Market Overview:
The global superalloy for industrial gas turbines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for power generation and oil & gas applications across the globe. In terms of type, the Fe-based superalloys segment is expected to lead the global market during the forecast period, followed by Ni-based and Co-based segments. The Fe-based superalloys are mainly used in power generation applications as they offer high strength and corrosion resistance properties. In terms of application, power generation is expected to be the largest segment during the forecast period, followed by oil & gas and other applications segments.
Product Definition:
Superalloys are alloys that contain a high percentage of one or more special alloying elements, which give them unique properties. Superalloys are used in gas turbines because of their resistance to heat and corrosion, as well as their strength and toughness.
Fe based:
The global ferroalloys market size was estimated at USD 3.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand from the steel industry. The growing demand for steel in construction, automotive, and consumer goods industries is anticipated to propel product consumption over the next seven years.
Ni based:
The global Ni based and it's usage in Superalloy for Industrial Gas Turbines market size was valued at USD 8.0 billion in 2015. The increasing demand for natural gas is expected to drive the industry over the forecast period. This has resulted in increased exploration activities, which is anticipated to augment product demand over the next seven years.
Superalloys find application across various industries including power generation, aerospace & defense, oil & gas, chemical processing.
Application Insights:
The power generation application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. Increasing demand for turbines, particularly from countries such as India and China on account of growing electricity generation capacity is expected to drive industry growth over the coming years.
Superalloys are used in gas turbine engines owing to their ability to withstand high temperatures without deformation or wear. They also have a low friction coefficient resulting in improved airflow which boosts their application scope in gas turbines significantly. The oil & gas segment was valued at USD 1,818 million in 2016 and is anticipated to witness significant growth over the forecast period owing to rising global energy needs coupled with increasing production of fossil fuels such as coal and crude oil globally.
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 power generation markets such as China, India, Japan and South Korea is anticipated to drive the demand for superalloys in this region. In addition, rapid industrialization coupled with increasing government support is likely to propel power generation activities across emerging economies such as India and China.
The European market accounted for a significant share of revenue owing to rising investments in renewable energy sources along with stringent government regulations regarding carbon emission from fossil fuel based power plants. Increasing oil & gas E&P activities across major countries including Russia are anticipated to augment product demand over the forecast period.
North America emerged as one of the prominent consumers of these alloys due to growing emphasis on reducing Greenhouse Gas (GHG) emissions coupled with strict environmental regulations by EPA (U S Environmental Protection Agency).
Growth Factors:
- Increasing demand for gas turbines from the power generation sector
- Growing popularity of natural gas as a fuel for power generation
- Proliferation of superalloys in industrial gas turbines
- Technological advancements in the field of superalloys
- Rising demand for energy worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Superalloy for Industrial Gas Turbines Market Research Report
By Type
Fe based, Ni based, Co based
By Application
Power Generation, Oil & Gas, Other
By Companies
Precision Castparts Corporation, ATI, Haynes, Carpenter, Aperam, Eramet Group, AMG, Hitachi Metals, CMK Group, VDM, Precision Castparts Corporation, Doncasters, Alcoa, 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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Superalloy for Industrial Gas Turbines Market Report Segments:
The global Superalloy for Industrial Gas Turbines market is segmented on the basis of:
Types
Fe based, Ni based, Co based
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
Power Generation, Oil & Gas, 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:
- Precision Castparts Corporation
- ATI
- Haynes
- Carpenter
- Aperam
- Eramet Group
- AMG
- Hitachi Metals
- CMK Group
- VDM
- Precision Castparts Corporation
- Doncasters
- Alcoa
- VSMPO-AVISMA
- Fushun Special Steel
- CISRI Gaona
- BaoSteel
- ANSTEEL
- Zhongke Sannai
Highlights of The Superalloy for Industrial Gas Turbines 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:
- Fe based
- Ni based
- Co based
- By Application:
- Power Generation
- Oil & Gas
- 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 Superalloy for Industrial Gas Turbines 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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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?
Superalloy is a type of alloy that is used in industrial gas turbines. It is a metal that has been treated to make it stronger and more durable. This makes it ideal for use in gas turbines, as they are often subjected to high levels of stress.
Some of the key players operating in the superalloy for industrial gas turbines market are Precision Castparts Corporation, ATI, Haynes, Carpenter, Aperam, Eramet Group, AMG, Hitachi Metals, CMK Group, VDM, Precision Castparts Corporation, Doncasters, Alcoa, VSMPO-AVISMA, Fushun Special Steel, CISRI Gaona, BaoSteel, ANSTEEL, Zhongke Sannai.
The superalloy for industrial gas turbines 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 Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines Market Size & Forecast, 2018-2028
4.5.1 Superalloy for Industrial Gas Turbines Market Size and Y-o-Y Growth
4.5.2 Superalloy for Industrial Gas Turbines Market Absolute $ Opportunity
Chapter 5 Global Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines Market Size Forecast by Type
5.2.1 Fe based
5.2.2 Ni based
5.2.3 Co based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Oil & Gas
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines Analysis and Forecast
9.1 Introduction
9.2 North America Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines Market Size Forecast by Type
9.6.1 Fe based
9.6.2 Ni based
9.6.3 Co based
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 Superalloy for Industrial Gas Turbines Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Oil & Gas
9.10.3 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 Superalloy for Industrial Gas Turbines Analysis and Forecast
10.1 Introduction
10.2 Europe Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines Market Size Forecast by Type
10.6.1 Fe based
10.6.2 Ni based
10.6.3 Co based
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 Superalloy for Industrial Gas Turbines Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Oil & Gas
10.10.3 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 Superalloy for Industrial Gas Turbines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines Market Size Forecast by Type
11.6.1 Fe based
11.6.2 Ni based
11.6.3 Co based
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 Superalloy for Industrial Gas Turbines Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Oil & Gas
11.10.3 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 Superalloy for Industrial Gas Turbines Analysis and Forecast
12.1 Introduction
12.2 Latin America Superalloy for Industrial Gas Turbines 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 Superalloy for Industrial Gas Turbines Market Size Forecast by Type
12.6.1 Fe based
12.6.2 Ni based
12.6.3 Co based
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 Superalloy for Industrial Gas Turbines Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Oil & Gas
12.10.3 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) Superalloy for Industrial Gas Turbines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Superalloy for Industrial Gas Turbines 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) Superalloy for Industrial Gas Turbines Market Size Forecast by Type
13.6.1 Fe based
13.6.2 Ni based
13.6.3 Co based
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) Superalloy for Industrial Gas Turbines Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Oil & Gas
13.10.3 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 Superalloy for Industrial Gas Turbines Market: Competitive Dashboard
14.2 Global Superalloy for Industrial Gas Turbines 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 Alcoa
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
