Data Bridge Market Research Adds “Global Shape Memory Alloy Market– Industry Trends and Forecast to 2025” new report to its research database. The report spread Across No of pages : 350 No of Figures: 60 No of Tables: 220 in it.
This comprehensive Shape Memory Alloy Market research report includes a brief on these trends that can help the organizations operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market CAGR,Volume, industry share And size, demand and trend growth, key segments, and key drivers and restrains.
New Players in the market are facing tough competition from established international Players as they struggle with technological innovations, reliability and quality issues. The report will answer questions about the current market developments and the scope of competition, opportunity cost and more.
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Global Shape Memory Alloy market is expected to reach USD 26.87 billion by 2025, from USD 10.62 billion in 2017 growing at a CAGR of 12.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Shape Memory Alloy Market, By Type (Nickel-Titanium (Nitinol), Copper-Based Alloys, Iron-Manganese-Silicon (FE-MN-SI) and Others) By End-Use Industry (Biomedical, Aerospace & Defense, Automotive, Consumer Electronics & Home Appliances and Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
The global shape memory alloy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of shape memory alloy market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players:
- ATI Specialty Alloys & Components,
- Johnson Matthey,
- Nippon Steel & Sumitomo Metal,
- Furukawa Electric Company,
Among Others Are –ort Wayne Metals, Nippon Seisen Co. Ltd., Xian Saite Metal Materials Development Company Limited, Seabird Metal Material Co., Ltd., Dynalloy Inc, Metalwerks PMD, Ultimate Niti Technologies, General Research Institute for Nonferrous Metals (GRINM), Euroflex GmbH, Confluent Medical Technologies, Precision Castparts Corp., Nanoshel LLC, Stanford Advanced Materials, Sunrise Titanium Technology, Boston Centerless, Microgroup Inc., Sma Wires India, ALB Materials Inc., M & T (Taiwan) Co., Ltd., And Hangzhou Ualloy Material Co., Ltd
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Major Market Drivers and Restraints:
- Rapidly growing medical implants industry
- Growing demand in aerospace & defence industry
- High growth of consumer electronics & home appliances industry.
- High Cost of Implantable Devices
- The global shape memory alloy market is segmented based on, type, end-use industry and geographical segments.
- Based on type, the global shape memory alloy market is segmented into nickel-titanium (nitinol), copper-based alloys, iron-manganese-silicon (FE-MN-SI) and others.
- On the basis of end-use industry, the global shape memory alloy market is classified into biomedical, aerospace & defence, automotive, consumer electronics & home appliances and others
- Based on geography, the global shape memory alloy market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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