According to material science, creep or cold flow of materials is defined as the tendency of a solid material to distort or deform permanently when exposed to prolonged mechanical stress. Mechanical creep occurs in materials when they are subjected to high level of stress for a long term, below the yield strength of the materials. Creep resistance is the ability of the material to resist any kind of distortion when subjected to prolonged compressive load over an extended period of time. Creep generally develops in materials that are subjected to mechanical stress at high operating temperature and pressure. Creep management is used in various applications such as heat exchangers, jet engines, nuclear power plants, refineries, and high capacity kilns which operate under high levels of stress and temperature without causing any change to their material dimensions.

Measurement of creep behavior of a metal is determined by measuring the strain deformation as function of time under constant stress. Occurrence of creep is not limited to materials of low tensile strength, but it is also susceptible to occurring to high strength materials having high heat resistance. Atomic bond between molecules of the materials starts failing at high temperature causing the movement of atoms and atomic planes within the materials. This movement of atomic bonds at high temperatures results in restructuring of atoms, causing movements of dislocations and diffusion of the bonds that further leads to permanent deformation of the materials even with high tensile strength. Creep is a risky phenomenon and can cause unanticipated failure of materials at high temperature.

In recent times, advanced methods and techniques have been devised and several other experiments are being carried on around the globe to make materials creep-free by using special performance enhancing additives. Some of the modern creep resistance materials are made of carbon-carbon and ceramic-ceramic composites for applications up to 1,600°C and above. Recent developments of the inter-metallic compounds such as Ti Si3 and MoSi2 has shown improved behavior against creep with enhanced mechanical properties and improved deformation behavior. Combination of high-strength, thermodynamically compatible, and ductile reinforcements with conventional materials have shown improved toughening and strengthening mechanisms for high-temperature service. Modern composites have displayed improved behavior against creep with increased fracture toughness, oxidation resistance, combine strength, and mechanical and microstructural stability over the broad range of high temperature when combined with carbon fiber and titanium alloys.

Carbon fiber reinforced with titanium alloys is a creep resistant material used in turbine blades and jet engine operations. It is one of the hardest high performance creep resistant material available which is 50% harder than tungsten carbide. Molecular density of carbon fiber reinforced titanium is in excess of 95% of most materials which can be used in high purity applications. Certain grades of stainless steel used in weld metals have shown higher resistance to creep than that of others at high temperature. Stainless steel with 0.04% to 0.08% of carbon has shown higher creep resistance as compared to other grades of steel with lower carbon percentages. Creep failure sometimes take years to occur depending on the temperature resistance of the material.

A major part of the demand for creep resistance materials is received from China, Japan, the U.S., and France. Presently, North America and Asia Pacific are the prominent markets for creep resistance materials, in terms of volume and revenue. Europe is another leading market for creep resistance materials, owing to its established aviation and aerospace industry. The market for creep resistance material in Asia Pacific is projected to expand at a modest growth rate in the near future. This is attributed to the growing economy of China, Japan, and India and the increasing demand for high performance materials in different industrial sectors in these countries.

Slow-down of global economy and high cost of materials are the major restraints for the global creep resistance materials market. Key players with a global presence in the creep resistant materials market are Saint-Gobain, Bohler Edelstahl, Thyssen Krupp, Acerinox, and Aperam.

Rise in demand for high performance materials and super alloys across the globe provides immense potential for the expansion of the creep resistance materials market. Increase in demand for high temperature resistance steel grades in the turbines, defense, jet engines, and nuclear reactors is another factor contributing to its growth
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Creep Resistance Materials Market

Pre Book