High Performance Alloys Global Market to Reach $11.8 Billion by 2030: Expanding Industrial Applications for Titanium Based Alloys to Continue Post Pandemic

Dublin, March 15, 2023 (GLOBE NEWSWIRE) -- The "High Performance Alloys: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for High Performance Alloys estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$11.8 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.

Non-Ferrous Metal, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$6.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Super Alloys segment is readjusted to a revised 4.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 6.3% CAGR

The High Performance Alloys market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Select Competitors (Total 121 Featured) -

• Allegheny Technologies Incorporated
• AMG Advanced Metallurgical Group N.V.
• Aperam SA
• Carpenter Technology Corporation
• Constellium SE
• Doncasters Group Limited
• ERAMET S.A.
• Fort Wayne Metals Research Products, LLC
• Glencore Plc
• H.C. Starck GmbH
• Haynes International, Inc.
• High Performance Alloys, Inc.
• Hitachi Metals, Ltd.
• Howmet Aerospace Inc.
• Metallurgical Plant Electrostal, JSC
• Nippon Yakin Kogyo Co., Ltd.
• Precision Castparts Corp.
• Sandvik AB
• Special Metals Corporation
• TimkenSteel Corporation
• Titanium Metals Corporation (TIMET)
• Universal Stainless & Alloys Inc. Canada)
• VDM Metals GmbH
• VSMPO-AVISMA Corporation

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Why Investing in Materials Innovation is Vital for Countries & Their Economy
• Growing R&D Spending on New Material Development & Innovation Provides a Platform for Growth & Expanding Use of High Performance Alloys: Global R&D Spending on Advanced Materials and Chemicals (In US$ Billion) for Years 2017 Through 2022
• High Performance Alloys (HPAs): Here's Why They Are the Advanced Materials of Choice
• On the Pandemic & Economic Front, Here's What's Happening. Prognosis Every Business Needs to Know
• After Omicron, Comes Stealth Omicron & Deltacron Fueling Fresh Waves of Infections Across the Globe
• With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?
• With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of March 2022
• At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain
• How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
• Split Scenarios Unfold: The Great Vaccine Divide Emerges
• With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of March 2022
• The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated
• Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
• The Verdict's Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable
• Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
• Dragging Pandemic, New Virus Strains, Fresh Societal Risks, War & Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021
• Fresh Shocks for the Global Economy in 2022 as New Bursts of Food & Energy Inflation Comes into Play Triggered by the Russia-Ukraine War
• A World Divided Over the War in Russia & Ukraine Fuels Oil Production Stand-Off, Aggravating Global Price Rise & Making Putin More Bolder & Willing to Invade its Neighbors: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
• Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Coupled With Inflation Triggered by the Russia-Ukraine War Lowers Growth Expectations for 2022: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
• Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
• Supply Chains Tighten Once Gain, Bracing for the Widening Economic Storm Being Brewed by the Russia-Ukraine War
• The Military & Defense Industry Emerges as the Sole Beneficiary of the War
• Competition
• High Performance Alloys - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• High Performance Alloys: A Review of Types, Benefits & End-Use Applications
• Recent Market Activity
• Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• HPA Witnesses Price Rise in 2022 Amid Volatility in the Metal Commodities Market Triggered by the Russia-Ukraine War
• Rise of Lightweighting as a Part of the Long-Term Manufacturing Strategy to Benefit HPA Demand
• HPAs Find Expanded Opportunity in the Robustly Growing Lightweight Materials Market: Global Market for Lightweight Materials (In US$ Billion) for Years 2021, 2023, 2025, and 2027
• Production Volatility Amid Chip Shortages Aggravated by the Russia Ukraine War Downgrades Demand Growth for Automotive Alloys in 2022
• As Automobile Production Recovery Slips On the Original Forecasts, Hit By Chip Shortage Woes & Supply Chain Disruptions Caused by the Russia-Ukraine War, Uncertainty Rips Through Upstream Suppliers: Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025
• Beyond These Challenges, Stringent Regulations & Competitive Pressures Will Remain Long-Term Drivers of Demand for Specialty Automotive Alloys
• Expanding Industrial Applications for Titanium Based Alloys to Continue Post Pandemic
• Global Titanium Market by End-use Sector (2022): Percentage Breakdown of Volume Consumption for Aerospace, Defense, Industrial, and Others
• Here's Why Nickel Alloys Hold a Stronger Potential for Long-Term Growth
• Robust Demand for Medical Devices Spurs Parallel Opportunities for HPAs in Medical Devices Manufacturing
• Demand Outlook for Medical Devices Remains Robust
• Robust Outlook for Medical Devices Expands the Addressable Market Opportunity for HPAs in Medical Device Manufacturing: Global Market for Medical Devices (In US$ Billion) for Years 2021, 2023, 2025 and 2027
• Here's How Valuable HPAs are in Medical Device Manufacturing
• Newer Applications to Drive Gains Over the Long-Term
• Forced Investments in Upgrading the Creaking Energy Infrastructure, Post Pandemic to Drive Demand for HPAs in Industrial Gas Turbines (IGT)
• Use of AI in the Design of High Performance Alloys Gains Momentum
• Increase in Oil Production Prompted by Russia-Ukraine War to Positively Impact Demand for HPAs
• A Peek Into Oil Supply Dynamics: Global Crude Oil Production by Country (In 000 Barrels Per Day):
• Biggest Importers of Russian Oil Are Now Lucrative Customer Targets for Non-Russian Oil Companies Investing in Production Expansions Amid Growing Anti-Russia Sentiments & Political Policy Shifts: Leading Importers of Russian Oil (In US$ Billion) as of the Year 2022
• Shape Memory Alloys Grow in Popularity
• High Entropy Alloys Rise In Significance & Find New & Advanced Applications
• In Focus- Titanium-Aluminides Alloys
• Innovation in High Performance Alloys Remains Crucial to Sustained Growth
• Recycling Storms Into the Spotlight at a Time When Sustainability is Gaining Importance Now More Than Ever
• The Time to Get Our Act Together & Move Towards a Circular Bioeconomy Has Come: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
• Current State of Recycling HPAs

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/nc7wkm

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• Global Market for High Performance Alloys