Global High Performance Alloys Market – Industry Trends and Forecast to 2030

고성능 합금 시장 분석 및 규모

이 산업은 석유 및 가스 추출, 석유, 열처리와 같은 중요한 응용 분야에서 합금에 대한 수요가 증가함에 따라 성장할 것으로 예상됩니다. "알루미늄"은 항공우주 및 자동차 응용 분야에서 사용이 증가함에 따라 가장 빠르게 성장하는 기본 금속 유형 세그먼트가 될 것으로 예상됩니다. 운영 효율성을 개선하기 위해 다른 금속과 함께 널리 사용되며, 이는 예측 기간 동안 고성능 합금에 대한 수요를 증가시킬 것으로 예상됩니다.

Data Bridge Market Research는 고성능 합금 시장이 2023년부터 2030년까지 5.80%의 CAGR을 보일 것으로 분석했습니다. 이는 2022년 99억 6천만 달러였던 시장 가치가 2030년까지 156억 4천만 달러로 급증할 것임을 나타냅니다. Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 심층적인 전문가 분석, 지리적으로 대표되는 회사별 생산 및 용량, 유통업체 및 파트너의 네트워크 레이아웃, 자세하고 업데이트된 가격 추세 분석, 공급망 및 수요의 적자 분석이 포함됩니다.    

고성능 합금 시장 범위 및 세분화

시장 정의

고성능 합금(HPA)은 종종 초합금이라고 합니다. 고성능 합금은 매우 까다로운 응용 분야에서 사용하기에 적합한 특정 주요 특성을 보이는 재료입니다. 이는 우수한 기계적 강도, 고온 저항성, 크립 저항성, 산화 또는 부식 저항성 중 하나 또는 조합일 수 있습니다. 고성능 합금은 니켈 및 알루미늄과 같은 비철 금속, 내화성 재료, 복합 피복 재료, 귀금속 등을 포함한 수많은 재료로 구성됩니다. 고성능 합금의 몇 가지 예로는 Haynes, Monel, Hastelloy, Inconel 등이 있습니다.

글로벌 고성능 합금 시장 역학

운전자

• 석유 및 가스 산업에서 고성능 합금에 대한 수요 증가

고성능 합금은 일반적으로 극한의 온도와 기계적 응력 하에서 고성능을 제공할 수 있기 때문에 탱크, 펌프 샤프트, 펌프 임펠러, 밸브 스템, 플렉스 샤프트, 록 비트 베어링, 파이핑 시스템, 마모판 및 기타 석유 및 가스 플랜트 구성 요소에 사용됩니다. 또한 해수 및 기타 화학 물질에 대한 우수한 내식성을 제공하여 석유 및 가스 플랜트에서 사용하기에 완벽합니다. 따라서 석유 및 가스 산업에서 고성능 합금에 대한 수요가 증가함에 따라 시장 성장이 촉진될 것으로 예상됩니다.

• 자동차 생산 증가

High-performance alloys such as Haynes alloy, Hastelloy alloy, and more are mainly used in the automotive industry in sensors, electrical systems, control units, tubes, heater cores, radiators, and tanks of an automobile. Its properties, such as conductivity, high strength, and excellent resistance to heat, wear, and corrosion, make them more perfect for such automotive applications. Growing automotive industry manufacturing is anticipated to increase the demand for high-performance alloys for use in automobile electrical systems, control units, sensors, and more. This is expected to drive the market's growth during the forecast period.

Opportunities

• Technological advancements and increasing demand for high-performance alloys from the end-use industry

Technological enhancements in the processing methods of high-performance alloys and increasing demand for the alloys in important applications, including oil & gas extraction, thermal processing, and petroleum. Furthermore, the growing usage of high-performance alloys in power generation for the production of industrial gas turbine components is expected to create immense opportunities for market revenue growth to a significant extent in the upcoming years.

• Surging demand for non-ferrous metal

The demand for non-ferrous metal increases due to its benefits over other types of materials. For instance, non-ferrous metals such as nickel and aluminum are more durable and provide excellent tensile strength compared to refractory materials, precious metals, and other materials. It also provides excellent resistance to corrosion along with higher flexibility and reflectivity as compared to other materials. Hence, all of these benefits are likely to drive its demand over other types of materials, which is anticipated to generate ample and new opportunities for market growth during the forecast period.

