Global Shape Memory Alloys Market Report By Product (Nickel-Titanium (Ni-Ti), Copper Based, Fe-Manganese-Silicon (Fe-Mn-Si), and Others), Application (Medical, Aircraft, Automotive, Home, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025
ID:VMR11210265
December 2018
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Rising demand from diverse end-use industries such as automotive, aerospace, biomedical, robotics, etc. is driving the market growth. Owing to excellent properties such biocompatibility, pseudoelasticity, non-corrosive, high damping ability, shape memory effect, and high fatigue life are boosting the demand of SMA. Growing usage in fire safety and protection system is again boosting the market growth. Ongoing Technological advancement in alloy formation and the wide variety of alloy available are presumed to add impetus growth to the market in the following years.

The latest report by Value Market Research expects the Global Shape Memory Alloys Market to reach USD 70.4 billion by 2025. It was valued USD 29.9 billion in 2018. The report foresees a 13% CAGR from 2019 to 2025.
 
NICKEL TITANIUM LED THE PRODUCT SEGMENT
In 2018, Nickel-titanium dominated the product segment by accounting major market share. Robust demand from biochemical industry for the production of surgical instruments, medical devices, implants, rods, wires, films and etc. is driving the segment market. Apart from biomedical, rising demand from other potential industries such as automotive, consumer electronics, etc. are also pushing the segment growth uphill. 
 
MEDICAL SECTOR DOMINATED THE APPLICATION SEGMENT
By application, medical sector emerged as the leading segment in 2018 owing to rising application of SMA in medical devices, implants, and equipment. The growing prevalence of chronic and fatal medical conditions has generated high demand for implants and devices to enhance patient care are further boosting the segment growth.
 
NORTH AMERICA HELD MAXIMUM MARKET SHARE
On the basis of region, North America dominated the market in 2018. Booming aerospace, automotive, healthcare, and other end-use industries are driving the regional shape memory alloy market. Increasing spending on research and development and application especially for the aerospace industry is again factor fueling the market growth in North America.
 
MAJOR PLAYERS OF THE MARKET
ATI Wah-chang, Baoji Seabird Metal, Dynalloy, Fort Wayne Metals, Furukawa Electric, G.RAU GmbH & Co. KG, GEE, Grikin, Johnson Matthey, Metalwerks PMD, Nippon Seisen, Nippon Steel & Sumitomo Metal, Nitinol Devices & Components, PEIER Tech, SAES Getters, Saite Metal, Ultimate NiTi Technologies are the key manufacturers of the shape memory alloy market.

As per this study the Global Shape Memory Alloys Market was valued USD 29.9 BN (by revenue) in 2018 and is anticipated to reach USD 70.4 BN by 2025 with a CAGR of 13%.
 
The shape memory alloys are alloys that regain their original form even after deformation. They are lightweight and act as an alternative to the conventional actuators, such as motor-based, pneumatic, and the hydraulic systems. Owing to the exceptional characteristics of the shape memory alloys they have application across different end-user industries.
 
Market Dynamics
 
Rising demand from the end-user industries such as aerospace & defense, consumer electronics & home appliances industries, and the healthcare sector owing to its superior property is expected to drive the market growth. The increasing use of the shape memory alloys in the safety and security systems, manufacturing of the golf clubs, and anti-scalding protection are again driving product demand. Owing to their exceptional characteristic like shape memory effect, pseudo-elasticity, and high damping they find electronic and medical applications. Technological advancement and broader availability of alloy are assumed to add impetus growth to the market in the near future.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of shape memory alloys.
 
Market Segmentation
 
The broad shape memory alloys market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product

  • Nickel-Titanium (Ni-Ti)
  • Copper Based
  • Fe-Manganese-Silicon (Fe-Mn-Si)
  • Others
 
By Application
  • Medical
  • Aircraft
  • Automotive
  • Home
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for shape memory alloys in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Shape Memory Alloys Market By Revenue (USD MN)
 
Europe Shape Memory Alloys Market By Revenue
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the shape memory alloys market include ATI Wah-chang, Baoji Seabird Metal, Dynalloy, Fort Wayne Metals, Furukawa Electric, G.RAU GmbH & Co. KG, GEE, Grikin, Johnson Matthey, Metalwerks PMD, Nippon Seisen, Nippon Steel & Sumitomo Metal, Nitinol Devices & Components, PEIER Tech, SAES Getters, Saite Metal, Ultimate NiTi Technologies, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.

