Market Overview:
The global spherical superalloy powder market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for nickel-based alloys and cobalt-based alloys in the aerospace and nuclear energy industries. In addition, the growing demand for oil industry is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing these powders may restrain the growth of this market during the forecast period. Based on type, nickel-based alloys are expected to dominate this market during 2018–2030 owing to their high strength and corrosion resistance properties as compared with other types of alloy powders. Based on application, aerospace is projected to be one of fastest growing applications segment during 2018–2030 due its increasing demand from commercial airlines and defense sectors across different regions worldwide. North America dominates this global spherical superalloy powder market followed by Europe and Asia Pacific region respectively due To presence major key players such as Allegheny Technologies Incorporated (U S), Carpenter Technology Corporation (U S), Haynes International Incorporation (U S) etc.
Product Definition:
A spherical superalloy powder is a type of metal alloy that has been ground into tiny spheres for use in manufacturing. Spherical superalloy powders are used in a variety of applications, including the production of jet engine parts and other high-performance components. The small size and uniform shape of the powder particles helps to ensure even distribution and consistent performance.
Ni-based Alloy:
Ni-based alloys are used in the production of spherically-shaped superalloys. Niobium and titanium are the key raw materials involved in the production of these products. The spherical shape of these superalloys makes them suitable for use as fuel elements in gas turbines, jet engines, and nuclear power plants.
The demand for high strength steel is increasing owing to growing infrastructure activities across various end-use industries such as construction, automotive & transportation and consumer goods industry.
Co-based Alloy:
Co-based alloys include nickel, chromium, cobalt and molybdenum. These metals are used in powder form for the production of high performance steel parts due to their excellent properties such as corrosion resistance and wear resistance. Co-based alloys have a low density compared to carbon base materials which results in increased volume efficiency leading to higher productivity. The material is cost competitive with carbon based materials owing to its lower processing costs and abundant availability resulting in large scale adoption globally.
Application Insights:
The aerospace application segment accounted for the largest share of more than 40.0% in 2017 and is projected to witness significant growth over the forecast period. The rising demand for high-performance alloys in aircraft turbines, primary & secondary blades, and other components is expected to drive industry expansion over the coming years.
The product has a low melting point which makes it suitable for use as an alloying agent in various alloys used in turbine blades of commercial aircraft including Boeing 777, Airbus A330/A340 and Lockheed Martin F-35 Lightning II. In addition, increasing utilization of these powders with titanium & aluminum results into highly durable alloys that are resistant to corrosion under atmospheric conditions is anticipated to propel industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from nuclear power plants, aerospace industry, and other industries. China is one of the largest consumers of these products owing to high steel production in that country.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2017 owing to growing product demand from various end-use industries including aerospace & defense, oil & gas sector, automotive sector as well as construction industry. Growing investments by governments for developing advanced technologies are anticipated to fuel market growth over the projected period.
North America also had a significant share due to increasing use spherically-rolled superalloys with high strength properties along with corrosion resistance ability used across major applications such as turbines and motors coupled with heat resistant properties required during manufacturing process equipment such as compressors and fans among others).
Growth Factors:
- Increasing demand for spherical superalloy powder in the aerospace and defense industries due to its superior properties such as high strength, corrosion resistance, and thermal stability.
- Rising demand from the automotive industry for lightweight components that can improve fuel efficiency.
- Growing use of spherical superalloy powder in medical implants and other biomedical applications due to its biocompatibility and corrosion resistance properties.
- Increasing adoption of spherical superalloy powder in energy-efficient lighting systems owing to its heat dissipation capabilities.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spherical Superalloy Powder Market Research Report
By Type
Ni-based Alloy, Co-based Alloy, Other
By Application
Aerospace, Nuclear Energy, Oil Industry, Other
By Companies
Beijing Youxinglian Nonferrous Metals, Zhejiang Asia General Soldering & Brazing Material, Ningbo CAEP-Lituo Superfine Materials, Funcmater, Tekna, Heraeus
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Spherical Superalloy Powder Market Report Segments:
The global Spherical Superalloy Powder market is segmented on the basis of:
Types
Ni-based Alloy, Co-based Alloy, 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
Aerospace, Nuclear Energy, Oil Industry, 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:
- Beijing Youxinglian Nonferrous Metals
- Zhejiang Asia General Soldering & Brazing Material
- Ningbo CAEP-Lituo Superfine Materials
- Funcmater
- Tekna
- Heraeus
Highlights of The Spherical Superalloy Powder 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:
- Ni-based Alloy
- Co-based Alloy
- Other
- By Application:
- Aerospace
- Nuclear Energy
- Oil Industry
- 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 Spherical Superalloy Powder 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?
Spherical superalloy powder is a type of alloy that is made up of small spheres. These spheres are made from different metals and alloys, and they help to make the powder more stable. This makes it easier for the powder to resist heat and other elements.
Some of the key players operating in the spherical superalloy powder market are Beijing Youxinglian Nonferrous Metals, Zhejiang Asia General Soldering & Brazing Material, Ningbo CAEP-Lituo Superfine Materials, Funcmater, Tekna, Heraeus.
The spherical superalloy powder 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 Spherical Superalloy Powder 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 Spherical Superalloy Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spherical Superalloy Powder 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 Spherical Superalloy Powder 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 Spherical Superalloy Powder Market Size & Forecast, 2020-2028
4.5.1 Spherical Superalloy Powder Market Size and Y-o-Y Growth
4.5.2 Spherical Superalloy Powder 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 Ni-based Alloy
5.2.2 Co-based Alloy
5.2.3 Other
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 Aerospace
6.2.2 Nuclear Energy
6.2.3 Oil Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spherical Superalloy Powder 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 Spherical Superalloy Powder 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 Ni-based Alloy
9.6.2 Co-based Alloy
9.6.3 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 Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Nuclear Energy
9.10.3 Oil Industry
9.10.4 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 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 Ni-based Alloy
10.6.2 Co-based Alloy
10.6.3 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 Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Nuclear Energy
10.10.3 Oil Industry
10.10.4 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 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 Ni-based Alloy
11.6.2 Co-based Alloy
11.6.3 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 Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Nuclear Energy
11.10.3 Oil Industry
11.10.4 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 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 Ni-based Alloy
12.6.2 Co-based Alloy
12.6.3 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 Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Nuclear Energy
12.10.3 Oil Industry
12.10.4 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) 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 Ni-based Alloy
13.6.2 Co-based Alloy
13.6.3 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) Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Nuclear Energy
13.10.3 Oil Industry
13.10.4 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 Spherical Superalloy Powder Market: Competitive Dashboard
14.2 Global Spherical Superalloy Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Beijing Youxinglian Nonferrous Metals
14.3.2 Zhejiang Asia General Soldering & Brazing Material
14.3.3 Ningbo CAEP-Lituo Superfine Materials
14.3.4 Funcmater
14.3.5 Tekna
14.3.6 Heraeus
