LONDON, May 11, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the future of superalloys in the aerospace market looks positive with opportunities in commercial, regional jet, general aviation, helicopter, and military aircraft segments. Superalloys in the global aerospace market is forecast to grow at a CAGR of 2.6% from 2015 to 2020. The major growth drivers of this market are increasing deliveries of aircraft and excellent mechanical properties of superalloys, such as high temperature, creep resistance, corrosion resistance, and thermal stability.
In this market, nickel base, nickel iron base, and cobalt base superalloys are used. Majority of superalloys usage are in the aircraft engines. Lucintel predicts that the demand for nickel base superalloy is likely to experience the highest growth in the forecast period due to its excellent performance at high temperatures. On the basis of its comprehensive research, Lucintel forecasts that the regional aircraft segment is likely to experience the highest growth in the forecast period supported by increasing regional aircraft deliveries.
Within the superalloys market, commercial aircraft is expected to remain the largest segment by aircraft type during the forecast period due to increasing demand of wide body commercial aircraft.
North America is expected to remain the largest region during forecast period due to the growth in the aircraft deliveries and the presence of major aircraft engine part manufacturers in this region. APAC is expected to grow with highest CAGR during the forecast period due to the growth in aircraft deliveries and increasing manufacturing activities in this region.
For market expansion, the report suggests innovation and new product development, where the unique characteristics of superalloys can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations for the end users. Precision Castparts Corp. (Special metals), Alcoa, Allegheny Technologies Incorporated, Haynes International, Carpenter Technology, and Aperam are among the major suppliers of superalloys in the aerospace industry. Some companies are opting for backward integration as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed opportunities for superalloys in the aerospace industry by aircraft type, base material type, and region and has come up with a comprehensive research report, "Growth Opportunities for Superalloys in the Global Aerospace Industry 2015-2020: Trends, Forecast, and Opportunity Analysis" The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the superalloys in the global aerospace industry through 2020, segmented by aircraft type, base material type, and region as follows:
By aircraft type (Value in $ Million and Volume in Million lbs. from 2009 to 2020):
Commercial Aircraft Regional Aircraft General aviation Helicopter Military Aircraft
By base material type (Value in $ Million from 2009 to 2020):
Nickel base superalloy Nickel iron base superalloy Cobalt base superalloy
By region (Value in $ Million and Volume in Million lbs. from 2009 to 2020):
North America Europe Asia Pacific Rest of the World
This report answers following 11 key questions:
Q.1. What are some of the potential, high-growth opportunities for superalloys in the aerospace industry, by aircraft type, application and region?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats to this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are some of the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. How is the competitive rivalry and threat of substitution in this market?
Q.11. What are M&A activities have occurred in the last 5 years in this market? What are the reasons to these activities and how have they impacted the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities for Superalloys in the Global Aerospace Industry 2015-2020: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Superalloys in the global aerospace industry size estimation in terms of volume (M lbs.) and value ($M) shipment.
Trend and forecast analysis: Superalloys in global the aerospace industry trend (2009-2014) and forecast (2015-2020) by region, aircraft type and by base material type.
Segmentation analysis: Superalloys in the global aerospace industry size by various aircraft types such as commercial aircraft, regional jet, general aviation, helicopter and military aircraft both in terms of volume and value shipment.
Regional analysis: Superalloys in the global aerospace industry breakdown by key region such as North America, Europe, Asia Pacific, and Rest of World.
Growth opportunities: Analysis on growth opportunities in different aircraft type and regions.
Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of superalloys products suppliers in the global aerospace industry.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Download the full report: https://www.reportbuyer.com/product/3659257/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-for-superalloys-in-the-global-aerospace-industry-2015-2020-trends-forecast-and-opportunity-analysis-300267337.html