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Shape Memory Alloys Market Share 2021: Global Sales Revenue, Emerging Technologies, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2023
Posted on Jan 7 2021 9:57 AM
"Global Shape Memory Alloys Market Report provides a detailed Shape Memory Alloys Industry overview along with the analysis of industry's gross margin, cost structure, consumption value, and sale price, Processing Techniques, Network Management, Services Offered, Related Software Market, Social Media Marketing,
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Global Shape Memory Alloys Market 2021 Research Report introduced the Shape Memory Alloys basics, definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials. Shape Memory Alloys market understand the structure by identifying its various subsegments. Focuses on the key global Shape Memory Alloys manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
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Shape Memory Alloys Market with respect to individual growth trends, future prospects, and their contribution to the total market. Shape Memory Alloys Market analysis have current study and addition to the potential feature of the market primarily depends upon the facet of the business which compete on the current market, high factors and appropriated analysis. Global Shape Memory Alloys Market report consumption (value and volume) by key regions/countries, product type and application.
Shape Memory Alloys Market share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). To project the consumption of Shape Memory Alloys submarkets, with respect to key regions (along with their respective key countries). It analyzes competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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Shape memory alloys (SMA) is the material, which displays two different crystal structures or phases. These two phases are dependent on the temperature and internal stress applied to SMA. When SMA is in its lower temperature form, it is easily deformed to a new shape. It is used in various end-use industries such as spacecraft, transport, biomedical, aircraft, construction & housing, electrical appliances, hot water supply, subsea, and others on account of their excellent properties such as high abrasion and corrosion resistance. Nickel-titanium-based SMA is majorly used in various application due to its superior properties.
According to analysis, the global SMA market is projected to reach USD 11,079.1 million by 2023 at a CAGR of 10.79% over the assessment period. Among the type segment, nickel-titanium is likely to register significant growth during the review period due to high adoption rate in the various end-use application. Nickel-titanium is followed by Cu-Al-Ni due to their durability at elevated temperature. On the basis of the application, superelastic application segment accounted for the largest market share in 2017 and is predicted to retain its dominance over the assessment period. The market is experiencing a surge in the demand for SME from the medical sector in manufacturing of various devices such as guide wires, laparoscopic surgical instruments, implants, stents, retrieval baskets, and bone anchors among others is the primary factor attributed towards the demand for shape memory alloys in superelastic applications. Among the end use industry segment, biomedical accounted for the largest market share. The penetration of shape memory alloys in the development of various medical devices for orthopedics, orthodontics, and coronary stents is estimated to fuel the growth of the market. However, fluctuation in the cost of various raw material required for SMA manufacturing directly affects the final cost of SMA, which is likely to hinder the market growth over the forecast period. North America has dominated as the dominant region in the global shape memory alloys market and holds the maximum market share, in terms of both volume and value. In the North American region, the U.S. has emerged as the largest market for SMA in 2017 and is expected to be the fastest growing SMA market in the region owing to strong demand from the biomedical industry and continuous growth of the numerous end-use industries.
FIGURE 1Global Shape Memory Alloys Market, by Application, 2017 (%)
Source: Analysis
Regional Analysis
Geographically, the global shape memory alloys (SMA) market is segmented into five regions namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America emerged as the leading market in SMA in 2017 and is projected to witness a lucrative growth in the near future owing to rising consumption in numerous end-use industries such as biomedical, aircraft, spacecraft, and transport. Asia Pacific is predicted to hold ~25% share of the global market and is expected to reach around USD 2,998.3 million at a CAGR of 12.18% during the review period. In the Asia Pacific region, various countries such as Japan, India, and China are among the major contributor to the growth of the regional market due to continuously growing construction & housing, spacecraft, and transportation sector. China accounted for value of USD ~486.2 million in 2017 and is expected to reach USD 1,010.5 million by the end of the forecast period, 2017-2023 due to the steadily growing end-use industries.
Europe was the second largest shape memory alloys market across the globe in 2017, which is further trailed by Asia Pacific. European SMA market accounted for around 26.1% of the overall market share and is estimated to expand at a CAGR of 9.48% during the review period. In Europe, countries such as the U.K, France, Spain, and Germany are among the leading contributors to the regional market share due to rising automotive sector in this region. Germany was the major contributor the regional market, which accounted for around USD 408 million followed by the U.K due to robust manufacturing base of automotive and other transportation sector. Emerging economies of Latin America and the Middle East and Africa are expected to witness an above average growth due to rising consumer base for the healthcare and automotive industry coupled with the continuous growth in construction activities specifically in Turkey, Kuwait, and the UAE.
