Shape Memory Alloys Market

Shape Memory Alloys Market by Type (Nitinol, Copper-Based, Iron-Manganese Silicon), End-Use Industry (Biomedical, Aerospace & Defense, Automotive, Consumer Electronics & Home Appliances), and Region - Global Forecast to 2022

Report Code: CH 6263 May, 2018, by marketsandmarkets.com

[126 Pages Report] Shape Memory Alloys Market was valued at USD 9.46 Billion in 2016 and is projected to reach USD 18.97 Billion by 2022, at a CAGR of 12.3% between 2017 and 2022. In this report, 2016 has been considered the base year and the forecast period has been considered from 2017 to 2022.

The Objectives of this study are:

  • To define, describe, and analyze the shape memory alloys market on the basis of type, end-use industry, and region
  • To forecast and analyze the size of the shape memory alloys market (in terms of value) in 5 key regions, namely, North America, APAC, Europe, South America, and Middle East & Africa
  • To forecast and analyze the shape memory alloys market at the country level in each region
  • To strategically analyze each submarket with respect to individual growth trends and its contribution to the shape memory alloys market
  • To analyze opportunities in the shape memory alloys market for stakeholders by identifying the high-growth segments of the market
  • To identify the significant market trends and factors driving or inhibiting the growth of the shape memory alloys market and its submarkets
  • To analyze competitive developments, such as expansions, joint ventures, new products launches, and acquisitions in the shape memory alloys market
  • To strategically profile the key players of the shape memory alloys market and comprehensively analyze their growth strategies

This research study involves the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the shape memory alloys market. The primary sources that have been considered mainly include several industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during this research study on the shape memory alloys market:

Shape Memory Alloys Market

To know about the assumptions considered for the study, download the pdf brochure

The shape memory alloys value chain includes raw material suppliers that manufacture metals, such as nickel, copper, titanium, aluminum, and other materials. These metals are used by shape memory alloy manufacturers to develop various types of shape memory alloys that are further used in the biomedical, aerospace & defense, automotive, consumer electronics & home appliances, and other end-use industries.

The Target Audiences for the shape memory alloys market report are as follows:

  • Manufacturers of Shape Memory Alloys
  • Suppliers of Shape Memory Alloys
  • Metal Suppliers
  • Service Providers
  • Biomedical, Aerospace, Automotive, and Electrical & Electronics End-users
  • Government Bodies

Scope of the Report

This report categorizes the shape memory alloys market on the basis of type, end-use industry, and region.

Shape Memory Alloys Market, by Type:

  • Nitinol Alloys
  • Copper-based Alloys
  • Iron-Manganese-Silicon Alloys
  • Others

Shape Memory Alloys Market, by End-use Industry:

  • Biomedical
  • Aerospace & Defense
  • Automotive
  • Consumer Electronics & Home Appliances
  • Others

Shape Memory Alloys Market, by Region:

  • North America
  • APAC
  • Europe
  • South America
  • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region to the country level with additional applications and/or types

Country Information

  • Additional country information (up to 3)

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)

The shape memory alloys market is estimated at USD 10.62 Billion in 2017 and is projected to reach USD 18.97 Billion by 2022, at a CAGR of 12.3% from 2017 to 2022. Shape memory alloys find applications in various end-use industries because of their unique properties, such as pseudo elasticity, kink resistance, biocompatibility, high fatigue strength, and high damping capability.

The shape memory alloys market has been classified on the basis of type into nitinol alloys, copper-based alloys, iron-manganese-silicon alloys, and others. Among types, the market for nitinol alloys is projected to grow at the highest CAGR during the forecast period. Nitinol alloys display immense elasticity, which is greater than 10–30 times that of other metals. A few properties of nitinol alloys are high fatigue strength, moderate impact resistance, biocompatibility, excellent corrosion resistance, and outstanding damping properties. These alloys find extensive applications in aerospace, medical, dentistry, safety devices, spectacle frames, household appliances, mobile telephone antennas, as well as connectors and clamps. Thus, growth in end-use industries, such as biomedical, aerospace & defense, and consumer electronics & home appliances is fueling the demand for nitinol based shape memory alloys globally.

