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, and Home appliances) and Region - Global Forecast to 2026

Report Code: CH 6263 Jul, 2021, by marketsandmarkets.com

[230 Pages Report] The global shape memory alloys market size is projected to grow from USD 11.0 billion in 2021 to USD 18.8 billion by 2026, at a CAGR of 11.2% from 2021 and 2026. The growth in the market is highly attributed to the increasing demand for SMAs in the manufacturing of biomedical devices & surgical instruments, aircraft components and automotive actuators, and consumer electronics. North America is the largest market for SMAs, owing to huge demand from biomedical device manufacturing. The growth in the market is also attributed to the increasing demand for high-quality life-saving medical devices and better automotive & aircraft components. The physical properties of SMAs are encouraging their use in various end-use industries. However, the high cost of implantable devices, which is the largest application of SMAs in the biomedical industry, is the major challenge for the growth of the SMAs market.

Shape Memory Alloys Market

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The outbreak of the novel coronavirus or COVID-19 wreaked havoc on the global economy. The global economy entered recession due to the pandemic, with the lockdown of international borders and the shutdown of economic activities across countries to prevent the spread of COVID-19. According to the IMF, a recession as bad as the global economic crisis of 2008 or worse hit the global economy in 2020. The IMF warned of a total output loss of USD 9 trillion in the world economy between 2020 and 2021. The extent of the economic damage still depends on how the virus spreads throughout Europe, the US, and other major economies.

Shape Memory Alloys Market Dynamics

Driver: Aging population and growing adoption of biomedical implants across the globe to boost the demand

SMAs are widely used in biomedical applications, particularly in medical implants, owing to their biocompatibility. The healing process after an implant surgery depends mainly on the mechanical properties of the implant materials. Nitinol SMAs are widely used for medical implants owing to their characteristics such as kink resistance, constancy of stress, high elasticity, and corrosion resistance. These alloys are also used for orthopedic implants such as orthopedic screws and plates, medical staples, hip prostheses, anterior cruciate ligament, dental applications, cardiovascular stents, intracranial staples, and surgical instruments.

Orthodontic products are used to straighten and align teeth, correct abnormal bite patterns, and close unsightly gaps. Orthodontic devices such as fixed and removable braces are widely adopted by people with malocclusions and jaw diseases. With the rapid growth in the number of people suffering from these conditions, the demand for orthodontic braces is expected to increase in the coming years. According to the European Journal of Pediatric Dentistry, 2020, malocclusion is a highly prevalent condition in children and adolescents worldwide. Due to its earlier onset during childhood, an effective orthodontic treatment should be adopted by clinicians to manage and prevent this condition.

According to the article published by the Journal of Family Medicine and Primary Care in 2019, the prevalence of malocclusion among school-going children was reported in the range of 12.5% to 33.3%. Nitinol-based SMAs are utilized in the production of orthodontic archwires and other products.

The increase in the aging population and the prevalence of chronic diseases have propelled the demand for life-saving medical implants. Decrease in fertility rate and an increase in life expectancy rate increases the aging population. According to the United Nations, by 2050, 1 in 6 people in the world will be over 65 years of age compared to 1 in 11 in 2019. Elderly individuals are more prone to orthopedic, cardiovascular, and ophthalmic conditions due to age-related physiological changes. Since surgical interventions are considered an effective treatment option for the majority of these conditions, the growth in the elderly population is resulting in a higher demand for surgical procedures. SMAs are increasingly used in biomedical applications owing to improvement in surgical outcomes, high per capita income, and increased R&D activities for developing new and advanced medical implants.

Restrain: Rising cost of raw materials and availability of substitutes

Raw materials of SMAs include metals such as nickel, copper, titanium, and aluminum. The prices of these metals are constantly increasing. These alloys are extensively used in the medical industry for biomedical implants and surgical instruments. However, for many for applications in the biomedical, automotive, and consumer electronics industries, stainless steel is being preferred to SMAs owing to the high prices of the latter and the presence of similar properties. Hence, the rising cost of raw materials and the availability of substitutes are restraining the growth of the SMAs market.

Challenges: Pandemic and its effect on the actuator market

The COVID-19 outbreak has triggered disruptions in global supply chains and business processes. Most industries utilizing SMAs, such as automotive, aerospace & defense, and consumer electronics & home appliances, were crushed negatively by the COVID-19 pandemic outbreak. Apart from the biomedical sector, almost all industrial sectors witnessed a downfall. Also, the imposition of lockdowns and quarantine regulations in India, Canada, and European countries have disturbed the normal flow of business, sales, demand for new projects, and revenue in major industries, including aviation, automotive, and oil & gas. These industries are the prime business prospects for the SMAs market.
Opportunities: Growth of the consumer electronics industry

Consumer electronics & home appliances is one of the fastest-growing end-use industries of SMAs. SMAs are extensively used in manufacturing rice cookers, coffee makers, air conditioners, cameras, minidisc recorders, personal accessories, and cellular phones. These alloys are preferred owing to their high elasticity, long fatigue life, and corrosion resistance. They are mainly utilized as sensors and actuators in various applications in household appliances and electrical equipment.

  • They are utilized as fasteners for high-density circuit board connections
  • In cameras, they are  used as lock switch actuators
  • In cellular phones, they are utilized in the production of cellular phone antennas
  • They are used in personal accessories such as Brassiere underwires, eyeglass frames, shoulder pad wires,

APAC is projected to witness high growth in the consumer electronics & home appliances industry owing to the improving standards of living and income levels in the developing countries. The growing customer base and increased penetration of consumer durables in the region have provided growth opportunities to the electronics sector, which, in turn, is expected to drive the SMAs market in the future.

