Shape Memory Alloys Market - Global Industry Analysis

Shape Memory Alloys Market - By Product (Nitinol Alloys, Copper-Based Alloys, and Others), By End-User (Automotive, Biomedical, Consumer Electronics & Household, Aerospace & Defense, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 05-Oct-2020 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-3142 Status : Published

Global Shape Memory Alloys market, which was estimated at 11.9 (USD Billion) in 2019 and is predicted to accrue earnings worth approximately 30 (USD Billion) by 2026, is set to record a CAGR of nearly 13.2% over 2020-2026.

Description

The global Shape Memory Alloys market, which was estimated at 11.9 (USD Billion) in 2019 and is predicted to accrue earnings worth approximately 30 (USD Billion) by 2026, is set to record a CAGR of nearly 13.2% over 2020-2026. The report offers valuation and analysis of Shape Memory Alloys market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Shape memory alloys are light in weight and are used in place of conventional actuators including hydraulic, pneumatic, and motor-based systems. In addition to this, surge in the healthcare spending across the bio-medical industry is projected to enhance the sales of shape memory alloys in the foreseeable future. Some of the largely used shape memory alloys include nickel titanium, iron-manganese-silicon, copper-zinc-aluminum, and copper-aluminum-nickel alloys. Furthermore, these materials possess two stable phases, mainly, high temperature phase referred as austenite and low temperature phase termed as martensite. Reportedly, austenite phase is symmetric and martensite phase is less symmetric.

Market Growth Drivers

Large-scale use of the product in automotive, aerospace, bio-medicine, and robotics will propel the expansion of the shape memory alloys market in the foreseeable future. In addition to this, these chemicals also find spectrum of applications in dental wires, bone reinforcement, and vein & artery reinforcement. Apparently, the humungous utilization of shape memory alloys in fire security & protection systems as well as anti-scalding protection will prop up the expansion of shape memory alloys industry over the estimated timespan. In addition to this, large-scale production of golf clubs, eyeglass frames, helicopter blades, wires, ribbons, and tubes will pave a way for the growth of business in the upcoming years.

Moreover, thriving consumer electronics sector is anticipated to offer new growth avenues for the market over the forecast timeline. Beneficial product features like high fatigue resistance, huge mechanical strength, shape memory effect, biocompatibility, light weight, and super elasticity will favorably leverage the growth of the industry over the forecasting timespan. For the record, shape memory alloys exhibit exceptional characteristics where they retain original shape after their temperature is increased. These materials are more flexible as compared to others, thereby further steering the expansion of the market.

North America To Retain Domination In Market Over 2020-2026

The growth of the market in North America over the forecast timespan is owing to surge in the research activities across the bio-engineering domain. In addition to this, massive utilization of medical equipment in the countries like the U.S. along with large-scale product penetration in aerospace, bio-medical, and automobile sectors in the region will propel the regional business growth trends.

Key players profiled in the report and influencing the market growth are Seabird Metal, ATI, SAES Group, Nippon Steel Corporation, Johnson Matthey, Furukawa Electric Co., Ltd., and Fort Wayne Metals Research Products Corp.

The global shape memory alloys market is segmented as follows:

By product:

  • Nitinol (nickel-titanium) alloys
  • Copper-based alloys
  • Others

By end-user:

