The global metal alloy market is anticipated to grow at a CAGR of 4.77% during the forecast period (2023-2030). Metal alloys are metallic substances formed by fusing or mixing two metals, or non-metal and metal, thereby obtaining a desirable characteristic including strength, hardness, lightness, etc. The key factors driving the metal alloy market include transportation, construction, machinery, and packaging will support the metal alloys market. Product innovation is a key trend gaining popularity in the metal alloy market. To improve their product quality in the metal alloys industry, major market players are launching new products. For instance, in April 2022, A new metal alloy was developed by the National Aeronautics and Space Administration (NASA), a separate US federal organization, that is 1,000 times more durable than the parts used in today’s aircraft and spacecraft. Different metal alloys have significant electrical conductivity qualities. This characteristic enables effective and smooth electrical signal and power transfer between various semiconductor components.
For instance, in May 2023 The TANAKA Kikinzoku Kogyo K.K., which runs the TANAKA Precious Metals manufacturing business, announced the introduction of TK-FS, a new allow for probe pins of probe cards and test sockets used in the testing process of semiconductor manufacture. Widely utilized in many applications is nickel-base superalloy owing combination of high temperature strength, thermal stability, superior corrosion and oxidation resistance, ease of fabrication, and great weldability. For instance, in July 2022 EOS, The supplier of responsible manufacturing solutions using industrial 3D printing technology made the announcement. Four new metal materials for additive manufacturing (AM) on the EOS M 290 metal system have been introduced, including two stainless steels, one tool steel, and one nickel alloy. Owing of its extremely low rates of thermal expansion, Nickel alloy utilized at cryogenic temperatures.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Material
- By Process
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Alcoa Inc., Carpenter Technology Corp., Hitachi Metals Ltd., and others.
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Metal Alloy Market Report Segment
By Material
- Stainless Steel Alloys
- Aluminum Alloys
- Bronze Alloys
- Nickel Alloys
- Others (Iron Alloy)
By Process
- Casting
- Hot & Cold Rolling
- Others (Fusion Method)
By Application
- Aerospace
- Automotive
- Construction
- Electronics
- Energy
- Medical
- Other (Packaging, Machinery)
Metal Alloy Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Aperam S.A.
- ArcelorMittal
- AVISMA Corp.
- Chalco
- IBC Advanced Alloys Corp
- Jindal Stainless
- Kobe Steel, Ltd.
- Outokumpu
- POSCO
- Precision Castparts Corp.
- Rio Tinto
- RTI International Metals
- ThyssenKrupp AG
- Timken
- Voestalpine AG
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