Shape Memory Alloys Market Key Players Analysis 2031
MARKET OVERVIEW
Shape Memory Alloys (SMA) are a type of alloy that can return to its original shape after being deformed due to its ability to "remember" its original shape. The property of returning to the original shape is known as the "shape memory effect" and is caused by a change in the crystal structure of the alloy when it is heated or cooled. SMA is composed of two or more metallic elements and exhibits a unique combination of mechanical and functional properties. They are widely used in various industries such as aerospace, biomedical, automotive, and electronic industries.
MARKET DYNAMICS
The global shape memory alloys market is anticipated to grow in the forecast period owing to driving factors such as the rapidly growing medical implants industry along with growing demands from the defense industry. Widespread applications of the material in automotive and robotics further fuel market growth. However, the rising cost of raw materials and the availability of substitutes restrict the growth of the shape memory alloys market. Nonetheless, the market is likely to showcase opportunities owing to growth in the consumer electronics and home appliance industry.
MARKET SCOPE
The "Global Shape Memory Alloys Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the shape memory alloys market with detailed market segmentation by type, end-use industry, and geography. The global shape memory alloys market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading shape memory alloys market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global shape memory alloys market is segmented based on the type and end-use industry. Based on type, the market is segmented as nitinol, copper-based alloys, iron-manganese-silicon, and others. The market based on the end-use industry is classified as biomedical, aerospace & defense, automotive, consumer electronics & home appliances and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global shape memory alloys market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The shape memory alloys market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the shape memory alloys market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social, and technological factors affecting the shape memory alloys market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global shape memory alloys market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The shape memory alloys market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the shape memory alloys market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social, and technological factors affecting the shape memory alloys market in these regions.
MARKET PLAYERS
The reports cover key developments in the shape memory alloys market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the shape memory alloys market are anticipated to have lucrative growth opportunities in the future with the rising demand for shape memory alloys in the global market. Below mentioned is the list of few companies engaged in the shape memory alloys market.
The report also includes the profiles of key shape memory alloys companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, key developments in the past five years.
- Allegheny Technologies Incorporated (ATI)
- Baoji Seabird Metal Material Co., Ltd
- DYNALLOY, Inc.
- Fort Wayne Metals Research Products Corp
- Furukawa Electric Co., Ltd.
- Johnson Matthey Inc.
- Nippon Seisen Co., Ltd.
- Nippon Steel Corp.
- SAES Getters S.p.A.
- Xi'an Saite Metal Materials Development Co., Ltd.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Shape Memory Alloys Market - By Type
1.3.2 Shape Memory Alloys Market - By End-Use Industry
1.3.3 Shape Memory Alloys Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SHAPE MEMORY ALLOYS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SHAPE MEMORY ALLOYS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SHAPE MEMORY ALLOYS MARKET - GLOBAL MARKET ANALYSIS
6.1. SHAPE MEMORY ALLOYS - GLOBAL MARKET OVERVIEW
6.2. SHAPE MEMORY ALLOYS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SHAPE MEMORY ALLOYS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NITINOL
7.3.1. Overview
7.3.2. Nitinol Market Forecast and Analysis
7.4. COPPER-BASED ALLOYS
7.4.1. Overview
7.4.2. Copper-Based Alloys Market Forecast and Analysis
7.5. IRON-MANGANESE-SILICON
7.5.1. Overview
7.5.2. Iron-Manganese-Silicon Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SHAPE MEMORY ALLOYS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. BIOMEDICAL
8.3.1. Overview
8.3.2. Biomedical Market Forecast and Analysis
8.4. AEROSPACE AND DEFENSE
8.4.1. Overview
8.4.2. Aerospace and Defense Market Forecast and Analysis
8.5. AUTOMOTIVE
8.5.1. Overview
8.5.2. Automotive Market Forecast and Analysis
8.6. CONSUMER ELECTRONICS AND HOME APPLIANCES
8.6.1. Overview
8.6.2. Consumer Electronics and Home Appliances Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SHAPE MEMORY ALLOYS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Shape Memory Alloys Market Overview
9.1.2 North America Shape Memory Alloys Market Forecasts and Analysis
9.1.3 North America Shape Memory Alloys Market Forecasts and Analysis - By Type
9.1.4 North America Shape Memory Alloys Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Shape Memory Alloys Market Forecasts and Analysis - By Countries
9.1.5.1 United States Shape Memory Alloys Market
9.1.5.1.1 United States Shape Memory Alloys Market by Type
9.1.5.1.2 United States Shape Memory Alloys Market by End-Use Industry
9.1.5.2 Canada Shape Memory Alloys Market
9.1.5.2.1 Canada Shape Memory Alloys Market by Type
9.1.5.2.2 Canada Shape Memory Alloys Market by End-Use Industry
9.1.5.3 Mexico Shape Memory Alloys Market
9.1.5.3.1 Mexico Shape Memory Alloys Market by Type
9.1.5.3.2 Mexico Shape Memory Alloys Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Shape Memory Alloys Market Overview
