The "Shape Memory Alloys - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com'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:

MARKET OVERVIEW

• 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

MARKET TRENDS & DRIVERS

• 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

FOCUS ON SELECT PLAYERS (Total 48 Featured)

• 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.
• NIPPON STEEL CORPORATION
• PEIER Tech
• Precision Castparts Corp.
• SAES Getters S.p.A.
• Sma Wires India
• Stanford Advanced Materials
• Sunrise Titanium Technology Co. Ltd.
• Ultimate NiTi Technologies

For more information about this report visit https://www.researchandmarkets.com/r/hqnxcl-memory?w=4

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