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Superalloys Market by Application, Base Material: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 304 Pages
  • December 2022
  • Region: Global
  • Allied Market Research
  • ID: 5118791
UP TO OFF until Nov 15th 2024
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

 

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Table of Contents

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

List of Tables
Table 01. Global Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 02. Global Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 03. Superalloys Market for Aerospace, by Region, 2021-2031 (Revenue, $Million)
Table 04. Superalloys Market for Aerospace, by Region, 2021-2031 (Volume, Kiloton)
Table 05. Superalloys Market for Industrial Gas Turbine, by Region, 2021-2031 (Revenue, $Million)
Table 06. Superalloys Market for Industrial Gas Turbine, by Region, 2021-2031 (Volume, Kiloton)
Table 07. Superalloys Market for Automotive, by Region, 2021-2031 (Revenue, $Million)
Table 08. Superalloys Market for Automotive, by Region, 2021-2031 (Volume, Kiloton)
Table 09. Superalloys Market for Oil and Gas, by Region, 2021-2031 (Revenue, $Million)
Table 10. Superalloys Market for Oil and Gas, by Region, 2021-2031 (Volume, Kiloton)
Table 11. Superalloys Market for Industrial, by Region, 2021-2031 (Revenue, $Million)
Table 12. Superalloys Market for Industrial, by Region, 2021-2031 (Volume, Kiloton)
Table 13. Superalloys Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 14. Superalloys Market for Others, by Region, 2021-2031 (Volume, Kiloton)
Table 15. Global Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 16. Global Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 17. Superalloys Market for Nickel-Based, by Region, 2021-2031 (Revenue, $Million)
Table 18. Superalloys Market for Nickel-Based, by Region, 2021-2031 (Volume, Kiloton)
Table 19. Superalloys Market for Iron-Based, by Region, 2021-2031 (Revenue, $Million)
Table 20. Superalloys Market for Iron-Based, by Region, 2021-2031 (Volume, Kiloton)
Table 21. Superalloys Market for Cobalt-Based, by Region, 2021-2031 (Revenue, $Million)
Table 22. Superalloys Market for Cobalt-Based, by Region, 2021-2031 (Volume, Kiloton)
Table 23. Superalloys Market, by Region, 2021-2031 (Revenue, $Million)
Table 24. Superalloys Market, by Region, 2021-2031 (Volume, Kiloton)
Table 25. North America Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 26. North America Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 27. North America Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 28. North America Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 29. North America Superalloys Market, by Country, 2021-2031 (Revenue, $Million)
Table 30. North America Superalloys Market, by Country, 2021-2031 (Volume, Kiloton)
Table 31. U.S. Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 32. U.S. Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 33. U.S. Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 34. U.S. Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 35. Canada Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 36. Canada Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 37. Canada Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 38. Canada Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 39. Mexico Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 40. Mexico Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 41. Mexico Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 42. Mexico Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 43. Europe Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 44. Europe Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 45. Europe Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 46. Europe Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 47. Europe Superalloys Market, by Country, 2021-2031 (Revenue, $Million)
Table 48. Europe Superalloys Market, by Country, 2021-2031 (Volume, Kiloton)
Table 49. Germany Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 50. Germany Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 51. Germany Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 52. Germany Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 53. UK Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 54. UK Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 55. UK Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 56. UK Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 57. France Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 58. France Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 59. France Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 60. France Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 61. Spain Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 62. Spain Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 63. Spain Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 64. Spain Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 65. Italy Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 66. Italy Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 67. Italy Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 68. Italy Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 69. Rest of Europe Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 70. Rest of Europe Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 71. Rest of Europe Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 72. Rest of Europe Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 73. Asia-Pacific Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 74. Asia-Pacific Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 75. Asia-Pacific Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 76. Asia-Pacific Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 77. Asia-Pacific Superalloys Market, by Country, 2021-2031 (Revenue, $Million)
