Global Shape Memory Alloys Market Growth Analysis And Indications – Includes Shape Memory Alloys Actuators
The Business Research Company’s report goes into great detail on the shape memory alloys market size and growth, shape memory alloys market regional analysis, shape memory alloys market competitive landscape, and other critical information needed to excel in the shape memory alloys industry.
Major players in the shape memory alloys market include 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.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
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%.
North America was the largest region in the shape memory alloys market in 2021.
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.
The rapidly growing aerospace and defense industry is significantly contributing to the growth of the shape memory alloys market.
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 global shape memory alloys market report is segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Shape Memory Alloys Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the shape memory alloys market globally and regionally, analyzes and forecasts market size, share, shape memory alloys market players, shape memory alloys market segments, leading competitor revenues, profiles and market shares.
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