Worldwide Specialty Alloys Industry to 2025 - Key Trends, Drivers & Challenges

DUBLIN, July 16, 2020 /PRNewswire/ -- The "Global Specialty Alloys Market (Value, Volume) - Analysis by Alloy Type, End-User, by Region, by Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The Global Specialty Alloys Market, a niche segment of the alloy steel market, valued at USD 21.92 billion and 319.04 thousand tonnes by volume in the year 2019 has been witnessing unprecedented growth.

The growing demand for light materials in the aerospace industry coupled with high demand for new generation aircrafts is expected to drive the market growth over the forecast period. Specialty alloys are indispensable materials in the manufacture of parts for highly sensitive devices and apparatus, unique experimental and miniature equipment, various types of sensors, and power transformers. Moreover, increasing usage in power generation for the production of industrial gas turbine components is likely to boost the demand.

But in the current year 2020, due to Covid-19 pandemic, the market for the specialties alloys has suffered sizeable impact with mis-alignment of supply and demand. In the meantime, metals companies are shoring up cash liquidity and looking to short-term borrowing to help cover operating costs. And with the acquisition of VDM Metals by Acerinox, the market of specialty alloys has moderately consolidated.

Among the Alloy Type segment in the Specialty Alloys market (Corrosion Resistance, High Performance, Heat Resistant and Electric Alloys), High Performance segment has been gaining popularity among other segments and is expected to keep major market share in the forecast period. The growing demand for light materials in the aerospace industry coupled with high demand for new generation aircrafts is expected to drive the market growth over the forecast period. The high-performance alloys are widely used in extreme environments where tremendous heat and corrosion resistance is paramount to the integrity of the end product.

Based on End-User (Aerospace, Oil & Gas, Chemical Processing, Electric Components & Electronics, Automotive and Others), Aerospace Segment dominates the market share in year 2019 and is also expected to show dominance during the forecast period. The aerospace industry is a major market for specialty alloys wherein alloys are majorly used for high-temperature applications.

The North American market held the largest share of the global market owing to the wide base of the aerospace & defence industry in the US and presence of key manufacturers of aircraft engines, aerospace jet engines, and industrial gas turbines in the region. In addition, the US government's focus on expanding the country's defence sector through high investments is further expected to support the demand for specialty alloys over the next few years.

Scope of the Report

• The report analyses the Specialty Alloys market By Value and By Volume.
• The report analyses the Specialty Alloys market by Alloy Type (Corrosion Resistance, High Performance, Heat Resistant, Electric Alloys).
• The report assesses the Specialty Alloys market by End-User (Aerospace, Oil & Gas, Chemical Processing, Electric Components & Electronics, Automotive, Others).
• The Global Specialty Alloys Market has been analysed by Region (North America, Europe, Asia Pacific) and by Country (USA, Canada, Germany, Italy, France, United Kingdom, Spain, China, India, Japan).
• Also, the attractiveness of the market has been presented by region, alloy type and end-user. Also, trends, drivers, challenges of the industry has been analysed in the report.
• The report tracks competitive developments, strategies, recent industry developments and mergers & acquisitions. The companies analysed in the report include VDM Metals Group, Precision Castparts, ATI - Allegheny Technologies Incorporated, Aperam, Carpenter Technology Corporation, ThyssenKrupp, AMG Aluminum UK Limited, AMETEK Specialty Metal Products, MetalTek International and Materion Corporation.
• The report presents the analysis of Specialty Alloys market for the historical period of 2015-2019 and the forecast period of 2020-2025.

