High-Performance Alloys Market Size, Share, Growth, Analysis and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global High-Performance Alloys Market 2016-2020

Technavio recognizes the following companies as the key players in the global high-performance alloys market: Alcoa, ATI, Haynes, Special Metals, VSMPO-AVISMA, Aperam, Baosteel, Beijing CISRI-GAONA Materials & Technology, Carpenter Technology, CDM, Danyang Kaixin Alloy Materials, Fushun Special Steel Shares, Hangzhou King Titanium, Kobe Steel, Jiangsu Well Titanium, Shenyang Hejin Holding Investment, Super Alloy Industrial, Shaanxi Jin Han Precious Metals, and TIMET.

Commenting on the report, an analyst from Technavios team said: Growing prominence of nickel-based high-performance alloys will be a key trend for market growth. Nickel-based high-performance alloys are extensively used in the manufacture of aircraft and power-generation turbines, rocket engines, chemical processing plants, nuclear power, and other challenging environments. These high-performance alloys are used widely in the production of aircraft parts and typically constitute 40%-50% of the whole weight of an airplane engine.

Browse full report with TOC@ https://marketreportscenter.com/reports/403873/global-high-performance-alloys-market-2016-2020

According to the report, increased efficiency of engines will be a key driver for market growth. Alloys of nickel, aluminum, and titanium are mostly used in the aerospace industry owing to their extremely high resistance to temperature and physical stress. The amount of alloy present in each aircraft can range from 30% to 60%. High-performance alloys of titanium are used in the manufacture of gas turbine engines, as they exhibit properties such as creep resistance, sulfidation, heat resistance, resistant to oxidation, and corrosion-resistant and other related features.

Further, the report states that toxic nature of chromium and other metals will be a challenge for the market. Hexavalent chromium and nickel compounds used in the...