Superalloys Market By Application (Aerospace, Industrial Gas Turbine, Automotive, Oil and gas, Industrial, Others), By Base Material (Nickel-Based, Iron-Based, Cobalt-Based): Global Opportunity Analysis and Industry Forecast, 2021-2031

List of Tables

The global superalloys market was valued at $6.8 billion in 2021, and is projected to reach $15.1 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031.

Superalloys are a group of alloys composed of nickel, cobalt, and iron, together with other metals that improve their characteristics. Due to their enhanced properties, such as high mechanical strength; creep resistance at high temperature; significant surface stability; and corrosion, oxidation, & high-temperature resistance, these alloys are utilized in numerous industries, including aerospace gas turbine engines, nuclear reactors, power generation turbines, petrochemical equipment, and rocket engines.

The global superalloys market is driven by an increase in demand for these alloys across a variety of industries, including industrial gas turbines and the automotive sector. As the thermodynamics efficiency of turbine engines improves with increasing turbine inlet temperature, market participants are expected to benefit from a lucrative growth opportunity. Increasing applications of superalloys in the aerospace and automotive industries also contribute to market expansion. Nonetheless, the high price of these alloys is expected to hamper market expansion during the forecast period.

The superalloys market is segmented on the basis of base material, type, application, and region. Based on base material, the market is divided into nickel-based, cobalt-based, and iron-based superalloys. The nickel-based superalloys segment dominated the market share while the cobalt-based superalloys segment is expected to grow significantly during the forecast period owing to its low cost. The application segment is categorized into aerospace, industrial gas turbine, automotive, oil & gas, industrial, and others. The aerospace segment holds the largest market share while the automotive segment is expected to grow at a higher CAGR during the forecast period, owing to continuous efforts in reducing CO2 emissions and increase fuel efficiency.

Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). The key players operating in the superalloys market are Arconic, ATI, Beijing International Aeronautical Materials Corporation, CANNON-MUSKEGON, Carpenter Technology Corporation, Chromalloy Gas Turbine LLC, Doncasters Group, Forged Solutions Group, HAYNES INTERNATIONAL., and Hitchiner Manufacturing Co., Inc. The key players adopted various strategies such as agreements, joint ventures, new product launches, and business expansion to sustain the market competition.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the superalloys market analysis from 2021 to 2031 to identify the prevailing superalloys market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the superalloys market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global superalloys market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application

Industrial Gas Turbine
Automotive
Oil and gas
Industrial
Aerospace
Others

By Base Material

Nickel-Based
Iron-Based
Cobalt-Based

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- UAE
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- ATI
- Doncasters Group
- Arconic
- CANNON-MUSKEGON
- Carpenter Technology Corporation
- Chromalloy Gas Turbine LLC
- Forged Solutions Group
- HAYNES INTERNATIONAL.
- Hitchiner Manufacturing
- Beijing International Aeronautical Materials Corporation

Product Code: A01758

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. High bargaining power of suppliers
- 3.3.2. High bargaining power of buyers
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate threat of new entrants
- 3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Increase in demand from industrial gas turbine
  - 3.4.1.2. Rise in application in the aerospace industry
  - 3.4.1.3. Increase in demand from oil and gas industry
- 3.4.2. Restraints
  - 3.4.2.1. Fluctuating prices of raw materials
- 3.4.3. Opportunities
  - 3.4.3.1. Increase in demand from emerging economies
3.5. COVID-19 Impact Analysis on the market
3.6. Patent Landscape
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Value Chain Analysis

CHAPTER 4: SUPERALLOYS MARKET, BY APPLICATION

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Aerospace
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Industrial Gas Turbine
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Automotive
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Oil and gas
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Industrial
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
4.7. Others
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country