Ecosystem Diagram

Shape Memory Alloys Market by Ecosystem Diagram

Nitinol type segment estimated to lead the shape memory alloys market in 2020

By type, the Nitinol segment accounted for the largest share in the overall shape memory alloys market. Nitinol alloys are the largest type of SMAs, accounting for a major share of the market. The significantly growing biomedical end-use industry, especially for medical implants, is driving the demand for nitinol SMAs. These alloys are used in the form of wires, sheets, ribbons, and rods. Other types of SMAs include gold, cadmium, iron, zinc, and platinum-based alloys.

Biomedical end-use segment is estimated to be the largest segment of shape memory alloys

Biomedical is the largest end-use industry of SMAs, followed by aerospace & defense. The applications of SMAs in the automotive industry will increase as the EV market is gaining traction. SMAS are widely used in dentistry applications for the manufacturing of orthodontic wires due to their shape memory properties, super-elasticity, high ductility, and resistance to corrosion. However, due to the COVID-19 pandemic in 2020, and because of social distancing, only essential services were left open. Oral dental professionals were significantly affected due to the mass closure of dental offices. The pandemic has had a continuing effect on orthodontic treatment, which is a long process that requires regular visits. Thus, the demand for SMAs in dentistry applications declined in 2020.

Shape Memory Alloys Market by Region

North America is projected to account for the largest share of the shape memory alloys market during the forecast period

North America is projected to have the largest share in the global shape memory alloys market, in terms of both value, from 2021 to 2026. The growth of the North American SMAs market is mainly driven by new product development and capacity expansion strategies adopted by the leading players in this region. In addition, the region is the leading market for SMAs in the biomedical industry owing to the increased demand for medical implants. The US is projected to continue dominating the market, followed by Canada, in North America. It is a developed market for SMAs, with major global market players headquartered in the country.

Key Market Players

The global shape memory alloys market comprises major manufacturers such as SAES Getters (Italy), ATI Specialty Alloys & Components (US), Furukawa Electric Co., Ltd (Japan), Nippon Steel & Sumitomo Metal (Japan), and Johnson Matthey (UK). Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the shape memory alloys market.

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Scope of the Report

Report Metric

Details

Market size available for years

2019–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD Million)

Segments covered

Type, End-Use Industry, and Region

Geographies covered

North America, Asia Pacific, Europe, South America, and Middle East & Africa

Companies covered

SAES Getters (Italy), ATI Specialty Alloys & Components (US), Furukawa Electric Co., Ltd (Japan), Nippon Steel & Sumitomo Metal (Japan), Johnson Matthey (UK), Fort Wayne Metals (US), Nippon Seisen co. ltd. (Japan), Xian Saite Metal Materials Development Company Limited (China) are the top 8 manufacturers are covered in the shape memory alloys market.

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

Shape memory alloys market, By Type

  • Nickel-Titanium (Nitinol)
  • Copper-based
  • Fe-Mn-Si
  • Others

Shape memory alloys market, By End Use Industry

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

Shape memory alloys market, By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Recent Developments

  • In July 2018, ATI acquired the assets of Addaero Manufacturing (headquartered in Connecticut, US) for USD 10.0 million. Addaero Manufacturing is a metal alloy-based additive manufacturer for the aerospace & defense industry.
  • In January 2018, ATI announced a 50–50 joint venture with a subsidiary Tsingshan Group (US) to produce 60-inch wide stainless sheet products for sale in North America. This joint venture will increase ATI’s sustainability in the North American market.
  • In January 2018, ATI has signed two long-term agreements with General Dynamics Land Systems Inc. (US) to be a leading supplier of titanium plate for use in next-generation military vehicles.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           TABLE 1 INCLUSIONS AND EXCLUSIONS
           FIGURE 1 SHAPE MEMORY ALLOYS MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
           FIGURE 2 SHAPE MEMORY ALLOYS MARKET: RESEARCH DESIGN
           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
           2.2.1 SUPPLY-SIDE APPROACH: ASCERTAINING THE SHARE OF TOP PLAYERS IN THE GLOBAL MARKET,
                    FIGURE 3 APPROACH 1: SUPPLY SIDE, 2019
           2.2.2 DEMAND-SIDE APPROACH: BASED ON ASSESSMENT BY TYPE AND ITS SHARE IN THE GLOBAL MARKET
                    FIGURE 4 APPROACH 2: BASED ON TYPE DEMAND ESTIMATE, 2019
           2.2.3 RELATED MARKET APPROACH: BASED ON ASSESSMENT BY SHARE OF SHAPE MEMORY ALLOYS IN SMART MATERIAL MARKET
                    FIGURE 5 APPROACH 3: BASED ON THE SHARE FROM THE PARENT MARKET
    2.3 DATA TRIANGULATION
           FIGURE 6 SHAPE MEMORY ALLOYS MARKET: DATA TRIANGULATION
           2.3.1 ASSUMPTIONS
           2.3.2 LIMITATIONS
           2.3.3 GROWTH RATE ASSUMPTIONS
    2.4 FORECAST FACTOR IMPACTING GROWTH
           FIGURE 7 FORECAST FACTOR IMPACTING GROWTH

3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 8 NITINOL SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE MARKET IN 2020
    FIGURE 9 PREFERENCE OF SHAPE MEMORY ALLOYS, TYPE VS. END-USE INDUSTRY
    FIGURE 10 BIOMEDICAL END-USE INDUSTRY ACCOUNTED FOR THE LARGEST SHARE OF THE MARKET IN 2020
    FIGURE 11 NORTH AMERICA WAS THE LARGEST SHAPE MEMORY ALLOY MARKET IN 2020
    TABLE 2 MAJOR PLAYERS PROFILED IN THIS REPORT

