Market Overview:
The global turbine blade material 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 turbines in various applications such as automotive, marine, and aerospace. In addition, the growing demand for lightweight and high-strength materials is also contributing to the growth of this market. Based on type, stainless steel is expected to lead the global turbine blade material market during the forecast period from 2018 to 2030. This can be attributed to its properties such as corrosion resistance and durability. Nickel alloy is also anticipated to witness significant growth during the forecast period owing its properties such as high strength and toughness.
Product Definition:
A turbine blade material is a material that is used to make turbine blades. The most common type of turbine blade material is metal, but other materials, such as carbon fiber and ceramic, are also used. The important thing about a turbine blade material is that it needs to be able to withstand the high temperatures and stresses that are present in a gas or steam turbine.
Stainless Steel:
Stainless steel is a widely used material in the turbine blade industry owing to its superior properties such as high strength, corrosion resistance and low maintenance. The global stainless steel market size was estimated at USD 2.83 billion in 2016 and is expected to witness significant growth over the forecast period on account of increasing demand from various end-use industries including aerospace & automotive, building & construction and power generation.
Nickel Alloy:
Nickel alloys are materials consisting of nickel and at least one other element. The other elements can be metals or non-metals. Some common Nickel alloys include ferromanganese, ferroalloy, silicon-iron, and cobalt-based nickel alloys. Ferromanganese consists of iron (Fe), manganese (Mn) and nickel (Ni).
Application Insights:
The automotive application segment led the global turbine blade material market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Increasing demand for gas turbines as power generators in automobiles is expected to drive product demand from this application segment. Turbine blades are used across multiple applications including wind farms, automotive powertrain, aerospace engines and industrial equipment among others.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to witness significant growth over the forecast period. The region comprises several emerging economies, such as China, India, and Japan. Increasing industrialization coupled with rising energy demand from developing countries such as China and India are anticipated to drive the turbine blade material demand in Asia Pacific region.
China is one of the leading producers of coal along with being a major exporter globally. However, despite being a major producer of coal; China has witnessed an increasing number of power plants shifting towards natural gas due to air pollution issues coupled with low carbon emissions compared to coal based power generation sources.
Europe was estimated at USD X million in 2017 owing to high consumption levels for marine applications across European countries including Germany Italy Spain UK France Russia Greece Turkey Ukraine etc.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries is expected to drive the market for turbine blade material.
- Rising awareness about the benefits of using advanced materials in turbine blades is projected to fuel the market growth during the forecast period.
- Growing investments in renewable energy sources are anticipated to create opportunities for market players operating in turbine blade material market during the forecast period.
- Technological advancements that help reduce weight and improve performance of turbine blades are likely to propel the demand for turbine blade material over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Turbine Blade Material Market Research Report
By Type
Stainless Steel, Nickel Alloy, Titanium Alloy, Others
By Application
Automotive, Marine, Aerospace, Others
By Companies
Acerinox, Aperam, AK Steel, Guangxi Chengde Group, JLC Electromet, KOBE STEEL, Mannesmann Stainless Tubes, Nippon Steel and Sumitomo Metal, POSCO, Tata Steel Europe, Acerinox
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Turbine Blade Material Market Report Segments:
The global Turbine Blade Material market is segmented on the basis of:
Types
Stainless Steel, Nickel Alloy, Titanium Alloy, Others
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
Automotive, Marine, Aerospace, 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:
- Acerinox
- Aperam
- AK Steel
- Guangxi Chengde Group
- JLC Electromet
- KOBE STEEL
- Mannesmann Stainless Tubes
- Nippon Steel and Sumitomo Metal
- POSCO
- Tata Steel Europe
- Acerinox
Highlights of The Turbine Blade Material 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:
- Stainless Steel
- Nickel Alloy
- Titanium Alloy
- Others
- By Application:
- Automotive
- Marine
- Aerospace
- Others
- 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 Turbine Blade Material 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
- Market Entry Strategies
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- Consumer Insights
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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?
Turbine blades are made of a variety of materials, including steel, aluminum, and titanium.
Some of the major players in the turbine blade material market are Acerinox, Aperam, AK Steel, Guangxi Chengde Group, JLC Electromet, KOBE STEEL, Mannesmann Stainless Tubes, Nippon Steel and Sumitomo Metal, POSCO, Tata Steel Europe, Acerinox.
The turbine blade material market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Turbine Blade Material 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 Turbine Blade Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Turbine Blade Material 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 Turbine Blade Material 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 Turbine Blade Material Market Size & Forecast, 2018-2028
4.5.1 Turbine Blade Material Market Size and Y-o-Y Growth
4.5.2 Turbine Blade Material Market Absolute $ Opportunity
Chapter 5 Global Turbine Blade Material 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 Turbine Blade Material Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Nickel Alloy
5.2.3 Titanium Alloy
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Turbine Blade Material 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 Turbine Blade Material Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Marine
6.2.3 Aerospace
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Turbine Blade Material 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 Turbine Blade Material 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 Turbine Blade Material Analysis and Forecast
9.1 Introduction
9.2 North America Turbine Blade Material 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 Turbine Blade Material Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Nickel Alloy
9.6.3 Titanium Alloy
9.6.4 Others
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 Turbine Blade Material Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Marine
9.10.3 Aerospace
9.10.4 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 Turbine Blade Material Analysis and Forecast
10.1 Introduction
10.2 Europe Turbine Blade Material 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 Turbine Blade Material Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Nickel Alloy
10.6.3 Titanium Alloy
10.6.4 Others
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 Turbine Blade Material Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Marine
10.10.3 Aerospace
10.10.4 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 Turbine Blade Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Turbine Blade Material 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 Turbine Blade Material Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Nickel Alloy
11.6.3 Titanium Alloy
11.6.4 Others
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 Turbine Blade Material Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Marine
11.10.3 Aerospace
11.10.4 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 Turbine Blade Material Analysis and Forecast
12.1 Introduction
12.2 Latin America Turbine Blade Material 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 Turbine Blade Material Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Nickel Alloy
12.6.3 Titanium Alloy
12.6.4 Others
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 Turbine Blade Material Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Marine
12.10.3 Aerospace
12.10.4 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) Turbine Blade Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Turbine Blade Material 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) Turbine Blade Material Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Nickel Alloy
13.6.3 Titanium Alloy
13.6.4 Others
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) Turbine Blade Material Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Marine
13.10.3 Aerospace
13.10.4 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 Turbine Blade Material Market: Competitive Dashboard
14.2 Global Turbine Blade Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acerinox
14.3.2 Aperam
14.3.3 AK Steel
14.3.4 Guangxi Chengde Group
14.3.5 JLC Electromet
14.3.6 KOBE STEEL
14.3.7 Mannesmann Stainless Tubes
14.3.8 Nippon Steel and Sumitomo Metal
14.3.9 POSCO
14.3.10 Tata Steel Europe
14.3.11 Acerinox
