Superalloys Market 2020 - 2024: Post-Pandemic Industry Planning Structure| Technavio

·4 min read

Shape strategic responses through the phases of industry recovery.

Heraeus Holding GmbH, IHI Corp., Nippon Yakin Kogyo Co. Ltd., and VDM Metals International GmbH. will emerge as major superalloys market participants during 2020-2024.

The superalloys market is expected to grow by USD 2.65 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the superalloys market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Superalloys Market 2020-2024 (Graphic: Business Wire)

The superalloys market will witness Negative and Inferior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.

Enterprises will go through Respond, Recover and Renew phases. Download free report sample

As the COVID-19 pandemic continues to spread, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.

  • Build Resilience by making effective resource and investment choices for individual business units, products and service lines.

  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior

  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds

  • Pre- as well as post-COVID-19 market estimates

  • Quarterly impact analysis and updates on market estimates

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Major Three Superalloys Market Participants:

Heraeus Holding GmbH

Heraeus Holding GmbH operates its business under a unified segment. The company offers various medical technologies, quartz glass, sensors, and specialty light sources for the environment, energy, health, mobility, and industrial applications.

IHI Corp.

IHI Corp. operates its business under five segments, which include resources, energy and environment, social infrastructure and offshore facility, industrial system and general purpose machinery, aero engine, space and defense, and others. The company offers superalloy ingots for manufacturing cast turbine blades, which are used in aviation engines, industrial gas turbines, and vehicle superchargers.

Nippon Yakin Kogyo Co. Ltd.

Nippon Yakin Kogyo Co. Ltd. has business operations under a unified segment. The company offers non-magnetic high-performance alloys, which features high corrosion resistance, heat resistance, and high strength.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: superalloys market-industry-analysis

Superalloys Market 2020-2024: Segmentation

Superalloys is segmented as below:

  • Product

    • Nickel-based

    • Cobalt-based

    • Iron-based

  • Geography

    • North America

    • Europe

    • APAC

    • MEA

    • South America

The superalloys market is driven by the superior properties of superalloys. In addition, other factors such as high demand for superalloys in the aerospace and power industries are expected to trigger the superalloys market toward witnessing a CAGR of over 8% during the forecast period.

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Competitive scenario

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