High Performance Alloys Global Market to Reach $11.8 Billion by 2030: Expanding Industrial Applications for Titanium Based Alloys to Continue Post Pandemic


Dublin, March 15, 2023 (GLOBE NEWSWIRE) -- The "High Performance Alloys: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for High Performance Alloys estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$11.8 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.

Non-Ferrous Metal, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$6.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Super Alloys segment is readjusted to a revised 4.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 6.3% CAGR

The High Performance Alloys market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Select Competitors (Total 121 Featured) -

  • Allegheny Technologies Incorporated
  • AMG Advanced Metallurgical Group N.V.
  • Aperam SA
  • Carpenter Technology Corporation
  • Constellium SE
  • Doncasters Group Limited
  • Fort Wayne Metals Research Products, LLC
  • Glencore Plc
  • H.C. Starck GmbH
  • Haynes International, Inc.
  • High Performance Alloys, Inc.
  • Hitachi Metals, Ltd.
  • Howmet Aerospace Inc.
  • Metallurgical Plant Electrostal, JSC
  • Nippon Yakin Kogyo Co., Ltd.
  • Precision Castparts Corp.
  • Sandvik AB
  • Special Metals Corporation
  • TimkenSteel Corporation
  • Titanium Metals Corporation (TIMET)
  • Universal Stainless & Alloys Inc. Canada)
  • VDM Metals GmbH
  • VSMPO-AVISMA Corporation

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages543
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$8 Billion
Forecasted Market Value (USD) by 2030$11.8 Billion
Compound Annual Growth Rate5.0%
Regions CoveredGlobal

Key Topics Covered:




  • Why Investing in Materials Innovation is Vital for Countries & Their Economy
  • Growing R&D Spending on New Material Development & Innovation Provides a Platform for Growth & Expanding Use of High Performance Alloys: Global R&D Spending on Advanced Materials and Chemicals (In US$ Billion) for Years 2017 Through 2022
  • High Performance Alloys (HPAs): Here's Why They Are the Advanced Materials of Choice
  • On the Pandemic & Economic Front, Here's What's Happening. Prognosis Every Business Needs to Know
  • After Omicron, Comes Stealth Omicron & Deltacron Fueling Fresh Waves of Infections Across the Globe
  • With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?
  • With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of March 2022
  • At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of March 2022
  • The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated
  • Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
  • The Verdict's Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable
  • Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
  • Dragging Pandemic, New Virus Strains, Fresh Societal Risks, War & Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021
  • Fresh Shocks for the Global Economy in 2022 as New Bursts of Food & Energy Inflation Comes into Play Triggered by the Russia-Ukraine War
  • A World Divided Over the War in Russia & Ukraine Fuels Oil Production Stand-Off, Aggravating Global Price Rise & Making Putin More Bolder & Willing to Invade its Neighbors: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
  • Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Coupled With Inflation Triggered by the Russia-Ukraine War Lowers Growth Expectations for 2022: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
  • Supply Chains Tighten Once Gain, Bracing for the Widening Economic Storm Being Brewed by the Russia-Ukraine War
  • The Military & Defense Industry Emerges as the Sole Beneficiary of the War
  • Competition
  • High Performance Alloys - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • High Performance Alloys: A Review of Types, Benefits & End-Use Applications
  • Recent Market Activity
  • Innovations



  • HPA Witnesses Price Rise in 2022 Amid Volatility in the Metal Commodities Market Triggered by the Russia-Ukraine War
  • Rise of Lightweighting as a Part of the Long-Term Manufacturing Strategy to Benefit HPA Demand
  • HPAs Find Expanded Opportunity in the Robustly Growing Lightweight Materials Market: Global Market for Lightweight Materials (In US$ Billion) for Years 2021, 2023, 2025, and 2027
  • Production Volatility Amid Chip Shortages Aggravated by the Russia Ukraine War Downgrades Demand Growth for Automotive Alloys in 2022
  • As Automobile Production Recovery Slips On the Original Forecasts, Hit By Chip Shortage Woes & Supply Chain Disruptions Caused by the Russia-Ukraine War, Uncertainty Rips Through Upstream Suppliers: Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025
  • Beyond These Challenges, Stringent Regulations & Competitive Pressures Will Remain Long-Term Drivers of Demand for Specialty Automotive Alloys
  • Expanding Industrial Applications for Titanium Based Alloys to Continue Post Pandemic
  • Global Titanium Market by End-use Sector (2022): Percentage Breakdown of Volume Consumption for Aerospace, Defense, Industrial, and Others
  • Here's Why Nickel Alloys Hold a Stronger Potential for Long-Term Growth
  • Robust Demand for Medical Devices Spurs Parallel Opportunities for HPAs in Medical Devices Manufacturing
  • Demand Outlook for Medical Devices Remains Robust
  • Robust Outlook for Medical Devices Expands the Addressable Market Opportunity for HPAs in Medical Device Manufacturing: Global Market for Medical Devices (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Here's How Valuable HPAs are in Medical Device Manufacturing
  • Newer Applications to Drive Gains Over the Long-Term
  • Forced Investments in Upgrading the Creaking Energy Infrastructure, Post Pandemic to Drive Demand for HPAs in Industrial Gas Turbines (IGT)
  • Use of AI in the Design of High Performance Alloys Gains Momentum
  • Increase in Oil Production Prompted by Russia-Ukraine War to Positively Impact Demand for HPAs
  • A Peek Into Oil Supply Dynamics: Global Crude Oil Production by Country (In 000 Barrels Per Day):
  • Biggest Importers of Russian Oil Are Now Lucrative Customer Targets for Non-Russian Oil Companies Investing in Production Expansions Amid Growing Anti-Russia Sentiments & Political Policy Shifts: Leading Importers of Russian Oil (In US$ Billion) as of the Year 2022
  • Shape Memory Alloys Grow in Popularity
  • High Entropy Alloys Rise In Significance & Find New & Advanced Applications
  • In Focus- Titanium-Aluminides Alloys
  • Innovation in High Performance Alloys Remains Crucial to Sustained Growth
  • Recycling Storms Into the Spotlight at a Time When Sustainability is Gaining Importance Now More Than Ever
  • The Time to Get Our Act Together & Move Towards a Circular Bioeconomy Has Come: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
  • Current State of Recycling HPAs




For more information about this report visit https://www.researchandmarkets.com/r/nc7wkm

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Global Market for High Performance Alloys

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