Global High Performance Alloys Market: Snapshot

The global high performance alloys market receives a high degree of impetus from the aerospace and power industries. Increasing global population, changing consumer preferences, development in economy, consumer awareness, and urbanization are some other factors that are driving the high performance alloys market. Technological advancement and an increased level of production leading to attaining economies of scale have enabled the use of high performance in a wide range of applications.

High performance alloys are characterized by excellent mechanical strength, superlative corrosion, good surface stability, and oxidation resistance. They are designed to be suitable for intense conditions such as elevated temperatures and pressures. These properties of high performance alloys make them ideal for a number of industrial applications. Besides their typical applications in the aerospace industry and in the industrial gas turbines sector, high performance alloys are used in automotive, military, oil and gas rail engineering, marine, electronics, and other industrial applications.

However, factors such as high costs involved in the manufacture of high performance alloys over conventional alloys is estimated to challenge the market’s growth. Nevertheless, development of light weight, high strength, and high performance alloys is expected to benefit the growth of this market.

The global market for high performance alloys is expected to rise to a valuation of US$9.09 bn by 2020 increasing from US$6.82 bn in 2013 at a CAGR of 4.2% between 2014 and 2020.

Aerospace to Stay as Leading Application Segment in Future

Non-ferrous alloys stood as the leading product segment holding 51.0% of the overall market in 2013. Due to the superior mechanical properties of non-ferrous alloys, they are suitable for a large number of applications. Superalloys are the second-leading product segment in this market. Superalloys are characterized by toughness, superior phase stability, high temperature strength, and resistance to corrosion and oxidation.

In 2013, aerospace stood as the leading application segment accounting for 56.9% of the overall market for high performance alloys. This is because almost 60% of an aircraft is constituted of high performance alloys. This application segment is expected to dominate in the forthcoming years as well. Power generation applications are expected to display substantial demand for high performance alloys as gas turbines require high quality materials that can withstand elevated temperatures.

Asia Pacific to Emerge as Significant Consumer of High Performance Alloys

North America stood as the leading regional market for high performance alloys in 2013. This was followed by Europe on account of increasing demand for high performance alloys from the automotive industry. The U.K. and Germany are the leading consumers of high performance alloys in the region. Asia Pacific and the Middle East in the Rest of the World are anticipated to be next fastest growing regional markets in terms of demand. Strong economic growth in these regions leading to the growth of aviation industry is displaying a high demand for high performance alloys for the manufacture of aircraft. This includes demand for high performance alloys for commercial as well as defense aircraft. The oil and gas industry is also expected to be a significant consumer of high performance alloys in the Middle East.

The Rest of the World region is expected to display significant demand for high performance alloys in the future. Latin America is one of the leading consumers of high performance alloys in this region. Strong economic growth in the region has benefitted leading airlines as well as low-cost carriers in terms of increased air traffic. This, in turn, has benefitted the growth of high performance alloys market.

Some of the leading companies in the global high performance alloys market are Allegheny Technologies Inc., Carpenter Technology Corporation, VSMPO, Aperam, and RTI International Metals Inc.

 
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
      1.2.1 Global high performance alloys market segmentation
1.3 Research Scope
      1.3.1 Assumptions
1.4 Research methodology
 
Chapter 2 Executive Summary
2.1 Global high performance alloys market, 2013-2020 (Kilo Tons) (USD Million)
2.2 Global high performance alloys market snapshot, 2013 & 2020
 
Chapter 3 High Performance Alloys – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers      
      3.3.1 Demand from aerospace industry is expected to propel the growth of high performance alloys market
              3.3.1.1 Global large commercial aircraft delivery, 2014 – 2020, (Aircraft Units)
      3.3.2 Growing demand for power generation is anticipated to drive the high performance alloys market
               3.3.2.1 Global gas turbines revenue,2014-2020,(USD Billion)
      3.3.3 Automobile industry to augment high performance alloys market
               3.3.3.1 Global automotive market volume,2013-2020(Million Units)
3.4 Market restraints
      3.4.1 Capital intensive manufacturing of high performance alloys over conventional alloys is expected to hamper market
3.5 Market opportunity
      3.5.1 Development of high strength, light weight, high performance alloys to open new avenues for market
3.6 Porter’s five forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat from new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Market attractiveness analysis
      3.7.1 Global high performance alloys market attractiveness, by product segment, 2012
3.8 Company market share analysis
      3.8.1 Global high performance alloys market share, by company, 2013
 
