DUBLIN--(BUSINESS WIRE)--The "Superalloys Market by Base Material and Application - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global superalloys market was valued at $4,158 million in 2016, and is estimated to reach $7,677 million by 2023, growing at a CAGR of 8.9% from 2017 to 2023. In 2016, nickel-based segment held more than half share of the total market.
Superalloys are the group of alloys, which are alloyed particularly with nickel, cobalt, and iron along with other metals to enhance their corrosion resistance. These alloys are widely used in aerospace gas turbine engines, nuclear reactors, power generation turbines, petrochemical equipment, rocket engines, and others owing to their remarkable properties such as high mechanical strength, creep resistance at high temperature, significant surface stability, and corrosion, oxidation, & high-temperature, resistance.
The growth of the global superalloys market is driven by the increase in demand for these alloys in range of industries such as aerospace, oil & gas, automotive, and others. They are widely used in turbine engines, as the thermodynamics efficiency of turbine engines is increased with increasing turbine inlet temperature, which is expected to provide lucrative growth opportunity to the market players.
Nickel-based superalloys is the leading base material segment, as these superalloys possess high-temperature mechanical properties and oxidation resistance. These alloys are majorly used in hottest parts of gas turbines turbine blades, turbine discs, metal processing, and casting blades. Presently, these alloys constitute over 50% of the weight of advanced aircraft engines.
- Allegheny Technologies Incorporated (ATI)
- Haynes International
- Special Metals Corporation
- Carpenter Technology
- AMG Superalloys
- Nippon Yakin Kogyo
- Universal Stainless
- Danyang City Kaixin Alloy Material Co. Ltd.
- Supreme Special Steel Pvt. Ltd.
- TI Steel Private Ltd.
- Balaji Superalloys
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Superalloys Market, By Base Material
Chapter 5: Superalloys Market, By Application
Chapter 6: Superalloys Market, By Region
Chapter 7: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/zhz6ck/global?w=4