High-performance alloys market rising at 4.2 percent CAGR

Albany, N.Y.-based Transparency Market Research's new market report, “High Performance Alloys Market (Non-ferrous Alloys, Platinum Group Metal Alloys, Refractory Metal Alloys and Superalloys) for Aerospace, Industrial Gas Turbines, Industrial, Automotives, Oil & Gas, Electronic & Electrical and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,” provides a detailed description of the high-performance alloys market in terms of revenue and volume share for the forecast period 2014-2020.

According to the analysis stated in the report, the global high-performance alloys market is expected to increase to $9.09 billion by 2020, from a value of $6.82 billion in 2013. The report analyzes the market with respect to various segments, along with the growth opportunities expected in the next six years. In terms of volume, the market stood at 1,110.7 kilo tons in 2013. Overall, the market is expanding at a steady CAGR of 4.2 percent during the forecast period from 2014 to 2020.

Within the key products of the high-performance alloys market, the study enlists nonferrous alloys, refractory alloys, platinum group metal alloys, and superalloys as the main segments of this market.

In terms of regional demand, North America was dominant in the high-performance alloys market in 2013. However, increasing demand for these alloys from the automotive industry in Europe also is boosting the growth of this market. Asia Pacific and the Middle East are the next fastest-growing regions expected to offer higher opportunities for the global high-performance alloys market in the near future, reports TMR. To browse the report and view the table of contents, visit www.transparencymarketresearch.com/high-performance-alloys-market.html. For a sample report copy of the high-performance alloys market, visit www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2711.