Global Corrosion Resistant Alloy Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026
MarketResearch.biz delivers in-depth insights on the global corrosion resistant alloy market in its upcoming report titled, “Global Corrosion Resistant Alloy Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global corrosion resistant alloy market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The corrosion resistant alloy market report has been segmented on the basis of type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Corrosion resistance alloys offer reliable protection from corrosion and lowering the need for expensive maintenance and repair. The end-user industries in which these products are used include chemical processing, construction, automotive, aerospace & defense, medical, oil & gas, water treatment, pulp & paper, navy or marine, and food & beverage.
On the basis of type, nickel-based alloy segment is estimated to hold major revenue share in the global corrosion resistant alloy market and is expected to maintain its dominance over the forecast period. These type of alloys are used in steam turbine power plants, chemical & petrochemical industries, aircraft gas turbines, nuclear power systems, medical applications, and automotive components. High corrosion and temperature resistance, constant wear, good electrical conductivity, and high strength properties of nickel-based alloys are expected to be major factors driving market growth.
On the basis of application, automotive & transportation application segment is estimated to hold major revenue share in global corrosion resistant alloy market over the forecast period. Growing demand for automobiles owing to rising population and increasing disposable income of the people is anticipated to propel market growth.
Asia Pacific market is estimated to hold significant revenue share in the global corrosion resistant alloy market, in 2017 and is expected to maintain its dominance over the forecast period. Presence of large number of metal and alloy manufacturers in the region is anticipated to fuel market growth over the forecast period. Asia Pacific accounts for largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and Middle East & Africa respectively. Growth in various end-user industries such as automotive, energy & power, aerospace, and industrial machinery is anticipated to drive market growth in the next ten years. Moreover, growing demand for corrosion resistant alloy in defense sector is expected to drive market growth in the region over the forecast period.
Market segmentation and key players operating in the global corrosion resistant alloy market:
- Iron-based Alloys
- Nickel-based Alloys
- Cobalt-based Alloys
- Others (Chromium-based Alloy, Stainless steel-based Alloy, Titanium-based Alloy, and Molybdenum-based Alloy)
- Automotive & Transportation
- Aerospace & Defense
- Oil & Gas
- Industrial Machinery
- Energy & Power
- Others (Heat Exchangers, Gas Turbines, and Chemical & Petrochemical Plants)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Special Metals Corporation
- Nippon Steel & Sumitomo Metal Corporation
- Haynes International, Inc.
- Corrosion Resistant Alloys, L.P.
- Carpenter Technology Corporation
- Advanced Metallurgical Group N.V.
- Hitachi Metals MMC Superalloy, Ltd.
- Nippon Yakin Kogyo Co., Ltd.
- Eramet S.A.
- VDM Metals GmbH
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