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Shape Memory Alloys Market by Type, End-Use Industry And Region - Global Forecast to 2022

Shape Memory Alloys Market: Global Forecast until 2022

  • May 2018
  • 127 pages
  • ID: 5398032
In this report:
Automotive is the third-largest end-use industry of SMAs, accounting ##.##% of the market in 2016, in terms of value.
APAC is expected to be the fastest-growing SMAs market for the aerospace & defense industry, registering a CAGR of ##.##%, in terms of value, between 2017 and 2022.
Consumer electronics & home appliances is the fastest-growing end-use industry of SMAs in the region, registering a CAGR of ##.##% between 2017 and 2022.

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The shape memory alloys market is estimated to rise at a compound annual growth rate of 12.30 percent between 2017 and 2022

The shape memory alloys market is projected at ~$10.6B in 2017 and is projected to extend ~$19.0B by 2022, at a compound annual growth rate of 12.30 percent between 2017 and 2022. The rise of the shape memory alloys market can be connected to the growing demand from the biomedical, aerospace & defense, automotive, consumer electronics & home appliances markets across the world. Growing cost of raw materials, including nickel, copper, titanium, aluminum, and other materials acts as a main restraint for the industry. Also, the increasing demand for these alloys from emerging economies in the APAC has led to a demand and supply imbalance. Shape memory alloys find applications in several end-use sectors as a result of their unique properties, including pseudo elasticity, shape memory effect, high fatigue life, and damping.

Among types, nitinol alloys is intended to be the biggest segment of the shape memory alloys market

Nitinol alloys are expected to be the most important as well as the quickest-increasing type of the shape memory alloys market.Nitinol alloys are mainly used in the biomedical sector for extensive applications in medical implants, including cardiovascular stents & wires, orthopedic screws & wires, dental wires, and surgical instruments.

Futhermore, countries such as india (IN) and China (CN), with high populations offer possibilities for the shape memory alloys market due to the rising demand for consumer electronics. Growing healthcare and defense spending and increasing automotive and aerospace markets are also anticipated to fuel the industry demand for shape memory alloys globally.

The North America shape memory alloys market is forecasted to be the biggest during the forecast period

North America (NA) was the most important market of shape memory alloys in 2016.The USA led the North American shape memory alloys market, succeeded by Canada (CA).

The significant demand for shape memory alloys can be accredited to the strong health care systems in the territory.The USA is the biggest medical device manufacturing country, globally.

Furthermore, rising aging populations and instances of chronic diseases are leading to the growing demand for life-saving implantable devices, which in turn is predicted to push the shape memory alloys market in the area.North America continent is a mature market for shape memory alloys as the main overall actors are headquartered in the territory.

The presence of overall actors, including ATI Specialty Alloys & Components and Fort Wayne Metals, are anticipated to lead to the increase of the market for shape memory alloys in North America (NA).

Breakdown of the profiles of primary Q&A for the market research on the shape memory alloys market

• By Company category - Tier 1 - 45.0 percent, Tier 2 -22.0 percent, and Tier 3 - 33.0 percent

• By Description - C-suite - 50.0 percent, D-level - 10.0 percent, and Others - 40.0 percent

• By Area - Asia-Pac - 33.0 percent, Europe (EU) - 17.0 percent, North America continent - 33.0 percent, and Middle East (ME) & African continent - 17.0 percent

Some of the main firms decribed in this industry report are SAES, Nippon Steel & Sumitomo Metals, ATI Specialty Alloys & Components, Furukawa Electric Company, Johnson Matthey, Fort Wayne Metals, Nippon Seisen, Saite Metal Materials, DYNALLOY, Incorporated, and Seabird Metal Material.

Segment Research

The industry report includes the shape memory alloys market across distinct end-use sectors and localities.It aims at evaluating the market value and future increase potential of the shape memory alloys market across several segments.

The study also comprises an detailed competitive study of the top market actors together with their profiles, latest developments, and main increase strategies.

Main highlights

From an insight prospect, this market research has been focusing on different levels of analyses, which include industry study and company descriptions. These insights together comprise and discuss the basic overviews on the competitive landscape, coming out and high-growth segments of the shape memory alloys market, high-growth areas, and drivers, market restraints, alternatives, and challenges of the shape memory alloys market.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on shape memory alloys provided by the top actors operating in the sector.

• Product Development/Innovative products: In-depth understanding on the next technologies, Research&development activities, and recent product launches in the shape memory alloys market.

• Market Development: Highlighted information about the lucrative and emerging industries. The market research examines the industries for shape memory alloys across different areas.

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the shape memory alloys market.

• opposing assessment: Detailed assessment of strategies, products, and manufacturing competences of the key players in the shape memory alloys market.

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