Table 78. Asia-Pacific Superalloys Market, by Country, 2021-2031 (Volume, Kiloton)
Table 79. China Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 80. China Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 81. China Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 82. China Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 83. Japan Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 84. Japan Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 85. Japan Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 86. Japan Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 87. India Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 88. India Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 89. India Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 90. India Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 91. South Korea Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 92. South Korea Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 93. South Korea Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 94. South Korea Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 95. Australia Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 96. Australia Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 97. Australia Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 98. Australia Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 99. Rest of Asia-Pacific Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 100. Rest of Asia-Pacific Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 101. Rest of Asia-Pacific Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 102. Rest of Asia-Pacific Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 103. LAMEA Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 104. LAMEA Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 105. LAMEA Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 106. LAMEA Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 107. LAMEA Superalloys Market, by Country, 2021-2031 (Revenue, $Million)
Table 108. LAMEA Superalloys Market, by Country, 2021-2031 (Volume, Kiloton)
Table 109. Brazil Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 110. Brazil Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 111. Brazil Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 112. Brazil Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 113. Uae Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 114. Uae Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 115. Uae Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 116. Uae Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 117. Saudi Arabia Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 118. Saudi Arabia Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 119. Saudi Arabia Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 120. Saudi Arabia Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 121. South Africa Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 122. South Africa Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 123. South Africa Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 124. South Africa Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 125. Rest of LAMEA Superalloys Market, by Application, 2021-2031 (Revenue, $Million)
Table 126. Rest of LAMEA Superalloys Market, by Application, 2021-2031 (Volume, Kiloton)
Table 127. Rest of LAMEA Superalloys Market, by Base Material, 2021-2031 (Revenue, $Million)
Table 128. Rest of LAMEA Superalloys Market, by Base Material, 2021-2031 (Volume, Kiloton)
Table 129. Ati: Key Executives
Table 130. Ati: Company Snapshot
Table 131. Ati: Product Segments
Table 132. Ati: Product Portfolio
Table 133. Ati: Key Stratergies
Table 134. Arconic: Key Executives
Table 135. Arconic: Company Snapshot
Table 136. Arconic: Product Segments
Table 137. Arconic: Product Portfolio
Table 138. Arconic: Key Stratergies
Table 139. Beijing International Aeronautical Materials Corporation: Key Executives
Table 140. Beijing International Aeronautical Materials Corporation: Company Snapshot
Table 141. Beijing International Aeronautical Materials Corporation: Product Segments
Table 142. Beijing International Aeronautical Materials Corporation: Product Portfolio
Table 143. Cannon-Muskegon: Key Executives
Table 144. Cannon-Muskegon: Company Snapshot
Table 145. Cannon-Muskegon: Product Segments
Table 146. Cannon-Muskegon: Product Portfolio
Table 147. Carpenter Technology Corporation: Key Executives
Table 148. Carpenter Technology Corporation: Company Snapshot
Table 149. Carpenter Technology Corporation: Product Segments
Table 150. Carpenter Technology Corporation: Product Portfolio
Table 151. Carpenter Technology Corporation: Key Stratergies
Table 152. Chromalloy Gas Turbine LLC: Key Executives
Table 153. Chromalloy Gas Turbine LLC: Company Snapshot
Table 154. Chromalloy Gas Turbine LLC: Product Segments
Table 155. Chromalloy Gas Turbine LLC: Product Portfolio
Table 156. Doncasters Group: Key Executives
Table 157. Doncasters Group: Company Snapshot
Table 158. Doncasters Group: Product Segments
Table 159. Doncasters Group: Product Portfolio
Table 160. Forged Solutions Group: Key Executives
Table 161. Forged Solutions Group: Company Snapshot
Table 162. Forged Solutions Group: Product Segments
Table 163. Forged Solutions Group: Product Portfolio
Table 164. Haynes International.: Key Executives
Table 165. Haynes International.: Company Snapshot
Table 166. Haynes International.: Product Segments
Table 167. Haynes International.: Product Portfolio
Table 168. Hitchiner Manufacturing: Key Executives
Table 169. Hitchiner Manufacturing: Company Snapshot
Table 170. Hitchiner Manufacturing: Product Segments
Table 171. Hitchiner Manufacturing: Product Portfolio

