PUBLISHER: IMARC | PRODUCT CODE: 1370456
PUBLISHER: IMARC | PRODUCT CODE: 1370456
Superalloys Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
Market Overview:
The global superalloys market size reached US$ 5.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Superalloys are non-ferrous alloys with excellent heat-resistant properties, which retain their stiffness, strength, toughness, and surface stability at extreme temperatures. They are produced through two-phase heat treatment, including vacuum induction melting, investment casting, powder metallurgy, and secondary melting, such as vacuum arc re-melting or electro slag re-melting. They exhibit good mechanical strength, creep resistance and can withstand oxidation and corrosion when used at elevated temperatures in commercial and military jet engines. As a result, superalloys are extensively used in the chemical and petrochemical, aerospace, and oil and gas industries. They also find application in auxiliary power units, power turbines, defense systems, and locomotive engines.
Superalloys Market Trends:
A significant rise in the aviation industry, along with the increasing utilization of superalloys in manufacturing jet engines, represents one of the key factors positively influencing the market. It can also be attributed to the rising traction of superalloys on account of their operational efficiency and minimal environmental emissions. Apart from this, the escalating demand for passenger and commercial automobiles with robust engines across the globe is driving the market. The expanding use of high-performance alloys in turbochargers, exhaust valves, ignition prechamber, exhaust gas cleaner fasteners, and nozzles of vehicles is also offering a favorable market outlook. Furthermore, the increasing energy crisis worldwide is catalyzing the demand for power generation using nuclear power plants, which, in turn, is offering lucrative growth opportunities to industry investors. Additionally, the rising use of high-performance alloys in the oil and gas industry for onshore and offshore exploration, drilling, and production activities is augmenting the market growth. Moreover, continuous developments in the aluminum and magnesium mining process and a considerable rise in the extraction of metals used for alloying are propelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global superalloys market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on base material and application.
Breakup by Base Material:
Nickel-Based
Iron-Based
Cobalt-Based
Breakup by Application:
Aerospace
Commercial and Cargo
Business
Military
Rotary
Industrial Gas Turbine
Electrical
Mechanical
Automotive
Oil and Gas
Industrial
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allegheny Technologies Inc, AMG Superalloys, Aperam S.A., Cannon-Muskegon Corporation, Carpenter Technology Corporation, Doncasters Group, Haynes International Inc, IHI Corporation, IMET Alloys, Mishra Dhatu Nigam Limited, Special Metals Corporation and Western Australian Specialty Alloys (Precision Castparts Corp.).
Key Questions Answered in This Report:
- How has the global superalloys market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global superalloys market?
- What are the key regional markets?
- What is the breakup of the market based on the base material?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global superalloys market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Superalloys Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Base Material
- 6.1 Nickel-Based
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Iron-Based
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Cobalt-Based
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Aerospace
- 7.1.1 Market Trends
- 7.1.2 Key Segments
- 7.1.2.1 Commercial and Cargo
- 7.1.2.2 Business
- 7.1.2.3 Military
- 7.1.2.4 Rotary
- 7.1.3 Market Forecast
- 7.2 Industrial Gas Turbine
- 7.2.1 Market Trends
- 7.2.2 Key Segments
- 7.2.2.1 Electrical
- 7.2.2.2 Mechanical
- 7.2.3 Market Forecast
- 7.3 Automotive
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Oil and Gas
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Industrial
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Allegheny Technologies Inc
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 AMG Superalloys
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Aperam S.A.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 Cannon-Muskegon Corporation
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Carpenter Technology Corporation
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Doncasters Group
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Haynes International Inc
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 IHI Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 IMET Alloys
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Mishra Dhatu Nigam Limited
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.11 Special Metals Corporation
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Western Australian Specialty Alloys (Precision Castparts Corp.)
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.1 Allegheny Technologies Inc
List of Figures
- Figure 1: Global: Superalloys Market: Major Drivers and Challenges
- Figure 2: Global: Superalloys Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Superalloys Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Superalloys Market: Breakup by Base Material (in %), 2022
- Figure 5: Global: Superalloys Market: Breakup by Application (in %), 2022
- Figure 6: Global: Superalloys Market: Breakup by Region (in %), 2022
- Figure 7: Global: Superalloys (Nickel-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Superalloys (Nickel-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Superalloys (Iron-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Superalloys (Iron-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Superalloys (Cobalt-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Superalloys (Cobalt-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Superalloys (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Superalloys (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Superalloys (Industrial Gas Turbine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Superalloys (Industrial Gas Turbine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Superalloys (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Superalloys (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Superalloys (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Superalloys (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Superalloys (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Superalloys (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Superalloys (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Superalloys (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: North America: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: North America: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: United States: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: United States: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Canada: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Canada: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Asia-Pacific: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Asia-Pacific: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: China: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: China: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Japan: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Japan: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: India: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: India: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: South Korea: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: South Korea: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Australia: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Australia: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Indonesia: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Indonesia: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Others: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Others: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Europe: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Europe: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Germany: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Germany: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: France: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: France: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: United Kingdom: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: United Kingdom: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Italy: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Italy: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Spain: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Spain: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Russia: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Russia: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Others: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Others: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Latin America: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Latin America: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Brazil: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Brazil: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Mexico: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Mexico: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Others: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Others: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Middle East and Africa: Superalloys Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Middle East and Africa: Superalloys Market: Breakup by Country (in %), 2022
- Figure 73: Middle East and Africa: Superalloys Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Global: Superalloys Industry: SWOT Analysis
- Figure 75: Global: Superalloys Industry: Value Chain Analysis
- Figure 76: Global: Superalloys Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Superalloys Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Superalloys Market Forecast: Breakup by Base Material (in Million US$), 2023-2028
- Table 3: Global: Superalloys Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Superalloys Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Superalloys Market: Competitive Structure
- Table 6: Global: Superalloys Market: Key Players
