Aerospace & Defense Leads Global Superalloys Market to Touch about $10 Billion by 2026

By: Industry Experts Inc.
LOS ANGELES - Jan. 21, 2020 - PRLog -- Industry Experts, Inc. published the global market research report on Superalloys. The new report entitled "Superalloys – A Global Market Overview" reveals that the Nickel-Based Superalloys represent the largest product segment estimated to account for about 50% of total market in 2019 while Cobalt-Based Superalloys market is expected to grow faster with a CAGR of 6.9% during the period 2019-2026.

North America is the largest global market for superalloys, followed by Europe and Asia-Pacific. In terms of growth, however, demand for these materials in Asia-Pacific is likely to be the fastest growing due to rapid industrialization in the sectors where superalloys are deployed. Ongoing and future research efforts aimed at investigating and developing superalloys with even better properties would also propel the market.

Aerospace & Defense is estimated the largest application of superalloys while the segment is also projected the fastest growing during the period 2019-2026 with a CAGR of 7%. The overall global Superalloys market for 2019 is estimated at US$6.2 billion.

The Superalloys market analyzed in this report by base materials including Cobalt-Based, Iron-Based and Nickel-Based. The report also examines the market for Superalloys by applications comprising Aerospace & Defense, Automotive, Industrial Gas Turbines, Oil & Gas and Others.

The report reviews, analyses and projects the Superalloys market for global and the regional markets including the North America, Europe, Asia-Pacific and Rest of World for the period 2017-2026 in terms of value in USD. These regional markets further analyzed for 12 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Russia and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea.

This 232 page global Superalloys market report includes 127 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report includes the brief business profiles of 21 key global players and 33 major players across the North America – 14; Europe – 10; and Asia-Pacific – 9. The report also provides the listing of the companies engaged in manufacturing research & development, supply and distribution of Superalloys. The global list covers the addresses, contact numbers and the website addresses of 106 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

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