Market Overview:
The global nitinol wire market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for medical instruments, rising awareness about nitinol wire in consumer goods, and growing demand for aerospace and defense applications. Nitinol wire is a nickel-titanium alloy that exhibits shape memory effect (SME). This property makes it an ideal material for various applications such as medical devices, aerospace and defense components, automotive parts, and consumer goods.
Product Definition:
Nitinol wire is a nickel-titanium alloy that has two unique properties: it can be bent to shape and then will hold its new form, and it will return to its original shape when heated. Nitinol wire is used in many medical devices, including stents, catheters, and pacemakers. It is also used in springs and watchbands.
Diameter Below 0.2mm:
Diameter below 0.2mm is used in the manufacturing of wire for applications such as dental, orthopedic and neurological implants. The nitinol (NIN) wires are widely used in medical devices to support surgical procedures due to their biocompatibility, corrosion resistance and high mechanical strength.
0.2-1mm:
0.2-1mm refers to the range of Nitinol (NIT) wires that are produced in a wide range of diameters and have applications in medical, aerospace, defense & security sectors. The product is available with different coating such as stainless steel, copper & silver and also has an option for 0.2-1mm diameter coated NIT wire with either standard or premium coatings depending on the requirement by the end user application.
Application Insights:
Aerospace and defense industry was the largest application segment in 2016, accounting for a market share of over 35% by revenue. Rising use of nitinol wires in aircraft components such as wire rope, cables, stringers and fasteners is expected to drive the demand over the forecast period. In addition, increasing use of these products in manufacturing aerospace components such as landing gear doors and wings is anticipated to further boost product consumption during the study period.
Medical instruments was another prominent application segment accounting for a significant market share in 2016 owing to rising product applications including sutures made from nickel titanium alloy that are used for surgical procedures due to its biocompatibility properties. Furthermore, it has been widely used as artificial ligaments & tendons owing to its high strength-to-weight ratio which makes it suitable for medical implants applications across various end-use industries globally.
Regional Analysis:
Asia Pacific was the largest market for global nitinol wire, accounting for a revenue share of over 35.0% in 2017. The region is expected to continue its dominance over the forecast period as well due to increasing demand from various end-use industries such as aerospace and defense, automotive, medical devices and consumer goods.
The presence of key aircraft manufacturers such as Boeing Co.; Airbus S.A.; Embraer S/A; Tianjin Airlines Company Limited; and AVIC Aircraft Industrial Corporation Ltd., in China has led to an increase in demand from the regional aviation industry which is anticipated to have a positive impact on market growth over the next eight years.
North America accounted for more than 20% of total revenue share in 2017 owing to high product adoption by several major players operating within this region coupled with rising R&D activities relatedto aerospace & defense sector mainly carried out by U.S.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Nitinol wire is increasingly being used in minimally invasive surgeries as it is flexible and can be easily maneuvered through small incisions. This is driving the growth of the nitinol wire market.
- Rising demand from medical device manufacturers: The growing demand for medical devices has led to an increase in the use of nitinol wire in various applications such as stents, catheters, and other implantable devices. This is propelling the growth of the nitinol wire market.
- Growing popularity of shape memory alloys: Nitinol wires are made up of shape memory alloys which have unique properties that make them suitable for a variety of applications such as biomedical implants, aerospace engineering, and defense industry among others. This is fueling the growth of the nitinol wire market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitinol Wire Market Research Report
By Type
Diameter Below 0.2mm, 0.2-1mm, 1-2mm, Above 2mm
By Application
Medical Instruments, Aerospace and Defense Industry, Automotive Industry, Consumer Goods (Eyeglass Frame, Fishing Line, etc), Other
By Companies
SAES Getters, ATI, Nippon Steel, Daido Steel, Dynalloy, Baoji Seabird Metal, Confluent Medical (NDC), PeierTech, Johnson Matthey, SMA Wires India, Furukawa, Xian Saite Metal Materials Development Co.,Ltd, Lanzhou Seemine
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Nitinol Wire Market Report Segments:
The global Nitinol Wire market is segmented on the basis of:
Types
Diameter Below 0.2mm, 0.2-1mm, 1-2mm, Above 2mm
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 Instruments, Aerospace and Defense Industry, Automotive Industry, Consumer Goods (Eyeglass Frame, Fishing Line, etc), 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:
- SAES Getters
- ATI
- Nippon Steel
- Daido Steel
- Dynalloy
- Baoji Seabird Metal
- Confluent Medical (NDC)
- PeierTech
- Johnson Matthey
- SMA Wires India
- Furukawa
- Xian Saite Metal Materials Development Co.,Ltd
- Lanzhou Seemine
Highlights of The Nitinol Wire 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:
- Diameter Below 0.2mm
- 0.2-1mm
- 1-2mm
- Above 2mm
- By Application:
- Medical Instruments
- Aerospace and Defense Industry
- Automotive Industry
- Consumer Goods (Eyeglass Frame, Fishing Line, etc)
- 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 Nitinol Wire 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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- Correctly Positioning New Products
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- Product & Brand Management
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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?
