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Shape Memory Alloys Market
Shape Memory Alloys Market
Shape Memory Alloys Market Share, Size, Trends, Industry Analysis Report, By Type, By Application, By Region 2022-2030
Shape Memory Alloys Market, By Type (Nickel-Titanium (Nitinol), Copper-based, Fe-Mn-Si, Others) By Application (Biomedical, Aerospace & Defence, Automotive, Consumer Electronics & Home Appliances, Others), and Region - COVID-19 Impact Analysis and Forecast to 2030
Industry Overview:
The shape memory alloys is anticipated to fuel in the forecast period owing to rapid growth in the global biomedical, aerospace & defense and automotive industries. Further, usage of shape memory alloys in consumer electronics & home appliances are one of the most rapidly growing end-use industries of SMAs. SMAs are used widely in manufacturing rice cookers, air conditioners, coffee makers, cameras, personal accessories, minidisc recorders, and cellular phones. These alloys are favored due to their better elasticity, long fatigue life, and corrosion resistance. They are mainly used as actuators and sensors in various applications in electrical equipment and household applications. Apart from this, major shape memory alloys manufacturers are proactively focusing on expanding its businesses by entering into strategic partnership and investing to create a competitive edge in the global market. For instance, In July 2018, ATI acquired the assets of Addaero Manufacturing (headquartered in Connecticut, US) for USD 10.0 million. Addaero Manufacturing is a metal alloy-based additive manufacturer for the aerospace & defense industry. In January 2018, ATI announced a 50–50 joint venture with a subsidiary Tsingshan Group (US) to produce 60-inch-wide stainless sheet products for sale in North America. This joint venture will increase ATI’s sustainable development in the North American market.
Key Market Drivers:
The rising demand for better healthcare services, flourishing global biomedical and automotive
industries will propel the demand of shape memory alloys market.
Key Market Restraint:
High cost of raw materials and availability of substitutes is one of the significant challenges
hindering the shape memory alloys market
Key Players Covered:
Some of the key competitors in the Shape Memory Alloys market include SAES Getters, ATI Specialty Alloys & Components, Furukawa Electric Co., Ltd, Nippon Steel & Sumitomo Metal, Johnson Matthey, Fort Wayne Metals, Nippon Seisen co. ltd., Xian Saite Metal Materials Development Company Limited and others
Regional Analysis:
North America hold dominant position in the global shape memory alloys market owing to presence of major manufacturers operating in the market. Further, rising population, economic progress and improving government expenditure on infrastructure development are some of the factors for the high growth in the region.
Shape Memory Alloys Market Report Scope
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Segmentation of the Global Shape Memory Alloys Market, 2022 – 2030 |
