Worldwide Shape Memory Alloys Industry to 2026 - Featuring The Furukawa Electric, TiNi Aerospace & Ultimate Niti Among Others
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 ResearchAndMarkets.com'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
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 ATI Specialty Alloys & Components
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Dynalloy Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Euroflex Gmbh
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Fort Wayne Metals
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 G. Rau GmbH & Co. KG
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Metalwerks Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Nippon Steel Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 SAES Getters
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 The Furukawa Electric Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 TiNi Aerospace Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Ultimate Niti
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/yn5w7r
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