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Global Superalloys Market to reach USD 13.06 billion by the end of 2029.

Global Superalloys Market Size study & Forecast, by Base Material (Nickel-Based, Iron-Based, Cobalt-Based), by Application (Aerospace, Industrial Gas Turbine, Automotive, Oil and gas, Industrial, Others) and Regional Analysis, 2022-2029

Product Code: CMAM-58945716
Publish Date: 10-04-2023
Page: 200

Global Superalloys Market is valued at approximately USD 6.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2022-2029. Superalloys can be defined as a group of nickel, iron–nickel and cobalt alloys that are widely used in jet engines. Due to their excellent heat-resistant properties as well as stiffness, toughness, and dimensional stability at temperatures, these alloys are considered ideal for aerospace structural materials. Additionally, superalloys are employed in the automobile industry in engine assembly to withstand elevated temperatures. Moreover, their low weight improves the fuel efficiency of automobiles and aircraft. The increasing growth of automotive component market and growing usage in aerospace and aircraft applications are key factors driving the market growth.

The growing expansion of automotive components industry is contributing towards the growth of the Global Superalloys Market, as these alloys are used in the manufacturing of auto parts such as turbochargers, exhaust valves, ignition prechamber, exhaust gas cleaners fasteners, nozzles &, etc. For instance – according to Statista – in fiscal year 2021, the market size for auto components in India was estimated at USD 46 billion, and it further reached USD 56.5 billion in fiscal year 2022. Additionally, in financial year 2022, around USD 18.3 billion worth of automobile components were imported into India, witnessing a significant increase from the previous year. Also, rise in oil & gas exploration activities and growing development of new generations of superalloys would create a lucrative growth prospectus for the market over the forecast period. However, the volatile cost of base materials used in Superalloys stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Superalloys Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing demand for super alloys from aerospace and defense manufacturing industry in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising FDI in defense manufacturing industry as well as presence of well-established auto component manufacturing industry in the region.

Major market players included in this report are:
Arconic
ATI
Beijing International Aeronautical Materials Corporation
CANNON-MUSKEGON
Carpenter Technology Corporation
Chromalloy Gas Turbine LLC
Doncasters Group
Forged Solutions Group
Haynes International
Hitchiner Manufacturing Co., Inc.

Recent Developments in the Market:
 , in February 2019, Arconic invested around USD 100 million to expand its hot mill capability and added downstream equipment capabilities in its Tennessee operations facility.

 In April 2019, ATI announced extension of its partnership with Rolls Royce to supply rotating disc quality nickel alloys for Trent engine family. Under this agreement, ATI would manufacture critical components for Rolls-Royce’s next-generation jet engines as well as spare parts for in-service engines.

Global Superalloys Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Base Material, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Base Material
Nickel-Based
Iron-Based
Cobalt-Based

By Application
Aerospace
Industrial Gas Turbine
Automotive
Oil and gas
Industrial
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Superalloys Market, by Region, 2019-2029 (USD Billion)
1.2.2. Superalloys Market, by Base Material, 2019-2029 (USD Billion)
1.2.3. Superalloys Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Superalloys Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Superalloys Market Dynamics
3.1. Superalloys Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing growth of automotive component market
3.1.1.2. Growing usage in aerospace and aircraft applications
3.1.2. Market Challenges
3.1.2.1. Volatile cost of base materials due to high extraction cost
3.1.3. Market Opportunities
3.1.3.1. Rise in oil & gas exploration activities
3.1.3.2. Growing development of new generations of superalloys
Chapter 4. Global Superalloys Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Superalloys Market, by Base Material
6.1. Market Snapshot
6.2. Global Superalloys Market by Base Material, Performance – Potential Analysis
6.3. Global Superalloys Market Estimates & Forecasts by Base Material 2019-2029 (USD Billion)
6.4. Superalloys Market, Sub Segment Analysis
6.4.1. Nickel-Based
6.4.2. Iron-Based
6.4.3. Cobalt-Based
Chapter 7. Global Superalloys Market, by Application
7.1. Market Snapshot
7.2. Global Superalloys Market by Application, Performance – Potential Analysis
7.3. Global Superalloys Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Superalloys Market, Sub Segment Analysis
7.4.1. Industrial Gas Turbine
7.4.2. Automotive
7.4.3. Oil and gas
7.4.4. Industrial
7.4.5. Aerospace
7.4.6. Others
Chapter 8. Global Superalloys Market, Regional Analysis
8.1. Superalloys Market, Regional Market Snapshot
8.2. North America Superalloys Market
8.2.1. U.S. Superalloys Market
8.2.1.1. Base Material breakdown estimates & forecasts, 2019-2029
8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Superalloys Market
8.3. Europe Superalloys Market Snapshot
8.3.1. U.K. Superalloys Market
8.3.2. Germany Superalloys Market
8.3.3. France Superalloys Market
8.3.4. Spain Superalloys Market
8.3.5. Italy Superalloys Market
8.3.6. Rest of Europe Superalloys Market
8.4. Asia-Pacific Superalloys Market Snapshot
8.4.1. China Superalloys Market
8.4.2. India Superalloys Market
8.4.3. Japan Superalloys Market
8.4.4. Australia Superalloys Market
8.4.5. South Korea Superalloys Market
8.4.6. Rest of Asia Pacific Superalloys Market
8.5. Latin America Superalloys Market Snapshot
8.5.1. Brazil Superalloys Market
8.5.2. Mexico Superalloys Market
8.5.3. Rest of Latin America Superalloys Market
8.6. Rest of The World Superalloys Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Arconic
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. ATI
9.2.3. Beijing International Aeronautical Materials Corporation
9.2.4. CANNON-MUSKEGON
9.2.5. Carpenter Technology Corporation
9.2.6. Chromalloy Gas Turbine LLC
9.2.7. Doncasters Group
9.2.8. Forged Solutions Group
9.2.9. Haynes International
9.2.10. Hitchiner Manufacturing Co., Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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