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 SIGNIFICANT OPPORTUNITIES IN SHAPE MEMORY ALLOYS MARKET
           FIGURE 12 BIOMEDICAL AND AEROSPACE & DEFENSE INDUSTRIES TO OFFER MARKET GROWTH OPPORTUNITIES
    4.2 NORTH AMERICA: SHAPE MEMORY ALLOYS MARKET,  BY END-USE INDUSTRY AND COUNTRY, 2020
           FIGURE 13 US AND BIOMEDICAL SEGMENT ACCOUNTED FOR THE LARGEST SHARES
    4.3 SHAPE MEMORY ALLOYS MARKET, BY TYPE
           FIGURE 14 NITINOL (NITI) TO DOMINATE THE OVERALL SHAPE MEMORY ALLOYS MARKET, 2021–2026
    4.4 SHAPE MEMORY ALLOYS MARKET, BY END-USE INDUSTRY
           FIGURE 15 BIOMEDICAL TO DOMINATE THE OVERALL SHAPE MEMORY ALLOYS MARKET, 2021–2026
    4.5 SHAPE MEMORY ALLOYS MARKET, BY COUNTRY
           FIGURE 16 CHINA TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
           FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SHAPE MEMORY ALLOYS MARKET
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Aging population and growing adoption of biomedical implants across the globe
                               TABLE 3 WORLD POPULATION AGING, 2019
                    5.2.1.2 Increasing investment in the aerospace & defense industry
                               TABLE 4 MILITARY EXPENDITURE, BY REGION, USD BILLION, 2018-2020
                    5.2.1.3 Increased utilization of nitinol-based SMAs in various end-use industries
                    5.2.1.4 Increasing penetration of SMAs in the automotive industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Rising cost of raw materials and availability of substitutes
                               FIGURE 18 LME NICKEL HISTORICAL PRICE (USD PER TONNE)
                    5.2.2.2 High cost of metal implants
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growth of the consumer electronics industry
                    5.2.3.2 Rapid industrialization and growing adoption of industrial and service robots
           5.2.4 CHALLENGES
                    5.2.4.1 Pandemic and its effect on the actuator market
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 19 SHAPE MEMORY ALLOYS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 INTENSITY OF COMPETITIVE RIVALRY
           5.3.4 THREAT OF NEW ENTRANTS
           5.3.5 THREAT OF SUBSTITUTES
                    TABLE 5 SHAPE MEMORY ALLOYS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 MACROECONOMIC INDICATORS
           TABLE 6 GDP GROWTH PROJECTION WORLDWIDE
           TABLE 7 GLOBAL AUTOMOBILE PRODUCTION (UNITS), BY COUNTRY
           TABLE 8 GLOBAL HEALTH SPENDING (USD PER CAPITA), BY COUNTRY, 2018-2020
           FIGURE 20 SHARE OF GLOBAL MILITARY EXPENDITURE OF 15 COUNTRIES WITH THE HIGHEST SPENDING IN 2020
    5.5 VALUE CHAIN ANALYSIS
           FIGURE 21 VALUE CHAIN ANALYSIS OF SHAPE MEMORY ALLOYS MARKET
           5.5.1 DISRUPTION DUE TO COVID-19
    5.6 REGULATORY LANDSCAPE
    5.7 ECOSYSTEM MARKET MAP
    5.8 YC, YCC SHIFT
           FIGURE 22 YCC SHIFT: YOUR CLIENTS’ CLIENTS’ SHIFT IN IMPERATIVES & OUTCOMES  IN BIOMEDICAL AND AEROSPACE INDUSTRY TRENDS WILL BRING IN CHANGE IN FUTURE REVENUE MIX!!
           5.8.1 YC SHIFT
           5.8.2 YCC SHIFT
    5.9 AVERAGE PRICE ANALYSIS
           FIGURE 23 WEIGHTED AVERAGE PRICING ANALYSIS (USD/KG) OF SHAPE MEMORY ALLOYS,  BY REGION, 2020
    5.10 SCENARIO ANALYSIS OF SHAPE MEMORY ALLOYS MARKET
           FIGURE 24 SHAPE MEMORY ALLOYS MARKET, IN TERMS OF VALUE, BY SCENARIO ANALYSIS, 2019–2026 (USD MILLION)
    5.11 TECHNOLOGY ANALYSIS
           5.11.1 SHAPE MEMORY ALLOY PRODUCTION PROCESS
                    5.11.1.1 Vacuum arc melting
                    5.11.1.2 Vacuum Induction Melting (VIM)
           5.11.2 TYPE OF SHAPE MEMORY EFFECT
                    5.11.2.1 One-way memory effect
                    5.11.2.2 Two-way memory effect
    5.12 COVID-19 IMPACT
           5.12.1 COVID-19 ECONOMIC ASSESSMENT
           5.12.2 MAJOR ECONOMIC EFFECT OF COVID-19
           5.12.3 EFFECTS ON GDP OF COUNTRIES
                     FIGURE 25 PRE & POST-COVID ANALYSIS OF SHAPE MEMORY ALLOY DEMAND
    5.13 CASE STUDY
           5.13.1 SHAPE MEMORY ALLOYS IN SPACE APPLICATIONS
           5.13.2 SHAPE MEMORY ALLOYS IN MEDICAL DEVICE APPLICATIONS
    5.14 PATENT ANALYSIS
           5.14.1 INTRODUCTION
           5.14.2 METHODOLOGY
           5.14.3 DOCUMENT TYPE
                     FIGURE 26 NUMBER OF PATENTS IN THE LAST 10 YEARS
           5.14.4 PUBLICATION TRENDS - LAST 10 YEARS
                     FIGURE 27 NUMBER OF PATENTS PUBLISHED YEAR-WISE
           5.14.5 INSIGHTS
           5.14.6 JURISDICTION ANALYSIS
                     FIGURE 28 PATENT ANALYSIS, BY TOP JURISDICTIONS
           5.14.7 TOP COMPANIES/APPLICANTS
                     FIGURE 29 TOP 10 COMPANIES/APPLICANTS WITH THE HIGHEST NUMBER OF PATENTS
                     TABLE 9 LIST OF PATENTS BY THE BOEING COMPANY
                     TABLE 10 LIST OF PATENTS BY CAMBRIDGE MECHATRONICS LTD
                     TABLE 11 LIST OF PATENTS BY GM GLOBAL TECH OPERATIONS INC.
                     TABLE 12 LIST OF PATENTS BY GENERAL ELECTRIC COMPANY
                     TABLE 13 TOP 10 PATENT OWNERS (US) IN LAST 10 Y EARS

