High Performance Alloys Market Is Expected to Reach Us$9.09 Billion by 2020

Transparency Market

Research

High Performance Alloys Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 - 2020

Published Date

17-07-2014

94 Page Report

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Press Release

High Performance Alloys Market Rising at 4.2% CAGR due to their Ability

to Perform Under High Pressure Conditions

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High Performance Alloys Market

REPORT DESCRIPTION

High performance alloys exhibit excellent mechanical strength, good surface stability and superlative

corrosion and oxidation resistance. High performance alloys exhibit excellent mechanical strength and high

resistance to creep at high temperatures. In addition, they provide good surface stability and corrosion and

oxidation resistance. These alloy operate in complicated combination of force and temperature under the

influence of corrosive media, high pressures and radiation. Moreover, titanium and nickel increase the life

of the components. High performance alloys market is heavily driven by aerospace and power industries.

Typical applications of the high performance alloys include the aerospace industry and in the industrial gas

turbines sector (IGTs). Other applications include automotive, oil & gas rail engineering, military,

electronics, marine and other industrial applications. There are four main categories of high performance

alloys: non-ferrous alloys, platinum group metals, refractory metals and superalloys. These alloys are used

at high temperature applications. Thus, properties of these alloys are tailored to a certain extent through

the addition of other elements, including metals, metalloids and non-metals viz chromium, iron,

molybdenum, niobium, yttrium, vanadium, carbon, boron or hafnium are some examples of the alloying

additions used.

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