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By Type |
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By Application |
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By Region |
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Key Market Segmentation
Global Shape Memory Alloys Market- By Type
o Nickel Titanium Alloys
o Copper-Based Alloys
o Fe-Mn-Si
o Others
Global Shape Memory Alloys Market- By Application
o Biomedical
o Aerospace & Defense
o Automotive
o Consumer Electronics & Appliances
o Others
Global Shape Memory Alloys Market- By Region
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Benelux
o Nordics
o Rest of Europe
Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
Middle East and Africa
South America
1. Methodology & Scope
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
1.5. List of abbreviations
2. Assumptions
3. Research Methodology
3.1. Data Mining
3.2. Secondary Research
3.3. Primary Research
3.4. Data Sources
3.5. Data Triangulation
3.6. Bottom-up Approach
3.7. Top Down Approach
4. Executive Summary
4.1. Market Overview
4.2. Global Shape Memory Alloys Market Geographical Analysis (CAGR %)
4.3. Global Shape Memory Alloys Market, By Type (US$ Million)
4.4. Global Shape Memory Alloys Market, By Application (US$ Million)
4.5. Future Market Opportunities
4.6. Global Market Split
5. Market Dynamics
5.1. Market Drivers
5.2. Market Restraints
5.3. Opportunities Analysis
5.4. Emerging Trends Analysis
5.4.1. Demand Side Analysis
5.4.2. Supply Side Analysis
6. Key Insights
6.1. Macro and Micro Economic Indicators
6.2. Consolidated SWOT Analysis of Key Players.
6.3. Porter’s Five Forces Analysis
6.3.1. Bargaining power of buyers
6.3.2. Bargaining power of suppliers
6.3.3. Threat of new entrants
6.3.4. Threat of substitutes
6.3.5. Threat of rivalry
6.3.6. Market condition
6.4. PESTEL Analysis
6.5. Key Product Developments
6.6. Value Chain Analysis
6.7. Cost Structure Analysis
6.8. Price Trend Analysis
6.8.1. Weighted Average Price
6.8.2. Price Impact-COVID-19
7. Impact Analysis of COVID-19 on Global Shape Memory Alloys Market
7.1. Short Term Impact of COVID-19 on the Global Shape Memory Alloys Market
7.2. Long Term Impact of COVID-19 Global Shape Memory Alloys Market
7.3. Impact of COVID-19 on the Parent Market
7.4. Sales and Financial Analysis of Shape Memory Alloys Market
8. Global Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecasts
8.2.1. By Type (Value)
8.2.1.1. Nickel Titanium Alloys
8.2.1.2. Copper-Based Alloys
8.2.1.3. Fe-Mn-Si
8.2.1.4. Others
8.2.2. By Application (Value)
8.2.2.1. Biomedical
8.2.2.2. Aerospace & Defense
8.2.2.3. Automotive
8.2.2.4. Consumer Electronics & Home Appliances
8.2.2.5. Others
8.2.3. By Region (Value)
8.2.3.1. North America
8.2.3.2. Europe
8.2.3.3. Asia Pacific
8.2.3.4. Middle East and Africa
8.2.3.5. South America
9. North America Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028
9.1. Market Size Estimates and Forecasts
9.1.1. By Type (Value)
9.1.1.1. Nickel Titanium Alloys
9.1.1.2. Copper-Based Alloys
9.1.1.3. Fe-Mn-Si
9.1.1.4. Others
9.1.2. By Application (Value)
9.1.2.1. Biomedical
9.1.2.2. Aerospace & Defense
9.1.2.3. Automotive
9.1.2.4. Consumer Electronics & Home Appliances
9.1.2.5. Others
9.1.3. By Country (Value)
9.1.3.1. U.S.
9.1.3.2. Canada
9.1.3.3. Mexico
10. Europe Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028
10.1. Market Size Estimates and Forecasts
10.1.1. By Type (Value)
10.1.1.1. Nickel Titanium Alloys
10.1.1.2. Copper-Based Alloys
10.1.1.3. Fe-Mn-Si
10.1.1.4. Others
10.1.2. By Application (Value)
10.1.2.1. Biomedical
10.1.2.2. Aerospace & Defense
10.1.2.3. Automotive
10.1.2.4. Consumer Electronics & Home Appliances
10.1.2.5. Others
10.1.3. By Country (Value)
10.1.3.1. Germany
10.1.3.2. United Kingdom
10.1.3.3. France
10.1.3.4. Italy
10.1.3.5. Spain
10.1.3.6. Russia
10.1.3.7. Benelux
10.1.3.8. Nordics
10.1.3.9. Rest of Europe
11. Asia Pacific Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028
11.1. Market Size Estimates and Forecasts
11.1.1. By Type (Value)
11.1.1.1. Nickel Titanium Alloys
11.1.1.2. Copper-Based Alloys
11.1.1.3. Fe-Mn-Si
11.1.1.4. Others
11.1.2. By Application (Value)
11.1.2.1. Biomedical
11.1.2.2. Aerospace & Defense
11.1.2.3. Automotive
11.1.2.4. Consumer Electronics & Home Appliances
11.1.2.5. Others
11.1.3. By Country (Value)
11.1.3.1. China
11.1.3.2. Japan
11.1.3.3. India
11.1.3.4. Southeast Asia
11.1.3.5. Oceania
11.1.3.6. Rest of Asia Pacific
12. Middle East and Africa Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028
12.1. Market Size Estimates and Forecasts
12.1.1. By Type (Value)
12.1.1.1. Nickel Titanium Alloys
12.1.1.2. Copper-Based Alloys
12.1.1.3. Fe-Mn-Si
12.1.1.4. Others
12.1.2. By Application (Value)
12.1.2.1. Biomedical
12.1.2.2. Aerospace & Defense
12.1.2.3. Automotive
12.1.2.4. Consumer Electronics & Home Appliances
12.1.2.5. Others
12.1.3. By Country (Value)
12.1.3.1. South Africa
12.1.3.2. GCC
12.1.3.3. Rest of Middle East and Africa
13. South America Shape Memory Alloys Market Analysis, Insights and Forecast, 2017-2028
13.1. Market Size Estimates and Forecasts
13.1.1. By Type (Value)
13.1.1.1. Nickel Titanium Alloys
13.1.1.2. Copper-Based Alloys
13.1.1.3. Fe-Mn-Si
13.1.1.4. Others
13.1.2. By Application (Value)
13.1.2.1. Biomedical
13.1.2.2. Aerospace & Defense
13.1.2.3. Automotive
13.1.2.4. Consumer Electronics & Home Appliances
13.1.2.5. Others
13.1.3. By Country (Value)
13.1.3.1. Brazil
13.1.3.2. Argentina
13.1.3.3. Chile
13.1.3.4. Peru
13.1.3.5. Rest of South America
14. Competition Matrix
14.1. Business Strategies & Insights Adopted by Leading Players
15. Global Shape Memory Alloys Market Revenue Share Analysis, By Key Market Participants, 2021
16. Company Profiles
16.1. SAES Getters
16.1.1. Company Overview
16.1.2. Description
16.1.3. Product Benchmarking
16.1.4. Financials Performance (Data as available in public domain and/or on paid databases)
16.1.5. Recent Developments
16.1.6. COVID – 19 Response
16.1.7. Strategy & Business Overview
Similar information shall be provided for all the below companies
17. Key Takeaways
18. Transcripts of the Primary Interview Respondents
Key Market Segmentation
Global Shape Memory Alloys Market- By Type
o Nickel Titanium Alloys
o Copper-Based Alloys
o Fe-Mn-Si
o Others
Global Shape Memory Alloys Market- By Application
o Biomedical
o Aerospace & Defense
o Automotive
o Consumer Electronics & Appliances
o Others
Global Shape Memory Alloys Market- By Region
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Benelux
o Nordics
o Rest of Europe
Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
Middle East and Africa
South America
Report ID: VBI42
----------------- Feb-2023
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Format: PDF/Excel
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