List of Figures
Figure 01. Superalloys Market, 2021-2031
Figure 02. Segmentation of Superalloys Market, 2021-2031
Figure 03. Top Investment Pockets in Superalloys Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. Moderate Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalsuperalloys Market
Figure 10. Patent Analysis by Company
Figure 11. Patent Analysis by Country
Figure 12. Pricing Analysis: Superalloys Market 2021 and 2031
Figure 13. Regulatory Guidelines: Superalloys Market
Figure 14. Value Chain Analysis: Superalloys Market
Figure 15. Superalloys Market, by Application, 2021 (%)
Figure 16. Comparative Share Analysis of Superalloys Market for Aerospace, by Country 2021-2031 (%)
Figure 17. Comparative Share Analysis of Superalloys Market for Industrial Gas Turbine, by Country 2021-2031 (%)
Figure 18. Comparative Share Analysis of Superalloys Market for Automotive, by Country 2021-2031 (%)
Figure 19. Comparative Share Analysis of Superalloys Market for Oil and Gas, by Country 2021-2031 (%)
Figure 20. Comparative Share Analysis of Superalloys Market for Industrial, by Country 2021-2031 (%)
Figure 21. Comparative Share Analysis of Superalloys Market for Others, by Country 2021-2031 (%)
Figure 22. Superalloys Market, by Base Material, 2021 (%)
Figure 23. Comparative Share Analysis of Superalloys Market for Nickel-Based, by Country 2021-2031 (%)
Figure 24. Comparative Share Analysis of Superalloys Market for Iron-Based, by Country 2021-2031 (%)
Figure 25. Comparative Share Analysis of Superalloys Market for Cobalt-Based, by Country 2021-2031 (%)
Figure 26. Superalloys Market by Region, 2021
Figure 27. U.S. Superalloys Market, 2021-2031 ($Million)
Figure 28. Canada Superalloys Market, 2021-2031 ($Million)
Figure 29. Mexico Superalloys Market, 2021-2031 ($Million)
Figure 30. Germany Superalloys Market, 2021-2031 ($Million)
Figure 31. UK Superalloys Market, 2021-2031 ($Million)
Figure 32. France Superalloys Market, 2021-2031 ($Million)
Figure 33. Spain Superalloys Market, 2021-2031 ($Million)
Figure 34. Italy Superalloys Market, 2021-2031 ($Million)
Figure 35. Rest of Europe Superalloys Market, 2021-2031 ($Million)
Figure 36. China Superalloys Market, 2021-2031 ($Million)
Figure 37. Japan Superalloys Market, 2021-2031 ($Million)
Figure 38. India Superalloys Market, 2021-2031 ($Million)
Figure 39. South Korea Superalloys Market, 2021-2031 ($Million)
Figure 40. Australia Superalloys Market, 2021-2031 ($Million)
Figure 41. Rest of Asia-Pacific Superalloys Market, 2021-2031 ($Million)
Figure 42. Brazil Superalloys Market, 2021-2031 ($Million)
Figure 43. Uae Superalloys Market, 2021-2031 ($Million)
Figure 44. Saudi Arabia Superalloys Market, 2021-2031 ($Million)
Figure 45. South Africa Superalloys Market, 2021-2031 ($Million)
Figure 46. Rest of LAMEA Superalloys Market, 2021-2031 ($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap: Superalloys Market
Figure 53. Top Player Positioning, 2021
Figure 54. Ati: Net Sales, 2019-2021 ($Million)
Figure 55. Ati: Revenue Share by Segment, 2021 (%)
Figure 56. Ati: Revenue Share by Region, 2021 (%)
Figure 57. Arconic: Net Sales, 2019-2021 ($Million)
Figure 58. Arconic: Revenue Share by Region, 2021 (%)
Figure 59. Carpenter Technology Corporation: Net Sales, 2020-2022 ($Million)
Figure 60. Carpenter Technology Corporation: Revenue Share by Segment, 2022 (%)
Figure 61. Carpenter Technology Corporation: Revenue Share by Region, 2022 (%)
Figure 62. Haynes International.: Net Revenue, 2019-2021 ($Million)
Figure 63. Haynes International.: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report titled, “Superalloys Market," The superalloys market was valued at $6.8 billion in 2021, and is estimated to reach $15.1 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031.

