High Performance Alloys Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Base Metal Type (Aluminum, Nickel, Steel, Magnesium, Titanium, and Other Base Metal Types), Product Type (Heat Resistant Alloys, Corrosion Resistant Alloys, Wear Resistant Alloys, and Other Product Types), End-user Industry (Aerospace, Power, Oil and Gas, Electrical and Electronics, Automotive, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, and Rest of the World)

Market Snapshot

High Performance Alloys Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <5 %

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Market Overview

The market for high-performance alloys market is expected to grow at a CAGR of less than 5% during the forecast period. The major factor driving the growth of the market studied is the increasing demand for corrosion-resistant alloys in the oil & gas industry. On the flip side, declines in the automotive and aerospace industry due to COVID-19 is likely to hinder the growth of the market studied.

Scope of the report

The high performance alloys market report includes:

Base Metal Type
Aluminum
Nickel
Steel
Magnesium
Titanium
Other Base Metal Types
Product Type
Heat Resistant Alloys
Corrosion Resistant Alloys
Wear Resistant Alloys
Other Product Types
Aerospace
Power
Oil and Gas (including Chemical)
Electrical and Electronics
Automotive
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
Rest of the World

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Key Market Trends

Increasing Demand for Titanium Alloys

  • Titanium is one of the most important raw materials for the aerospace industry. Titanium alloys account for the largest share among the aerospace raw material market, closely followed by aluminum alloys.
  • Titanium alloys form the third-most important raw materials used in the aerospace industry when considered in terms of the weight of raw materials. Around 75% of the high-grade titanium sponge is used in the aerospace industry.
  • Titanium alloys are used in aircraft engines, blades, shaft, and airframe applications (landing gear, fasteners, and wing beams).
  • For instance, Boeing plans to build more than 900 airplanes per year, by 2022. It aims to keep increasing its pace of aircraft production.
  • Similarly, Airbus plans to produce six of its A320 jets each month, by 2020, at its final assembly plant near Beijing, China.
  • However, the breakdown of corona virus across the globe has resulted in the halt of various aerospace activities. this scenario is expected to to hinder the market studed.
High Performance Alloys Segmentation Trends

Asia-Pacific to Witness Highest Demand

Asia-Pacific is a hub to various manufacturing activities including aerospace and automotive manufacturing, infrastructure, and many others. This includes a huge consumption of high-performance alloys for these activities. Robust demand from the aerospace and automotive industries is one of the major factors boosting the demand of the market studied. Furthermore, increasing chemical industry activities in the region is another factor boosting the demand for high-performance alloys in constructing both infrastructure and some equipment.

High Performance Alloys Market Regional Trends

Competitive Landscape

The market studied is partially consolidated among the top players. The key players include ATI, Precision Castparts Corp, Nippon Yakin Kogyo Co., Ltd., CRS Holdings Inc., and High Performance Alloys, Inc, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Corrosion Resistant Alloys in the Oil & Gas Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Decline in Automotive and Aerospace Industry due to COVID-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Base Metal Type

      1. 5.1.1 Aluminum

      2. 5.1.2 Nickel

      3. 5.1.3 Steel

      4. 5.1.4 Magnesium

      5. 5.1.5 Titanium

      6. 5.1.6 Other Base Metal Types

    2. 5.2 Product Type

      1. 5.2.1 Heat Resistant Alloys

      2. 5.2.2 Corrosion Resistant Alloys

      3. 5.2.3 Wear Resistant Alloys

      4. 5.2.4 Other Product Types

    3. 5.3

      1. 5.3.1 Aerospace

      2. 5.3.2 Power

      3. 5.3.3 Oil and Gas (including Chemical)

      4. 5.3.4 Electrical and Electronics

      5. 5.3.5 Automotive

      6. 5.3.6 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 United Kingdom

        2. 5.4.3.2 France

        3. 5.4.3.3 Germany

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AMG

      2. 6.4.2 ATI

      3. 6.4.3 CRS Holdings Inc.

      4. 6.4.4 Fort Wayne Metals Research Products Corp -

      5. 6.4.5 High Performance Alloys, Inc

      6. 6.4.6 Industry Today

      7. 6.4.7 Nippon Yakin Kogyo Co., Ltd.

      8. 6.4.8 Precision Castparts Corp

      9. 6.4.9 Stanford Advanced Materials

      10. 6.4.10 VSMPO-AVISMA Corporation.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Popularity of Electric Vehicles

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The High Performance Alloys Market market is studied from 2016 - 2026.

The High Performance Alloys Market is growing at a CAGR of <5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

ATI, Precision Castparts Corp, Nippon Yakin Kogyo Co., Ltd., CRS Holdings Inc. , High Performance Alloys, Inc are the major companies operating in High Performance Alloys Market.

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