Global NbTi Superconducting Alloy Market Growth 2023-2029

Global NbTi Superconducting Alloy Market Growth 2023-2029

Superconducting materials are divided into low-temperature superconducting materials and high-temperature superconducting materials. Superconducting materials with critical temperature below 25K~30K are low-temperature superconducting materials, and superconducting materials with critical temperature higher than 25K~30K are high-temperature superconducting materials. At present, application devices based on low-temperature superconducting materials generally work at liquid helium temperature (4.2K and below), and application devices based on high-temperature superconducting materials generally work between liquid hydrogen temperature (about 20K) to liquid nitrogen temperature (about 77K).

NbTi is an important low temperature superconducting material. The NbTi alloy can be processed into an alloy by the general refractory metal processing method, and then processed into a multi-core composite superconducting wire with copper (or aluminum) as the matrix by the multi-core composite processing method. Finally, the final alloy is made of β single phase by metallurgical methods. Transform into a two-phase (α+β) alloy with a strong pinning center to meet application requirements. The main difference between NbTi and NbsSn is that NbTi is a binary alloy with good processing plasticity, high strength, low manufacturing cost and low critical magnetic field. It is mainly used for magnetic fields below 10T; The performance is poor and the manufacturing cost is high, but the critical magnetic field is high, and it is mainly used for magnetic fields above 10T.

LPI (LP Information)' newest research report, the “NbTi Superconducting Alloy Industry Forecast” looks at past sales and reviews total world NbTi Superconducting Alloy sales in 2022, providing a comprehensive analysis by region and market sector of projected NbTi Superconducting Alloy sales for 2023 through 2029. With NbTi Superconducting Alloy sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world NbTi Superconducting Alloy industry.

This Insight Report provides a comprehensive analysis of the global NbTi Superconducting Alloy landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on NbTi Superconducting Alloy portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global NbTi Superconducting Alloy market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for NbTi Superconducting Alloy and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global NbTi Superconducting Alloy.

The global NbTi Superconducting Alloy market size is projected to grow from US$ 162.4 million in 2022 to US$ 355.1 million in 2029; it is expected to grow at a CAGR of 355.1 from 2023 to 2029.

Global key players of NbTi Superconducting Alloy include Bruker, Allegheny Technologies, Luvata, JASTEC, Western Superconducting, etc. The top three players hold a share over 61%. North America is the largest market, has a share about 35%, followed by Europe and Asia-Pacific, with share 29% and 27%, separately. In terms of product type, NbTi Superconducting Wire is the largest segment, occupied for a share of 70%, and in terms of application, MRI has a share about 29 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of NbTi Superconducting Alloy market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
NbTi Superconducting Wire
NbTi Superconducting Bar
Others

Segmentation by application
MRI
MCZ
Particle Accelerator
NMR
ITER
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bruker
Allegheny Technologies
Luvata
JASTEC
Western Superconducting
KIS Wire
Furukawa Electric
Supercon, Inc
Alloy Hit
Firmetal Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global NbTi Superconducting Alloy market?

What factors are driving NbTi Superconducting Alloy market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do NbTi Superconducting Alloy market opportunities vary by end market size?

How does NbTi Superconducting Alloy break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.