Global Shape Memory Alloys Market Outlook, Opportunities And Strategies – Includes Shape Memory Alloys Market Size
Learn about the global shape memory alloys market through The Business Research Company, which provides information on shape memory alloys market size, shape memory alloys market drivers and restraints, shape memory alloys market players, the COVID-19 impact on the shape memory alloys market, and more.
The global shape memory alloys market size is expected to grow from $10.35 billion in 2021 to $11.57 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The global shape memory alloy market size is expected to grow to $18.16 billion in 2026 at a CAGR of 11.9%.
The rapidly growing aerospace and defense industry is significantly contributing to the growth of the shape memory alloys market.
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The shape memory alloys market consists of sales of shape memory alloys by entities (organizations, sole traders, and partnerships) that are used as functional materials in various fields due to their super elasticity property. Shape memory alloys are defined as metal alloys that remember their original shape and regain their shape when the deforming force is removed. They change their shape when exposed to heat. They possess high strength, good elasticity, and are lightweight.
By Product Type: Sheets, Wires, Tubes, Rods, Springs
By Material: Nickel-Titanium, Copper-based, Iron-based, Silver-based, Gold-based, Cobalt-based
By End-Use Industry: Biomedical, Aerospace and Defense, Automotive, Consumer Electronics, Home Appliances
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the shape memory alloys market in 2021.
Strategic partnerships and collaborations are the key trends gaining popularity in the shape memory alloys market. Major players operating in the market are partnering and collaborating to develop a strong product portfolio and offer innovative products.
TBRC’s shape memory alloys market report covers:
Major Market Players: SAES Getters S.p.A., Nippon Steel Corporation, Fort Wayne Metals Research Products Corp, Xi’an Saite Metal Materials Development Co. Ltd, Dynalloy Inc, ATI Specialty Alloys & Components, Furukawa Electric Co. Ltd., Baoji Seabird Metal Materials Co. Ltd., Metalwerks Inc., G.RAU GmbH & Co. KG, Admedes Schuessler GmbH, Memry Corporation, and Ingpuls GmbH.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Shape Memory Alloys Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides shape memory alloys market overviews, analyzes and forecasts market size, share, shape memory alloys market players, shape memory alloys market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s shape memory alloys market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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