Chapter 4 High Performance Alloys Market – Product Analysis
4.1 Global high performance alloys market: Product overview
      4.1.1 Global high performance alloys market volume share, by product, 2013 and 2020
4.2 Global high performance alloys market, by product
      4.2.1 Non-ferrous
              4.2.1.1 Global non-ferrous alloys market, 2013 – 2020 (Kilo Tons) (USD Million)
      4.2.2 Platinum group alloys
              4.2.2.1 Global platinum group alloys market, 2013 – 2020 (Kilo Tons) (USD Million)
      4.2.3 Refractory alloys
              4.2.3.1 Global refractory alloys market, 2013 – 2020 (Kilo Tons) (USD Million)
      4.2.4 Superalloys
              4.2.4.1 Global superalloys market, 2013 – 2020 (Kilo Tons) (USD Million)
 
Chapter 5 High Performance Alloys Market – Application Analysis
5.1 Global high performance alloys market: Application analysis
      5.1.1 Global high performance alloys market volume share, by application, 2013 and 2020
      5.1.2 Aerospace
              5.1.2.1 Global high performance alloys market for aerospace application, 2013 – 2020 (Kilo Tons) (USD Million)
             5.1.2.2 Global high performance alloys market for industrial gas turbines application, 2013 – 2020 (Kilo Tons) (USD Million)
      5.1.3 Industrial
              5.1.3.1 Global high performance alloys market for industrial application, 2013 – 2020 (Kilo Tons) (USD Million)
      5.1.4 Automotives
              5.1.4.1 Global high performance alloys market for automotive application, 2013 – 2020 (Kilo Tons) (USD Million)
      5.1.5 Oil & gas
              5.1.5.1 Global high performance alloys market for oil & gas application, 2013 – 2020 (Kilo Tons) (USD Million)
      5.1.6 Electronic & electrical
              5.1.6.1 Global high performance alloys market for electronic and electrical application, 2013 – 2020 (Kilo Tons) (USD Million)
      5.1.7 Others
              5.1.7.1 Global high performance alloys market for other applications, 2013 – 2020 (Kilo Tons) (USD Million)
 
Chapter 6 High Performance Alloys Market – Regional Analysis
6.1 Global high performance alloys market: Regional analysis
      6.1.1 Global high performance alloys market volume share, by region, 2013 and 2020
6.2 North America
      6.2.1 North America high performance alloys market, by product, 2013 – 2020 (Kilo Tons)
      6.2.2 North America high performance alloys market, by product, 2013 – 2020 (USD Million)
      6.2.3 North America high performance alloys market, by application, 2013 – 2020 (Kilo Tons)
      6.2.4 North America high performance alloys market, by application, 2013 – 2020 (USD Million)
6.3 Europe
      6.3.1 Europe high performance alloys market, by product, 2013 – 2020 (Kilo Tons)
      6.3.2 Europe high performance alloys market, by product, 2013 – 2020 (USD Million)
      6.3.3 Europe high performance alloys market, by application, 2013 – 2020 (Kilo Tons)
      6.3.4 Europe high performance alloys market, by application, 2013 – 2020 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific high performance alloys market, by product, 2013 – 2020 (Kilo Tons)
      6.4.2 Asia Pacific high performance alloys market, by product, 2013 – 2020 (USD Million)
      6.4.3 Asia Pacific high performance alloys market, by application, 2013 – 2020 (Kilo Tons)
      6.4.4 Asia Pacific high performance alloys market, by application, 2013 – 2020 (USD Million)
6.5 Rest of the world (RoW)
      6.5.1 RoW high performance alloys market, by product, 2013 – 2020 (Kilo Tons)
      6.5.2 RoW high performance alloys market, by product, 2013 – 2020 (USD Million)
      6.5.3 RoW high performance alloys market, by application, 2013 – 2020 (Kilo Tons)
      6.5.4 RoW high performance alloys market, by application, 2013 – 2020 (USD Million)
 
