DUBLIN--(BUSINESS WIRE)--The "Superalloys: Technologies, Applications, and Global Markets" report has been added to Research and Markets' offering.
The global superalloy market reached $5.2 billion in 2015. This market is expected to increase from nearly $5.6 billion in 2016 to $7.7 billion in 2021 at a compound annual growth rate (CAGR) of 6.6% for 2016-2021.
This report provides a global overview of the market for superalloys, with breakdowns by region and by major technology. The goal in conducting this study was to assess and describe the current status and potential growth of the worldwide use of superalloys, and associated markets.
Several key factors are currently influencing superalloy production and associated markets, across a variety of applications. Continued advancement of the global air travel industry, both for cargo and personal transit, is enabling major airlines to upgrade their fleets to newer, more energy efficient planes sporting modernized, superalloy containing engines.
Industrial and power generation applications market is expected to grow from $2.3 billion in 2016 to nearly $3.4 billion in 2021 at a CAGR of 7.7% from 2016 through 2021.
In the power generation industry, new deployments of gas turbines and repowering of older technologies such as coal with natural gas supports advancement in these markets, both for gas and steam turbines. Global advances in industrial production are also driving the increased use of superalloys in that category, while volatility in the oil and gas industry may be calming down with oil prices that are approaching increased stability.
Finally, automotive technologies are continuing to advance, especially surrounding increased fuel efficiency, which is driving the use of superalloys in that category.
Transportation applications market is expected to grow from $3.2 billion in 2016 to nearly $4.3 billion in 2021 at a CAGR of 5.7% from 2016 through 2021.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Summary and Highlights
Chapter 3: Overview
Chapter 4: Aircraft Jet Engines
Chapter 5: Power Generation
Chapter 6: Industrial Processes
Chapter 7: Oil and Gas Extraction Applications
Chapter 8: Automotive Applications
Chapter 9: Global Superalloy Market Summary
Chapter 10: Industry and Trends
Chapter 11: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/tgtb38/superalloys