9.2.2 Europe Shape Memory Alloys Market Forecasts and Analysis
9.2.3 Europe Shape Memory Alloys Market Forecasts and Analysis - By Type
9.2.4 Europe Shape Memory Alloys Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Shape Memory Alloys Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Shape Memory Alloys Market
9.2.5.1.1 Germany Shape Memory Alloys Market by Type
9.2.5.1.2 Germany Shape Memory Alloys Market by End-Use Industry
9.2.5.2 France Shape Memory Alloys Market
9.2.5.2.1 France Shape Memory Alloys Market by Type
9.2.5.2.2 France Shape Memory Alloys Market by End-Use Industry
9.2.5.3 Italy Shape Memory Alloys Market
9.2.5.3.1 Italy Shape Memory Alloys Market by Type
9.2.5.3.2 Italy Shape Memory Alloys Market by End-Use Industry
9.2.5.4 United Kingdom Shape Memory Alloys Market
9.2.5.4.1 United Kingdom Shape Memory Alloys Market by Type
9.2.5.4.2 United Kingdom Shape Memory Alloys Market by End-Use Industry
9.2.5.5 Russia Shape Memory Alloys Market
9.2.5.5.1 Russia Shape Memory Alloys Market by Type
9.2.5.5.2 Russia Shape Memory Alloys Market by End-Use Industry
9.2.5.6 Rest of Europe Shape Memory Alloys Market
9.2.5.6.1 Rest of Europe Shape Memory Alloys Market by Type
9.2.5.6.2 Rest of Europe Shape Memory Alloys Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Shape Memory Alloys Market Overview
9.3.2 Asia-Pacific Shape Memory Alloys Market Forecasts and Analysis
9.3.3 Asia-Pacific Shape Memory Alloys Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Shape Memory Alloys Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Shape Memory Alloys Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Shape Memory Alloys Market
9.3.5.1.1 Australia Shape Memory Alloys Market by Type
9.3.5.1.2 Australia Shape Memory Alloys Market by End-Use Industry
9.3.5.2 China Shape Memory Alloys Market
9.3.5.2.1 China Shape Memory Alloys Market by Type
9.3.5.2.2 China Shape Memory Alloys Market by End-Use Industry
9.3.5.3 India Shape Memory Alloys Market
9.3.5.3.1 India Shape Memory Alloys Market by Type
9.3.5.3.2 India Shape Memory Alloys Market by End-Use Industry
9.3.5.4 Japan Shape Memory Alloys Market
9.3.5.4.1 Japan Shape Memory Alloys Market by Type
9.3.5.4.2 Japan Shape Memory Alloys Market by End-Use Industry
9.3.5.5 South Korea Shape Memory Alloys Market
9.3.5.5.1 South Korea Shape Memory Alloys Market by Type
9.3.5.5.2 South Korea Shape Memory Alloys Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Shape Memory Alloys Market
9.3.5.6.1 Rest of Asia-Pacific Shape Memory Alloys Market by Type
9.3.5.6.2 Rest of Asia-Pacific Shape Memory Alloys Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Shape Memory Alloys Market Overview
9.4.2 Middle East and Africa Shape Memory Alloys Market Forecasts and Analysis
9.4.3 Middle East and Africa Shape Memory Alloys Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Shape Memory Alloys Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Shape Memory Alloys Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Shape Memory Alloys Market
9.4.5.1.1 South Africa Shape Memory Alloys Market by Type
9.4.5.1.2 South Africa Shape Memory Alloys Market by End-Use Industry
9.4.5.2 Saudi Arabia Shape Memory Alloys Market
9.4.5.2.1 Saudi Arabia Shape Memory Alloys Market by Type
9.4.5.2.2 Saudi Arabia Shape Memory Alloys Market by End-Use Industry
9.4.5.3 U.A.E Shape Memory Alloys Market
9.4.5.3.1 U.A.E Shape Memory Alloys Market by Type
9.4.5.3.2 U.A.E Shape Memory Alloys Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Shape Memory Alloys Market
9.4.5.4.1 Rest of Middle East and Africa Shape Memory Alloys Market by Type
9.4.5.4.2 Rest of Middle East and Africa Shape Memory Alloys Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Shape Memory Alloys Market Overview
9.5.2 South and Central America Shape Memory Alloys Market Forecasts and Analysis
9.5.3 South and Central America Shape Memory Alloys Market Forecasts and Analysis - By Type
9.5.4 South and Central America Shape Memory Alloys Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Shape Memory Alloys Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Shape Memory Alloys Market
9.5.5.1.1 Brazil Shape Memory Alloys Market by Type
9.5.5.1.2 Brazil Shape Memory Alloys Market by End-Use Industry
9.5.5.2 Argentina Shape Memory Alloys Market
9.5.5.2.1 Argentina Shape Memory Alloys Market by Type
9.5.5.2.2 Argentina Shape Memory Alloys Market by End-Use Industry
9.5.5.3 Rest of South and Central America Shape Memory Alloys Market
9.5.5.3.1 Rest of South and Central America Shape Memory Alloys Market by Type
9.5.5.3.2 Rest of South and Central America Shape Memory Alloys Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SHAPE MEMORY ALLOYS MARKET, KEY COMPANY PROFILES
11.1. ALLEGHENY TECHNOLOGIES INCORPORATED (ATI)
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAOJI SEABIRD METAL MATERIAL CO., LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DYNALLOY, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FORT WAYNE METALS RESEARCH PRODUCTS CORP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FURUKAWA ELECTRIC CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JOHNSON MATTHEY INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NIPPON SEISEN CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NIPPON STEEL CORP.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAES GETTERS S.P.A.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. XI'AN SAITE METAL MATERIALS DEVELOPMENT CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Allegheny Technologies Incorporated (ATI)
- Baoji Seabird Metal Material Co., Ltd
- DYNALLOY, Inc.
- Fort Wayne Metals Research Products Corp
- Furukawa Electric Co., Ltd.
- Johnson Matthey Inc.
- Nippon Seisen Co., Ltd.
- Nippon Steel Corp.
- SAES Getters S.p.A.
- Xi'an Saite Metal Materials Development Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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