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Aerospace High Performance Alloys Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2021
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Aerospace High Performance Alloys Market 2018
Aerospace High Performance Alloys Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2021
The Global Aerospace High Performance Alloys Market is growing with the rapid pace; mainly due to the demand for high performance alloy. According
to a recent study report published by the Market Research Future, The global market of Aerospace High Performance Alloys is booming and expected to
gain prominence over the forecast period. The global Aerospace High Performance Alloys market is forecasted to demonstrate a spectacular growth by
2021, surpassing its previous growth records in terms of value with a striking 7 % of CAGR during the projected period (2016 -2021).
The key factors driving the growth are the need for lightweight alloys to reduce aircraft weight, usage of high performance alloy (HPAs) in jet engine,
and high corrosion resistance of HPAs. As per the MRFR analysis, adoption of cobalt base HPA over nickel-based HPAs, additive manufacturing of alloy
parts, and future R&D are the on-going trends which will positively impact the market during the forecast period.
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Aerospace High Performance Alloys Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Aerospace High
Performance Alloys Market Research Report - Global Forecast 2021”
With a push for aircraft efficiency and safety, major aircraft manufacturers are looking for components to reduce aircraft weight, extend service intervals
and increase reliability, while being environment friendly. This has led to a need for smaller parts that endure rigorous demands, including resisting wear
under extreme loads and temporary protection from lubrication failure or omission. Aerospace High Performance Alloys have become the material of
choice for meeting these challenges. AHP alloys demonstrate extraordinary strength, lubricity and wear resistance to play a critical role to handle the
extreme load conditions found in airframes and landing gear operations. This high performance alloy has helped reduce aircraft weight and maintenance
costs, while increasing fuel efficiency. Aerospace High Performance Alloys play a key enabling role in the development of next generation aircraft, are also
used to support maintenance and repair needs as well as equipment retrofits on older aircraft
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Aerospace High Performance Alloys Market 2018
Industry/ Innovation/ Related News:
As per the MRFR analysis, the Americas region will continue its hegemony in the market to reach astronomical amounts, with a CAGR of 3% during the
forecast period. Whereas, APAC is expected to grow at a CAGR of 13% during the forecast period to reach multi billion in terms of value.
Aerospace High Performance Alloy also known as a super alloy, or high-performance alloy, is an alloy that exhibits several key characteristics: excellent
mechanical strength, resistance to thermal creep deformation, good surface stability, and resistance to corrosion or oxidation. The crystal structure is
typically face-centred cubic austenitic. High performance alloys display combine properties of metals, non-metals and metalloids. They can perform in
extreme conditions of pressure, temperature, radiation and corrosive area.
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Aerospace High Performance Alloys Market 2018
Application & Major Players in this Research:
Aerospace High Performance Alloys Market Prominent Players:
Allegheny Technologies,
Aperam,
Carpenter Technology,
Precision Castparts,
VSMPO,
Alcoa,
Haynes International,
High Performance Alloys, NBM Metals, Outokumpu, and ThyssenKrupp are some of the prominent players at the forefront of
competition in the Aerospace High Performance Alloys Global Market and are profiled in MRFR Analysis.
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Aerospace High Performance Alloys Market 2018
Aerospace High Performance Alloys Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
End-users of military armoured vehicles are shifting their focus from quantity to quality. There is also an increased
emphasis on cost-efficiency for the operation of these vehicles. Low-cost per mile has been a growing requirement for
modern military armoured vehicles. Maintaining a balance between cost and quality while providing upgrade and
retrofit solutions to meet modern military needs can be a significant challenge for vendors.
Also, amid economic woes in Europe and defense budget cut in the US, companies are facing high levels of
uncertainty in the market. However, there has been a growing interest from the emerging markets in APAC and the
Middle East. Western military forces are mainly looking for high-end, modernized military armoured vehicles and
large-scale modernization of the existing fleet of vehicles. Meanwhile, the emerging countries in APAC and Middle
East are also strengthening their fleet of armoured vehicles with modern systems and capabilities. The existing major
players in the market should identify the evolving trends and market shifts, and should adapt to accommodate
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