Global Superalloy Sales Market Report 2023

Market Analysis and Insights: Global Superalloy Market

Super alloy that exhibit excellent mechanical strength and creep resistance at high temperatures, good surface stability, and corrosion and oxidation resistance. They typically have an austenitic face-Center, and cubic crystal structure with a base alloying element of nickel, cobalt, or nickel-iron. The development of Superalloy has primarily been driven by the aerospace and power industries.

The corrosion-resistant Superalloy is widely used in extreme environments where tremendous heat and corrosion resistance is paramount to the integrity of the end product. Chemical and petrochemical processing, power plants, and oil and gas industries widely use this superalloy.

Many of the industrial nickel-based superalloy contains alloying elements, including chromium (Cr), aluminum (Al), titanium (Ti), molybdenum (Mo), tungsten (W), niobium (Nb), tantalum (Ta) and cobalt (Co).

The Superalloy industry can be broken down into several segments, Iron Based Superalloy, Cobalt Based Superalloy, Nickel Based Superalloy, etc.

Across the world, the major players cover Precision Castparts Corporation, ATI, Haynes, Carpenter, Aperam, Eramet Group, AMG, Hitachi Metals, CMK Group, VDM, etc.

Due to the COVID-19 pandemic, the global Superalloy market size is estimated to be worth US$ 10240 million in 2022 and is forecast to a readjusted size of US$ 15890 million by 2029 with a CAGR of 6.4% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Nickel Based Superalloy accounting for % of the Superalloy global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Aerospace segment is altered to an % CAGR throughout this forecast period.

Global Superalloy key players include Precision Castparts Corporation, ATI, Carpenter, etc. Global top three manufacturers hold a share about 40%.

Europe is the largest market, with a share about 40%, followed by North America and Asia-Pacific, both have a share over 55 percent.

In terms of product, Nickel Based Superalloy is the largest segment, with a share over 80%. And in terms of application, the largest application is Aerospace, followed by IGT (Electricity).

Global Superalloy Scope and Market Size

The global Superalloy market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Superalloy market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.



Segment by Type


Nickel Based Superalloy

Iron Based Superalloy

Cobalt Based Superalloy



Segment by Application


Aerospace

IGT (Electricity)

IGT (Mechanical)

Industrial

Automotive

Oil&Gas

Others


By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions



By Company


Precision Castparts Corporation

ATI

Haynes

Carpenter

Aperam

Eramet Group

AMG

Hitachi Metals

CMK Group

VDM

Nippon Yakin Kogyo

Doncasters

Fushun Special Steel

CISRI Gaona

BaoSteel

ANSTEEL

Zhongke Sannai

Western Superconducting Technologies