The Shape Memory Alloys Global Market Report 2023, provides comprehensive information on the shape memory alloys market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Shape Memory Alloys Global Market Report 2023, the global shape memory alloys market size grew from $11.68 billion in 2022 to $13.2 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shape memory alloys market size is expected to grow to $21.41 billion in 2027 at a CAGR of 12.9%.
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The shape memory alloys market is segmented:
1) By Product Type: Sheets, Wires, Tubes, Rods, Springs
2) By Material: Nickel-Titanium, Copper-based, Iron-based, Silver-based, Gold-based, Cobalt-based
3) By End-Use Industry: Biomedical, Aerospace And Defence, Automotive, Consumer Electronics, Home Appliances
Top Key Players
- SAES Getters S.p.A.
- Nippon Steel Corporation
- Fort Wayne Metals Research Products Corp
- Xi’an Saite Metal Materials Development Co. Lt
North America was the largest region in the shape memory alloys market in 2022.
The table of contents in TBRC’s shape memory alloys market report includes:
- Executive Summary
- Shape Memory Alloys Market Characteristics
- Shape Memory Alloys Market Trends And Strategies
- Shape Memory Alloys Market – Macro Economic Scenario
- Shape Memory Alloys Market Size And Growth
.
- Shape Memory Alloys Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Shape Memory Alloys Market
- Shape Memory Alloys Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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