Market Size
The Global Super Alloys Market reached USD 6.5 billion in 2022 and is expected to reach USD 11.3 billion by 2031, growing with a CAGR of 7.9% during the forecast period 2024-2031.
Asia-Pacific claims the largest share in the global superalloys market, accounting for almost one-third of the market. This significant presence is attributed to the region's abundant mineral reserves and the expanding end-user verticals, particularly in the automotive and aerospace industries.
Download... moreMarket Size
The Global Super Alloys Market reached USD 6.5 billion in 2022 and is expected to reach USD 11.3 billion by 2031, growing with a CAGR of 7.9% during the forecast period 2024-2031.
Asia-Pacific claims the largest share in the global superalloys market, accounting for almost one-third of the market. This significant presence is attributed to the region's abundant mineral reserves and the expanding end-user verticals, particularly in the automotive and aerospace industries.
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Market Growth
Fluctuations in Raw Material Costs
Superalloys, engineered for exceptional performance under extreme conditions, are integral to industries such as aerospace, energy, automotive, and defense, given their resilience to high temperatures, stress, and corrosion.
Segment Analysis
By Material
Iron-based superalloys
Nickel-based superalloys
Cobalt-based superalloys
By Application
Aerospace
Oil and gas
Automotive
Power Generation
Electronics
Others
Top Key Players
Key Industry Players: IHI Corporation, HAYNES INTERNATIONAL, Allegheny Technologies Incorporated (ATI), CRS Holdings Inc., Doncasters, Aviva Metals, Cannon-Muskegon, Mikron Tool SA, AMG Advanced Metallurgical Group, and UNIVERSAL STAINLESS.
