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Global Superalloys Market 2018-2022| Increased Demand for New Jet Aircraft Engines to Drive Demand| Technavio

September 19, 2018

LONDON--(BUSINESS WIRE)--Sep 19, 2018--The global superalloys market is expected to reach 706.22 TMT by 2022, according to the latest market research report by .

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Technavio has published a new market research report on the global superalloys market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the high demand for superalloys in the aerospace and power industries. The ever-rising demand for critical gas turbines has increased the consumption of efficient, cost-efficient parts. Advanced superalloys and coatings reduce the temperature capability gap between superalloys and CMCs in aero turbines. The aerospace industry is shifting to alloys for aircraft manufacturing. The engine is the most complex element of any aircraft. Heat-resistant superalloys, such as nickel alloys, and some nonmetal composite materials, such as ceramics, help withstand the fluctuating temperatures in the engine. They enhance the fuel efficiency of aircraft and reduce errors.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increased demand for new jet aircraft engines as one of the key emerging trends in the global superalloys market:

Global superalloys market: Increased demand for new jet aircraft engines

Globally, the demand for new fuel-efficient jet aircraft engines is increasing. Equipment made of superalloys improves the efficiency of these engines. Discs, ducts, fans, and front bearing housing in aircraft turbine engines are heavy and additional weight cannot be put on these parts. Manufacturers use superalloys for producing lightweight aircraft equipment.

“Superalloys provide strength and structural reliability at high temperatures. New jet aircraft engines operate at high operating temperatures and require components that exhibit superior performance. High strength, creep resistance, corrosion resistance, and oxidation resistance of superalloys drive their use in jet engines. The increasing demand for new jet engines accelerates the consumption of superalloys,” says a senior analyst at Technavio for research on metals and minerals.

Global superalloys market: Segmentation analysis

This market research report segments the global superalloys market by end-user (aerospace, IGT, and industrial components) and geographical regions (APAC, EMEA, and the Americas).

The aerospace segment held the largest market share in 2017, accounting for nearly 55% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 36%. However, by 2022, APAC is expected to become the region with the highest market share of nearly 37%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005714/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AEROSPACE CHEMICALS/PLASTICS ENGINEERING STEEL NATURAL RESOURCES MINING/MINERALS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/19/2018 02:17 PM/DISC: 09/19/2018 02:17 PM

http://www.businesswire.com/news/home/20180919005714/en

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