Superalloys Market Projected to Reach $7,150 million by 2022 grow with at a CAGR of 9.5%

The global superalloys market was valued at $3,727 million in 2015, and is projected to reach $7,150 million by 2022, growing at a CAGR of 9.5% from 2016 to 2022. Superalloys are also referred to as high-temperature alloys, as they maintain their strength and toughness at elevated temperature. These alloys possess properties such as high mechanical strength, creep resistance, significant surface stability, and corrosion & oxidation resistance at high temperature. They are used in range of applications such as petrochemical processing, power plants, and oil & gas industries. They are majorly applicable in commercial & military jet engines, auxiliary power units, power turbines, defense systems, locomotive engines, and others.

In 2015, North America and Europe were the leading regions, in terms of both value and volume, owing the rise in utilization of aircrafts and significant growth in aerospace industry. Superalloys facilitate improved operating efficiency and reduced environmental emissions that, which lead to increase in use of these alloys in gas turbines and oil & gas equipment. The market is driven by the rise in need for high strength materials in aerospace and oil & gas industries that can withstand high temperature and resist creeping.

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The List of companies covered in this Reports are:

Allegheny Technologies Incorporated (ATI)

Haynes International

Special Metals Corporation

Aperam

Carpenter Technology

AMG Superalloys

Doncasters

Nippon Yakin Kogyo

Universal Stainless

Danyang City Kaixin Alloy Material Co. Ltd.

The superalloys market is segmented based on base material, application, and geography. On the basis of base material, the market is divided nickel-based, cobalt-based, and iron-based superalloys. Applications covered in the study include aerospace, industrial gas turbine, automotive, oil & gas, industrial, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On June 17, 2015, Allegheny Technologies Incorporated expanded its nickel-based superalloy's manufacturing capacity to cater to the growing demands from aerospace jet engine and oil & gas markets. The company has invested around $70 million for this expansion which helped the company to strengthen its position in the global market.

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Table of Contents 

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 MARKET OVERVIEW

4 GLOBAL SUPERALLOYS MARKET, BY BASE MATERIAL

5 GLOBAL SUPERALLOYS MARKET, BY APPLICATION

6 GLOBAL SUPERALLOYS MARKET, BY GEOGRAPHY

7 COMPANY PROFILES

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Posted by on Tuesday May 21 2019, 5:47 AM EDT. All trademarks acknowledged. Filed under Aerospace & Defence, Chemicals, Chemicals & Materials, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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