Dublin, Sept. 15, 2022 (GLOBE NEWSWIRE) -- The "Superalloys Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global superalloys market size reached US$ 5.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 7.8 Billion by 2027, exhibiting a CAGR of 6.32% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. Superalloys are non-ferrous alloys with excellent heat-resistant properties, which retain their stiffness, strength, toughness, and surface stability at extreme temperatures. They are produced through two-phase heat treatment, including vacuum induction melting, investment casting, powder metallurgy, and secondary melting, such as vacuum arc re-melting or electro slag re-melting.
They exhibit good mechanical strength, creep resistance and can withstand oxidation and corrosion when used at elevated temperatures in commercial and military jet engines. As a result, superalloys are extensively used in the chemical and petrochemical, aerospace, and oil and gas industries. They also find application in auxiliary power units, power turbines, defense systems, and locomotive engines. Superalloys Market Trends:
A significant rise in the aviation industry, along with the increasing utilization of superalloys in manufacturing jet engines, represents one of the key factors positively influencing the market. It can also be attributed to the rising traction of superalloys on account of their operational efficiency and minimal environmental emissions.
Apart from this, the escalating demand for passenger and commercial automobiles with robust engines across the globe is driving the market. The expanding use of high-performance alloys in turbochargers, exhaust valves, ignition prechamber, exhaust gas cleaner fasteners, and nozzles of vehicles is also offering a favorable market outlook.
Furthermore, the increasing energy crisis worldwide is catalyzing the demand for power generation using nuclear power plants, which, in turn, is offering lucrative growth opportunities to industry investors. Additionally, the rising use of high-performance alloys in the oil and gas industry for onshore and offshore exploration, drilling, and production activities is augmenting the market growth. Moreover, continuous developments in the aluminum and magnesium mining process and a considerable rise in the extraction of metals used for alloying are propelling the market growth.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allegheny Technologies Inc, AMG Superalloys, Aperam S.A., Cannon-Muskegon Corporation, Carpenter Technology Corporation, Doncasters Group, Haynes International Inc, IHI Corporation, IMET Alloys, Mishra Dhatu Nigam Limited, Special Metals Corporation and Western Australian Specialty Alloys (Precision Castparts Corp.). Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Superalloys Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Base Material 6.1 Nickel-Based 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Iron-Based 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Cobalt-Based 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Application 7.1 Aerospace 7.1.1 Market Trends 7.1.2 Key Segments 7.1.2.1 Commercial and Cargo 7.1.2.2 Business 7.1.2.3 Military 7.1.2.4 Rotary 7.1.3 Market Forecast 7.2 Industrial Gas Turbine 7.2.1 Market Trends 7.2.2 Key Segments 7.2.2.1 Electrical 7.2.2.2 Mechanical 7.2.3 Market Forecast 7.3 Automotive 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Oil and Gas 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Industrial 7.5.1 Market Trends 7.5.2 Market Forecast 7.6 Others 7.6.1 Market Trends 7.6.2 Market Forecast 8 Market Breakup by Region 9 SWOT Analysis 10 Value Chain Analysis 11 Porters Five Forces Analysis 12 Price Analysis 13 Competitive Landscape 13.1 Market Structure 13.2 Key Players 13.3 Profiles of Key Players 13.3.1 Allegheny Technologies Inc 13.3.1.1 Company Overview 13.3.1.2 Product Portfolio 13.3.1.3 Financials 13.3.1.4 SWOT Analysis 13.3.2 AMG Superalloys 13.3.2.1 Company Overview 13.3.2.2 Product Portfolio 13.3.3 Aperam S.A. 13.3.3.1 Company Overview 13.3.3.2 Product Portfolio 13.3.3.3 Financials 13.3.4 Cannon-Muskegon Corporation 13.3.4.1 Company Overview 13.3.4.2 Product Portfolio 13.3.5 Carpenter Technology Corporation 13.3.5.1 Company Overview 13.3.5.2 Product Portfolio 13.3.5.3 Financials 13.3.5.4 SWOT Analysis 13.3.6 Doncasters Group 13.3.6.1 Company Overview 13.3.6.2 Product Portfolio 13.3.7 Haynes International Inc 13.3.7.1 Company Overview 13.3.7.2 Product Portfolio 13.3.7.3 Financials 13.3.7.4 SWOT Analysis 13.3.8 IHI Corporation 13.3.8.1 Company Overview 13.3.8.2 Product Portfolio 13.3.8.3 Financials 13.3.8.4 SWOT Analysis 13.3.9 IMET Alloys 13.3.9.1 Company Overview 13.3.9.2 Product Portfolio 13.3.10 Mishra Dhatu Nigam Limited 13.3.10.1 Company Overview 13.3.10.2 Product Portfolio 13.3.10.3 Financials 13.3.11 Special Metals Corporation 13.3.11.1 Company Overview 13.3.11.2 Product Portfolio 13.3.12 Western Australian Specialty Alloys (Precision Castparts Corp.) 13.3.12.1 Company Overview 13.3.12.2 Product Portfolio
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