Global Shape Memory Alloys Market Size & Outlook
Global shape memory alloys market, 2018-2030 (US$M)
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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 |
|---|---|---|---|---|
| Dynalloy | View profile | 101-250 | Irvine, California, United States, North America | https://www.dynalloy.com |
| Mishra Dhatu Nigam Limited | View profile | 501-1000 | Hyderabad, Andhra Pradesh, India, Asia | https://midhani-india.in/ |
| Nippon Seisen | View profile | 501-1000 | Kadoma, Osaka, Japan, Asia | http://www.n-seisen.co.jp/ |
| SAES Getters | View profile | 1001-5000 | Milan, Lombardia, Italy, Europe | https://www.saesgetters.com |
| Fort Wayne Metals | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | http://fwmetals.com |
| Johnson Matthey PLC | View profile | 12638 | 25 Farringdon Street, 5th Floor, London, United Kingdom, EC4A 4AB | https://www.matthey.com |
| ATI Inc | View profile | 7300 | 2021 McKinney Avenue, Dallas, TX, United States, 75201 | https://www.atimaterials.com |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| Furukawa Electric Co Ltd | View profile | 51314 | Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, Japan, 100-8322 | http://www.furukawa.co.jp |
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)
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