China Superalloy Market and Industry Size 2014, Share, Growth, Trends and Forecast Report 2017: MarketResearchReports.biz

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MarketResearchReports.Biz include new market research report" China Superalloy Industry Report 2014-2017" to its huge collection of research reports. Browse All Materials Market Research Reports at http://www.marketresearchreports.biz/category/101

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Latest Publication On China Superalloy Industry Report, 2014-2017

A superalloy is an alloy that, generally with iron, nickel, and cobalt as its base alloying element, can resist corrosion and oxidation at a high temperature of some 600℃ and can work for a long period of time under a certain stress. It is mainly applied in many fields such as aerospace engines, industrial gas turbines and auto turbochargers. And the superalloy used in aerospace engines occupied approximately 50% of the total engine weight.

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In 2009, the demand for superalloy in China reached about 10,000 tons, and this figure went up to nearly 20,000 tons in 2014, with a CAGR of 14.9%. Over the same period, the superalloy output showed a moderate growth, from 8,000 tons in 2009 to 13,000 tons in 2014. There is a growing trend toward the widening gap in supply and demand, and many high-end superalloys have to be relied on imports.

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In future, superalloy in China will enjoy rapid growth mainly due to the two below: first, the demand from aircraft engines for superalloy will rise significantly with the maturity of the technologies. In view of the process of China-made large aircraft projects, the year 2007 will constitute the fast-growing period of the demand for Chinese superalloys in this field; second, the output and sales volume of automobiles in China are expected to continue to rise as the unit usage of superalloys keeps increasing. And the demand for superalloys from automobile engines will maintain rapid growth.

At present, there are no more than 50 superalloy producers around the globe, which are mainly concentrated in the countries like the United States, the UK, Germany, France, Russia, and Japan. And a highly oligarchic monopoly in the industry has taken form. The superalloy manufacturers in China can be divided into two categories: steel enterprises and research institutes. The former includes Fushun Special Steel, Changcheng Special Steel, and Baosteel Group, etc. while the latter consists of BIAM and Central Iron & Steel Research Institute, etc.

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As the largest superalloy manufacturer, Fushun Special Steel offers the products that mainly include wrought superalloy. In recent years, superalloy has contributed revenue of some RMB700 million, with the market share of 30%. In 2014, its capacity reached 3,500 tons, with the long-term capacity of 6,000 tons.

Relying on Central Iron & Steel Research Institute, CISRI-GAONA has great R&D strength and provides a variety of products. In 2014, the company's superalloy capacity amounted to 3,000 tons, with the market share of about 25%.

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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.

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Magnesium which is featured with low density and high strength can form high-strength alloy with aluminum, copper, zinc and other metals as an important alloying element. Currently, China is a major producer and consumer of primary magnesium in the world. In 2013, China produced 769,000 tons of primary magnesium which was equivalent to 88.5% of the world and consumed 351,000 tons that accounted for 41.4%.

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Meanwhile, China is also the world's major exporter of primary magnesium. China’s export volume of primary magnesium jumped by 21.5% year on year to 212,000 tons in 2013, thanks to the abolished export duty of 10% on magnesium metal and alloy by China since January 1, 2013. Chinese primary magnesium is mainly used for the production of magnesium alloy and casting as well as metal reduction, in which magnesium alloy consumes more than 60% of primary magnesium. This proportion will continue to expand in the future, mainly because magnesium alloy is the lightest metal in practical use, with a specific gravity which is ? of iron’s and 2/3 of aluminum’s, conforms to the trend that automobiles tend to be lightweight and 3C products turn to be compact and small.

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