Superalloys Market Poised For Unprecedented Growth, Projected To Reach USD 15.1 Billion By 2031
(MENAFN- EIN Presswire)
![Superalloys Market, by Application]()
According to a report by Allied Market Research, the global superalloys market was valued at $6.8 billion in 2021 and is projected to reach $15.1 billion by 2031, growing at a CAGR of 8.5% (2022–2031).
North America dominated the market in 2021, accounting for nearly two-fifths of the global share, while Asia-Pacific is expected to post the fastest growth (CAGR: 8.8%) during the forecast period.
Download Sample Pages of Research Overview:
Report Highlights:
- Forecast Period: 2022–2031
- Base Year: 2021
- Market Size in 2021: $6.8 billion
- Market Size in 2031: $15.1 billion
- CAGR: 8.5%
- Pages: 304
- Segments Covered: Base material, Application, Region
Market Dynamics:-
Drivers
- Widespread use of superalloys in aerospace, oil & gas, and industrial gas turbines.
Opportunities
- Increasing global investments and partnerships among leading superalloy manufacturers.
Restraints
- High costs of base alloys (e.g., rhenium, ruthenium) used for advanced, high-temperature resistant superalloys.
Segment Insights:-
By Base Material:
- Nickel-based alloys led the market in 2021 (≈80% share).
- Cobalt-based alloys forecasted to record the highest CAGR (9.0%).
By Application:
- Aerospace dominated (over 50% share in 2021).
- Automotive expected to grow fastest with a CAGR of 9.4%.
By Region:
- North America maintained leadership in 2021.
- Asia-Pacific to witness the fastest CAGR of 8.8% by 2031.
Key Market Players:
ATI, Doncasters Group, Arconic, Cannon-Muskegon, Carpenter Technology Corporation, Chromalloy Gas Turbine LLC, Forged Solutions Group, Haynes International, Hitchiner Manufacturing, and Beijing International Aeronautical Materials Corporation.
These players are leveraging strategies such as product launches, expansions, collaborations, and joint ventures to strengthen their market positions.
Want to Access the Statistical Data and Graphs, Key Players' Strategies: /purchase-options
About Us
Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Superalloys Market, by Application
Increasing global investments and partnerships among leading superalloy manufacturers.
WILMINGTON, DE, UNITED STATES, September 9, 2025 /EINPresswire / -- Superalloy manufacturers are actively investing in global expansion through joint ventures, partnerships, and mergers & acquisitions, creating lucrative opportunities for market growth.According to a report by Allied Market Research, the global superalloys market was valued at $6.8 billion in 2021 and is projected to reach $15.1 billion by 2031, growing at a CAGR of 8.5% (2022–2031).
North America dominated the market in 2021, accounting for nearly two-fifths of the global share, while Asia-Pacific is expected to post the fastest growth (CAGR: 8.8%) during the forecast period.
Download Sample Pages of Research Overview:
Report Highlights:
- Forecast Period: 2022–2031
- Base Year: 2021
- Market Size in 2021: $6.8 billion
- Market Size in 2031: $15.1 billion
- CAGR: 8.5%
- Pages: 304
- Segments Covered: Base material, Application, Region
Market Dynamics:-
Drivers
- Widespread use of superalloys in aerospace, oil & gas, and industrial gas turbines.
Opportunities
- Increasing global investments and partnerships among leading superalloy manufacturers.
Restraints
- High costs of base alloys (e.g., rhenium, ruthenium) used for advanced, high-temperature resistant superalloys.
Segment Insights:-
By Base Material:
- Nickel-based alloys led the market in 2021 (≈80% share).
- Cobalt-based alloys forecasted to record the highest CAGR (9.0%).
By Application:
- Aerospace dominated (over 50% share in 2021).
- Automotive expected to grow fastest with a CAGR of 9.4%.
By Region:
- North America maintained leadership in 2021.
- Asia-Pacific to witness the fastest CAGR of 8.8% by 2031.
Key Market Players:
ATI, Doncasters Group, Arconic, Cannon-Muskegon, Carpenter Technology Corporation, Chromalloy Gas Turbine LLC, Forged Solutions Group, Haynes International, Hitchiner Manufacturing, and Beijing International Aeronautical Materials Corporation.
These players are leveraging strategies such as product launches, expansions, collaborations, and joint ventures to strengthen their market positions.
Want to Access the Statistical Data and Graphs, Key Players' Strategies: /purchase-options
About Us
Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Market Research
- Gas Engine Market Analysis: Strong Growth Projected At 3.9% CAGR Through 2033
- Daytrading Publishes New Study On The Dangers Of AI Tools Used By Traders
- Excellion Finance Launches MAX Yield: A Multi-Chain, Actively Managed Defi Strategy
- United States Lubricants Market Growth Opportunities & Share Dynamics 20252033
- ROVR Releases Open Dataset To Power The Future Of Spatial AI, Robotics, And Autonomous Systems
- Blackrock Becomes The Second-Largest Shareholder Of Freedom Holding Corp.
Comments
No comment