Nitinol wire is a type of metal wire that is made from nickel and titanium. Nitinol wires are often used in medical devices because they are strong and durable.
Some of the major players in the nitinol wire market are SAES Getters, ATI, Nippon Steel, Daido Steel, Dynalloy, Baoji Seabird Metal, Confluent Medical (NDC), PeierTech, Johnson Matthey, SMA Wires India, Furukawa, Xian Saite Metal Materials Development Co.,Ltd, Lanzhou Seemine.
The nitinol wire 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 Nitinol Wire 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 Nitinol Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nitinol Wire 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 Nitinol Wire 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 Nitinol Wire Market Size & Forecast, 2018-2028
4.5.1 Nitinol Wire Market Size and Y-o-Y Growth
4.5.2 Nitinol Wire Market Absolute $ Opportunity
Chapter 5 Global Nitinol Wire 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 Nitinol Wire Market Size Forecast by Type
5.2.1 Diameter Below 0.2mm
5.2.2 0.2-1mm
5.2.3 1-2mm
5.2.4 Above 2mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nitinol Wire 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 Nitinol Wire Market Size Forecast by Applications
6.2.1 Medical Instruments
6.2.2 Aerospace and Defense Industry
6.2.3 Automotive Industry
6.2.4 Consumer Goods (Eyeglass Frame
6.2.5 Fishing Line
6.2.6 etc)
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitinol Wire 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 Nitinol Wire 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 Nitinol Wire Analysis and Forecast
9.1 Introduction
9.2 North America Nitinol Wire 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 Nitinol Wire Market Size Forecast by Type
9.6.1 Diameter Below 0.2mm
9.6.2 0.2-1mm
9.6.3 1-2mm
9.6.4 Above 2mm
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 Nitinol Wire Market Size Forecast by Applications
9.10.1 Medical Instruments
9.10.2 Aerospace and Defense Industry
9.10.3 Automotive Industry
9.10.4 Consumer Goods (Eyeglass Frame
9.10.5 Fishing Line
9.10.6 etc)
9.10.7 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 Nitinol Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Nitinol Wire 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 Nitinol Wire Market Size Forecast by Type
10.6.1 Diameter Below 0.2mm
10.6.2 0.2-1mm
10.6.3 1-2mm
10.6.4 Above 2mm
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 Nitinol Wire Market Size Forecast by Applications
10.10.1 Medical Instruments
10.10.2 Aerospace and Defense Industry
10.10.3 Automotive Industry
10.10.4 Consumer Goods (Eyeglass Frame
10.10.5 Fishing Line
10.10.6 etc)
10.10.7 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 Nitinol Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nitinol Wire 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 Nitinol Wire Market Size Forecast by Type
11.6.1 Diameter Below 0.2mm
11.6.2 0.2-1mm
11.6.3 1-2mm
11.6.4 Above 2mm
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 Nitinol Wire Market Size Forecast by Applications
11.10.1 Medical Instruments
11.10.2 Aerospace and Defense Industry
11.10.3 Automotive Industry
11.10.4 Consumer Goods (Eyeglass Frame
11.10.5 Fishing Line
11.10.6 etc)
11.10.7 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 Nitinol Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Nitinol Wire 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 Nitinol Wire Market Size Forecast by Type
12.6.1 Diameter Below 0.2mm
12.6.2 0.2-1mm
12.6.3 1-2mm
12.6.4 Above 2mm
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 Nitinol Wire Market Size Forecast by Applications
12.10.1 Medical Instruments
12.10.2 Aerospace and Defense Industry
12.10.3 Automotive Industry
12.10.4 Consumer Goods (Eyeglass Frame
12.10.5 Fishing Line
12.10.6 etc)
12.10.7 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) Nitinol Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nitinol Wire 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) Nitinol Wire Market Size Forecast by Type
13.6.1 Diameter Below 0.2mm
13.6.2 0.2-1mm
13.6.3 1-2mm
13.6.4 Above 2mm
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) Nitinol Wire Market Size Forecast by Applications
13.10.1 Medical Instruments
13.10.2 Aerospace and Defense Industry
13.10.3 Automotive Industry
13.10.4 Consumer Goods (Eyeglass Frame
13.10.5 Fishing Line
13.10.6 etc)
13.10.7 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 Nitinol Wire Market: Competitive Dashboard
14.2 Global Nitinol Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAES Getters
14.3.2 ATI
14.3.3 Nippon Steel
14.3.4 Daido Steel
14.3.5 Dynalloy
14.3.6 Baoji Seabird Metal
14.3.7 Confluent Medical (NDC)
14.3.8 PeierTech
14.3.9 Johnson Matthey
14.3.10 SMA Wires India
14.3.11 Furukawa
14.3.12 Xian Saite Metal Materials Development Co.,Ltd
14.3.13 Lanzhou Seemine
