Shape Memory Alloys Market Outlook To 2025 - Emerging Trends, New Growth Opportunities, Regional Analysis
Automotive sector is one of the key end-user segments in shape memory alloys market and will account for approximately 15% of the total industry by the end of the forecast timespan.
Automotive sector is one of the key end-user segments in shape memory alloys market and will account for approximately 15% of the total industry by the end of the forecast timespan.
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<strong>Shape</strong> <strong>Memory</strong> <strong>Alloys</strong> <strong>Market</strong> <strong>Outlook</strong> <strong>To</strong> <strong>2025</strong>: <strong>Emerging</strong><br />
<strong>Trends</strong>, <strong>New</strong> <strong>Growth</strong> <strong>Opportunities</strong>, <strong>Regional</strong> <strong>Analysis</strong>:<br />
Global <strong>Market</strong> Insights, Inc.<br />
Escalating automobile industry in Asia Pacific region is one of the key driving factors for the<br />
(SMAs) shape memory alloys market. China is the largest automobile manufacturer in the<br />
world and has contributed more than one-fourth of the global automotive production in<br />
2018. In the same year, Japan and South Korea together accounted for over 12% of the<br />
global automobile production. Indian automobile market also witnessed a production<br />
growth by over 7% in 2018. These are widely used as actuators in automobiles. Government<br />
initiatives and favorable policies, heavy investment from global leaders, along with rising<br />
spending power are few factors that will drive the regional automobile industry, which in<br />
turn will boost market demand in near future.<br />
<strong>Shape</strong> <strong>Memory</strong> <strong>Alloys</strong> <strong>Market</strong> size will likely surpass USD 20 billion by <strong>2025</strong>; according to a<br />
new research report by Global <strong>Market</strong> Insights, Inc.<br />
Another factor which will prosper the growth of shape memory alloys market is the rising<br />
product demand in the construction and electronics sectors. SMAs are widely used for<br />
vibration damping in civil structures. <strong>Shape</strong> memory alloy wires are embedded in IRC<br />
(Intelligent Reinforced Concrete) to sense and heal minute cracks. In electronics industry,<br />
the product is used in cameras, MD recorders, attitude-control system in stationary<br />
satellites, etc. Rising construction activities in the U.S. and BRICS coupled with rapidly<br />
growing electronics industry in the Asia Pacific region will boost SMA demand in near future.<br />
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<strong>To</strong> browse this report titled, “<strong>Shape</strong> <strong>Memory</strong> <strong>Alloys</strong> <strong>Market</strong> Size By Product (NiTi, Copperbased,<br />
Others), By End-user (Biomedical, Aerospace & Defense, Automotive, Home<br />
Appliances, Others), Industry <strong>Analysis</strong> Report, <strong>Regional</strong> <strong>Outlook</strong> (U.S., Canada, Germany,<br />
UK, France, Spain, Italy, Russia, China, India, Japan, South Korea, Indonesia, Malaysia,<br />
Brazil, Mexico, South Africa, GCC, Israel), Application <strong>Growth</strong> Potential, Price <strong>Trends</strong>,<br />
Competitive <strong>Market</strong> Share & Forecast, 2019 – <strong>2025</strong>” please click on the link below:<br />
https://www.gminsights.com/industry-analysis/shape-memory-alloys-market<br />
Copper-based SMA’s had a significant shape memory alloys market share in 2018 which is<br />
likely to grow at a CAGR over 10% during the forecast timespan. Copper-based alloys such as<br />
Cu-Zn-Al-Ni, Cu-Zn-Al, Cu-Al-Ni, etc. are used in seismic energy dissipation devices. Cu-Al-Ni<br />
SMAs are used in rotary actuators. Future innovations will increase the range of applications<br />
where this product type will be used, augmenting the market by the end of the forecast<br />
timespan.<br />
Automotive sector is one of the key end-user segments in shape memory alloys market and<br />
will account for approximately 15% of the total industry by the end of the forecast<br />
timespan. These alloys reduce the aerodynamic drag in vehicles. They are used in louver<br />
systems to control the airflow in the vehicle engine. These alloys are also used to open and<br />
close the hatch vent for air-release from trunks in sports vehicles.<br />
Europe is a key region for the shape memory alloys market size which is likely to gain by a<br />
fast rate over forecast timespan. Well-developed biomedical industry in the region is one of<br />
the primary reasons for the strong position of the region in the market. Germany has some<br />
