Global Shape Memory Alloys Market Research Report Information by Type, By End-Use Industry, And by Region Market Forecast Till 2033

Description

List of Tables

Global Shape Memory Alloys Market Research Report Information by Type (Nitinol, Copper-Based, Iron-Manganese Silicon), By End-Use Industry (Biomedical, Aerospace and Defence, Automotive), And by Region (North America, Europe, Asia-Pacific, And Rest of The World) Market Forecast Till 2033

Market Overview

In 2022, the market size of shape memory alloys was estimated to be USD 13.87 billion. The Shape Memory Alloys industry is anticipated to experience a compound annual growth rate (CAGR) of 10.4% during the forecast period. The global market's expansion is primarily propelled by the demand in end-use industries and fields, as well as the increased use of SMA in neurology and neuromuscular rehabilitation.

The Shape Memory Alloy Market is primarily used in biomedical applications, particularly clinical inserts, which are inferable from their biocompatibility, due to the maturing population and the increasing acceptance of biomedical inserts worldwide. After a medical procedure is embedded, the mechanical properties of the embedded materials are the primary factor in the mending system. The Nitinol Shape Memory Alloy Market share is extensively utilized in the production of medical implants due to its exceptional qualities, including wrinkle prevention, high flexibility, and resistance to consumption. These composites are also employed for muscular embeds, such as muscular fasteners and plates, clinical staples, hip prostheses, front cruciate tendons, dental applications, cardiovascular stents, intracranial staples, and precise instruments. Orthodontic products are employed in the Shape Memory Alloy Market to correct and adjust teeth, close unsightly gaps, and correct unusual bite patterns. Individuals with malocclusions and jaw infections typically adopt orthodontic devices, such as fixed and removable supports.

Market segment insights

Nitinol, Copper-Based, and Iron-Manganese Silicon comprise the Shape Memory Alloys Market segmentation by type. The market for nitinol alloys is anticipated to experience the most significant compound annual growth rate (CAGR) during the forecast period.

Biomedical, Aerospace & Defence, Automotive, Consumer Electronics, Home Appliances, and Others comprise the Shape Memory Alloys Market segmentation, which is based on end-use industry.

Regional Perspectives

The SMAs market is significantly influenced by the aerospace, defense, and healthcare industries in the North American region, with the United States being a significant contributor. The market in this region is experiencing development due to the growing demand for SMAs in these industries.

The European region is another significant contributor to the SMAs market, propelled by the presence of numerous automotive and aerospace industries in countries such as the United Kingdom, France, and Germany. In the healthcare sector, the region is also experiencing an increasing demand for SMAs.

The SMAs market is anticipated to experience the most significant development rate in the Asia-Pacific region because of the growing demand for SMAs in the aerospace, automotive, and healthcare sectors. The demand for SMAs in the region is anticipated to be driven by the substantial increase in investments in the healthcare sector of the region.

Major Players

SAES Getters S.p.A., TiNi Alloy Co., Ultimate NiTi Technologies Inc., Fort Wayne Metals Inc., Metalwerks PMD Inc., ENDOSMART GmbH, Admedes Schuessler GmbH, DYNALLOY, Inc., EUROFLEX GmbH, Confluent Medical Technologies, Inc., Aerofits Products Inc., Burpee Materials Technology LLC., Johnson Matthey Inc., TiNi Aerospace, FURUKAWA ELECTRIC CO., LTD., Baoji Seabird Metals Materials Co., Ltd., Baoji TITANIUM INDUSTRY CO., LTD., and XSMA, Inc. are among the key companies in the Shape Memory Alloys market.

Product Code: MRFR/CnM/4539-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 LIST OF ASSUMPTIONS
2.4 MARKET STRUCTURE
2.5 KEY TAKEAWAYS

