High Performance Alloys Market Size To Reach USD 15.64 Billion In 2030 | Rising Demand For High-Performance Alloys From Various End-Use Industries Is The Key Factor Driving Market Revenue Growth, Says Reports and Data

NEW YORK, March 9, 2022 /PRNewswire/ -- The global high-performance alloys market size is expected to reach USD 15.64 Billion in 2030 and register a revenue CAGR of 5.3% over the forecast period, according to the latest report by Reports and Data. A significant increase in the use of high-performance alloys in the defense sector to improve operational efficiency is the key factor expected to drive the market revenue growth during the forecast period. Moreover, there is an increase in the demand for next-generation aircraft and building fuel nozzles of jet engines in the aerospace industry. These alloys are also used in industrial gas turbines because they improve overall performance. Moreover, the growing use of high-performance alloys in the oil & gas industry for onshore and offshore exploration, drilling, and production activities is driving the market growth. Aside from that, there is a significant increase in demand for fuel-efficient vehicles as a result of rising environmental concerns and stringent regulations implemented by governing agencies in various countries. High-performance alloys are being used by top vehicle manufacturers to reduce overall vehicle weight. Other important drivers expected to drive the market growth include advancements in aluminum and magnesium mining, as well as increased extraction of metals utilized for alloying.

Request a Sample Report – https://www.reportsanddata.com/sample-enquiry-form/1277   

Some Key Highlights From the Report

• Aluminum segment is expected to register a considerable revenue growth rate in the high-performance alloys market during the forecast period. Aluminum is lightweight, has advanced forming and alloying technology, and is relatively inexpensive. Automotive industry combined with increasing substitution of steel with aluminum-based high-performance alloys in the automotive industry to obtain the benefit of significant weight reduction.
• Superalloys are a group of nickel, iron-nickel, and cobalt alloys used in jet engines. These metals have outstanding heat resistant properties, retaining stiffness, strength, toughness, and dimensional stability at higher temperatures than other aerospace structural materials. Superalloys also have excellent corrosion and oxidation resistance when used at high temperatures in jet engines. The nickel-based material, which has a high concentration of chromium, iron, titanium, cobalt, and other alloying elements, is the most important type of superalloy.
• Market in North America is expected to expand at a rapid revenue CAGR in the global high-performance alloys market over the forecast period. Market revenue growth in this region is expected to be driven by rising demand in the automotive industry with the increasing production of passenger cars, increasing R&D investments, and favorable government regulations.

Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/1277 

• In December 2021, Desktop Metal and the Korea Institute of Industrial Technology (KITECH) announced a collaboration to accelerate additive manufacturing (AM) industrialization and acceptance in South Korea, beginning with installation of the Desktop Metal Shop System and Production System P-1 platforms. The Production System combines Desktop Metal's designed binders with an open material platform, enabling users to build high-performance components utilizing the same low-cost metal powders used in metal injection molding. An inert processing environment allows compatibility with a wide range of materials, including high-performance alloys and reactive metal powders like aluminum and titanium.
• Companies profiled in the market report are Allegheny Technologies Incorporated, Carpenter Technology Corporation, Haynes International, Inc., Hitachi Metals, Ltd., Outokumpu Oyj, Precision Castparts Corp., The Timken Company, VSMPO-AVISMA Corporation, Nippon Yakin Kogyo Co., Ltd., and Materion Corp.

To identify the key trends in the industry, research study at https://www.reportsanddata.com/report-detail/high-performance-alloys-market 

For the purpose of this report, Reports and Data has segmented the global high-performance alloys market based on material type, product type, alloy type, application, and region:

• Material Type Outlook (Revenue, USD Billion; 2019-2030)
• Aluminum
• Titanium
• Magnesium
• Nickel
• Steel
• Others
• Product Type Outlook (Revenue, USD Billion; 2019-2030)
• Non-Ferrous
• Platinum Group Metals
• Refractory
• Superalloys
• Alloy Type Outlook (Revenue, USD Billion; 2019-2030)
• Wrought Alloy
• Cast Alloy
• Application Outlook (Revenue, USD Billion; 2019-2030)
• Aerospace
• Automotive
• Industrial
• Oil & Gas
• Electrical & Electronics
• Industrial Gas Turbine
• Others

Buy Premium Research Report @ https://www.reportsanddata.com/report-pricing/1277 

• Regional Outlook (Revenue, USD Billion; 2019-2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Sweden
• BENELUX
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Rest of LATAM
• MEA
• Saudi Arabia
• UAE
• South Africa
• Israel
• Rest of MEA

Explore Trending Research Reports by Reports and Data:

Antifouling Coatings Market Size, Share & Analysis, By Type (Self-Polishing, Copper-Based, Others), And By Application (Drilling Rigs & Production Platforms, Shipping Vessels, Others), Forecasts To 2027

Superhydrophobic Coatings Market By Property (Anti-Corrosion, Anti-Microbial, Others), By Raw Material (Graphene, Carbon Nanotubes, Others), And By End-Use (Medical, Electrical & Electronics, Others), Forecasts To 2027

Aviation Adhesives and Sealants Market By Resin (Polyurethane, Epoxy, Others), By Technology (Solvents-Based, Water-Based, Others), And By Application (Military, Commercial, Others), Forecasts To 2027

Iron Oxide Pigment Market By Product (Synthetic, Natural), By Color (Red, Yellow, Black, Others), By Application (Construction, Coatings, Plastics, Paper, Others), By Region, Forecasts To 2017-2027

Acrylic Resins Market By Type (Methacrylate, Acrylates, and Hybrids), By Property (Thermoplastics & Thermosetting), By Application (Paints & Coating, Construction, Textile, Fibers & Adhesives, Paper & Paperboard, Others), Forecasts To 2027

About Reports and Data     

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact: 
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs 
Read Latest Press Release @ https://www.reportsanddata.com/press-release/global-mobility-as-a-service-maas-market 
Explore Featured Blogs by Reports and Data:
Top 10 Military Robotics Companies Disrupting the Global Defense Industry with Revolutionary Futuristic Warfare Technology
10 SEO Trends for 2022

Logo: https://mma.prnewswire.com/media/1579615/Reports_and_Data_Logo.jpg