world-renowned automobile manufacturers which are continuously working on advanced<br />
automotive projects. On the other hand, France is a prominent aircraft manufacturing<br />
market and had an aircraft export turnover of over USD 50 billion in 2017. The presence of<br />
such prominent end-user industries will prosper the regional demand for shape memory<br />
alloys by <strong>2025</strong>.<br />
Some major players in shape memory alloys market share includes ATI, Nippon Steel &<br />
Sumitomo Metals, Johnson Matthey, SAES, Furukawa Electric, Nippon Siesen, Fort Wayne<br />
Metals, etc. These companies have adopted expansion, product innovation and supplyagreement<br />
strategies to maintain their competitive advantages in the SMA market.<br />
Make an inquiry for purchasing this report @<br />
https://www.gminsights.com/inquiry-before-buying/3261<br />
© 2019 Global <strong>Market</strong> Insights Inc. All Rights Reserved www.gminsights.com
Partial Chapter of the Table of Content<br />
Chapter 1. Methodology and Scope<br />
1.1. Methodology<br />
1.2. <strong>Market</strong> definition<br />
1.3. <strong>Market</strong> estimation & forecast parameters<br />
1.4. Data sources<br />
1.4.1. Primary<br />
1.4.2. Secondary<br />
1.4.2.1. Paid sources<br />
1.4.2.2. Public sources<br />
Chapter 2. Executive Summary<br />
2.1. <strong>Shape</strong> memory alloys market 3600 synopsis, 2014 – <strong>2025</strong><br />
2.1.1. Business trends<br />
2.1.2. Product by end-user trends<br />
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2.1.3. End-user trends<br />
2.1.4. <strong>Regional</strong> trends<br />
Chapter 3. <strong>Shape</strong> <strong>Memory</strong> <strong>Alloys</strong> Industry Insights<br />
3.1. Industry segmentation<br />
3.2. Industry size and forecast, 2014 – <strong>2025</strong>3.3. Industry ecosystem analysis<br />
3.3.1. Profit margin analysis<br />
3.3.2. Value addition at each stage<br />
3.3.3. Distribution channel analysis<br />
3.3.4. Vendor matrix<br />
3.4. Innovation & sustainability<br />
3.4.1. Patent analysis<br />
3.4.2. Technology landscape<br />
3.5. Industry impact forces<br />
3.5.1. <strong>Growth</strong> drivers<br />
3.5.1.1. Booming global biomedical sector<br />
3.5.1.2. Increasing product demand in aerospace & defense industry<br />
3.5.1.3. Growing automobile industry in Asia Pacific region<br />
3.5.2. Industry pitfalls & challenges<br />
3.5.2.1. Volatility in raw material prices<br />
3.6. Regulatory landscape<br />
3.6.1. U.S.<br />
3.6.2. Europe<br />
3.6.3. China<br />
3.7. <strong>Growth</strong> potential analysis<br />
3.8. Competitive landscape, 2018<br />
3.8.1. Company market share, 2018<br />
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3.8.2. Brand analysis<br />
3.8.3. Strategy dashboard<br />
3.9. Porter’s analysis<br />
3.9.1. Supplier power<br />
3.9.2. Buyer power<br />
3.9.3. Threat of new entrants<br />
3.9.4. Threat of substitutes<br />
3.9.5. Industry rivalry<br />
3.10. Price trends<br />
3.10.1. <strong>Regional</strong> price trends<br />
3.10.2. Product price trends<br />
3.10.3. Cost structure analysis<br />
3.10.3.1. R&D cost<br />
3.10.3.2. Manufacturing & equipment cost<br />
3.10.3.3. Raw material cost<br />
3.10.3.4. Distribution cost<br />
3.10.3.5. Operating cost<br />
3.10.3.6. Miscellaneous cost<br />
3.11. PESTEL analysis<br />
Chapter 4. <strong>Shape</strong> <strong>Memory</strong> <strong>Alloys</strong> <strong>Market</strong>, Product By End-user<br />
4.1. Global shape memory alloys market product insights<br />
4.2. NiTi<br />
4.2.1. <strong>Market</strong> estimates and forecast, 2014 – <strong>2025</strong><br />
4.2.2. <strong>Market</strong> estimates and forecast, by end-user, 2014 – <strong>2025</strong><br />
· Biomedical<br />
· Aerospace & Defense<br />
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· Automotive<br />
· Home Appliances<br />
· Others<br />
4.2.3. <strong>Market</strong> estimates and forecast, by region, 2014 – <strong>2025</strong><br />
4.3. Copper based<br />
4.3.1. <strong>Market</strong> estimates and forecast, 2014 – <strong>2025</strong><br />
4.3.2. <strong>Market</strong> estimates and forecast, by end-user, 2014 – <strong>2025</strong><br />
4.3.3. <strong>Market</strong> estimates and forecast, by region, 2014 – <strong>2025</strong><br />
4.4. Others<br />
4.4.1. <strong>Market</strong> estimates and forecast, 2014 – <strong>2025</strong><br />
4.4.2. <strong>Market</strong> estimates and forecast, by end-user, 2014 – <strong>2025</strong><br />
4.4.3. <strong>Market</strong> estimates and forecast, by region, 2014 – <strong>2025</strong><br />
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