On the basis of end-use industries, the shape memory alloys market has been classified into biomedical, aerospace & defense, automotive, consumer electronics & home appliances, and others. The biomedical industry is projected to lead the shape memory alloys market during the forecast period. Growth of this segment can be attributed to the rapidly increasing use of shape memory alloys in medical implantable devices owing to their characteristics, such as biocompatibility, pseudo elasticity, and damping properties.

Shape Memory Alloys Market

The North American region is expected to be the largest market for shape memory alloys across the globe, and the APAC shape memory alloys market is projected to grow at the highest CAGR between 2017 and 2022. The growth of the market in the region can be attributed to the increasing demand from consumer electronics & home appliances industries from countries in the APAC region, such as China, South Korea, Japan, and India. Moreover, the availability of cheap labor in the APAC region and favorable government policies have attracted several global companies and investors to establish their production facilities in the region, thereby fueling the demand for shape memory alloys from various end-use industries, such as automotive, aerospace & defense, biomedical, and consumer, electronics & home appliances.

The major factors restraining the growth of the shape memory alloys market across the globe are the rising cost of raw materials of these alloys. Raw materials of shape memory alloys include metals, such as nickel, copper, titanium, aluminum, and other materials. The prices of nickel, chromium, molybdenum, cobalt, and other raw materials are on the rise. Moreover, the rising demand for these alloys from emerging economies in the APAC has led to a significant demand and supply imbalance.

Some of the key players operating in the shape memory alloys market are SAES (Italy), Nippon Steel & Sumitomo Metals (Japan), ATI Specialty Alloys & Components (US), Furukawa Electric Company (Japan), Johnson Matthey (UK), Fort Wayne Metals (US), Nippon Seisen (Japan), Saite Metal Materials (China), DYNALLOY, Inc. (US), and Seabird Metal Material (China). Competition among these players is high, and they are investing on strategic developments, such as expansions, agreements, and acquisitions.

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Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Shape Memory Alloys Market
    4.2 Shape Memory Alloys Market, By Type
    4.3 Shape Memory Alloys Market in North America, By End-Use Industry and Country
    4.4 Shape Memory Alloys Market Attractiveness

5 Market Overview (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rapidly Growing Medical Implants Industry
                    5.2.1.2 Growing Demand From the Aerospace & Defense Industry
           5.2.2 Restraints
                    5.2.2.1 Rising Cost of Raw Materials and Availability of Substitutes
           5.2.3 Opportunities
                    5.2.3.1 High Growth of the Consumer Electronics & Home Appliances Industry
           5.2.4 Challenges
                    5.2.4.1 High Cost of Implantable Devices
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Threat of New Entrants
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Introduction

6 Shape Memory Alloys Market, By Type (Page No. - 37)
    6.1 Introduction
    6.2 Nickel-Titanium (Nitinol)
    6.3 Copper-Based Alloys
    6.4 Iron-Manganese-Silicon (Fe-Mn-Si)
    6.5 Others

7 Shape Memory Alloys Market, By End-Use Industry (Page No. - 42)
    7.1 Introduction
    7.2 Biomedical
    7.3 Aerospace & Defense
    7.4 Automotive
    7.5 Consumer Electronics & Home Appliances
    7.6 Others

8 Shape Memory Alloys Market, By Region (Page No. - 48)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
           8.2.3 Mexico
    8.3 APAC
           8.3.1 China
           8.3.2 Japan
           8.3.3 South Korea
           8.3.4 Australia
           8.3.5 India
           8.3.6 Taiwan
           8.3.7 Rest of APAC
    8.4 Europe
           8.4.1 Germany
           8.4.2 France
           8.4.3 UK
           8.4.4 Italy
           8.4.5 Spain
           8.4.6 Rest of Europe
    8.5 South America
           8.5.1 Brazil
           8.5.2 Argentina
           8.5.3 Rest of South America
    8.6 Middle East & Africa
           8.6.1 Israel
           8.6.2 Saudi Arabia
           8.6.3 Rest of Middle East & Africa