6 SHAPE MEMORY ALLOYS MARKET, BY TYPE (Page No. - 84)
    6.1 INTRODUCTION
           FIGURE 30 NITINOL TO BE THE LARGEST TYPE OF SHAPE MEMORY ALLOYS
           TABLE 14 SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
           TABLE 15 MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
    6.2 NITINOL(NITI)
           6.2.1 DEMAND IS HIGH DUE TO ITS SUPER ELASTIC PROPERTY
                    TABLE 16 NITINOL (NITI) SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 17 NITINOL (NITI) MARKET SIZE, BY REGION,  2021–2026 (USD MILLION)
    6.3 COPPER BASED
           6.3.1 BEING A COST-EFFECTIVE ALTERNATIVE TO NITINOL SMAS, COPPER-BASED SMAS ARE GAINING TRACTION ACROSS SEVERAL INDUSTRIES
                    TABLE 18 COPPER-BASED SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 19 COPPER-BASED MARKET SIZE, BY REGION,  2021–2026 (USD MILLION)
    6.4 IRON-MANGANESE-SILICON (FE-MN-SI)
           6.4.1 FE-MN-SI ALLOYS ARE EXPECTED TO REGISTER STEADY GROWTH THROUGHOUT THE FORECAST PERIOD
                    TABLE 20 IRON-MANGANESE-SILICON SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 21 IRON-MANGANESE-SILICON MARKET SIZE, BY REGION,  2021–2026 (USD MILLION)
    6.5 OTHERS
           TABLE 22 OTHER SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
           TABLE 23 OTHER MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

7 SHAPE MEMORY ALLOYS MARKET, BY END-USE INDUSTRY (Page No. - 90)
    7.1 INTRODUCTION
           TABLE 24 APPLICATIONS OF SHAPE MEMORY ALLOYS IN END-USE INDUSTRIES
           FIGURE 31 BIOMEDICAL TO BE THE LARGEST END-USE INDUSTRY SEGMENT OF THE MARKET
           TABLE 25 SHAPE MEMORY ALLOYS MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
           TABLE 26 MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
    7.2 BIOMEDICAL
           7.2.1 GROWING ADOPTION OF SMA-BASED SURGICAL IMPLANTS ACROSS THE GLOBE TO SUPPORT MARKET GROWTH
                    TABLE 27 BIOMEDICAL: SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 28 BIOMEDICAL: MARKET SIZE, BY REGION,  2021–2026 (USD MILLION)
    7.3 AEROSPACE & DEFENSE
           7.3.1 RECOVERY OF AEROSPACE INDUSTRY FROM THE REPERCUSSIONS OF COVID-19 TO BOOST THE MARKET
                    TABLE 29 COVID-19 IMPACT ON PASSENGER NUMBER AND PASSENGER REVENUE
                    7.3.1.1 Reduced global demand for Maintenance, Repair, and Overhaul (MRO) due to COVID-19
                               TABLE 30 AEROSPACE & DEFENSE: SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION,  2016–2020 (USD MILLION)
                               TABLE 31 AEROSPACE & DEFENSE: MARKET SIZE, BY REGION,  2021–2026 (USD MILLION)
    7.4 AUTOMOTIVE
           7.4.1 INCREASING AUTOMOBILE PRODUCTION AND USAGE OF SMAS IN PARTS/COMPONENT MANUFACTURING TO LEAD TO MARKET GROWTH
                    FIGURE 32 PASSENGER CAR MARKET TREND INDEX (2019=100)
                    TABLE 32 VEHICLE PRODUCTION DATA, BY COUNTRY, 2019–2020
                    TABLE 33 AUTOMOTIVE: SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION,  2016–2020 (USD MILLION)
                    TABLE 34 AUTOMOTIVE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.5 CONSUMER ELECTRONICS & HOME APPLIANCES
           7.5.1 HEALTHY GROWTH OF CONSUMER ELECTRONICS AND INCREASING PER-CAPITA SPENDING ACROSS THE GLOBE TO SUPPORT MARKET GROWTH
                    TABLE 35 CONSUMER ELECTRONICS & HOME APPLIANCES: SHAPE MEMORY ALLOYS MARKET SIZE,  BY REGION, 2016–2020 (USD MILLION)
                    TABLE 36 CONSUMER ELECTRONICS & HOME APPLIANCES: MARKET SIZE,  BY REGION, 2021–2026 (USD MILLION)
    7.6 OTHERS
           TABLE 37 OTHERS: SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
           TABLE 38 OTHERS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