1. INTRODUCTION

  • Introduction To Shape Memory Alloys
  • Report Description
    • Objectives Of The Study
    • Assumptions
  • Research Scope
  • Research Methodology
    • Data Source
 
2. EXECUTIVE SUMMARY
  • Market Highlight
  • Global Shape Memory Alloys Market: Snapshot
 
3. MARKET ANALYSIS
  • Drivers
  • Restraints
  • Opportunities
  • Porter’s Five Forces Analysis
  • Value Chain Analysis
 
4. SHAPE MEMORY ALLOYS MARKET ANALYSIS BY PRODUCT
  • Market In Nickel-Titanium (Ni-Ti)
  • Market In Copper Based
  • Market In Fe-Manganese-Silicon (Fe-Mn-Si)
  • Market In Others
 
5. SHAPE MEMORY ALLOYS MARKET ANALYSIS BY APPLICATION
  • Market In Medical
  • Market In Aircraft
  • Market In Automotive
  • Market In Home
  • Market In Others
 
6. SHAPE MEMORY ALLOYS MARKET ANALYSIS BY GEOGRAPHY
  • North America (NA)
    • North America Market Estimates
    • North America Market Estimates By Country
    • United States (U.S.) Market Estimates By Segments
    • Rest Of North America Market Estimates By Segments
  • Europe (EU)
    • Europe Market Estimates
    • Europe Market Estimates By Country
    • United Kingdom (UK) Market Estimates By Segments
    • Germany Market Estimates By Segments
    • France Market Estimates By Segments
    • Rest Of Europe Market Estimates By Segments
  • Asia Pacific (APAC)
    • Asia Pacific Market Estimates
    • Asia Pacific Market Estimates By Country  
    • China Market Estimates By Segments
    • Japan Market Estimates By Segments
    • India Market Estimates By Segments
    • Rest Of Asia Pacific Market Estimates By Segments  
  • Latin America (LA)   
    • Latin America Market Estimates
    • Latin America Market Estimates By Country
    • Brazil Market Estimates By Segments
    • Rest Of Latin America Market Estimates By Segments
  • Middle East And Africa (MEA)   
    • Middle East And Africa Market Estimates
    • Middle East And Africa Market Estimates By Country
    • Middle East Market Estimates By Segments
    • Africa Market Estimates By Segments
 
7. COMPETITIVE LANDSCAPE OF THE SHAPE MEMORY ALLOYS COMPANIES
  • Market Competition
  • Partnerships/Collaborations/Agreements
  • Mergers And Acquisitions
  • New Product Launches
  • Other Developments
 
8. COMPANY PROFILES OF THE SHAPE MEMORY ALLOYS INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
  • ATI Wah-chang
  • Baoji Seabird Metal
  • Dynalloy
  • Fort Wayne Metals
  • Furukawa Electric
  • G.RAU GmbH & Co. KG
  • GEE
  • Grikin
  • Johnson Matthey
  • Metalwerks PMD
  • Nippon Seisen
  • Nippon Steel & Sumitomo Metal
  • Nitinol Devices & Components
  • PEIER Tech
  • SAES Getters
  • Saite Metal
  • Ultimate NiTi Technologies
  • Others
 
* Tentative TOC
 
LIST OF TABLES
 
Table 1.  Market Highlights Of Shape Memory Alloys
Table 2.  Global Shape Memory Alloys Market By Product
Table 3.  Global Shape Memory Alloys Market By Application
Table 4.  Global Shape Memory Alloys Market By Geography
Table 5.  North America Shape Memory Alloys Market
Table 6.  Europe Shape Memory Alloys Market
Table 7.  Asia Pacific Shape Memory Alloys Market
Table 8.  Latin America Shape Memory Alloys Market
Table 9.  Middle East And Africa Shape Memory Alloys Market 
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
  
LIST OF FIGURES
 
Fig. 1.     Market Segmentation Of Shape Memory Alloys Market 
Fig. 2.     Top-Down Approach   
Fig. 3.     Bottom-Up Approach   
Fig. 4.     Market Highlights Of Shape Memory Alloys
Fig. 5.     Porter’s Five Forces Analysis
Fig. 6.     Value Chain Analysis
Fig. 7.     Global Shape Memory Alloys Market By Product
Fig. 8.     Global Shape Memory Alloys Market By Application
Fig. 9.     Global Shape Memory Alloys Market By Geography
Fig. 10.   North America Shape Memory Alloys Market
Fig. 11.   Europe Shape Memory Alloys Market
Fig. 12.   Asia Pacific Shape Memory Alloys Market
Fig. 13.   Latin America Shape Memory Alloys Market
Fig. 14.   Middle East And Africa Shape Memory Alloys Market
Fig. 15.   Market Share Of Shape Memory Alloys Companies
Fig. 16.   Recent Developments In Shape Memory Alloys Industry
 
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.  

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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