9 Competitive Landscape (Page No. - 85)
    9.1 Introduction
    9.2 Competitive Scenario
           9.2.1 Expansions
           9.2.2 Agreements & Partnerships
           9.2.3 Joint Ventures
           9.2.4 Mergers & Acquisitions
           9.2.5 New Product Developments
           9.2.6 Market Ranking

10 Company Profiles (Page No. - 92)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     10.1 ATI Specialty Alloys & Components
     10.2 SAES
     10.3 Johnson Matthey
     10.4 Nippon Steel & Sumitomo Metal
     10.5 Furukawa Electric Co., Ltd
     10.6 Fort Wayne Metals
     10.7 Nippon Seisen Co. Ltd.
     10.8 Xian Saite Metal Materials Development Company Limited
     10.9 Seabird Metal Material Co., Ltd.
     10.10 Dynalloy Inc.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     10.11 Additional Company Profiles
             10.11.1 Metalwerks Pmd
             10.11.2 Ultimate Niti Technologies
             10.11.3 General Research Institute for Nonferrous Metals (GRINM)
             10.11.4 Euroflex GmbH
             10.11.5 Confluent Medical Technologies
             10.11.6 Precision Castparts Corp.
             10.11.7 Nanoshel LLC
             10.11.8 Stanford Advanced Materials
             10.11.9 Sunrise Titanium Technology
             10.11.10 Boston Centerless
             10.11.11 Microgroup Inc.
             10.11.12 SMA Wires India
             10.11.13 ALB Materials Inc.
             10.11.14 M & T (Taiwan) Co., Ltd.
             10.11.15 Hangzhou Ualloy Material Co., Ltd.

11 Appendix (Page No. - 116)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (77 Tables)

Table 1 Trends and Forecast of Per Capita GDP (USD)
Table 2 Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 3 Nitinol Alloys Market Size, By Region, 2015–2022 (USD Million)
Table 4 Copper-Based Alloys Market Size, By Region, 2015–2022 (USD Million)
Table 5 Iron-Manganese-Silicon Alloys Market Size, By Region, 2015–2022 (USD Million)
Table 6 Other Shape Memory Alloys Market Size, By Region, 2015–2022 (USD Million)
Table 7 Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 8 Shape Memory Alloys Market Size in Biomedical Industry, By Region, 2015–2022 (USD Million)
Table 9 Shape Memory Alloys Market Size in Aerospace & Defense Industry, By Region, 2015–2022 (USD Million)
Table 10 Shape Memory Alloys Market Size in Automotive Industry, By Region, 2015–2022 (USD Million)
Table 11 Shape Memory Alloys Market Size in Consumer Electronics & Home Appliances Industry, By Region, 2015–2022 (USD Million)
Table 12 Shape Memory Alloys Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Million)
Table 13 Shape Memory Alloys Market Size, By Region, 2015–2022 (USD Million)
Table 14 North America: Shape Memory Alloys Market Size, By Country, 2015–2022 (USD Million)
Table 15 North America: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 16 North America: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 17 US: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 18 US: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 19 Canada: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 20 Canada: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 21 Mexico: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 22 Mexico: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 23 APAC: Shape Memory Alloys Market Size, By Country, 2015–2022 (USD Million)
Table 24 APAC: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 25 APAC: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 26 China: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 27 China: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 28 Japan: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 29 Japan: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 30 South Korea: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 31 South Korea: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 32 Australia: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 33 Australia: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 34 India: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 35 India: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 36 Taiwan: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 37 Taiwan: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 38 Rest of APAC: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 39 Rest of APAC: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 40 Europe: Shape Memory Alloys Market Size, By Country, 2015–2022 (USD Million)
Table 41 Europe: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 42 Europe: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 43 Germany: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 44 Germany: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 45 France: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 46 France: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 47 UK: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 48 UK: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 49 Italy: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 50 Italy: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 51 Spain: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 52 Spain: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 53 Rest of Europe: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 54 Rest of Europe: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 55 South America: Shape Memory Alloys Market Size, By Country, 2015–2022 (USD Million)
Table 56 South America: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 57 South America: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 58 Brazil: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 59 Brazil: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 60 Argentina: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 61 Argentina: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 62 Rest of South America: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 63 Rest of South America: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 64 Middle East & Africa: Shape Memory Alloys Market Size, By Country, 2015–2022 (USD Million)
Table 65 Middle East & Africa: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 66 Middle East & Africa: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 67 Israel: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 68 Israel: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 69 Saudi Arabia: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 70 Saudi Arabia: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 71 Rest of Middle East & Africa: Shape Memory Alloys Market Size, By Type, 2015–2022 (USD Million)
Table 72 Rest of Middle East & Africa: Shape Memory Alloys Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 73 Expansions (2012–2018)
Table 74 Agreements & Partnerships, 2012–2018
Table 75 Joint Ventures, 2012–2018
Table 76 Mergers & Acquisitions, 2012–2018
Table 77 New Product Developments, 2012–2018