8 GLOBAL SHAPE MEMORY ALLOYS MARKET, BY REGION (Page No. - 101)
    8.1 INTRODUCTION
           FIGURE 33 REGIONAL SNAPSHOT: RAPIDLY GROWING MARKETS ARE EMERGING  AS NEW HOTSPOTS
           TABLE 39 SHAPE MEMORY ALLOYS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
           TABLE 40 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.2 NORTH AMERICA
           FIGURE 34 NORTH AMERICA: SHAPE MEMORY ALLOYS MARKET SNAPSHOT
           TABLE 41 NORTH AMERICA: MARKET SIZE, BY COUNTRY,  2016–2020 (USD MILLION)
           TABLE 42 NORTH AMERICA: MARKET SIZE, BY COUNTRY,  2021–2026 (USD MILLION)
           TABLE 43 NORTH AMERICA: MARKET SIZE, BY TYPE,  2016–2020 (USD MILLION)
           TABLE 44 NORTH AMERICA: MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
           TABLE 45 NORTH AMERICA: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
           TABLE 46 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.2.1 US
                    8.2.1.1 Growing investment in biomedical and aerospace & defense industries to support market growth
                               FIGURE 35 TOP A&D PRODUCT EXPORT DESTINATION, 2019
                               FIGURE 36 US: PASSENGER CAR PRODUCTION, 2015-2020
                               TABLE 47 US: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 48 US: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 49 US: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 50 US: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.2.2 CANADA
                    8.2.2.1 Increasing healthcare expenditure and count of implant surgeries to drive the market
                               TABLE 51 CANADA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 52 CANADA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 53 CANADA: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 54 CANADA: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.2.3 MEXICO
                    8.2.3.1 Increasing investment in the automotive industry to drive the market
                               FIGURE 37 MEXICO: PASSENGER CAR PRODUCTION, 2017-2020
                               TABLE 55 MEXICO: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 56 MEXICO: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 57 MEXICO: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 58 MEXICO: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
    8.3 EUROPE
           TABLE 59 EUROPE: SHAPE MEMORY ALLOYS MARKET SIZE, BY COUNTRY,  2016–2020 (USD MILLION)
           TABLE 60 EUROPE: MARKET SIZE, BY COUNTRY,  2021–2026 (USD MILLION)
           TABLE 61 EUROPE: MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
           TABLE 62 EUROPE: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 63 EUROPE: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
           TABLE 64 EUROPE: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.3.1 GERMANY
                    8.3.1.1 Increasing healthcare spending and R&D research in the country to propel the market
                               FIGURE 38 GERMANY: AUTOMOBILE PRODUCTION AND EXPORT, 2018-2021
                               TABLE 65 GERMANY: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 66 GERMANY: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 67 GERMANY: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 68 GERMANY: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.3.2 FRANCE
                    8.3.2.1 The government initiatives to promote the automotive industry to drive the market
                               FIGURE 39 FRANCE: AUTOMOBILE PRODUCTION, 2017-2020
                               TABLE 69 FRANCE: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 70 FRANCE: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 71 FRANCE: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 72 FRANCE: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.3.3 UK
                    8.3.3.1 Expected recovery of the manufacturing sector from the repercussion of COVID-19 to drive the market
                               FIGURE 40 UK: TOTAL AUTOMOBILE PRODUCTION, 2017-2020
                               TABLE 73 UK: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 74 UK: MARKET SIZE, BY TYPE,2021–2026 (USD MILLION)
                               TABLE 75 UK: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 76 UK: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.3.4 ITALY
                    8.3.4.1 Government initiative to promote automotive and aerospace industries in the country to boost the demand
                               FIGURE 41 ITALY: AUTOMOBILE PRODUCTION, 2017-2020
                               TABLE 77 ITALY: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 78 ITALY: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 79 ITALY: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 80 ITALY: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.3.5 SPAIN
                    8.3.5.1 Significant recovery of the economy and the automotive industry to drive the market
                               FIGURE 42 SPAIN: TOTAL AUTOMOBILE PRODUCTION, 2017-2020
                               TABLE 81 SPAIN: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 82 SPAIN: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 83 SPAIN: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 84 SPAIN: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.3.6 REST OF EUROPE
                    TABLE 85 REST OF EUROPE: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE,  2016–2020 (USD MILLION)
                    TABLE 86 REST OF EUROPE: MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
                    TABLE 87 REST OF EUROPE: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                    TABLE 88 REST OF EUROPE: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
    8.4 APAC
           FIGURE 43 APAC: SHAPE MEMORY ALLOYS MARKET SNAPSHOT
           TABLE 89 APAC: MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
           TABLE 90 APAC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 91 APAC: MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
           TABLE 92 APAC: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 93 APAC: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
           TABLE 94 APAC: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.4.1 CHINA
                    8.4.1.1 Double-digit growth of medical & healthcare industry in the country to provide an impetus for market growth
                               FIGURE 44 CHINA: PASSENGER CAR PRODUCTION, 2017-2020
                               TABLE 95 CHINA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 96 CHINA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 97 CHINA: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 98 CHINA: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.4.2 INDIA
                    8.4.2.1 Healthy growth of medical & healthcare industry and increasing FDI investment in the country will boost the market in the upcoming years
                               FIGURE 45 INDIA: PASSENGER CAR PRODUCTION, 2017-2020
                               FIGURE 46 CURRENT HEALTH EXPENDITURE PER CAPITA (CURRENT USD), 2016 - 2019
                               TABLE 99 INDIA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 100 INDIA: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 101 INDIA: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 102 INDIA: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.4.3 JAPAN
                    8.4.3.1 Aging population, coupled with a significant production capacity of biomedical implants, to drive the market
                               FIGURE 47 JAPAN: AUTOMOBILE PRODUCTION, 2017-2020
                               TABLE 103 JAPAN: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 104 JAPAN: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 105 JAPAN: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 106 JAPAN: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.4.4 SOUTH KOREA
                    8.4.4.1 Increasing automobile manufacturing to push demand for SMAs during the forecast period
                               TABLE 107 SOUTH KOREA: STATUS OF COMPANIES IN THE AVIATION INDUSTRY, BY AREA
                               TABLE 108 SOUTH KOREA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 109 SOUTH KOREA: MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
                               TABLE 110 SOUTH KOREA: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 111 SOUTH KOREA: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.4.5 TAIWAN
                    8.4.5.1 Development in consumer electronics and home appliances to drive the market
                               TABLE 112 TAIWAN: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 113 TAIWAN: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 114 TAIWAN: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 115 TAIWAN: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.4.6 REST OF APAC
                    TABLE 116 REST OF APAC: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                    TABLE 117 REST OF APAC: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 118 REST OF APAC: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                    TABLE 119 REST OF APAC: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
    8.5 SOUTH AMERICA
           TABLE 120 SOUTH AMERICA: SHAPE MEMORY ALLOYS MARKET SIZE, BY COUNTRY,  2016–2020 (USD MILLION)
           TABLE 121 SOUTH AMERICA: MARKET SIZE, BY COUNTRY,  2021–2026 (USD MILLION)
           TABLE 122 SOUTH AMERICA: MARKET SIZE, BY TYPE,  2016–2020 (USD MILLION)
           TABLE 123 SOUTH AMERICA: MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
           TABLE 124 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
           TABLE 125 SOUTH AMERICA: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.5.1 BRAZIL
                    8.5.1.1 The government’s initiative to support the automotive industry will drive the SMAs demand
                               FIGURE 48 BRAZIL: TOTAL VEHICLE PRODUCTION, 2017-2020
                               TABLE 126 BRAZIL: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 127 BRAZIL: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 128 BRAZIL: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 129 BRAZIL: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.5.2 ARGENTINA
                    8.5.2.1 Increasing passenger car sales to boost the market
                               TABLE 130 ARGENTINA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE,  2016–2020 (USD MILLION)
                               TABLE 131 ARGENTINA: MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
                               TABLE 132 ARGENTINA: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 133 ARGENTINA: SHAPE MEMORY ALLOY MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.5.3 REST OF SOUTH AMERICA
                    TABLE 134 REST OF SOUTH AMERICA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE,  2016–2020 (USD MILLION)
                    TABLE 135 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
                    TABLE 136 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
                    TABLE 137 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    8.6 MIDDLE EAST & AFRICA
           TABLE 138 MIDDLE EAST & AFRICA: SHAPE MEMORY ALLOYS MARKET SIZE, BY COUNTRY,  2016–2020 (USD MILLION)
           TABLE 139 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY,  2021–2026 (USD MILLION)
           TABLE 140 MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE,  2016–2020 (USD MILLION)
           TABLE 141 MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
           TABLE 142 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
           TABLE 143 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.6.1 SAUDI ARABIA
                    8.6.1.1 Vision 2030 and other government plans to boost the automotive industry
                               FIGURE 49 SAUDI ARABIA: BUDGET EXPENDITURE, BY SECTOR, 2020
                               TABLE 144 SAUDI ARABIA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE,  2016–2020 (USD MILLION)
                               TABLE 145 SAUDI ARABIA: MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
                               TABLE 146 SAUDI ARABIA: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 147 SAUDI ARABIA: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.6.2 ISRAEL
                    8.6.2.1 Increasing healthcare spending to drive the shape memory alloys market
                               TABLE 148 ISRAEL: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
                               TABLE 149 ISRAEL: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                               TABLE 150 ISRAEL: MARKET SIZE, BY END-USE INDUSTRY,  2016–2020 (USD MILLION)
                               TABLE 151 ISRAEL: MARKET SIZE, BY END-USE INDUSTRY,  2021–2026 (USD MILLION)
           8.6.3 REST OF MIDDLE EAST & AFRICA
                    TABLE 152 REST OF MIDDLE EAST & AFRICA: SHAPE MEMORY ALLOYS MARKET SIZE, BY TYPE,  2016–2020 (USD MILLION)
                    TABLE 153 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE,  2021–2026 (USD MILLION)
                    TABLE 154 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2020 (USD MILLION)
                    TABLE 155 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 161)
    9.1 KEY PLAYER STRATEGIES/ RIGHT TO WIN
           FIGURE 50 ACQUISITION IS THE KEY STRATEGY ADOPTED BY PLAYERS BETWEEN 2018 AND 2021
    9.2 MARKET SHARE ANALYSIS
           FIGURE 51 MARKET SHARE OF KEY PLAYERS, 2020
    9.3 COMPANY EVALUATION QUADRANT
           9.3.1 STAR
           9.3.2 PERVASIVE
           9.3.3 EMERGING LEADER
           9.3.4 PARTICIPANT
                    FIGURE 52 SHAPE MEMORY ALLOYS MARKET: COMPANY EVALUATION MATRIX, 2020
                    9.3.4.1 Company Product Footprint
                               FIGURE 53 COMPANY FOOTPRINT BY END-USE INDUSTRY
    9.4 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
           9.4.1 DYNAMIC COMPANIES
           9.4.2 STARTING BLOCKS
                    FIGURE 54 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2020
    9.5 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020
           FIGURE 55 RANKING ANALYSIS OF TOP FIVE PLAYERS IN SHAPE MEMORY ALLOYS MARKET, 2020
    9.6 COMPETITIVE SCENARIO AND TRENDS
           9.6.1 SHAPE MEMORY ALLOYS MARKET: DEALS, 2018-2021

