Aerospace High Performance Alloys Market Scenario
Global aerospace High Performance Alloys (HPAs) are characterized by excellent mechanical strength, good surface stability, and corrosion resistance. There is a huge demand for aerospace high performance alloy equipment that is ideal for a number of industrial applications. However, there are some shortcomings in global aerospace high performance alloys market, such as high cost associated with high performance alloys, and manufacturing & machining complexities.
The global aerospace high performance alloys system prevails in the manufacturing of aerospace components. Moreover, the aerospace industries are early adopters of emerging manufacturing technology which has led to the development of high performance alloys systems. The rise in popularity of applications in the aerospace industry and in the industrial gas turbines sector is estimated to drive the market in the forecast period.
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The factors that are responsible for the growth of the global aerospace high performance alloys market include the need for lightweight alloys to reduce aircraft weight, usage of high performance alloys in jet engines, growth in air traffic, and high corrosion resistance of HPAs.
The key players in the global aerospace high performance alloys market are-
- Allegheny Technologies (U.S.)
- Aperam (Germany)
- Carpenter Technology (U.S.)
- Precision Castparts (U.S.)
- VSMPO (U.S.)
- Alcoa (U.S.)
- Haynes International (U.S.)
- High Performance Alloys Inc. (U.S.)
- NBM Metals (U.S.)
- Outokumpu (Finland)
- ThyssenKrupp (Germany)
Industry/ Innovation/ Related News:
March, 2018 – Allegheny Technologies announced joint venture (JV) with an affiliate company of Tsingshan Group to produce 60-inch wide stainless sheet products for sale in North America.
June, 2017 – Carpenter Technology Corporation and Samuel Son & Corporation announced a strategic alliance between the two companies to provide end-to-end supply chain solutions for the additive manufacturing marketplace.
Aerospace High Performance Alloys Market – Segmentation
The global aerospace High Performance Alloys market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Alloy Type : Comprises Wrought and Cast
Segmentation by Product Type : Comprises Iron Base, Cobalt Base and Nickel Base
Segmentation by Alloying Element : Comprises Aluminium, Titanium and Magnesium
Segmentation by Regions : Comprises Geographical regions – North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Aerospace High Performance Alloys Market: Regional Analysis
North America market is dominating the market of aerospace high performance alloys market due to high consumption of high performance alloys. The market in the developed countries is largely driven by growing demand for light-weight components, which helps in growth of aerospace high performance alloys market.
Asia Pacific is referred to as the second-largest aerospace high performance alloys market due to factors such as increased production of aircraft have fuelled the demand for aerospace high performance alloys market.
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Scope of Report
The report for Global Aerospace High Performance Alloys Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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