List of Figures (39 Figures)

Figure 1 Shape Memory Alloys Market Segmentation
Figure 2 Shape Memory Alloys Market: Research Design
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Shape Memory Alloys Market: Data Triangulation
Figure 6 Nitinol Alloys to Be the Largest Type of the Shape Memory Alloys Market
Figure 7 Biomedical to Be the Largest End-Use Industry of the Shape Memory Alloys Market
Figure 8 North America Was the Largest Shape Memory Alloys Market in 2016
Figure 9 Growing Biomedical Industry to Drive the Demand for Shape Memory Alloys
Figure 10 Nitinol Alloys to Be the Largest Segment Between 2017 and 2022
Figure 11 Biomedical Was the Largest End-Use Industry in North America
Figure 12 Shape Memory Alloys Market to Register High Growth in APAC
Figure 13 Overview of the Factors Governing the Market
Figure 14 Shape Memory Alloys Market: Porter’s Five Forces Analysis
Figure 15 World Healthcare Spending By Major Countries in 2016, USD Billion
Figure 16 Nitinol Alloys to Be the Largest Type of Shape Memory Alloys
Figure 17 North America to Be the Largest Market for Nitinol Alloys
Figure 18 Biomedical to Be the Largest End-Use Industry
Figure 19 North America to Be the Largest Shape Memory Alloys Market in the Biomedical Industry
Figure 20 APAC to Be the Fastest-Growing Market of Shape Memory Alloys, During 2017–2022
Figure 21 North American Shape Memory Alloys Market Snapshot
Figure 22 APAC Shape Memory Alloys Market Snapshot
Figure 23 European Shape Memory Alloys Market Snapshot
Figure 24 South American Shape Memory Alloys Market Snapshot
Figure 25 Middle East & African Shape Memory Alloys Market Snapshot
Figure 26 Companies Adopted New Product Launches and Mergers & Acquisitions as the Major Growth Strategies (2012–2018)
Figure 27 Ranking of Top Players in the Shape Memory Alloys Market, 2016
Figure 28 ATI Specialty Alloys & Components: Company Snapshot
Figure 29 ATI Specialty Alloys & Components: SWOT Analysis
Figure 30 SAES: Company Snapshot
Figure 31 SAES: SWOT Analysis
Figure 32 Johnson Matthey: Company Snapshot
Figure 33 Johnson Matthey: SWOT Analysis
Figure 34 Nippon Steel & Sumitomo Metal: Company Snapshot
Figure 35 Nippon Steel & Sumitomo Metal: SWOT Analysis
Figure 36 Furukawa Electric Co., Ltd: Company Snapshot
Figure 37 Furukawa Electric Co., Ltd: SWOT Analysis
Figure 38 Nippon Seisen Co. Ltd.: Company Snapshot
Figure 39 Nippon Seisen Co. Ltd.: SWOT Analysis


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