Global Market for High Performance Alloys to Reach 10.25 Million Metric Tons by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on High Performance Alloys market. Although tempered by the world economic recession, global market for High Performance Alloys is nevertheless expected to recover poise and gain steady momentum over the next few years to reach 10.25 million metric tons by 2015. Key factors fingered to drive this growth include surging demand for lightweight alloys in domestic appliances & transportation sector, increasing sophistication of industrial production and processing technologies and post recession resurgence in growth fundamentals such as improvement in macroeconomic environment, greater consumer confidence, increased investments on infrastructure projects, and recovery in key end-use markets. Sturdy demand outlook for platinum group metals and encouraging demand from Asia-Pacific also augur well for the market.

High Performance Alloys: A Global Strategic Business Report

The need for superior performance, efficiency, and durability in products, ranging from golf equipments to sophisticated high-tech, supersonic jet engines and spacecrafts, has fashioned a strong demand for high-grade, super-tensile, high performance alloys. Industries like transportation, consumer appliances, leisure, and industrial manufacturing, have been generating substantial demand for high performance alloys over the years. The shifting focus of energy generation from coal-fired power stations to gas turbine generators has also been wielding a multiplier effect on market opportunities. For instance, energy deregulation induced development of infrastructure for gas turbine industrial plants, which is presently underway, is directly translating into demand for customized high performance alloys with specifically optimized mechanical properties.

The global high performance alloys market has suffered a severe setback in the last two years, with demand for all types of high-performance alloys, including non-ferrous alloys, refractory metal alloys, platinum group metals, and special alloys & superalloys falling considerably during the period. The erosion in volume sales over the last few years can be primarily attributed to the negative impact of recent economic recession on key end-use markets such as automotive manufacturing, construction, industrial manufacturing, and chemical processing among other key industry segments, where high-performance alloys are consumed as raw material. Cowed by the pressure of recession induced financial crunch, loss in demand for end products, price declines and low profits, these industry segments have cut down the consumption of high-performance alloys dramatically over the last few years, thereby causing a steep decline in volume sales.

However, with the economic recession at its tail end, a marked resurgence in growth fundamentals such as improvement in macroeconomic environment, greater consumer confidence and increased investments on infrastructure projects, has put the global high performance alloys industry on a road to recovery. In aluminum industry for instance, Government support in the form of economic stimulus packages, are helping in swift capacity additions and revival of idled aluminum supply. With construction activity slated to recover post recession, the demand for aluminum and aluminum alloys will grow considerably in the years to come, thereby driving volume sales. Growth in the high performance alloys industry in the post recession period will also be driven by surging demand for lightweight alloys in domestic, leisure and transportation sector. Given its lightweight feature that enhances the portability and user-friendliness of consumer products, lightweight alloys are extensively being used in manufacturing consumer products. Likewise, the lightweight alloys especially aluminum alloys are also being increasingly preferred by automobile makers for developing more eco-friendly and fuel-efficient vehicles. The growing sophistication of industrial production and processing technologies, to offer compatibility with the use of high performance alloys as raw materials, will also strengthen demand in most end-use industries.

As stated by the new market research report on high performance alloys, the US continues to remain the largest regional market for high performance alloys. Asia-Pacific is the fastest growing regional market over the analysis period 2007-2015. The shift in production centers to, and increase in production capacities in China especially are driving market for high performance alloys in the Asia-Pacific region. By product, non ferrous alloys represents the largest segment. platinum group metals represents the fastest growing product segment in the US.

Key players listed in the report include Advanced Magnesium Limited, African Rainbow Minerals Limited, Alcoa Inc, Alcoa Howmet Castings, Allegheny Technologies Incorporated, ATI Allvac Incorporated, BASF Catalysts LLC, Carpenter Technology Corporation, Group of Companies Precious Metals Of Urals, Eramet Group, Haynes International Inc, H.C. Starck GmbH, High Performance Alloys Inc, Magnesium Elektron Incorporated, Olin Brass, Rio Tinto Alcan, Rolled Alloys Inc, United Company RUSAL Plc, Special Metals Corporation, ThyssenKrupp VDM GmbH, Titanium Metals Corporation (TIMET), W.C. Heraeus GmbH & Co KG, Xstrata Alloys, among others.

The research report titled “High Performance Alloys: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in volume sales for US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East & Africa and Latin American markets. Product segments analyzed include Non Ferrous Alloys (Aluminum, Magnesium, Titanium and Zirconium), Refractory Metals Alloys (Molybdenum, Tungsten, Columbium and Tantalum), Platinum Group Metals (Platinum, Palladium, Rhodium, Ruthenium and Iridium) and Special Alloys & Superalloys. The study also presents historic data for an insight into market evolution over the period 2000 through 2006.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/High_Performance_Alloys_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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