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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, 2021-2028
ID:VMR11210265
February 2022
Report Formats:
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 XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 with a CAGR of XX%.
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
By Application
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.
Global Shape Memory Alloys Market Share by Region (Representative Graph)
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.
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.
Global Shape Memory Alloys Market Share by Region (Representative Graph)
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 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . SHAPE MEMORY ALLOYS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL SHAPE MEMORY ALLOYS MARKET ANALYSIS BY PRODUCT
6.1 Overview by Product
6.2 Historical and Forecast Data
6.3 Analysis by Product
6.4 Nickel-Titanium (Ni-Ti) Historic and Forecast Sales by Regions
6.5 Copper Based Historic and Forecast Sales by Regions
6.6 Fe-Manganese-Silicon (Fe-Mn-Si) Historic and Forecast Sales by Regions
6.7 Others Historic and Forecast Sales by Regions
7 . GLOBAL SHAPE MEMORY ALLOYS MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Medical Historic and Forecast Sales by Regions
7.5 Aircraft Historic and Forecast Sales by Regions
7.6 Automotive Historic and Forecast Sales by Regions
7.7 Home Historic and Forecast Sales by Regions
7.8 Others Historic and Forecast Sales by Regions
8 . GLOBAL SHAPE MEMORY ALLOYS MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1. Overview, Historic and Forecast Sales Analysis
8.3.2. North America By Segment Sales Analysis
8.3.3. North America By Country Sales Analysis
8.3.4. United State Sales Analysis
8.3.5. Canada Sales Analysis
8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1. Overview, Historic and Forecast Sales Analysis
8.4.2. Europe by Segment Sales Analysis
8.4.3. Europe by Country Sales Analysis
8.4.4. United Kingdom Sales Analysis
8.4.5. France Sales Analysis
8.4.6. Germany Sales Analysis
8.4.7. Italy Sales Analysis
8.4.8. Russia Sales Analysis
8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1. Overview, Historic and Forecast Sales Analysis
8.5.2. Asia Pacific by Segment Sales Analysis
8.5.3. Asia Pacific by Country Sales Analysis
8.5.4. China Sales Analysis
8.5.5. India Sales Analysis
8.5.6. Japan Sales Analysis
8.5.7. South Korea Sales Analysis
8.5.8. Australia Sales Analysis
8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1. Overview, Historic and Forecast Sales Analysis
8.6.2. Latin America by Segment Sales Analysis
8.6.3. Latin America by Country Sales Analysis
8.6.4. Brazil Sales Analysis
8.6.5. Argentina Sales Analysis
8.6.6. Peru Sales Analysis
8.6.7. Chile Sales Analysis
8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1. Overview, Historic and Forecast Sales Analysis
8.7.2. Middle East & Africa by Segment Sales Analysis
8.7.3. Middle East & Africa by Country Sales Analysis
8.7.4. Saudi Arabia Sales Analysis
8.7.5. UAE Sales Analysis
8.7.6. Israel Sales Analysis
8.7.7. South Africa Sales Analysis
8.7.8. Rest Of Middle East And Africa Sales Analysis
9 . COMPETITIVE LANDSCAPE OF THE SHAPE MEMORY ALLOYS COMPANIES
9.1. Shape Memory Alloys Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF SHAPE MEMORY ALLOYS INDUSTRY
10.1. Top 10 Company Share Analysis
10.2. Market Concentration Rate
10.3. ATI Wah-chang
10.3.1. Company Overview
10.3.2. Company Revenue
10.3.3. Products
10.3.4. Recent Developments
10.4. Baoji Seabird Metal
10.4.1. Company Overview
10.4.2. Company Revenue
10.4.3. Products
10.4.4. Recent Developments
10.5. Dynalloy
10.5.1. Company Overview
10.5.2. Company Revenue
10.5.3. Products
10.5.4. Recent Developments
10.6. Fort Wayne Metals
10.6.1. Company Overview
10.6.2. Company Revenue
10.6.3. Products
10.6.4. Recent Developments
10.7. Furukawa Electric
10.7.1. Company Overview
10.7.2. Company Revenue
10.7.3. Products
10.7.4. Recent Developments
10.8. G.RAU GmbH & Co. KG
10.8.1. Company Overview
10.8.2. Company Revenue
10.8.3. Products
10.8.4. Recent Developments
10.9. GEE
10.9.1. Company Overview
10.9.2. Company Revenue
10.9.3. Products
10.9.4. Recent Developments
10.10. Grikin
10.10.1. Company Overview
10.10.2. Company Revenue
10.10.3. Products
10.10.4. Recent Developments
10.11. Johnson Matthey
10.11.1. Company Overview
10.11.2. Company Revenue
10.11.3. Products
10.11.4. Recent Developments
10.12. Metalwerks PMD
10.12.1. Company Overview
10.12.2. Company Revenue
10.12.3. Products
10.12.4. Recent Developments
10.13. Nippon Seisen
10.13.1. Company Overview
10.13.2. Company Revenue
10.13.3. Products
10.13.4. Recent Developments
10.14. Nippon Steel & Sumitomo Metal
10.14.1. Company Overview
10.14.2. Company Revenue
10.14.3. Products
10.14.4. Recent Developments
10.15. Nitinol Devices & Components
10.15.1. Company Overview
10.15.2. Company Revenue
10.15.3. Products
10.15.4. Recent Developments
10.16. PEIER Tech
10.16.1. Company Overview
10.16.2. Company Revenue
10.16.3. Products
10.16.4. Recent Developments
10.17. SAES Getters
10.17.1. Company Overview
10.17.2. Company Revenue
10.17.3. Products
10.17.4. Recent Developments
10.18. Saite Metal
10.18.1. Company Overview
10.18.2. Company Revenue
10.18.3. Products
10.18.4. Recent Developments
10.19. Ultimate NiTi Technologies
10.19.1. Company Overview
10.19.2. Company Revenue
10.19.3. Products
10.19.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Product (USD MN)
- Nickel-Titanium (Ni-Ti) Market Sales by Geography (USD MN)
- Copper Based Market Sales by Geography (USD MN)
- Fe-Manganese-Silicon (Fe-Mn-Si) Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Analysis Market by Application (USD MN)
- Medical Market Sales by Geography (USD MN)
- Aircraft Market Sales by Geography (USD MN)
- Automotive Market Sales by Geography (USD MN)
- Home Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Shape Memory Alloys Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Shape Memory Alloys Report
- Market Research Process
- Market Research Methodology
- Global Shape Memory Alloys Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Product
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Product (USD MN)
- Nickel-Titanium (Ni-Ti) Market Sales by Geography (USD MN)
- Copper Based Market Sales by Geography (USD MN)
- Fe-Manganese-Silicon (Fe-Mn-Si) Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market Analysis by Application (USD MN)
- Medical Market Sales by Geography (USD MN)
- Aircraft Market Sales by Geography (USD MN)
- Automotive Market Sales by Geography (USD MN)
- Home Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top 10 Company Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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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