Shape Memory Alloys Market Size, Share, Trends, Growth 2032
Shape Memory Alloys Market By Product (Nitinol Alloys, Copper-Based Alloys, and Others), By End-User (Automotive, Biomedical, Consumer Electronics & Household, Aerospace & Defense, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 13.89 Billion | USD 39.72 Billion | 12.38% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Shape Memory Alloys Market, 2016–2026 (USD Billion)
- 2.2. Shape Memory Alloys Market: Snapshot
- Chapter 3. Global Shape Memory Alloys Market– Industry Analysis
- 3.1. Shape Memory Alloys Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Large-scale production of gulf clubs, eyeglass frames, helicopter blades, wires, ribbons, and tubes will pave a way for the growth of business in the upcoming years.
- 3.2.2. Beneficial product features like high fatigue resistance, huge mechanical strength, shape memory effect, biocompatibility, light weight, and super elasticity will favorably leverage the growth of the industry over the forecasting timespan.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Product
- 3.4.2. Market attractiveness analysis By End User
- Chapter 4. Global Shape Memory Alloys Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Shape Memory Alloys Market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Product launches
- 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Shape Memory Alloys Market–Product Analysis
- 5.1. Global Shape Memory Alloys Market overview: By Product
- 5.1.1. Global Shape Memory Alloys Market share, By Product,2019 and 2026
- 5.2. Nitinul Alloys
- 5.2.1. Global Shape Memory Alloys Market by Nitinul Alloys, 2016–2026 (USD Billion)
- 5.3. Copper-Based Alloys
- 5.3.1. Global Shape Memory Alloys Market by Copper-Based Alloys, 2016–2026 (USD Billion)
- 5.4. Others
- 5.4.1. Global Shape Memory Alloys Market by Others, 2016–2026 (USD Billion)
- 5.1. Global Shape Memory Alloys Market overview: By Product
- Chapter 6. Global Shape Memory Alloys Market– End User Analysis
- 6.1. Global Shape Memory Alloys Market overview: By End User
- 6.1.1. Global Shape Memory Alloys Market share, By End User , 2019 and 2026
- 6.2. Automotive
- 6.2.1. Global Shape Memory Alloys Market by Automotive, 2016–2026 (USD Billion)
- 6.3. Biomedical
- 6.3.1. Global Shape Memory Alloys Market by Biomedical, 2016–2026 (USD Billion)
- 6.4. Consumer Electronics & Househuld
- 6.4.1. Global Shape Memory Alloys Market by Consumer Electronics & Househuld, 2016–2026 (USD Billion)
- 6.5. Aerospace & Defense
- 6.5.1. Global Shape Memory Alloys Market by Aerospace & Defense, 2016–2026 (USD Billion)
- 6.6. Others
- 6.6.1. Global Shape Memory Alloys Market by Others, 2016–2026 (USD Billion)
- 6.1. Global Shape Memory Alloys Market overview: By End User
- Chapter 7. Company Profiles
- 7.1. ATI
- 7.1.1. Overview
- 7.1.2. Financials
- 7.1.3. Product Portfolio
- 7.1.4. Business Strategy
- 7.1.5. Recent Developments
- 7.2. SAES Group
- 7.2.1. Overview
- 7.2.2. Financials
- 7.2.3. Product Portfolio
- 7.2.4. Business Strategy
- 7.2.5. Recent Developments
- 7.3. Johnson Matthey
- 7.3.1. Overview
- 7.3.2. Financials
- 7.3.3. Product Portfolio
- 7.3.4. Business Strategy
- 7.3.5. Recent Developments
- 7.4. Furukawa Electric Co., Ltd.