 Restraints/ Challenges

• The fluctuating price of raw material

High-performance alloys are mainly made of metals such as steel, aluminum, nickel, chromium, and other materials. As a result, fluctuations in the costs of such materials may surge the price of high-performance alloys, hamper the market's growth. For instance, according to the analysis of China Nonferrous Metals Association's, aluminum prices augmented sharply by 50 percent up to US$3,000 per ton in September 2021. It further states that the costs of other metals, including nickel and copper, are also anticipated to rise considerably in 2022. Thus, fluctuating prices of materials used to manufacture high-performance alloys may restrain the market's growth during the forecast period.

This high performance alloys market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the high performance alloys market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Global High Performance Alloys market

The outbreak of COVID-19 has affected several operations of the global market. Numerous factors affect the growth of the market in the forecast period. Supply disruptions, low production, and less demand have affected the market growth. The high-performance alloys are made in those factories, which are labor-intensive. However, in the COVID-19 period, fewer market workers exist.

Moreover, the usage of high-performance alloys was reduced. The end-users of the market were facing a decline in demand trends. Demand from the oil and gas industry has also affected affecting the growth of the high-performance alloys market.

Also, the aerospace market accounted for a decline in demand. All these factors affected the growth of high-performance alloys in the forecast period. In the upcoming years, all these factors will get better. The supply chain disruptions of the market are anticipated to recover, and the high-performance alloys market outlook will change positively.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In April 2022, Alloy Wire International launched Inconel 617. This is a high-performance alloy composed of molybdenum, nickel, chromium, cobalt, and aluminum. This new alloy is specially designed for usage in components associated with medical, aerospace, and other sectors.
• In July 2021, the Defence Research and Development Organisation (DRDO) has declared the development of a high-performance beta titanium alloy which will be produced on an large scale for use in the aerospace sector.
• In June 2021, Rio Tinto has launched a new high-performance aluminum alloy mainly for automotive sector. It is specially designed to make lighter car wheels while providing a cost-efficient and easy solution for automobile manufacturers.

Global High Performance Alloys Market Scope

The high performance alloys market is segmented on the basis of material type, base metal type, product type and end-user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material Type

• Non Ferrous Metal
• Aluminum
• Copper
• Nickel
• Others
• Composite-Clad Materials
• Precious Metals
• Gold
•  Silver
• Titanium
• Refractory Materials
• Molybdenum
• Niobium
• Tantalum
• Tungsten
• Rhenium
• Stainless Steel
• Others

Base Metal Type

• Aluminum
• Nickel
• Steel
• Magnesium
• Titanium
• Other Base Metal Types

 Product Type

• Heat Resistant Alloys
• Hastelloy Alloy
•  Inconel Alloy
•  Haynes Alloy
• Corrosion Resistant Alloys
• Nickel
•  Monel Alloy
• Ferralium Alloy
• Wear Resistant Alloys
• HPA Cobalt Alloy
•  Nitronic Alloy
• Other Product Types

End-user Industry

• Aerospace
• Power
• Oil and Gas
• Electrical and Electronics
• Automotive
• Other End-user Industries

High Performance Alloys Market Regional Analysis/Insights

The high performance alloys market is analyzed and market size insights and trends are provided by country, material type, base metal type, product type and end-user industry as referenced above.

The countries covered in the high performance alloys market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the high performance alloys market in terms of market share revenue because of the high consumption of these realized by the aerospace sector in the U.S. within this region. Moreover, the increasing GDP of the emerging markets coupled with augmented indigenous manufacturing in this region is expected to drive the demand during the forecast period.

Asia-Pacific will expect to be the fastest growing region during the forecast period of 2023-2030, owing to the high production of automobiles and the rise of the aerospace industry within this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and High Performance Alloys Market Share Analysis

The high performance alloys market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to high performance alloys market.

Some of the major players operating in the high performance alloys market are:

• Hitachi Metals, Ltd, (Japan)
• Alcoa Corporation (U.S.)
• Corporation VSMPO-AVISMA (Russia)
• Aperam (Luxembourg)
• AMG (Netherland)
• Sandvik AB; (publ) (Sweden)
• ATI (U.S.)
• CRS Holdings, LLC. (U.S.)
• ThyssenKrupp AG (Germany)
• HAYNES INTERNATIONAL. (U.S.)
• Precision Castparts Corp (U.S.)
• Voestalpine AG (Austria)
• High Performance Alloys, Inc. (U.S.)
• Rolled Alloys Inc. (U.S.)
• Hindalco Industries Limited (India)
• Teijin Limited (Japan)
• Mitsubishi Chemical Holdings Corporation (Japan)
• Magna International Inc. (Canada)
• IBC Advanced Alloys Corp (U.S.)
• VDM Metals (Germany)

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