10 COMPANY PROFILES (Page No. - 170)
     10.1 KEY PLAYERS
     (Business Overview, Product/ Solution/ Service Offered, Recent Developments, Winning Imperatives, MNM View, Key strengths/ Right to win, Strategic choices made, and Weaknesses and competitive threats)* 
             10.1.1 ATI SPECIALTY ALLOYS & COMPONENTS
                        TABLE 156 ATI SPECIALTY ALLOYS & COMPONENTS: BUSINESS OVERVIEW
                        FIGURE 56 ATI SPECIALTY ALLOYS & COMPONENTS: COMPANY SNAPSHOT
                        TABLE 157 ATI SPECIALTY ALLOYS & COMPONENTS: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
                        TABLE 158 ATI SPECIALTY ALLOYS & COMPONENTS: DEALS
                        FIGURE 57 ATI SPECIALTY ALLOYS & COMPONENTS CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
             10.1.2 SAES GETTERS S.P.A.
                        TABLE 159 SAES GETTERS S.P.A.: BUSINESS OVERVIEW
                        FIGURE 58 SAES GETTERS S.P.A.: COMPANY SNAPSHOT
                        TABLE 160 SAES GETTERS S.P.A.: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
                        FIGURE 59 SAES GETTERS S.P.A.’S CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
             10.1.3 JOHNSON MATTHEY PLC
                        TABLE 161 JOHNSON MATTHEY: BUSINESS OVERVIEW
                        FIGURE 60 JOHNSON MATTHEY: COMPANY SNAPSHOT
                        TABLE 162 JOHNSON MATTHEY: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
                        FIGURE 61 JOHNSON MATTHEY PLC’S CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
             10.1.4 NIPPON STEEL & SUMITOMO METAL
                        TABLE 163 NIPPON STEEL & SUMITOMO METAL: BUSINESS OVERVIEW
                        FIGURE 62 NIPPON STEEL & SUMITOMO METAL: COMPANY SNAPSHOT
                        TABLE 164 NIPPON STEEL & SUMITOMO METAL: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
                        TABLE 165 NIPPON STEEL & SUMITOMO METAL: DEALS
                        FIGURE 63 NIPPON STEEL & SUMITOMO METAL’S CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
             10.1.5 FURUKAWA ELECTRIC CO., LTD
                        TABLE 166 FURUKAWA ELECTRIC COMPANY : BUSINESS OVERVIEW
                        FIGURE 64 FURUKAWA ELECTRIC CO., LTD: COMPANY SNAPSHOT
                        TABLE 167 FURUKAWA ELECTRIC COMPANY: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
                        TABLE 168 FURUKAWA ELECTRIC COMPANY: DEALS
                        FIGURE 65 FURUKAWA ELECTRIC COMPANY’S CAPABILITY IN SHAPE MEMORY ALLOYS MARKET
             10.1.6 FORT WAYNE METALS
                        TABLE 169 FORT WAYNE METALS: BUSINESS OVERVIEW
                        TABLE 170 FORT WAYNE METALS: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
                        TABLE 171 FORT WAYNE METALS: DEALS
             10.1.7 NIPPON SEISEN CO. LTD.
                        TABLE 172 NIPPON SEISEN CO. LTD.: BUSINESS OVERVIEW
                        TABLE 173 NIPPON SEISEN CO. LTD.: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
             10.1.8 XIAN SAITE METAL MATERIALS DEVELOPMENT COMPANY LIMITED
                        TABLE 174 XIAN SAITE METAL MATERIALS DEVELOPMENT COMPANY: BUSINESS OVERVIEW
                        TABLE 175 XIAN SAITE METAL MATERIALS DEVELOPMENT COMPANY: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
             10.1.9 SEABIRD METAL MATERIAL CO., LTD.
                        TABLE 176 SEABIRD METAL MATERIAL: BUSINESS OVERVIEW
                        TABLE 177 SEABIRD METAL MATERIAL: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
             10.1.10 DYNALLOY INC.
                        TABLE 178 DYNALLOY: BUSINESS OVERVIEW
                        TABLE 179 DYNALLOY: PRODUCT/ SOLUTION/ SERVICE OFFERINGS
     10.2 OTHER PLAYERS
             10.2.1 METALWERKS PMD, INC.
                        TABLE 180 METALWERKS PMD, INC.: BUSINESS OVERVIEW
                        TABLE 181 METALWERKS PMD, INC.: PRODUCT OFFERINGS
             10.2.2 ULTIMATE WIREFORMS, INC.
                        TABLE 182 ULTIMATE WIREFORMS, INC.: BUSINESS OVERVIEW
                        TABLE 183 ULTIMATE WIREFORMS, INC.: PRODUCT OFFERINGS
             10.2.3 DAIDO STEEL CO., LTD.
                        TABLE 184 DAIDO STEEL CO., LTD.: BUSINESS OVERVIEW
                        TABLE 185 DAIDO STEEL CO., LTD: PRODUCT OFFERINGS
             10.2.4 GENERAL RESEARCH INSTITUTE FOR NONFERROUS METALS (GRINM)
                        TABLE 186 GENERAL RESEARCH INSTITUTE FOR NONFERROUS METALS (GRINM): BUSINESS OVERVIEW
             10.2.5 EUROFLEX GMBH
                        TABLE 187 EUROFLEX GMBH: BUSINESS OVERVIEW
                        TABLE 188 EUROFLEX GMBH: PRODUCT OFFERINGS
             10.2.6 CONFLUENT MEDICAL TECHNOLOGIES
                        TABLE 189 CONFLUENT MEDICAL TECHNOLOGIES: BUSINESS OVERVIEW
                        TABLE 190 CONFLUENT MEDICAL TECHNOLOGIES: PRODUCT OFFERINGS
             10.2.7 PRECISION CASTPARTS CORP.
                        TABLE 191 PRECISION CASTPARTS CORP.: BUSINESS OVERVIEW
             10.2.8 NANOSHEL LLC
                        TABLE 192 NANOSHEL LLC: BUSINESS OVERVIEW
                        TABLE 193 NANOSHEL LLC: PRODUCT OFFERINGS
             10.2.9 STANFORD ADVANCED MATERIALS
                        TABLE 194 STANFORD ADVANCED MATERIALS: BUSINESS OVERVIEW
                        TABLE 195 STANFORD ADVANCED MATERIALS: PRODUCT OFFERINGS
             10.2.10 SUNRISE TITANIUM TECHNOLOGY
                        TABLE 196 SUNRISE TITANIUM TECHNOLOGY: BUSINESS OVERVIEW
                        TABLE 197 SUNRISE TITANIUM TECHNOLOGY: PRODUCT OFFERINGS
             10.2.11 BOSTON CENTERLESS
                        TABLE 198 BOSTON CENTERLESS: BUSINESS OVERVIEW
             10.2.12 SMA WIRES INDIA
                        TABLE 199 SMA WIRES INDIA: BUSINESS OVERVIEW
                        TABLE 200 SMA WIRES INDIA: PRODUCT OFFERINGS
             10.2.13 ALB MATERIALS INC.
                        TABLE 201 ALB MATERIALS INC.: BUSINESS OVERVIEW
             10.2.14 M & T(TAIWAN) CO., LTD.
                        TABLE 202 M & T(TAIWAN) CO., LTD.: BUSINESS OVERVIEW
                        TABLE 203 M & T(TAIWAN) CO., LTD.: PRODUCT OFFERINGS
             10.2.15 LUMENOUS PEIERTECH
                        TABLE 204 LUMENOUS PEIERTECH: BUSINESS OVERVIEW
                        TABLE 205 LUMENOUS PEIERTECH: PRODUCT OFFERINGS
*Details on Business Overview, Product/ Solution/ Service Offered, Recent Developments, Winning Imperatives, MNM View, Key strengths/ Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies. 

