DUBLIN, Feb. 9, 2018 /PRNewswire/ --
The "Global Corrosion Resistant Alloys Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
Global corrosion resistant alloys market to grow at a CAGR of 6.97% during the period 2018-2022.
According to the report, one driver in the market is growing shale gas exploration market. The demand for corrosion-resistant alloys is growing due to the advances in technologies such as hydraulic fracturing technique, which is used for extracting shale gas. The global shale gas market is expected to grow at CAGR of 14.7% during the forecast period. In recent years, shale gas is produced in China, Canada, and the US with its reserves present across the globe.
One trend in the market is increasing government spending on energy systems. The rise in the focus of the governments on the energy systems and research has fueled the growth in the global wind turbine market in the regions like North America and Europe. For instance, the US Department of Energy (DOE) had allocated more than $93.50 million in the FY2016 for the advances in the wind power technologies.
Further, the report states that one challenge in the market is fluctuation in raw material prices. Nickel, titanium, iron, chromium, cobalt, and molybdenum are some of the raw materials used in the manufacturing of corrosion-resistant alloys. The market is significantly dependent on the availability of these metals from the mining industry. The fluctuations in the prices of metals significantly impact the costs of the corrosion-resistant alloys.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- AMG Advanced Metallurgical Group
- CRS Holdings
- Haynes International
- Nippon Steel & Sumitomo Metal Corporation
- Nippon Yakin Kogyo
Key Topics Covered
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Customer Landscape
Part 09: Market Segmentation by End-User
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/kh6xs2/global_corrosion?w=5
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SOURCE Research and Markets