Market Overview:
The global Hafnium alloy market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hafnium alloys in the aerospace industry and other applications. Some of the key players operating in this market are Hitachi Metals, Ltd., Bohler-Uddeholm Corporation, Carpenter Technology Corporation, Allegheny Technologies Incorporated (ATI), and Kennametal Inc.
Product Definition:
A Hafnium alloy is a metal made by combining hafnium with other metals. It is important because it has a very high melting point, and can be used to make tools that can withstand high temperatures.
Iron:
Iron (Fe) is a chemical element found in the earth's inner core and outer atmosphere. It is a metal with an appearance similar to that of steel and a high melting point. Iron has been used by humans for thousands of years as it was the first metal to be discovered on this planet, thus making it one of the most important metals in history.
Titanium:
Titanium is a lustrous, silver-white metal that is strong but brittle. It has a high boiling point and excellent resistance to corrosion. The metal is lightweight; however, it has more weight than gold or platinum.
Application Insights:
Aerospace industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The rising demand for lightweight materials has resulted in a rise in aircraft production, which, in turn, is likely to propel market growth. In addition, increasing use of titanium and hafnium alloys by manufacturers of aerospace components such as turbines and blades is anticipated to drive product demand over the next eight years.
The energy sector accounted for 5% share of global revenue on account of growing use of these products as an alternative material for generating electricity through windmills and solar panels. In addition, increasing R&D activities pertaining to harnessing renewable energy through wind power are projected to fuel market expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in terms of both volume and revenue. The region is expected to witness significant growth over the forecast period owing to rising product demand from various end-use industries, including aerospace and automotive. In addition, increasing steel production in developing economies coupled with growing infrastructure activities is likely to augment market growth over the coming years.
The presence of key manufacturers such as Nippon Steel & Sumitomo Metal Corporation (NSSMC) based in Japan; POSCO based in South Korea; and China Huludao Iron & Steel Group Co., Ltd.; Hebeichem Company; Shandong Luyuan Iron & Steel Co., Ltd.; Dalian Shipbuilding Industry Co., Ltd.; Wuhan Iron & Steel Corp.; AnshanIron&SteelGroupCo.,Ltd.inChinais expected to have a positive impact on industry development over the next eight years.
Growth Factors:
- Increasing demand for hafnium alloy in the aerospace and defense industries due to its high strength-to-weight ratio and corrosion resistance properties.
- Growing demand for hafnium alloy in the semiconductor industry due to its excellent thermal conductivity and electrical resistivity properties.
- Rising demand for hafnium alloy from the medical industry due to its biocompatibility properties.
- Increasing use of hafnium alloys in nuclear applications owing to their radiation resistance properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hafnium Alloy Market Research Report
By Type
Iron, Titanium, Niobium, Tantalum, Other Metals
By Application
Aerospace Industry, Other
By Companies
ACI Alloys, AEM, American Elements
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Hafnium Alloy Market Report Segments:
The global Hafnium Alloy market is segmented on the basis of:
Types
Iron, Titanium, Niobium, Tantalum, Other Metals
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 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:
- ACI Alloys
- AEM
- American Elements
Highlights of The Hafnium Alloy 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:
- Iron
- Titanium
- Niobium
- Tantalum
- Other Metals
- By Application:
- Aerospace 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 Hafnium Alloy 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Hafnium alloy is a type of metal alloy that is made up of hafnium and another metal. Hafnium alloy can be used in a variety of applications, including aerospace, automotive, and military equipment.
Some of the major players in the hafnium alloy market are ACI Alloys, AEM, American Elements.
The hafnium alloy market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hafnium Alloy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hafnium Alloy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hafnium Alloy Market - Supply Chain
4.5. Global Hafnium Alloy Market Forecast
4.5.1. Hafnium Alloy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hafnium Alloy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hafnium Alloy Market Absolute $ Opportunity
5. Global Hafnium Alloy Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hafnium Alloy Market Size and Volume Forecast by Type
5.3.1. Iron
5.3.2. Titanium
5.3.3. Niobium
5.3.4. Tantalum
5.3.5. Other Metals
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hafnium Alloy Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hafnium Alloy Market Size and Volume Forecast by Application
6.3.1. Aerospace Industry
6.3.2. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hafnium Alloy Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hafnium Alloy Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hafnium Alloy Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hafnium Alloy Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hafnium Alloy Demand Share Forecast, 2019-2026
9. North America Hafnium Alloy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hafnium Alloy Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hafnium Alloy Market Size and Volume Forecast by Application
9.4.1. Aerospace Industry
9.4.2. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hafnium Alloy Market Size and Volume Forecast by Type
9.7.1. Iron
9.7.2. Titanium
9.7.3. Niobium
9.7.4. Tantalum
9.7.5. Other Metals
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hafnium Alloy Demand Share Forecast, 2019-2026
10. Latin America Hafnium Alloy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hafnium Alloy Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hafnium Alloy Market Size and Volume Forecast by Application
10.4.1. Aerospace Industry
10.4.2. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hafnium Alloy Market Size and Volume Forecast by Type
10.7.1. Iron
10.7.2. Titanium
10.7.3. Niobium
10.7.4. Tantalum
10.7.5. Other Metals
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hafnium Alloy Demand Share Forecast, 2019-2026
11. Europe Hafnium Alloy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hafnium Alloy Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hafnium Alloy Market Size and Volume Forecast by Application
11.4.1. Aerospace Industry
11.4.2. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hafnium Alloy Market Size and Volume Forecast by Type
11.7.1. Iron
11.7.2. Titanium
11.7.3. Niobium
11.7.4. Tantalum
11.7.5. Other Metals
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hafnium Alloy Demand Share, 2019-2026
12. Asia Pacific Hafnium Alloy Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hafnium Alloy Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hafnium Alloy Market Size and Volume Forecast by Application
12.4.1. Aerospace Industry
12.4.2. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hafnium Alloy Market Size and Volume Forecast by Type
12.7.1. Iron
12.7.2. Titanium
12.7.3. Niobium
12.7.4. Tantalum
12.7.5. Other Metals
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hafnium Alloy Demand Share, 2019-2026
13. Middle East & Africa Hafnium Alloy Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hafnium Alloy Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hafnium Alloy Market Size and Volume Forecast by Application
13.4.1. Aerospace Industry
13.4.2. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hafnium Alloy Market Size and Volume Forecast by Type
13.7.1. Iron
13.7.2. Titanium
13.7.3. Niobium
13.7.4. Tantalum
13.7.5. Other Metals
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hafnium Alloy Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hafnium Alloy Market: Market Share Analysis
14.2. Hafnium Alloy Distributors and Customers
14.3. Hafnium Alloy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ACI Alloys
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AEM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. American Elements
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