3 MARKET INSIGHTS

3.1 KEY TAKEAWAYS

4 RESEARCH METHODOLOGY

4.1 RESEARCH PROCESS
4.2 PRIMARY RESEARCH
4.3 SECONDARY RESEARCH
4.4 MARKET SIZE ESTIMATION
4.5 FORECAST MODEL

5 MARKET DYNAMICS

5.1 INTRODUCTION
5.2 DRIVERS
- 5.2.1 RISING USE OF SHAPE MEMORY ALLOYS FOR NEUROLOGY AND NEUROMUSCULAR REHABILITATION
- 5.2.2 WIDENING BIOMEDICAL APPLICATION SCOPE OF SMA IN CARDIOVASCULAR, ORTHOPEDIC AND IN SURGICAL INSTRUMENTS
- 5.2.3 INCREASED DEMAND IN END-USE INDUSTRIES SUCH AS AUTOMOTIVE AND AEROSPACE
- 5.2.4 DRIVERS IMPACT ANALYSIS
5.3 RESTRAINTS
- 5.3.1 HIGHER COST ASSOCIATED WITH SHAPE MEMORY ALLOYS
- 5.3.2 RESTRAINTS IMPACT ANALYSIS
5.4 OPPORTUNITIES
- 5.4.1 GROWTH OF CONSTRUCTION SECTOR IN EMERGING ECONOMIES
- 5.4.2 RISE IN RESEARCH AND DEVELOPMENT ACTIVITIES FOR COST REDUCTION
5.5 TRENDS
- 5.5.1 INCREASING GERIATRIC POPULATION
- 5.5.2 RISING PENETRATION IN DEVELOPING COUNTRIES

6 MARKET FACTOR ANALYSIS

6.1 SUPPLY CHAIN ANALYSIS
- 6.1.1 RAW MATERIAL SUPPLIERS
- 6.1.2 SHAPE MEMORY ALLOYS MANUFACTURERS
- 6.1.3 DISTRIBUTION CHANNEL
- 6.1.4 END-USER INDUSTRY
6.2 PORTER'S FIVE FORCES MODEL
- 6.2.1 THREAT OF NEW ENTRANTS
- 6.2.2 THREAT OF RIVALRY
- 6.2.3 THREAT OF SUBSTITUTES
- 6.2.4 BARGAINING POWER OF SUPPLIER
- 6.2.5 BARGAINING POWER OF BUYER

7 GLOBAL SHAPE MEMORY ALLOYS MARKET, BY TYPE

7.1 INTRODUCTION
7.2 NICKEL TITANIUM
7.3 CU-AL-NI
7.4 CU-ZN-AL
7.5 OTHERS

8 GLOBAL SHAPE MEMORY ALLOYS MARKET, BY APPLICATION

8.1 INTRODUCTION
8.2 SUPER ELASTIC
8.3 ACTUATORS
8.4 CONSTRAINED RECOVERY
8.5 FRANGIBOLT
8.6 VIBRATION DAMPERS
8.7 SHOCK ABSORBER
8.8 OTHERS

9 GLOBAL SHAPE MEMORY ALLOYS MARKET, BY END USE INDUSTRY

9.1 INTRODUCTION
9.2 BIOMEDICAL
- 9.2.1 ORTHOPEDICS
- 9.2.2 ORTHODONTICS
- 9.2.3 CORONARY STENT
- 9.2.4 SURGICAL INSTRUMENT
- 9.2.5 ORGAN FRAME RETRACTORS
- 9.2.6 OTHERS
9.3 AIRCRAFT
- 9.3.1 FIXED WINGS/WING MORPHINGS
- 9.3.2 JET ENGINES
- 9.3.3 ROTOCRAFTS
- 9.3.4 OTHERS
9.4 SPACECRAFT
- 9.4.1 SATELLITE RELEASE
- 9.4.2 ACTUATORS
- 9.4.3 OTHERS
9.5 TRANSPORT
9.6 ELECTRICAL APPLIANCES
9.7 CONSTRUCTION & HOUSING
9.8 SUBSEA
- 9.8.1 OIL & GAS
- 9.8.2 OFFSHORE WIND
- 9.8.3 SEABED MINING
- 9.8.4 OTHERS
9.9 HOT WATER SUPPLY
9.10 OTHERS

10 GLOBAL SHAPE MEMORY ALLOYS MARKET, BY REGION

10.1 INTRODUCTION
10.2 NORTH AMERICA
- 10.2.1 U.S.
- 10.2.2 CANADA
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 FRANCE
- 10.3.3 UK
- 10.3.4 FRANCE
- 10.3.5 SPAIN
- 10.3.6 ITALY
- 10.3.7 REST OF EUROPE
- 10.3.8 ASIA PACIFIC
- 10.3.9 CHINA
- 10.3.10 INDIA
- 10.3.11 JAPAN
- 10.3.12 SOUTH KOREA
- 10.3.13 REST OF ASIA PACIFIC
10.4 LATIN AMERICA
- 10.4.1 BRAZIL
- 10.4.2 MEXICO
- 10.4.3 ARGENTINA
- 10.4.4 REST OF LATIN AMERICA
10.5 MIDDLE EAST & AFRICA
- 10.5.1 TURKEY
- 10.5.2 UAE
- 10.5.3 SAUDI ARABIA
- 10.5.4 REST OF MIDDLE EAST & AFRICA