11 ADJACENT AND RELATED MARKETS (Page No. - 213)
     11.1 INTRODUCTION
     11.2 LIMITATIONS
     11.3 ACTUATORS MARKET
             11.3.1 MARKET DEFINITION
             11.3.2 ACTUATORS MARKET, BY ACTUATION
                        TABLE 206 ACTUATORS MARKET SIZE, BY ACTUATION, 2017–2020 (USD BILLION)
                        TABLE 207 ACTUATORS MARKET SIZE, BY ACTUATION, 2021–2027 (USD BILLION)
             11.3.3 ACTUATORS MARKET, BY APPLICATION
                        TABLE 208 ACTUATORS MARKET SIZE, BY APPLICATION, 2017–2020 (USD BILLION)
                        TABLE 209 ACTUATORS MARKET SIZE, BY APPLICATION, 2021–2027 (USD BILLION)
             11.3.4 ACTUATORS MARKET, BY TYPE
                        TABLE 210 ACTUATORS MARKET SIZE, BY TYPE, 2017–2020 (USD BILLION)
                        TABLE 211 ACTUATORS MARKET SIZE, BY TYPE, 2021–2027 (USD BILLION)
             11.3.5 ACTUATORS MARKET, BY VERTICAL
                        TABLE 212 ACTUATORS MARKET SIZE, BY VERTICAL, 2017–2020 (USD MILLION)
                        TABLE 213 ACTUATORS MARKET SIZE, BY VERTICAL, 2021–2027 (USD MILLION)
                        TABLE 214 ACTUATORS VOLUME, BY VERTICAL, 2017–2020 (MILLION)
                        TABLE 215 ACTUATORS VOLUME, BY VERTICAL, 2021–2027 (MILLION)
             11.3.6 ACTUATORS MARKET, BY REGION
                        TABLE 216 ACTUATORS MARKET SIZE, BY REGION, 2017–2020 (USD BILLION)
                        TABLE 217 ACTUATORS MARKET SIZE, BY REGION, 2021–2027 (USD BILLION)
     11.4 ORTHODONTIC SUPPLIES MARKET
             11.4.1 MARKET DEFINITION
             11.4.2 ORTHODONTIC SUPPLIES MARKET, BY PRODUCT
                        TABLE 218 ORTHODONTIC SUPPLIES MARKET SIZE, BY PRODUCT, 2019–2026 (USD MILLION)
             11.4.3 ORTHODONTIC SUPPLIES MARKET, BY PATIENT
                        TABLE 219 ORTHODONTIC SUPPLIES MARKET SIZE, BY PATIENT, 2019–2026 (USD MILLION)
             11.4.4 ORTHODONTIC SUPPLIES MARKET, BY END USER
                        TABLE 220 ORTHODONTIC SUPPLIES MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
             11.4.5 ORTHODONTIC SUPPLIES MARKET, BY REGION
                        TABLE 221 ORTHODONTIC SUPPLIES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
     11.5 METAL IMPLANTS AND MEDICAL ALLOYS MARKET
             11.5.1 MARKET DEFINITION
             11.5.2 METAL IMPLANTS AND MEDICAL ALLOYS MARKET, BY TYPE
                        TABLE 222 METAL IMPLANTS AND MEDICAL ALLOYS MARKET SIZE, BY TYPE,  2017–2024 (USD MILLION)
             11.5.3 METAL IMPLANTS AND MEDICAL ALLOYS MARKET, BY APPLICATION
                        TABLE 223 METAL IMPLANTS AND MEDICAL ALLOYS MARKET SIZE, BY APPLICATION,  2017–2024 (USD MILLION)
             11.5.4 METAL IMPLANTS AND MEDICAL ALLOYS MARKET, BY REGION
                        TABLE 224 METAL IMPLANTS AND MEDICAL ALLOYS MARKET SIZE, BY REGION,  2017–2024 (USD MILLION)

