Global Superalloy Market Growth 2023-2029

Global Superalloy Market Growth 2023-2029

Super alloy that exhibit excellent mechanical strength and creep resistance at high temperatures, good surface stability, and corrosion and oxidation resistance. They typically have an austenitic face-Center, and cubic crystal structure with a base alloying element of nickel, cobalt, or nickel-iron. The development of Superalloy has primarily been driven by the aerospace and power industries.

The corrosion-resistant Superalloy is widely used in extreme environments where tremendous heat and corrosion resistance is paramount to the integrity of the end product. Chemical and petrochemical processing, power plants, and oil and gas industries widely use this superalloy.

Many of the industrial nickel-based superalloy contains alloying elements, including chromium (Cr), aluminum (Al), titanium (Ti), molybdenum (Mo), tungsten (W), niobium (Nb), tantalum (Ta) and cobalt (Co).

The Superalloy industry can be broken down into several segments, Iron Based Superalloy, Cobalt Based Superalloy, Nickel Based Superalloy, etc.

Across the world, the major players cover Precision Castparts Corporation, ATI, Haynes, Carpenter, Aperam, Eramet Group, AMG, Hitachi Metals, CMK Group, VDM, etc.

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

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

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

The global Superalloy market size is projected to grow from US$ 10020 million in 2022 to US$ 15710 million in 2029; it is expected to grow at a CAGR of 15710 from 2023 to 2029.

Global Superalloy key players include Precision Castparts Corporation, ATI, Carpenter, etc. Global top three manufacturers hold a share about 40%.

Europe is the largest market, with a share about 40%, followed by North America and Asia-Pacific, both have a share over 55 percent.

In terms of product, Nickel Based Superalloy is the largest segment, with a share over 80%. And in terms of application, the largest application is Aerospace, followed by IGT (Electricity).

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

Market Segmentation:

Segmentation by type
Nickel Based Superalloy
Iron Based Superalloy
Cobalt Based Superalloy

Segmentation by application
Aerospace
IGT (Electricity)
IGT (Mechanical)
Industrial
Automotive
Oil&Gas
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.
Precision Castparts Corporation
ATI
Haynes
Carpenter
Aperam
Eramet Group
AMG
Hitachi Metals
CMK Group
VDM
Nippon Yakin Kogyo
Doncasters
Fushun Special Steel
CISRI Gaona
BaoSteel
ANSTEEL
Zhongke Sannai
Western Superconducting Technologies

Key Questions Addressed in this Report

What is the 10-year outlook for the global Superalloy market?

What factors are driving Superalloy market growth, globally and by region?

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

How do Superalloy market opportunities vary by end market size?

How does Superalloy 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.