DUBLIN--(BUSINESS WIRE)--The "Shape Memory Alloys Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global shape memory alloys market reached a value of US$ 6.8 Billion in 2019. Looking forward, the publisher expects the market to reach a value of US$ 12.1 Billion by 2025, exhibiting a CAGR of around 10% during 2020-2025.
The growing automotive industry is one of the key factors driving the growth of the market. Furthermore, significant developments in other industry verticals, such as robotics, biomedical, civil, defense and aerospace, are also contributing to the market growth.
With the growing adoption of consumer electronics across the globe, there is an increasing preference for SMAs that can be stretched or bent as per the requirement of the consumer. Additionally, increasing preference for nitinol alloys is acting as another growth-inducing factor. In the medical sector, SMAs are utilized in the production of medical implants, such as stents, dental wires, orthopedic screws and other surgical equipment.
Other factors, including the growing product adoption in the aerospace sector, increasing defense expenditures by the governments of both developed and emerging economies and significant growth in the construction industry, are projected to drive the market in the upcoming years.
The competitive landscape of the industry has also been examined with some of the key players being Allegheny Technologies, ATI Specialty Alloys & Components, Dynalloy Inc., Euroflex Gmbh, Fort Wayne Metals, G. Rau GmbH & Co. KG, Metalwerks Inc, Nippon Steel Corporation, SAES Getters, The Furukawa Electric Co. Ltd., TiNi Aerospace Inc., Ultimate Niti, etc.
Key Questions Answered
- How has the global shape memory alloys market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the alloy type?
- What is the breakup of the market based on the end-use industry?
- What is the breakup of the market based on the functionality type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global shape memory alloys market and who are the key players?
- What is the degree of competition in the market?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Shape Memory Alloys Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Alloy Type
6.2 Copper-Based Alloys
7 Market Breakup by End-Use Industry
7.2 Aerospace & Defense
7.4 Consumer Electronics & Home Appliances
8 Market Breakup by Functionality Type
8.1 Super-elasticity (or Pseudoelasticity)
8.2 Constrained Recovery
8.3 Free Recovery
9 Market Breakup by Application
9.2 Motors and Actuators
9.4 Structural Material
10 Market Breakup by Region
10.1 North America
10.2 Asia Pacific
10.4 Latin America
10.5 Middle East and Africa
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Allegheny Technologies
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 SWOT Analysis
14.3.2 Baoji Seabird Metal Material Co.
14.3.3 Dynalloy Inc.
14.3.4 Euroflex GmbH
14.3.5 Fort Wayne Metals
14.3.6 G. Rau GmbH & Co. KG
14.3.7 Metalwerks Inc.
14.3.8 Nippon Steel Corporation
14.3.9 SAES Getters
14.3.10 The Furukawa Electric Co. Ltd.
14.3.11 TiNi Aerospace Inc.
14.3.12 Ultimate Niti
For more information about this report visit https://www.researchandmarkets.com/r/wm765x