Superalloys are non-ferrous alloys that exhibit excellent heat resistance and maintain their surface stability, stiffness, strength, and toughness even at very high temperatures. They are created using a two-phase heat treatment process that involves secondary melting techniques such as vacuum arc re-melting and electro slag re-melting, investment casting, powder metallurgy, and induction melting under vacuum. They are utilized at high temperatures in both commercial and military jet engines, where they display good mechanical strength, creep resistance, and corrosion and oxidation resistance. Superalloys are therefore widely utilized in the oil and gas, aerospace, and chemical and petrochemical industries. They are also used in defense systems, power turbines, locomotive engines, and auxiliary power units.

The significant growth of the aerospace industry and the increase in the use of superalloys in the manufacture of jet engines is one of the main factors positively influencing the market. The reason is also the increasing attractiveness of superalloys due to their efficiency and low environmental emissions. In addition, the market is driven by the growing demand for passenger cars and commercial vehicles with powerful engines across the globe. The increased use of high-performance alloys in vehicle turbochargers, exhaust valves, ignition chambers, exhaust cleaner brackets, and nozzles also offers favorable market prospects. In addition, the deepening global energy crisis is catalyzing demand for nuclear power generation, which in turn offers profitable growth opportunities for industrial investors. Additionally, the increasing use of high-performance alloys in the onshore oil and gas industry and offshore exploration, drilling, and production activities is fueling the market growth. In addition, the market growth is accelerated by the continuous development of the aluminum and magnesium mining process and a significant increase in the mining of metals used for alloying.

The superalloys market is segmented on the basis of base material, application, and region. Based on base material, the market is divided between nickel-based, cobalt-based, and iron-based superalloys. The applications segment is categorized into aerospace, industrial gas turbine, automotive, oil & gas, industrial, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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 finding of the study

Asia-Pacific is projected to grow at the highest CAGR of approximately 8.83%, in terms of revenue, during the forecast period.

Based on base material, the nickel-based segment is anticipated to grow with CAGR 8.45%, in terms of revenue, during the forecast period.

The Asia-Pacific and North America dominated the market with a revenue share of over 25.32% and 40.45% in 2021.

A comprehensive analysis of the factors that drive and restrain the market growth is provided.

The qualitative data in this report aims at the market dynamics, trends, and developments in the industry.

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.

COVID-19 impact on end-use industry

The air transport sector suffered a loss of $118 billion owing to the impact from COVID-19. The industry saw travel bans from almost all countries fighting to curb the spread of the virus. The aircrafts construction and manufacturing processes were on hold as were lockdowns imposed.

Since 2021, however, a global recovery in development activities across many industries has been observed, which is fueling the need for superalloys. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automobile production reached 80,2 billion units in 2021, a 3% increase over the 77,7 billion units produced in 2020. This resulted in a rise in demand for superalloys for usage in a variety of automotive applications, hence driving market expansion. In the coming years, the expansion of the superalloys market is anticipated to be driven by an increase in automotive production and a surge in demand from the oil & gas industry.

Companies Mentioned

  • 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

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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