Global Niobium-titanium Alloys Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Niobium-titanium Alloys Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Niobium titanium alloy refers to the alloy composed of niobium and titanium. It is an important alloy superconducting material, and its superconducting transition temperature is 8 ~ 10K. The superconducting performance can be further improved by adding other elements. Niobium-titanium Alloys can be divided into Wire, Bar, which are widely used in Accelerator, Magnetic Resonance Imaging (MRI), International Thermonuclear Experimental Reactor (ITER), etc.

Market Overview:

The latest research study on the global Niobium-titanium Alloys market finds that the global Niobium-titanium Alloys market reached a value of USD 259.31 million in 2022. It’s expected that the market will achieve USD 365.49 million by 2028, exhibiting a CAGR of 5.89% during the forecast period.

Advantages of Niobium-titanium Alloys

All raw materials of NbTi superconductors have the ability of easy deformation (i.e., NbTi alloy and high purity copper). Due to the good deformability of these raw materials, long NbTi superconducting wires can be produced. All raw materials of NbTi superconductors are readily available which means that the material cost is much lower than other superconductors. NbTi superconductors are much more reliable and stable than other superconductors, and their performance degradation is much slower during the manufacturing and operation of magnets. Therefore, NbTi superconducting wire has been widely used in magnetic resonance imaging (MRI), nuclear magnetic resonance (NMR), high-energy particle accelerators, Tokamak fusion reactors (e.g., International Thermonuclear Experimental Reactor [ITER] project), magnetic separation systems, power systems, superconducting energy storage system (SMES), etc. Unlike traditional conductors such as copper, superconductors can transmit power with perfect efficiency, because electrons will not encounter friction when traveling in superconducting wires. Superconducting magnet is a key component of particle accelerators such as Large Hadron Collider. These factors will promote the continuous growth of downstream demand of Niobium-titanium Alloys industry.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. Many companies join in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

In 2022, the share of the Niobium-titanium Alloys market in North America stood at 39.7%.

Company Overview:

Allegheny Technologies is one of the major players operating in the Niobium-titanium Alloys market, holding a share of 67.6% in 2023.

Allegheny Technologies

Allegheny Technologies Incorporated (ATI) is a global manufacturer of technically advanced specialty materials and complex components. Allegheny Technologies Incorporated (ATI) is a market leader in manufacturing and producing differentiated specialty alloys and forgings.

Bruker

Bruker Corporation is an American manufacturer of scientific instruments for molecular and materials research, as well as for industrial and applied analysis. It is headquartered in Billerica, Massachusetts and is the publicly traded parent company of Bruker Scientific Instruments (Bruker AXS, Bruker BioSpin, Bruker Daltonics and Bruker Optics) and Bruker Energy & Supercon Technologies (BEST) divisions.

Segmentation Overview:

By type, Wire segment accounted for the largest share of market in 2022.

Application Overview:

By application, the NbTi for MRI segment occupied the biggest share from 2018 to 2022.

NbTi for Accelerator

Nb-Ti SC magnets were used in the main ring of the accelerator. The magnets were wound with tons of copper cables containing tons of Nb-Ti filaments.

NbTi for MRI

Magnetic resonance imaging (MRI) is a medical imaging technology, which uses magnetic fields and computer-generated radio waves to create detailed images of body organs and tissues. The conductor used in Magnetic Resonance Imaging (MRI) is niobium-titanium (NbTi).

NbTi for ITER

ITER is an international nuclear fusion research and engineering megaproject aimed at replicating the fusion processes of the Sun to create energy on earth. ITER uses Niobium–titanium for its poloidal field coils.

Key Companies in the global Niobium-titanium Alloys market covered in Chapter 3:

Japan Superconductor Technology
Luvata
Western Superconducting Technologies
Bruker
Allegheny Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Niobium-titanium Alloys market from 2018 to 2029 is primarily split into:

Wire
Bar

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Niobium-titanium Alloys market from 2018 to 2029 covers:

NbTi for Accelerator
NbTi for MRI
NbTi for ITER
Other Applications

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)