12 APPENDIX (Page No. - 224)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS  SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities for estimating the current size of the global shape memory alloys market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The COVID-19 pandemic impact on the demand with respect to end-use industries, application areas and countries were comprehended. The next step was to validate these findings, assumptions and sizes with the industry experts across the supply chain of shape memory alloys through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the shape memory alloys market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the shape memory alloys market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.

Primary Research

Various primary sources from both the supply and demand sides of the shape memory alloys market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the shape memory alloys industry. The primary sources from the demand side included key executives from end-use industries. The breakdown of the profiles of primary respondents is as follows:

Shape Memory Alloys Market Size, and Share

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the size of the global shape memory alloys market. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:

  • The key players were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • Impact of COVID-19 pandemic was ascertained
  • All percentage split and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the shape memory alloys market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.

Report Objectives

  • To define, analyze, and project the size of the shape memory alloys market in terms of value based on type, end-use industry and region
  • To project the size of the market and its segments with respect to the five main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To strategically analyze the micromarkets with respect to individual growth trends, COVID-19 pandemic impact, prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
  • To analyze the competitive developments, such as new product launches, expansions, and acquisitions, in the shape memory alloys market
  • To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the shape memory alloy report:

Product Analysis

  • Product matrix, which offers a detailed comparison of the product portfolio of companies

Regional Analysis

  • Further breakdown of the Rest of APAC shape memory alloys market into more nations not covered in the study
  • Further breakdown of Rest of Europe shape memory alloys market into more nations not covered in the study
  • Further breakdown of Rest of South America shape memory alloys market into more nations not covered in the study
  • Further breakdown of Rest of Middle East & Africa shape memory alloys market into more nations not covered in the study

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
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Benchmarking the rapid strategy shifts of the Top 100 companies in the Shape Memory Alloys Market

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Report Code
CH 6263
Published ON
Jul, 2021
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