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 KEY DEVELOPMENT ANALYSIS

12 COMPANY PROFILES

12.1 SAES GETTERS S.P.A
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERINGS
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGY
12.2 TINI ALLOY CO.
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERINGS
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGY
12.3 ULTIMATE NITI TECHNOLOGIES INC.
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERINGS
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGY
12.4 FORT WAYNE METALS INC.
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERINGS
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGY
12.5 METALWERKS PMD INC.
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERINGS
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGY
12.6 ENDOSMART GMBH
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERINGS
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGY
12.7 ADMEDES SCHUESSLER GMBH
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERINGS
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGY
12.8 DYNALLOY, INC.
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERINGS
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGY
12.9 EUROFLEX GMBH
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERINGS
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGY
12.10 CONFLUENT MEDICAL TECHNOLOGIES, INC.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERINGS
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGY
12.11 AEROFITS PRODUCTS INC.
- 12.11.1 COMPANY OVERVIEW
- 12.11.2 FINANCIAL OVERVIEW
- 12.11.3 PRODUCTS OFFERINGS
- 12.11.4 KEY DEVELOPMENTS
- 12.11.5 SWOT ANALYSIS
- 12.11.6 KEY STRATEGY
12.12 BURPEE MATERIALS TECHNOLOGY LLC.
- 12.12.1 COMPANY OVERVIEW
- 12.12.2 FINANCIAL OVERVIEW
- 12.12.3 PRODUCTS OFFERINGS
- 12.12.4 KEY DEVELOPMENTS
- 12.12.5 SWOT ANALYSIS
- 12.12.6 KEY STRATEGY
12.13 JOHNSON MATTHEY INC.
- 12.13.1 COMPANY OVERVIEW
- 12.13.2 FINANCIAL OVERVIEW
- 12.13.3 PRODUCTS OFFERINGS
- 12.13.4 KEY DEVELOPMENTS
- 12.13.5 SWOT ANALYSIS
- 12.13.6 KEY STRATEGY
12.14 TINI AEROSPACE
- 12.14.1 COMPANY OVERVIEW
- 12.14.2 FINANCIAL OVERVIEW
- 12.14.3 PRODUCTS OFFERINGS
- 12.14.4 KEY DEVELOPMENTS
- 12.14.5 SWOT ANALYSIS
- 12.14.6 KEY STRATEGY
12.15 FURUKAWA ELECTRIC CO., LTD
- 12.15.1 COMPANY OVERVIEW
- 12.15.2 FINANCIAL OVERVIEW
- 12.15.3 PRODUCTS OFFERINGS
- 12.15.4 KEY DEVELOPMENTS
- 12.15.5 SWOT ANALYSIS
- 12.15.6 KEY STRATEGY
12.16 BAOJI SEABIRD METALS MATERIALS CO., LTD.
- 12.16.1 COMPANY OVERVIEW
- 12.16.2 FINANCIAL OVERVIEW
- 12.16.3 PRODUCTS OFFERINGS
- 12.16.4 KEY DEVELOPMENTS
- 12.16.5 SWOT ANALYSIS
- 12.16.6 KEY STRATEGY
12.17 BAOJI TITANIUM INDUSTRY CO., LTD
- 12.17.1 COMPANY OVERVIEW
- 12.17.2 FINANCIAL OVERVIEW
- 12.17.3 PRODUCTS OFFERINGS
- 12.17.4 KEY DEVELOPMENTS
- 12.17.5 SWOT ANALYSIS
- 12.17.6 KEY STRATEGY
12.18 XSMA, INC
- 12.18.1 COMPANY OVERVIEW
- 12.18.2 FINANCIAL OVERVIEW
- 12.18.3 PRODUCTS OFFERINGS
- 12.18.4 KEY DEVELOPMENTS
- 12.18.5 SWOT ANALYSIS
- 12.18.6 KEY STRATEGY

13 CONCLUSION

13.1 KEY FINDINGS
- 13.1.1 ANALYST PERSPECTIVE
- 13.1.2 KEY COMPANIES TO WATCH