Global Shape Memory Alloys Market Growth 2025-2031

The global Shape Memory Alloys market size is predicted to grow from US$ 892 million in 2025 to US$ 1489 million in 2031; it is expected to grow at a CAGR of 8.9% from 2025 to 2031.

A shape memory alloy (SMA) is an alloy that "remembers" its original shape and that when deformed returns to its pre-deformed shape when heated. This material is a lightweight, solid-state alternative to conventional actuators such as hydraulic, pneumatic, and motor-based systems. Shape-memory alloys have applications in industries including Automotive, aerospace, and biomedical and robotics. Nickel-titanium alloys have been found to be the most useful of all SMAs. Other shape memory alloys include copper-aluminum-nickel, copper-zinc-aluminum, and iron-manganese-silicon alloys. The generic name for the family of nickel-titanium alloys is Nitinol.

The data in this report include the semi-finished products (bars, Tubes, wire, pipe, etc), components and devices in shape memory alloy.

Global Shape Memory Alloys key players include Nitinol Devices & Components, SAES Getters, G.RAU GmbH & Co. KG, Fort Wayne Metals, ATI Wah-chang, etc. Global top five manufacturers hold a share over 45%.

North America is the largest market, with a share about 45%, followed by Europe, and Japan, both have a share over 30 percent.

In terms of product, Nickel-Titanium is the largest segment, with a share over 75%. And in terms of application, the largest application is Medical Applications, followed by Automotive, Aircraft Applications, Home Appliance, etc.

LP Information, Inc. (LPI) ' newest research report, the “Shape Memory Alloys Industry Forecast” looks at past sales and reviews total world Shape Memory Alloys sales in 2024, providing a comprehensive analysis by region and market sector of projected Shape Memory Alloys sales for 2025 through 2031. With Shape Memory Alloys sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shape Memory Alloys industry.

This Insight Report provides a comprehensive analysis of the global Shape Memory Alloys 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 Shape Memory Alloys portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Shape Memory Alloys market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shape Memory Alloys 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 Shape Memory Alloys.

This report presents a comprehensive overview, market shares, and growth opportunities of Shape Memory Alloys market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Nickel-Titanium
Copper Based
Fe Based
Others

Segmentation by Application:
Medical Applications
Aircraft Applications
Automotive
Home Appliance
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 analysing the company's coverage, product portfolio, its market penetration.
Nitinol Devices & Components
SAES Getters
G.RAU GmbH & Co. KG
ATI Wah-chang
Johnson Matthey
Fort Wayne Metals
Furukawa Electric
Nippon Steel & Sumitomo Metal
Nippon Seisen
Metalwerks PMD
Ultimate NiTi Technologies
Dynalloy
Grikin
PEIER Tech
Saite Metal
Smart
Baoji Seabird Metal
GEE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Shape Memory Alloys market?

What factors are driving Shape Memory Alloys market growth, globally and by region?

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

How do Shape Memory Alloys market opportunities vary by end market size?

How does Shape Memory Alloys break out by Type, by Application?

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