Key Topics Covered:

1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary

2. Strategic Recommendations

3. Global Specialty Alloys Market Product Outlook

4. Global Specialty Alloys Market: An Analysis
4.1 Market Size, By Value, Year 2015-2025
4.2 Market Size, By Volume, Year 2015-2025
4.3 Market Growth Rate, Year 2015-2025

5. Global Specialty Alloys Market Segmentation By Alloy Type (By Value, By Volume)
5.1 Competitive Scenario of Global Specialty Alloys Market: By Alloy Type
5.2 Corrosion Resistance- Market Size and Forecast (2020-2025)
5.3 High Performance- Market Size and Forecast (2020-2025)
5.4 Heat Resistant- Market Size and Forecast (2020-2025)
5.5 Electric Alloys- Market Size and Forecast (2020-2025)

6. Global Specialty Alloys Market Segmentation By End-User (By Value, By Volume)
6.1 Competitive Scenario of Global Specialty Alloys: By End-User
6.2 Aerospace- Market Size and Forecast (2020-2025)
6.3 Oil & Gas- Market Size and Forecast (2020-2025)
6.4 Chemical Processing- Market Size and Forecast (2020-2025)
6.5 Electric Components & Electronics- Market Size and Forecast (2020-2025)
6.6 Automotive- Market Size and Forecast (2020-2025)
6.7 Others- Market Size and Forecast (2020-2025)

7. Global Specialty Alloys Market: Regional Analysis
7.1 Competitive Scenario of Global Specialty Alloys Market: By Region

8. North America Specialty Alloys Market: Segmentation By Alloy Type, End-User (2020-2025), (By Value, By Volume)
8.1 North America Specialty Alloys Market: Size and Forecast (2020-2025), By Value
8.2 North America Specialty Alloys Market: Size and Forecast (2020-2025), By Volume
8.3 North America Specialty Alloys Market - Prominent Companies
8.4 Market Segmentation By Alloy Type (Corrosion Resistance, High Performance, Heat Resistant and Electric Alloys)
8.5 Market Segmentation By End-User (Aerospace, Oil & Gas, Chemical Processing, Electric Components & Electronics, Automotive and Others)
8.6 North America Specialty Alloys Market: Country Analysis
8.7 Market Opportunity Chart of North America Specialty Alloys Market - By Country, By Value (Year-2025)
8.8 Competitive Scenario of North America- By Country
8.9 United States Specialty Alloys Market: Size and Forecast (2020-2025), By Value
8.10 United States Specialty Alloys Market: Size and Forecast (2020-2025), By Volume
8.11 United States Specialty Alloys Market Leading Companies
8.12 United States Specialty Alloys Market Segmentation By Alloy Type, End-User
8.13 Canada Specialty Alloys Market: Size and Forecast (2020-2025), By Value
8.14 Canada Specialty Alloys Market: Size and Forecast (2020-2025), By Volume
8.15 Canada Specialty Alloys Market Leading Companies
8.16 Canada Specialty Alloys Market Segmentation By Alloy Type, End-User

9. Europe Specialty Alloys Market: Segmentation By Alloy Type, End-User (2020-2025), (By Value, By Volume)

10. Asia Pacific Specialty Alloys Market: Segmentation By Alloy Type, End-User (2020-2025), (By Value, By Volume)

11. Global Specialty Alloys Market Dynamics
11.1 Global Specialty Alloys Market Drivers
11.2 Global Specialty Alloys Market Restraints
11.3 Global Specialty Alloys Market Trends

12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness
12.1.1 Market Attractiveness Chart of Global Specialty Alloys Market - By Alloy Type, By Value (Year-2025)
12.1.2 Market Attractiveness Chart of Global Specialty Alloys Market - By End-User, By Value (Year-2025)
12.1.3 Market Attractiveness Chart of Global Specialty Alloys Market - By Region, By Value, (Year-2025)
12.2 Strategic Analysis
12.2.1 Mergers and Acquisitions
12.2.2 Recent Industry Developments

13. Competitive Landscape
13.1 Market Share Analysis
13.2 Competitive Positioning (Leaders, Challengers, Followers, Niche Players)

14. Company Analysis (Business Description, Financial Analysis, Business Strategy)
14.1 VDM Metals Group
14.2 Precision Castparts
14.3 ATI - Allegheny Technologies Incorporated
14.4 Aperam
14.5 Carpenter Technology Corporation
14.6 ThyssenKrupp
14.7 AMG Aluminum UK Limited
14.8 AMETEK Specialty Metal Products
14.9 MetalTek International
14.10 Materion Corporation

For more information about this report visit https://www.researchandmarkets.com/r/vs35a7

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