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Worldwide Shape Memory Alloys Industry to 2026 - Featuring The Furukawa Electric, TiNi Aerospace & Ultimate Niti Among Others

·6-min read

Dublin, June 28, 2021 (GLOBE NEWSWIRE) -- The "Shape Memory Alloys Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to's offering.

The global shape memory alloys market exhibited strong growth during 2015-2020. Shape memory alloys (SMA) are various metallic elements that exhibit both pseudoelasticity and shape memory effect in response to changes in temperature and electromagnetic force. They can regain their original form after deformation and can also alter their stiffness, natural frequency, position and other mechanical properties. Alloys of nickel-titanium or nitinol, copper-zinc-aluminum, copper-aluminum-nickel and iron-manganese-silicon are the most common types of SMAs available in the market. They also exhibit high fatigue resistance, super-elasticity and biocompatibility, owing to which they are used in the production of actuators, medical devices, heat detection devices and various high-temperature motors and automobiles.

The growing automotive industry is one of the key factors driving the growth of the market. Furthermore, significant developments in other industry verticals, such as robotics, biomedical, civil, defense and aerospace, are also contributing to the market growth. With the growing adoption of consumer electronics across the globe, there is an increasing preference for SMAs that can be stretched or bent as per the requirement of the consumer. Additionally, increasing preference for nitinol alloys is acting as another growth-inducing factor. In the medical sector, SMAs are utilized in the production of medical implants, such as stents, dental wires, orthopedic screws and other surgical equipment. Other factors, including the growing product adoption in the aerospace sector, increasing defense expenditures by the governments of both developed and emerging economies and significant growth in the construction industry, are projected to drive the market in the upcoming years. Looking forward, the publisher expects the global shape memory alloys market to grow at a CAGR of around 11% during the forecast period (2021-2026).

Breakup by Alloy Type:

  • Nickel-Titanium

  • Copper-Based Alloys

  • Iron-Manganese-Silicon

  • Others

Breakup by End-Use Industry:

  • Biomedical

  • Aerospace & Defense

  • Automotive

  • Consumer Electronics & Home Appliances

  • Others

Breakup by Functionality Type:

  • Super-elasticity (or Pseudoelasticity)

  • Constrained Recovery

  • Free Recovery

  • Others

Breakup by Application:

  • Laser

  • Motors and Actuators

  • Transducers

  • Structural Material

  • Sensors

  • Others

Breakup by Region:

  • North America

  • United States

  • Canada

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Europe

  • Germany

  • France

  • United Kingdom

  • Italy

  • Spain

  • Russia

  • Latin America

  • Brazil

  • Mexico

  • Argentina

  • Columbia

  • Chile

  • Peru

  • Middle East and Africa

  • Turkey

  • Saudi Arabia

  • Iran

  • United Arab Emirates

  • Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Allegheny Technologies, ATI Specialty Alloys & Components, Dynalloy Inc., Euroflex Gmbh, Fort Wayne Metals, G. Rau GmbH & Co. KG, Metalwerks Inc, Nippon Steel Corporation, SAES Getters, The Furukawa Electric Co. Ltd., TiNi Aerospace Inc., Ultimate Niti, etc.

Key Questions Answered in This Report:

  • How has the global shape memory alloys market performed so far and how will it perform in the coming years?

  • What are the key regional markets?

  • Whta has been the impact of COVID-19 on the global shape memory alloys market?

  • What is the breakup of the market based on the alloy type?

  • What is the breakup of the market based on the end-use industry?

  • What is the breakup of the market based on the functionality type?

  • What is the breakup of the market based on the application?

  • What are the various stages in the value chain of the industry?

  • What are the key driving factors and challenges in the market?

  • What is the structure of the global shape memory alloys market and who are the key players?

  • What is the degree of competition in the market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Shape Memory Alloys Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Alloy Type
6.1 Nickel-Titanium
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Copper-Based Alloys
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Iron-Manganese-Silicon
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by End-Use Industry
7.1 Biomedical
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Aerospace & Defense
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Automotive
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Consumer Electronics & Home Appliances
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast

8 Market Breakup by Functionality Type
8.1 Super-elasticity (or Pseudoelasticity)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Constrained Recovery
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Free Recovery
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Application
9.1 Laser
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Motors and Actuators
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Transducers
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Structural Material
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Sensors
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Allegheny Technologies Company Overview Product Portfolio Financials SWOT Analysis
14.3.2 ATI Specialty Alloys & Components Company Overview Product Portfolio
14.3.3 Dynalloy Inc. Company Overview Product Portfolio
14.3.4 Euroflex Gmbh Company Overview Product Portfolio
14.3.5 Fort Wayne Metals Company Overview Product Portfolio
14.3.6 G. Rau GmbH & Co. KG Company Overview Product Portfolio
14.3.7 Metalwerks Inc. Company Overview Product Portfolio
14.3.8 Nippon Steel Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 SAES Getters Company Overview Product Portfolio Financials SWOT Analysis
14.3.10 The Furukawa Electric Co. Ltd. Company Overview Product Portfolio
14.3.11 TiNi Aerospace Inc. Company Overview Product Portfolio
14.3.12 Ultimate Niti Company Overview Product Portfolio

For more information about this report visit

CONTACT: CONTACT: Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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