CHAPTER 5: SUPERALLOYS MARKET, BY BASE MATERIAL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Nickel-Based
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Iron-Based
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Cobalt-Based
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: SUPERALLOYS MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Application
- 6.2.3. Market size and forecast, by Base Material
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Key market trends, growth factors and opportunities
  - 6.2.4.1.2. Market size and forecast, by Application
  - 6.2.4.1.3. Market size and forecast, by Base Material
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Key market trends, growth factors and opportunities
  - 6.2.4.2.2. Market size and forecast, by Application
  - 6.2.4.2.3. Market size and forecast, by Base Material
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Key market trends, growth factors and opportunities
  - 6.2.4.3.2. Market size and forecast, by Application
  - 6.2.4.3.3. Market size and forecast, by Base Material
6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Application
- 6.3.3. Market size and forecast, by Base Material
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Key market trends, growth factors and opportunities
  - 6.3.4.1.2. Market size and forecast, by Application
  - 6.3.4.1.3. Market size and forecast, by Base Material
  - 6.3.4.2. UK
  - 6.3.4.2.1. Key market trends, growth factors and opportunities
  - 6.3.4.2.2. Market size and forecast, by Application
  - 6.3.4.2.3. Market size and forecast, by Base Material
  - 6.3.4.3. France
  - 6.3.4.3.1. Key market trends, growth factors and opportunities
  - 6.3.4.3.2. Market size and forecast, by Application
  - 6.3.4.3.3. Market size and forecast, by Base Material
  - 6.3.4.4. Spain
  - 6.3.4.4.1. Key market trends, growth factors and opportunities
  - 6.3.4.4.2. Market size and forecast, by Application
  - 6.3.4.4.3. Market size and forecast, by Base Material
  - 6.3.4.5. Italy
  - 6.3.4.5.1. Key market trends, growth factors and opportunities
  - 6.3.4.5.2. Market size and forecast, by Application
  - 6.3.4.5.3. Market size and forecast, by Base Material
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Key market trends, growth factors and opportunities
  - 6.3.4.6.2. Market size and forecast, by Application
  - 6.3.4.6.3. Market size and forecast, by Base Material
6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Application
- 6.4.3. Market size and forecast, by Base Material
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Key market trends, growth factors and opportunities
  - 6.4.4.1.2. Market size and forecast, by Application
  - 6.4.4.1.3. Market size and forecast, by Base Material
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Key market trends, growth factors and opportunities
  - 6.4.4.2.2. Market size and forecast, by Application
  - 6.4.4.2.3. Market size and forecast, by Base Material
  - 6.4.4.3. India
  - 6.4.4.3.1. Key market trends, growth factors and opportunities
  - 6.4.4.3.2. Market size and forecast, by Application
  - 6.4.4.3.3. Market size and forecast, by Base Material
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Key market trends, growth factors and opportunities
  - 6.4.4.4.2. Market size and forecast, by Application
  - 6.4.4.4.3. Market size and forecast, by Base Material
  - 6.4.4.5. Australia
  - 6.4.4.5.1. Key market trends, growth factors and opportunities
  - 6.4.4.5.2. Market size and forecast, by Application
  - 6.4.4.5.3. Market size and forecast, by Base Material
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Key market trends, growth factors and opportunities
  - 6.4.4.6.2. Market size and forecast, by Application
  - 6.4.4.6.3. Market size and forecast, by Base Material
6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Application
- 6.5.3. Market size and forecast, by Base Material
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Key market trends, growth factors and opportunities
  - 6.5.4.1.2. Market size and forecast, by Application
  - 6.5.4.1.3. Market size and forecast, by Base Material
  - 6.5.4.2. UAE
  - 6.5.4.2.1. Key market trends, growth factors and opportunities
  - 6.5.4.2.2. Market size and forecast, by Application
  - 6.5.4.2.3. Market size and forecast, by Base Material
  - 6.5.4.3. Saudi Arabia
  - 6.5.4.3.1. Key market trends, growth factors and opportunities
  - 6.5.4.3.2. Market size and forecast, by Application
  - 6.5.4.3.3. Market size and forecast, by Base Material
  - 6.5.4.4. South Africa
  - 6.5.4.4.1. Key market trends, growth factors and opportunities
  - 6.5.4.4.2. Market size and forecast, by Application
  - 6.5.4.4.3. Market size and forecast, by Base Material
  - 6.5.4.5. Rest of LAMEA
  - 6.5.4.5.1. Key market trends, growth factors and opportunities
  - 6.5.4.5.2. Market size and forecast, by Application
  - 6.5.4.5.3. Market size and forecast, by Base Material

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021

CHAPTER 8: COMPANY PROFILES

8.1. ATI
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
8.2. Arconic
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
8.3. Beijing International Aeronautical Materials Corporation
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
8.4. CANNON-MUSKEGON
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
8.5. Carpenter Technology Corporation
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
8.6. Chromalloy Gas Turbine LLC
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
8.7. Doncasters Group
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
8.8. Forged Solutions Group
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
8.9. HAYNES INTERNATIONAL.
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
8.10. Hitchiner Manufacturing
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio