Shape Memory Alloy Market, Global Outlook and Forecast 2023-2032
The global Shape Memory Alloy market was valued at US$ 796.4 million in 2022 and is projected to reach US$ 1385.4 million by 2029, at a CAGR of 8.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A shape memory alloy (SMA) is an alloy that "remembers" its original shape and that when deformed returns to its pre-deformed shape when heated. This material is a lightweight, solid-state alternative to conventional actuators such as hydraulic, pneumatic, and motor-based systems. Shape-memory alloys have applications in industries including Automotive, aerospace, and biomedical and robotics. Nickel-titanium alloys have been found to be the most useful of all SMAs. Other shape memory alloys include copper-aluminum-nickel, copper-zinc-aluminum, and iron-manganese-silicon alloys. The generic name for the family of nickel-titanium alloys is Nitinol.
The data in this report include the semi-finished products (bars, Tubes, wire, pipe, etc), components and devices in shape memory alloy.
This report aims to provide a comprehensive presentation of the global market for Shape Memory Alloy, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Shape Memory Alloy. This report contains market size and forecasts of Shape Memory Alloy in global, including the following market information:
- Global Shape Memory Alloy Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global Shape Memory Alloy Market Sales, 2018-2023, 2024-2032, (MT)
- Global top five Shape Memory Alloy companies in 2022 (%)
Global Shape Memory Alloys key players include Nitinol Devices & Components, SAES Getters, G.RAU GmbH & Co. KG, Fort Wayne Metals, ATI Wah-chang, etc. Global top five manufacturers hold a share over 45%.
North America is the largest market, with a share about 45%, followed by Europe, and Japan, both have a share over 30 percent.
In terms of product, Nickel-Titanium is the largest segment, with a share over 75%. And in terms of application, the largest application is Medical Applications, followed by Automotive, Aircraft Applications, Home Appliance, etc.
We has surveyed the Shape Memory Alloy manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Shape Memory Alloy Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (MT)
Global Shape Memory Alloy Market Segment Percentages, by Type, 2022 (%)
- Nickel-Titanium(Ni-Ti) Shape Memory Alloys
- Copper Based Shape Memory Alloys
- Fe Based Shape Memory Alloys
Global Shape Memory Alloy Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (MT)
Global Shape Memory Alloy Market Segment Percentages, by Application, 2022 (%)
- Medical
- Aircraft
- Automotive
- Home Appliance
Global Shape Memory Alloy Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (MT)
Global Shape Memory Alloy Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Shape Memory Alloy revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Shape Memory Alloy revenues share in global market, 2022 (%)
- Key companies Shape Memory Alloy sales in global market, 2018-2023 (Estimated), (MT)
- Key companies Shape Memory Alloy sales share in global market, 2022 (%)
key players include:
- Nitinol Devices & Components
- SAES Getters
- Johnson Matthey
- ATI
- Fort Wayne Metals
- Metalwerks PMD
- Johnson Matthey
- Furukawa
- Nippon Seisen
- Dynalloy
- Ultimate NiTi Technologies
- Grikin
- PEIER Tech
- Saite Metal
- Seemine
- Smart
- Baoji Seabird Metal
- GEE
Outline of Major Chapters:
Chapter 1: Introduces the definition of Shape Memory Alloy, market overview.
Chapter 2: Global Shape Memory Alloy market size in revenue and volume.
Chapter 3: Detailed analysis of Shape Memory Alloy manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Shape Memory Alloy in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Shape Memory Alloy capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
