      11.10.5 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 Nickel-Titanium Shape Memory Alloys Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Nickel-Titanium Shape Memory Alloys 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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Type
      12.6.1 High Temperature Austenite Phase
      12.6.2 Low Temperature Martensite Phase
   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 Nickel-Titanium Shape Memory Alloys Market Size Forecast by Applications
      12.10.1 Medical Applications
      12.10.2 Aircraft Applications
      12.10.3 Automotive
      12.10.4 Home Appliance
      12.10.5 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) Nickel-Titanium Shape Memory Alloys Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Nickel-Titanium Shape Memory Alloys 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) Nickel-Titanium Shape Memory Alloys Market Size Forecast by Type
      13.6.1 High Temperature Austenite Phase
      13.6.2 Low Temperature Martensite Phase
   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) Nickel-Titanium Shape Memory Alloys Market Size Forecast by Applications
      13.10.1 Medical Applications
      13.10.2 Aircraft Applications
      13.10.3 Automotive
      13.10.4 Home Appliance
      13.10.5 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 Nickel-Titanium Shape Memory Alloys Market: Competitive Dashboard
   14.2 Global Nickel-Titanium Shape Memory Alloys Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Nitinol Devices & Components
      14.3.2 SAES Getters
      14.3.3 G.RAU GmbH & Co. KG
      14.3.4 ATI Wah-chang
      14.3.5 Johnson Matthey
      14.3.6 Fort Wayne Metals
      14.3.7 Furukawa Electric
      14.3.8 Nippon Steel & Sumitomo Metal
      14.3.9 Nippon Seisen
      14.3.10 Metalwerks PMD
      14.3.11 Nitinol Devices & Components
      14.3.12 Dynalloy
      14.3.13 Grikin
      14.3.14 PEIER Tech
      14.3.15 Saite Metal
      14.3.16 Smart
      14.3.17 Baoji Seabird Metal
      14.3.18 GEE

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