Market Revenue High Performance Alloys Market List of Data Source | Page 2

Brass, nickel, lead, zinc, copper, aluminum, and tin are the non-ferrous alloys. The alloys of these metals have
outstanding thermal stability, lighter in weight, resistant to corrosion, malleable, and gives eminent strength at
high temperature. Material required for high performance alloys are magnesium, aluminum, titanium, and
others that could be explored in the foremost period. Others segment includes molybdenum, nickel, and cobalt.
The high performance alloys industry may be categorized based on applications like electrical & electronics,
aerospace, oil & gas, industrial gas turbine, automotive, industrial, and others. Aerospace sector accounted for
the largest market share. This may be because of high demand for materials that can resist high temperature
and have a projecting strength-to-weight ratio. These alloys are used to manufacture aircraft components like
rings and airframe parts, blades, engine cases, disc, and others.
Globally, North America accounted for the largest market share of high performance alloys market and is
estimated to lead the overall market in the coming years. The reason behind the overall market growth could
be high demand from aerospace & defense industry and rebuilding of the oil & gas industry. In addition,
elevating fuel efficiency and reducing emissions and presence of component manufacturers and significant
aircraft will positively affect in the overall market growth. The United States is a major consumer of high
performance alloys in this region.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/high-performance-alloys-market
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe
is the second largest region with significant market share. However, in terms of revenue, Asia Pacific is estimated
to grow at fastest pace with the highest CAGR of 5.9% in the foremost period. The aspects that may be ascribed
to the growth comprise expanding aerospace industry, raising production of automobiles, and increasing gross
domestic product (GDP) of the developing countries. The developing countries like India and China are the major
consumers of high performance alloys in this region.
The key players of high performance alloys industry are SMPO-AVISMA Corporation, Ape ram SA, Timken
Company, Alcoa Inc., Precision Castparts Corporation, Allegheny Technologies Incorporated, Out okumpu,
Carpenter Technology, Hitachi Metals Ltd., and Haynes International Inc. These players are concentrating on
inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
Market Segment:
High Performance Alloys Product Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)
• Non-ferrous metals
• Platinum group metals