Superior Heat and Insulation is Expected to Drive the Demand of High Performance Alloys Market

The global high performance alloys market size is expected to reach USD 11.34 billion by 2024, according to a new report by Grand View Research, Inc. The industry is anticipated to grow, primarily on account of rising substitution of materials such as steel and aluminum due to superior performance and reduction in the price of such alloys.

Favorable characteristics of the alloys which aid in improvement in performance efficiency coupled with superior heat and insulation is expected to drive the demand. The price of the products is generally high on account of higher production cost, which is expected to emerge as one of the major factors restraining growth.

The increasing cost of the alloying metals coupled with monopolistic hold of the industry players over the market is expected to hamper the demand over the forecast period. However, the lack of alternatives to the metals and commercialization of favorable technologies is anticipated to drive the demand over the forecast period.

Presence of a number of raw material suppliers is expected to decrease the bargaining power. Furthermore, lower raw material prices offered by suppliers from Asia Pacific is expected to propel demand. However, increasing demand for these raw materials from other key end-use industries is expected to decline raw material availability.

In depth research report on High Performance Alloys Market

https://www.grandviewresearch.com/industry-analysis/high-performance-alloys-market

Further key findings from the report suggest:

·       Titanium based high performance alloys are expected to register a CAGR of 5.1% by revenue over the forecast period on account of heightened use in the production of turbine blades, aircraft engines, and nuclear reactors

·       Non-ferrous alloying material accounted for a market share with 51.6%, in terms of revenue, on account of low cost of the material coupled with extensive usage in the manufacture of electronic & electrical devices.

·       The use of the products in aerospace is expected to cater to a market share of 55.4% in terms of revenue on account of growing demand for lightweight materials for use in commercial and defense aircrafts

·       Asia Pacific region is estimated to register fastest growth with a CAGR of 5.9%, in terms of revenue on account of growing automotive industry in emerging economies such as China and India

Grand View Research has segmented the high performance alloys market on the basis of product, material, application and region.

High Performance Alloys Product Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)

·       Non-ferrous metals

·       Platinum group metals

·       Refractory

·       Super alloys

High Performance Alloys Material Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)

·       Aluminum

·       Titanium

·       Magnesium

·       Others

High Performance Alloys Application Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)

·       Aerospace

·       Industrial Gas Turbine

·       Industrial

·       Automotive

·       Oil & Gas

·       E & E

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Extensive Use of Construction Additives in Residential/Commercial Buildings is Expected to Boost Construction Additives Market Growth

 The global construction additives market size is expected to reach USD 38.32 billion by 2025, according to a report published by Grand View Research, Inc., registering a CAGR of 8.8%. The market for construction additives is anticipated to be driven by growing awareness regarding advantages of construction additives among infrastructure developers, contractors, and designers. In addition, extensive use of construction additives in residential and commercial buildings is expected to boost market growth.

 Construction additives are advance materials, which have emerged as a viable solution for improving the quality of buildings and infrastructure. Additive concrete, compared to other conventional concrete types, possesses useful properties such as durability and high strength, which makes it ideal for use in infrastructure components.

By type, chemical is anticipated to be the fastest growing segment owing to its wide-ranging use in the construction sector. Its low cost, compared to other construction additives, is a major growth driver for this segment.

Booming hospitality industry all over the world, in addition to increasing number of medical centres, is responsible for enabling the commercial segment expand at the highest CAGR. On the other hand, increasing disposable income in developing countries, coupled with increasing government projects, is expected to drive the residential and infrastructure segments. 

Key players are investing in educating builders and contractors regarding the significance of using construction additives to enhance quality and endurance of construction. These players are also heavily investing in R&D activities, most of which are focused on manufacturing products that are suitable for various conditions at an affordable price.

In depth research report on Construction Additives Market

https://www.grandviewresearch.com/industry-analysis/construction-additives-market

Further key findings from the report suggest:

·       The chemical additives segment is anticipated to be exhibit the highest growth in terms of revenue, with a CAGR of 9.3% over the forecast period. Low cost and ease of use make it ideal for residential and commercial construction

·       The commercial segment is the largest end user in the global construction additives market. Extensive use of construction additives in high-rise buildings, hotels, malls, and hospitals is driving this segment

·       Asia Pacific is expected to be the largest as well as fastest-growing regional market, exhibiting a CAGR of 10.2% in terms of revenue over the forecast period. Rapidly growing population and rising government mega infrastructure projects in the region is expected to further boost market demand 

·       Many major players have invested in research and development activities in order to develop more effective and affordable products. Companies are also focusing on expanding their businesses in developing countries.

Grand View Research has segmented the global construction additives market on the basis of type, end use, and region:

Construction Additives Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

·       Chemical

·       Mineral

·       Fiber

Construction Additives End-use Outlook (Volume, Kilo tons; Revenue, USD Billion, 2014 - 2025)

·       Residential

·       Commercial

·       Infrastructure

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/