Segmentation
in its report has offered a segmental analysis of the market by type, application, end use industry, and region. Based on the type, the market is segmented into nickel titanium, Cu-Al-Ni, Cu-Zn-Al, and others. Based on the application, the SMA market is classified into superelastic, actuators, constrained recovery, frangibolt, vibration dampers, shock absorbers, and others. Based on the end-use industry, the market is classified into biomedical, aircraft, spacecraft, transport, electrical appliances, construction & housing, subsea, hot water supply, and others. Based on the region, the market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Key Players
Some of the key manufacturers operating in the global shape memory alloys market are SAES Getters S.p.A, TiNi Alloy Co, Ultimate NiTi Technologies Inc, Fort Wayne Metals Inc., Metalwerks PMD Inc, ENDOSMART GmbH, Admedes Schuessler GmbH, DYNALLOY, Inc., EUROFLEX GmbH, Confluent Medical Technologies, Inc, Aerofits Products Inc, Burpee Materials Technology LLC., Johnson Matthey Inc, TiNi Aerospace, FURUKAWA ELECTRIC CO., LTD, Baoji Seabird Metals Materials Co., Ltd., Baoji TITANIUM INDUSTRY CO., LTD, and XSMA, Inc.
Geographic Analysis
The report covers brief analysis of geographical region such as:
North America
oU.S.
oCanada
Europe
oGermany
oU.K
oFrance
oSpain
oItaly
oRest of Europe
Asia Pacific
oChina
oIndia
oJapan
oSouth Korea
oRest of Asia Pacific
Latin America
oBrazil
oMexico
oArgentina
oRest of Latin America
Middle East & Africa
oTurkey
oUAE
oSaudi Arabia
oRest of the Middle East & Africa
.
Key Findings
As per analysis, global shape memory alloys market is projected to reach USD ~11,079.1 million by the end of the forecast period at a CAGR of 10.79% during the assessment period.
By the type, nickel-titanium shape memory alloys accounted for around 43.27% share of the global market in 2017 at the highest CAGR of 11.44%.
Superelastic segment is estimated to hold around 33.86% share of the global market by registering significant growth at a CAGR of 12.18% during the forecast period.
The North America region accounted for about 33% share of the global market in 2017.
Intended Audience
Shape Memory Alloys Market manufacturers
Traders and distributors of Shape Memory Alloys Market
Production process industries
Potential investors
Raw material suppliers
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Key Highlights Involved in the Report: -
Shape Memory Alloys Market Forecast by regions, type and application, with sales and revenue, from 2021 to 2023.
Shape Memory Alloys Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
Shape Memory Alloys Market Size (sales, revenue) forecast by regions and countries from 2021 to 2023 of Shape Memory Alloys industry.
The global Shape Memory Alloys market Growth is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2023. In 2021, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Shape Memory Alloys Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
Shape Memory Alloys Market Report also mentions market share accrued by each product in the Shape Memory Alloys market, along with the production growth.
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Shape Memory Alloys Market provides sizing and growth opportunities for the period 2021-2023. Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. Report Includes a detailed analysis of growth drivers, challenges, and investment opportunities. Delivers a complete overview of segments and the regional outlook of the market. Shape Memory Alloys Market Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Total Chapters in Shape Memory Alloys Market Report are:
Chapter 1 Overview of Shape Memory Alloys Market
Chapter 2 Global Market Status and Forecast by Regions
Chapter 3 Global Market Status and Forecast by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 7 Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 8 Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 10 Market Driving Factor Analysis of Low End Servers
Chapter 11 Shape Memory Alloys Market Competition Status by Major Manufacturers
Chapter 12 Shape Memory Alloys Major Manufacturers Introduction and Market Data
Chapter 13 Upstream and Downstream Market Analysis of Shape Memory Alloys Market
Chapter 14 Cost and Gross Margin Analysis of Shape Memory Alloys Market
And Continued…
Detailed TOC of Global Shape Memory Alloys Market Analysis & Forecast
1 Executive Summary
2 Market Dynamics
2.1 Market Growth Factors
2.1.1 Rising Security and Safety Concern
2.1.2 Shape Memory Alloys in Developing Countries
2.1.3 Enhanced Business Productivity
2.2 Market Restraints
2.3 Shape Memory Alloys Supply Chain Process
2.4 Porter's Five Forces Analysis
3 Global Shape Memory Alloys Market, By Type
3.1 Introduction
3.2 Sub-segment
4 Global Shape Memory Alloys Market, By Component
4.1 Introduction
4.2 Sub-segment
4.2.1 Shape Memory Alloys Components
5 Global Shape Memory Alloys Market, By Verticals
5.1 Introduction
6 Global Shape Memory Alloys Market, By Region
6.1 Introduction
6.2 Market, By Regions
6.2.1 North America
6.2.1.1 U.S. 33
6.2.1.2 Canada
6.2.1.3 Mexico
6.2.2 Europe
6.2.3 U.K.
6.2.3.1 Germany
6.2.3.2 France
6.2.3.3 Rest of Europe
6.2.4 Asia-Pacific
6.2.5 China
6.2.6 Japan
6.2.7 India
6.2.7.1 Rest of Asia-pacific
6.2.8 Rest of the World (RoW)
6.2.8.1 Middle East & Africa
6.2.8.2 Latin Countries
7 Competitive Landscape
7.1 Introduction
7.2 Market Share Analysis
7.3 Company Profiles
7.3.1.1 Business Overview
7.3.1.2 Product/Service Portfolio
7.3.1.3 Business Strategy
7.3.1.4 SWOT Analysis
8 Appendix
8.1 Scope of the Study
8.1.1 Research Objective
8.1.2 Assumption
8.1.3 Limitation
8.2 Market Structure
9 Research Methodologies
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
9.4 Market Size Estimation
9.5 Forecast Model
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