Global High Performance Alloys Market Rise to US$9.10 bn by 2020 | Page 2

High Performance Alloys Market

REPORT DESCRIPTION

High Performance Alloys Market (Non-ferrous Alloys, Platinum Group
Metal Alloys, Refractory Metal Alloys and Superalloys) for Aerospace,
Industrial Gas Turbines, Industrial, Automotives, Oil & Gas, Electronic &
Electrical and Other Applications - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020
The global high performance alloys market is consolidated with the top four manufacturers accounting
for 48.5% of the market in 2013. Key players operating in the global high performance alloys market
are Carpenter Technologies Corporation, Allegheny Technologies Inc, RTI Metals Inc, and VSMPO.
Major companies in the market have patented technologies to manufacture high performance alloys,
leaving very less scope for new entrants, states a new report by Transparency Market Research
(TMR). The high infrastructure and manufacturing cost owing to complex manufacturing process will
restrict new entrants from venturing into the market. Thus, the threat of new entrants in the market is
expected to be low.
The degree of competition is expected to be high in the market. Manufacturers have entered into long
term agreements with end use industries. In order to maintain their market shares, players are
engaging in innovation and technological advancements. The threat of substitutes is expected to rise
from medium to high. This is because composites pose a considerable threat to high performance
alloys in applications involving high temperature.

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Increased Demand from Aerospace and Automobile Industries Drives Market
The demand for high performance alloys is expected to be high in the aerospace industry. This is
because, manufacturing aircrafts require materials that operate at elevated temperatures. High
performance alloys provide resistance against fatigue load, creep, heat, crack, and corrosion. They
also offer superior mechanical strength.
High performance alloys are also used in the manufacturing of gas turbines, which find applications in
marine propulsion, commercial and military aircraft, and power generation. This is because gas

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Transparency Market Research