High Performance Alloys Market : Global Industry Size, Share, Trends, and forecasts 2014 to 2021
High performance alloys display combine properties of metals, nonmetals and metalloids. Such properties include high mechanical strength, resistance to corrosion and oxidation as well as high temperature resistance. They can perform in extreme conditions of pressure, temperature, radiation and corrosive media.
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Commercially available high performance alloys include non-ferrous, platinum, refractory and superalloys. Some of the popular trade names are Hastelloy, Waspaloy, Inconel and Rene alloys. The end-user industries of high performance alloys are aerospace, industrial gas turbines, automotive, oil & gas and electronics. High performance alloys find novel use in fuel cells and as catalytic converters.
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Non-ferrous alloys (titanium & aluminium) are the leading product segments of the global high temperature alloys market. Superalloys follow them in the terms of demand and production. Alloys of the platinum group metal are now finding increased usage as catalytic converters in passenger vehicles.
Market Report Analysis :
The aerospace industry is investing heavily into research and development (R&D) to manufacture high performance alloys, to meet the industry needs. Governments around the world are promoting policies, which favour the use of high performance alloys in the aerospace sector. The eco-friendly policies are further enhancing the growth of high performance alloys.
Best Region Of Markets :
North America is the global leader of high performance alloys market followed by Europe. The high performance alloys markets of Asia-Pacific and Middle East & Africa are projected to start growing by a very high rate from the final leg of the forecasted period.
SEGMENTATIONS IN REPORT :
A. High Performance Alloys By Products :
B. High Performance Alloys By Applications :
4. Oil & gas
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