  • Aerospace & defense
  • Biomedical
  • Automotive
  • Consumer electronics & household
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Shape Memory Alloys Market, 2016–2026 (USD Billion)
    • 2.2. Shape Memory Alloys Market: Snapshot
  • Chapter 3. Global Shape Memory Alloys Market– Industry Analysis
    • 3.1. Shape Memory Alloys Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Large-scale production of gulf clubs, eyeglass frames, helicopter blades, wires, ribbons, and tubes will pave a way for the growth of business in the upcoming years.
      • 3.2.2. Beneficial product features like high fatigue resistance, huge mechanical strength, shape memory effect, biocompatibility, light weight, and super elasticity will favorably leverage the growth of the industry over the forecasting timespan.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product
      • 3.4.2. Market attractiveness analysis By End User
  • Chapter 4. Global Shape Memory Alloys Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Shape Memory Alloys Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Shape Memory Alloys Market–Product Analysis
    • 5.1. Global Shape Memory Alloys Market overview: By Product
      • 5.1.1. Global Shape Memory Alloys Market share, By Product,2019 and 2026
    • 5.2. Nitinul Alloys
      • 5.2.1. Global Shape Memory Alloys Market by Nitinul Alloys, 2016–2026 (USD Billion)
    • 5.3. Copper-Based Alloys
      • 5.3.1. Global Shape Memory Alloys Market by Copper-Based Alloys, 2016–2026 (USD Billion)
    • 5.4. Others
      • 5.4.1. Global Shape Memory Alloys Market by Others, 2016–2026 (USD Billion)
  • Chapter 6. Global Shape Memory Alloys Market– End User Analysis
    • 6.1. Global Shape Memory Alloys Market overview: By End User
      • 6.1.1. Global Shape Memory Alloys Market share, By End User , 2019 and 2026
    • 6.2. Automotive
      • 6.2.1. Global Shape Memory Alloys Market by Automotive, 2016–2026 (USD Billion)
    • 6.3. Biomedical
      • 6.3.1. Global Shape Memory Alloys Market by Biomedical, 2016–2026 (USD Billion)
    • 6.4. Consumer Electronics & Househuld
      • 6.4.1. Global Shape Memory Alloys Market by Consumer Electronics & Househuld, 2016–2026 (USD Billion)
    • 6.5. Aerospace & Defense
      • 6.5.1. Global Shape Memory Alloys Market by Aerospace & Defense, 2016–2026 (USD Billion)
    • 6.6. Others
      • 6.6.1. Global Shape Memory Alloys Market by Others, 2016–2026 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. ATI
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. SAES Group
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Johnson Matthey
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Furukawa Electric Co., Ltd.
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Seabird Metal
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Nippon Steel Corporation
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Fort Wayne Metals Research Products Corp
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global Shape Memory Alloys Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Shape Memory Alloys Market attractiveness, By Product 
6. Global Shape Memory Alloys Market attractiveness, By End User  
7.  Global Shape Memory Alloys Market share, By Product, 2019 and 2026
8. Global Shape Memory Alloys Market by Nitinol Alloys, 2016–2026 (USD Billion)
9. Global Shape Memory Alloys Market by  Copper-Based Alloys ,2016–2026 (USD Billion)
10. Global Shape Memory Alloys Market by  Others,2016–2026 (USD Billion)
11. Global Shape Memory Alloys Market Share by End User  ,2019 and 2026 (USD Billion)
12. Global Shape Memory Alloys Market by Automotive ,2016–2026 (USD Billion)
13. Global Shape Memory Alloys Market by Biomedical ,2016–2026 (USD Billion)
14. Global Shape Memory Alloys Market by Consumer Electronics & Household ,2016–2026 (USD Billion)
15. Global Shape Memory Alloys Market by Aerospace & Defense ,2016–2026 (USD Billion)
16. Global Shape Memory Alloys Market by Others ,2016–2026 (USD Billion)
17. Global Shape Memory Alloys Market share, by Region, 2019 and 2026
18. North America Shape Memory Alloys Market, 2016–2026 (USD Billion)
19. Europe Shape Memory Alloys Market, 2016–2026 (USD Billion)
20. Asia Pacific Shape Memory Alloys Market, 2016–2026 (USD Billion)
21. Latin America Shape Memory Alloys Market, 2016–2026 (USD Billion)
22. The Middle East and Africa Shape Memory Alloys Market, 2016–2026 (USD Billion)
 


Table Of Tables

List of Tables

1. Global Shape Memory Alloys Market: snapshot
2. Drivers of the Shape Memory Alloys Market: impact analysis
3. North America Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
4. North America Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
5. The U.S. Shape Memory Alloys Market revenue, By Product, 2016–2026 (USD Billion)
6. The U.S. Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
7. Rest of North America Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
8. Rest of North America Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
9. Europe Shape Memory Alloys Market revenue, By Product, 2016–2026 (USD Billion)
10. Europe Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
11. UK Shape Memory Alloys Market revenue, By Product ,2016–2026 (USD Billion)
12. UK Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
13. France Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
14. France Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
15. Germany Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
16. Germany Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
17. Rest of Europe Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
18. Rest of Europe Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
19. Asia Pacific Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
20. Asia Pacifics Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
21. China Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
22. China Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
23. Japan Shape Memory Alloys Market revenue, By Product, 2016–2026 (USD Billion)
24. Japan Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
25. India Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
26. India Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
27. Rest of Asia Pacific Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
28. Rest of Asia Pacific Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
29. Latin America Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
30. Latin America Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
31. Brazil Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
32. Brazil Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
33. Rest of Latin America Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
34. Rest of Latin America Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
35. The Middle East and Africa Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
36. The Middle East and Africa Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
37. Saudi Arabia Shape Memory Alloys Market revenue, By Product, 2016–2026 (USD Billion)
38. Saudi Arabia Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
39. South Africa Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
40. South Africa Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)
41. Rest of the Middle East & Africa Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
42. Rest of the Middle East & Africa Shape Memory Alloys Market revenue, By End User  , 2016–2026 (USD Billion)

 
 

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FrequentlyAsked Questions

Large-scale use of the product in automotive, aerospace, bio-medicine, and robotics will propel the expansion of the shape memory alloys market in the foreseeable future. In addition to this, these chemicals also find spectrum of applications in dental wires, bone reinforcement, and vein & artery reinforcement. Apparently, the humungous utilization of shape memory alloys in fire security & protection systems as well as anti-scalding protection will prop up the expansion of shape memory alloys industry over the estimated timespan.

According to Zion market research report, the global Shape Memory Alloys Market, which was estimated at 11.9 (USD Billion) in 2019 and is predicted to accrue earnings worth nearly 30 (USD Billion) by 2026, is set to record a CAGR of nearly 13.2% over 2020-2026.

North America is likely to make noteworthy contributions towards overall market revenue. The growth can be credited to surge in the research activities across the bio-engineering domain. In addition to this, massive utilization of medical equipment in the countries like the U.S. along with large-scale product penetration in aerospace, bio-medical, and automobile sectors in the region will propel the regional business growth trends.

The key players profiled in the report include Seabird Metal, ATI, SAES Group, Nippon Steel Corporation, Johnson Matthey, Furukawa Electric Co., Ltd., and Fort Wayne Metals Research Products Corp.

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