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Global Shape Memory Alloys Market Analytics Report 2022: Market to Reach $22.4 Billion by 2027 - Use of AI in the Design of Shape Metal Alloys Gains Momentum -

The "Shape Memory Alloys - Global Market Trajectory & Analytics" report has been added to's offering.

Global Shape Memory Alloys Market to Reach $22.4 Billion by 2027

The global market for Shape Memory Alloys estimated at US$10.4 Billion in the year 2020, is projected to reach a revised size of US$22.4 Billion by 2027, growing at a CAGR of 11.5% over the period 2020-2027.

Nitinol, one of the segments analyzed in the report, is projected to record a 11.6% CAGR and reach US$15.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Copper-Based segment is readjusted to a revised 14.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.6 Billion, While China is Forecast to Grow at 14.2% CAGR

The Shape Memory Alloys market in the U.S. is estimated at US$3.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2027 trailing a CAGR of 14.2% over the period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 10.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.

Iron-Manganese Silicon Segment to Record 9.4% CAGR

In the global Iron-Manganese Silicon segment, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this segment.

These regional markets accounting for a combined market size of US$591.5 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

What's New?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:


  • Influencer Market Insights
  • World Market Trajectories
  • Shape Memory Alloys - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • Shape Metal Alloys Face Notable Disruptions
  • Review of Pandemic Impact on Major End Use Markets
  • Why Investing in Materials Innovation is Vital for Countries & Their Economy
  • Implications of Materials Innovation on Core Areas of Economy
  • Shape Memory Alloys: A Prelude
  • Nitinol Emerges as Popular Shape Memory Alloy
  • Biomedical & Aerospace: Principal Segments of Shape Memory Alloys Market
  • North America Captures Majority Stake in Global Shape Memory Alloys Market
  • Market Outlook: SMAs Market Appears Poised to Maintain Good Shape
  • Recent Market Activity


  • Shape Memory Alloys Enjoy Increasing Acceptance for Biomedical Applications
  • Growing Focus Accelerated Healing for Fractured Bones to Drive SMA Application in Orthopedic Implants
  • Select Musculoskeletal Conditions - Percentage Breakdown by Age Group
  • Shape Memory Alloys in Cardiac Procedures
  • COVID-19 Weigh Heavily on Shape Memory Alloy Demand in Cardiac Care
  • Nickel-Titanium Alloy Holds Potential to Spark Endodontic Transformation
  • Future Scope
  • Pandemic Presents Challenging Times for Dental Market
  • Use of AI in the Design of Shape Metal Alloys Gains Momentum
  • Additive manufacturing (AM) Widens Application Range for Nitinols
  • Shape Memory Alloys Endow Stellar Possibilities for Aerospace Industry
  • Potent Wing Applications of Shape Memory Alloys
  • SMAs to Reduce Unpleasant Airplane Noise during Descent
  • A Note on Importance of Material Innovation for Aircraft Manufacturers
  • COVID-19 Plays Spoilsport to Airlines Market Affecting SMAs Industry
  • Staged Recovery over Long-Term to Benefit Demand
  • Organizations Explore Application of SMAs in Space Programs
  • SMAs Emerge as a Compelling Option for Automotive Actuators
  • Expanding Role of Electronics in Automotive Vehicles Spurs Demand
  • Shape Memory Alloys for Micro-Electromechanical Systems
  • Consumer Electronics to Gain from Hardware Innovations Enabled by SMAs
  • New Smartphone Imaging Trends Benefit the Demand for SMA Actuators
  • Simplifying Innovations in Household Appliance Technology
  • Rise in Home Automation (Domotics) to Support Demand for Shape Memory Alloys
  • Rising Need for Home Automation Presents Steady Growth Opportunities for Shape Memory Alloys
  • Growth in Demand for Shape Memory Alloys in Luxury Sector
  • SMAs Playing an Important Role in Offering Antiscald Protection in Showerheads Industry
  • Eyeglass Frames Get Super Elastic with SMAs
  • SMAs Drive Reliability of Fire Sprinklers in Fire Control
  • Long Shape Memory Alloy Tendons for Soft Robotic Systems with Soft Grippers
  • Robots Garner Attention as Critical Resource to Combat COVID-19 Pandemic


  • ALB Materials Inc.
  • Allegheny Technologies Incorporated
  • Baoji Seabird Metal Material Co., Ltd
  • Boston Centerless
  • Confluent Medical Technologies
  • Dynalloy Inc
  • Euroflex GmbH
  • Fort Wayne Metals Research Products Corp.
  • Furukawa Electric Co., Ltd
  • G. Rau GmbH & Co. KG
  • GRINM Group Co., Ltd.
  • Hangzhou Ualloy Material Co., Ltd
  • Johnson Matthey
  • M & T Co., Ltd
  • Memry Corporation
  • Metalwerks Inc.
  • Nanoshel LLC
  • Nippon Seisen Co. Ltd.
  • PEIER Tech
  • Precision Castparts Corp.
  • SAES Getters S.p.A.
  • Sma Wires India
  • Stanford Advanced Materials
  • Sunrise Titanium Technology Co. Ltd.
  • Ultimate NiTi Technologies

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