- 7.4.1. Overview
- 7.4.2. Financials
- 7.4.3. Product Portfolio
- 7.4.4. Business Strategy
- 7.4.5. Recent Developments
- 7.5. Seabird Metal
- 7.5.1. Overview
- 7.5.2. Financials
- 7.5.3. Product Portfolio
- 7.5.4. Business Strategy
- 7.5.5. Recent Development
- 7.6. Nippon Steel Corporation
- 7.6.1. Overview
- 7.6.2. Financials
- 7.6.3. Product Portfolio
- 7.6.4. Business Strategy
- 7.6.5. Recent Development
- 7.7. Fort Wayne Metals Research Products Corp
- 7.7.1. Overview
- 7.7.2. Financials
- 7.7.3. Product Portfolio
- 7.7.4. Business Strategy
- 7.7.5. Recent Development
- 7.1. ATI
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Shape Memory Alloys Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Shape Memory Alloys Market attractiveness, By Product
6. Global Shape Memory Alloys Market attractiveness, By End User
7. Global Shape Memory Alloys Market share, By Product, 2019 and 2026
8. Global Shape Memory Alloys Market by Nitinol Alloys, 2016–2026 (USD Billion)
9. Global Shape Memory Alloys Market by Copper-Based Alloys ,2016–2026 (USD Billion)
10. Global Shape Memory Alloys Market by Others,2016–2026 (USD Billion)
11. Global Shape Memory Alloys Market Share by End User ,2019 and 2026 (USD Billion)
12. Global Shape Memory Alloys Market by Automotive ,2016–2026 (USD Billion)
13. Global Shape Memory Alloys Market by Biomedical ,2016–2026 (USD Billion)
14. Global Shape Memory Alloys Market by Consumer Electronics & Household ,2016–2026 (USD Billion)
15. Global Shape Memory Alloys Market by Aerospace & Defense ,2016–2026 (USD Billion)
16. Global Shape Memory Alloys Market by Others ,2016–2026 (USD Billion)
17. Global Shape Memory Alloys Market share, by Region, 2019 and 2026
18. North America Shape Memory Alloys Market, 2016–2026 (USD Billion)
19. Europe Shape Memory Alloys Market, 2016–2026 (USD Billion)
20. Asia Pacific Shape Memory Alloys Market, 2016–2026 (USD Billion)
21. Latin America Shape Memory Alloys Market, 2016–2026 (USD Billion)
22. The Middle East and Africa Shape Memory Alloys Market, 2016–2026 (USD Billion)
Table Of Tables
List of Tables
1. Global Shape Memory Alloys Market: snapshot
2. Drivers of the Shape Memory Alloys Market: impact analysis
3. North America Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
4. North America Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
5. The U.S. Shape Memory Alloys Market revenue, By Product, 2016–2026 (USD Billion)
6. The U.S. Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
7. Rest of North America Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
8. Rest of North America Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
9. Europe Shape Memory Alloys Market revenue, By Product, 2016–2026 (USD Billion)
10. Europe Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
11. UK Shape Memory Alloys Market revenue, By Product ,2016–2026 (USD Billion)
12. UK Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
13. France Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
14. France Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
15. Germany Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
16. Germany Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
17. Rest of Europe Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
18. Rest of Europe Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
19. Asia Pacific Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
20. Asia Pacifics Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
21. China Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
22. China Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
23. Japan Shape Memory Alloys Market revenue, By Product, 2016–2026 (USD Billion)
24. Japan Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
25. India Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
26. India Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
27. Rest of Asia Pacific Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
28. Rest of Asia Pacific Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
29. Latin America Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
30. Latin America Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
31. Brazil Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
32. Brazil Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
33. Rest of Latin America Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
34. Rest of Latin America Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
35. The Middle East and Africa Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
36. The Middle East and Africa Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
37. Saudi Arabia Shape Memory Alloys Market revenue, By Product, 2016–2026 (USD Billion)
38. Saudi Arabia Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
39. South Africa Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
40. South Africa Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
41. Rest of the Middle East & Africa Shape Memory Alloys Market revenue, By Product,2016–2026 (USD Billion)
42. Rest of the Middle East & Africa Shape Memory Alloys Market revenue, By End User , 2016–2026 (USD Billion)
Methodology
FrequentlyAsked Questions
Materials known as shape memory alloys (SMAs) have the ability to revert to a predefined size or form in response to a certain temperature change. Certain alloys have special qualities that enable them to remember their previous configuration even after they have been distorted. The main cause of this behaviour is a phase transition in the microstructure of the material.
The market is expanding as a result of the growing usage of SMAs in medical applications, including stents, orthodontic wires, and surgical instruments. They are perfect for these applications because of their biocompatibility and capacity to react to body temperature.
According to Zion Market Research, the global Shape Memory Alloys Market was worth USD 13.89 Billion in 2023. The market is forecast to reach USD 39.72 Billion by 2032.
According to Zion Market Research, the global Shape Memory Alloys Market a compound annual growth rate (CAGR) of 12.38% during the forecast period 2024-2032.
The growth of the market in North America over the forecast timespan is owing to surge in the research activities across the bio-engineering domain. In addition to this, massive utilization of medical equipment in the countries like the U.S. along with large-scale product penetration in aerospace, bio-medical, and automobile sectors in the region will propel the regional business growth trends.
Key players profiled in the report and influencing the market growth are Seabird Metal, ATI, SAES Group, Nippon Steel Corporation, Johnson Matthey, Furukawa Electric Co., Ltd., and Fort Wayne Metals Research Products Corp.
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