Global Shape Memory Alloys Market Size & Outlook
Global shape memory alloys market, 2018-2030 (US$M)
Related Markets
Global shape memory alloys market highlights
- The global shape memory alloys market generated a revenue of USD 13,900.0 million in 2023 and is expected to reach USD 29,287.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.2% by 2030.
- In terms of segment, nickel-titanium (nitinol) accounted for a revenue of USD 12,259.6 million in 2023.
- Nickel-Titanium (Nitinol) is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 13,900.0 million |
| Market revenue in 2030 | USD 29,287.2 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Nickel-titanium (nitinol) |
| Fastest growing segment | Nickel-Titanium (Nitinol) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nickel-Titanium (Nitinol), Copper-based Alloys |
Other key industry trends
- In terms of revenue, the North America accounted for 35.1% of the global shape memory alloys market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 1,110.1 million by 2030.
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Shape memory alloys market Scope
Shape memory alloys market Companies
| Name | Profile | # Employees | HQ | Website |
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Global shape memory alloys market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shape memory alloys market will help companies and investors design strategic landscapes.
Nickel-titanium (nitinol) was the largest segment with a revenue share of 88.2% in 2023. Horizon Databook has segmented the Global shape memory alloys market based on nickel-titanium (nitinol), copper-based alloys covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Shape memory alloys Type Outlook (Revenue, USD Million, 2018-2030)
- Nickel-Titanium (Nitinol)
- Copper-based Alloys
- Others
- Global Shape memory alloys End Use Outlook (Revenue, USD Million, 2018-2030)
- Biomedical
- Automotive
- Aerospace & defence
- Consumer electronics & household
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global shape memory alloys market , including forecasts for subscribers. This global databook contains high-level insights into Global shape memory alloys market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global shape memory alloys market size, by regions, 2018-2030 (US$M)
Top 10 countries: Shape memory alloys market size, 2023 (US$M)
Global shape memory alloys market share, by type, 2023 & 2030 (%, US$M)
Shape memory alloys market: Opportunity assessment by country
Global shape memory alloys market, by region, 2023 (US$M)
Related regional statistics
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