Quantcast

Global High Performance Alloys Market is Expected to Reach USD 9.09 billion by 2020: Transparency Market Research

July 30, 2014

ALBANY, New York, July 30, 2014 /PRNewswire/ –

Transparency Market Research has published a new market report titled “High
Performance Alloys Market (Non-ferrous Alloys, Platinum Group Metal Alloys, Refractory
Metal Alloys and Superalloys) for Aerospace, Industrial Gas Turbines, Industrial,
Automotives, Oil & Gas, Electronic & Electrical and Other Applications – Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.” According to the report,
global high performance alloys market was valued at USD 6.82 billion in 2013 and is
anticipated to reach USD 9.09 billion by 2020, expanding at a CAGR of 4.2% during the
forecast period from 2014 to 2020. In terms of volume, global high performance alloys
market stood at 1,110.7 kilo tons in 2013.

Browse the full High Performance Alloys Market Report with TOC at

http://www.transparencymarketresearch.com/high-performance-alloys-market.html

High performance alloys exhibit excellent mechanical strength and high resistance to
creep at high temperatures. About 60% of an aircraft is incorporated with high performance
alloys. Thus, increasing demand for high performance alloys from the aerospace industry is
estimated to boost the high performance alloys market during the forecast period.
Furthermore, rising demand for gas turbines in power generation applications is projected
to drive demand for high performance alloys, as gas turbines require materials that
withstand elevated temperatures. However, capital-intensive manufacturing of high
performance alloys may hamper the market in the next few years. Furthermore, development
of high strength and lightweight high performance alloys may open up new avenues for
market growth.

Non-ferrous alloys including titanium and aluminum accounted for 51% of the total
market in 2013. Demand for non-ferrous alloys is likely to increase in the next few years
due to rising demand for titanium from the aerospace industry. Growth in the aviation
industry in emerging economies such as India, China, Brazil, South Africa and Russia is
expected to boost demand for high performance alloys in these regions in the near future.

Aerospace application dominated the high performance alloys market, accounting for
over 54% share of the market in 2013. Rapid growth in the aerospace industry is
anticipated to significantly drive demand for high performance alloys during the forecast
period. Increasing demand for power generation and oil & gas is also estimated to boost
demand for high performance alloys during the forecast period.

In terms of demand, North America was the leading region in the high performance
alloys market in 2013. This was followed by Europe. North America and Europe accounted for
around 72% share of the total high performance alloys market in 2013. Asia Pacific is
likely to be the fastest growing regional market in terms of demand during the forecast
period.

Related & Recently Published Reports by Transparency Market Research

        - Rare Earth Metals Market:

http://www.transparencymarketresearch.com/rare-earths.html

        - Kaolin Market:

http://www.transparencymarketresearch.com/kaolin-market.html

Key players in the high performance alloys market include Allegheny Technologies Inc,
Aperam, Carpenter Technology Corporation, RTI Metals, and VSMPO. The report segments the
global high performance alloys market as:

High Performance Alloys Market – Product Segment Analysis

Non-ferrous alloys

Platinum group metal alloys

Refractory metal alloys

Superalloys

High Performance Alloys – Application Analysis

Aerospace

Industrial gas turbines

Industrial

Automotives

Oil & gas

Electronics & electrical

Others (Medical, chemical, etc)

Browse the full High Performance Alloys Market Report with TOC at

http://www.transparencymarketresearch.com/high-performance-alloys-market.html

High Performance Alloys – Regional Analysis

North America

Europe

Asia Pacific

Rest of the World (RoW)

Browse All Metals and Minerals Market Research Reports @

http://www.transparencymarketresearch.com/metals-and-minerals-market-reports-20.html

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative forecasting
and trends analysis provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data
sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.

Contact

Ms. Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Company Blog: http://www.tmrblog.com

Blog: http://transparencymarketresearch.areavoices.com

Browse All PR: http://www.transparencymarketresearch.com/press-releases.htm

Browse Press Release of High Performance Alloys Market at @

http://www.transparencymarketresearch.com/pressrelease/high-performance-alloys-market.htm

SOURCE http://www.transparencymarketresearch.com/


Source: PR Newswire



comments powered by Disqus