Chapter 7 Company Profiles
7.1 Aperam S.A.
      7.1.1 Company overview
      7.1.2 Product portfolio
      7.1.3 Financial overview
      7.1.4 Business strategy
      7.1.5 SWOT analysis
7.2 Allegheny Technologies Limited
      7.2.1 Company overview
      7.2.2 Product portfolio
      7.2.3 Financial overview
      7.2.4 Business strategy
      7.2.5 SWOT analysis
      7.2.6 Recent developments
7.3 Carpenter Technology Corporation
      7.3.1 Company overview
      7.3.2 Product portfolio
      7.3.3 Financial overview
      7.3.4 Business strategy
      7.3.5 SWOT analysis
      7.3.6 Recent developments
7.4 Haynes International, Inc.
      7.4.1 Company overview
      7.4.2 Product portfolio
      7.4.3 Business strategy
      7.4.4 SWOT analysis
      7.4.5 Recent developments
7.5 Outokumpu Oyj
      7.5.1 Company overview
      7.5.2 Product portfolio
      7.5.3 Financial overview
      7.5.4 Business strategy
      7.5.5 SWOT analysis
      7.5.6 Recent developments
7.6 RTI International Metals Inc
      7.6.1 Company overview
      7.6.2 Product portfolio
      7.6.3 Financial overview
      7.6.4 Business strategy
      7.6.5 SWOT analysis
      7.6.6 Recent developments
7.7 ThyssenKrupp AG
      7.7.1 Company overview
      7.7.2 Product portfolio
      7.7.3 Financial overview
      7.7.4 Business strategy
      7.7.5 SWOT analysis
      7.7.6 Recent developments
7.8 Verkhnesaldinskoye Metallurgicheskoe Proizvodstvennoe Obyedinenie
      7.8.1 Company overview
      7.8.2 Product portfolio
      7.8.3 Financial overview
      7.8.4 Business strategy
      7.8.5 SWOT analysis
      7.8.6 Recent developments
List of Tables 
 
TABLE 1 High performance alloys: Global snapshot
TABLE 2 Product type and alloys of high performance alloys market
TABLE 3 Drivers for high performance alloys market: Impact analysis
TABLE 4 Regional passenger traffic and capacity growth in 2012
TABLE 5 Restraints for high performance alloys market: Impact analysis
TABLE 6 Relative comparison of materials based on machinability index
TABLE 7 North America high performance alloys market, by product, 2013 – 2020 (Kilo Tons)
TABLE 8 North America high performance alloys market, by product, 2013 – 2020 (USD Million)
TABLE 9 North America high performance alloys market, by application, 2013 – 2020 (Kilo Tons)
TABLE 10 North America high performance alloys market, by application, 2013 – 2020 (USD Million)
TABLE 11 Europe high performance alloys market volume, by product, 2013 – 2020 (Kilo Tons)
TABLE 12 Europe high performance alloys market, by product, 2013 – 2020 (USD Million)
TABLE 13 Europe high performance alloys market, by application, 2013 – 2020 (Kilo Tons)
TABLE 14 Europe high performance alloys market, by application, 2013 – 2020 (USD Million)
TABLE 15 Asia Pacific high performance alloys market, by product, 2013 – 2020 (Kilo Tons)
TABLE 16 Asia Pacific high performance alloys market, by product, 2013 – 2020 (USD Million)
TABLE 17 Asia Pacific high performance alloys market, by application, 2013 – 2020 (Kilo Tons)
TABLE 18 Asia Pacific high performance alloys market, by application, 2013 – 2020 (USD Million)
TABLE 19 RoW high performance alloys market, by product, 2013 – 2020 (Kilo Tons)
TABLE 20 RoW high performance alloys market, by product, 2013- 2020 (USD Million)
TABLE 21 RoW high performance alloys market, by application, 2013- 2020 (Kilo Tons)
TABLE 22 RoW high performance alloys market, by application, 2013- 2020 (USD Million)

List of Figures 

 

FIG. 1 Global high performance alloys market segmentation

FIG. 2 Global high performance alloys market, 2013-2020 (Kilo Tons) (USD Million)

FIG. 3 High performance alloys: Value chain analysis

FIG. 4 Global large commercial aircraft delivery, 2013 – 2020, (Aircraft Units)

FIG. 5 Global gas turbines revenue, 2014 – 2020, (USD Billion)

FIG. 6 Global automotive market (cars and commercial vehicles) volume, 2013– 2020, (Million Units)

FIG. 7 Porter’s five forces analysis for high performance alloys market

FIG. 8 High performance alloys: Market attractiveness analysis

FIG. 9 Global high performance alloys market share, by company, 2013

FIG. 10 Global high performance alloys market volume share, by product, 2013 and 2020

FIG. 11 Global demand for non-ferrous high performance alloys, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 12 Global demand for platinum group high performance alloys, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 13 Global demand for refractory high performance alloys, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 14 Global demand for superalloys, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 15 Global high performance alloys market volume share, by application, 2013 and 2020

FIG. 16 Global high performance alloys market for aerospace application, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 17 Global high performance alloys market for industrial gas turbines application, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 18 Global high performance alloys market for industrial application, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 19 Global high performance alloys market for automotive application, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 20 Global high performance alloys market for oil & gas application, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 21 Global high performance alloys market for electronic & electrical application, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 22 Global high performance alloys market for other applications, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 23 Global high performance alloys market volume share, by region, 2013 and 2020

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High Performance Alloys Market