Global Superalloys Market
The global superalloys market is expected to reach USD 12.77 billion by 2031 from USD 7.48 billion in 2023, growing with a substantial CAGR of 7.0% during the forecast period of 2024 to 2031.
Global Superalloys Market, By Product Type (Nickel-Based Superalloys, Cobalt-Based Superalloys, and Iron Based Superalloys), Application (Aerospace and Defense, Industrial Gas Turbines, Automotive, Oil and Gas, Power, Marine Industry, Chemical Processing Industry, Nuclear Reactors, Electrical and Electronics, and Others), Countries (U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Turkey, Switzerland, Belgium, Netherlands, Norway, Sweden, Finland, Denmark, Poland, rest of Europe, China, Japan, South Korea, India, Singapore, Indonesia, Malaysia, Australia, Taiwan, Thailand, Philippines, New Zealand, Vietnam, rest of Asia-Pacific, Brazil, Argentina, rest of South America, U.A.E, Saudi Arabia, Israel, South Africa, Egypt, Qatar, Oman, Kuwait, Bahrain, and rest of Middle East and Africa) – Industry Trends and Forecast to 2031.
Overview of Global Superalloys Market Dynamics:Drivers
• Growing demand for superalloys from aerospace industry
• Increased defense budgets and military investments globally
Restraint
• Limited raw materials availability
Opportunity
• Technological advancements and innovations in superalloy manufacturing and processing technologies
Market Players:
The key market players operating in the global superalloys market are listed below:
• Special Melted Products Ltd.
• Proterial, Ltd.
• Precision Castparts Corp.
• BAOTI Group Co.,Ltd
• Sandvik Coromant US
• voestalpine High Performance Metals GmbH (A Subsidiary of voestalpine AG)
• Rolled Alloys Inc.
• VDM Metals
• Doncasters Group
• Fushun Special Steel Co., Ltd.
• Alcoa Corporation
• Outokumpu
• Aperam
• ATI
• CRS Holdings, LLC.
• HAYNES INTERNATIONAL
• AMG ALUMINUM
• IBC Advanced Alloys
• Eramet
• Mishra Dhatu Nigam Limited