Source: MRFR Analysis

Regional Analysis
Geographically, the global shape memory alloys (SMA) market is segmented into five regions namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America emerged as the leading market in SMA in 2017 and is projected to witness a lucrative growth in the near future owing to rising consumption in numerous end-use industries such as biomedical, aircraft, spacecraft, and transport. Asia Pacific is predicted to hold ~25% share of the global market and is expected to reach around USD 2,998.3 million at a CAGR of 12.18% during the review period. In the Asia Pacific region, various countries such as Japan, India, and China are among the major contributor to the growth of the regional market due to continuously growing construction & housing, spacecraft, and transportation sector. China accounted for value of USD ~486.2 million in 2017 and is expected to reach USD 1,010.5 million by the end of the forecast period, 2017-2023 due to the steadily growing end-use industries.
Europe was the second largest shape memory alloys market across the globe in 2017, which is further trailed by Asia Pacific. European SMA market accounted for around 26.1% of the overall market share and is estimated to expand at a CAGR of 9.48% during the review period. In Europe, countries such as the U.K, France, Spain, and Germany are among the leading contributors to the regional market share due to rising automotive sector in this region. Germany was the major contributor the regional market, which accounted for around USD 408 million followed by the U.K due to robust manufacturing base of automotive and other transportation sector. Emerging economies of Latin America and the Middle East and Africa are expected to witness an above average growth due to rising consumer base for the healthcare and automotive industry coupled with the continuous growth in construction activities specifically in Turkey, Kuwait, and the UAE.

Segmentation
MRFR in its report has offered a segmental analysis of the market by type, application, end use industry, and region. Based on the type, the market is segmented into nickel titanium, Cu-Al-Ni, Cu-Zn-Al, and others. Based on the application, the SMA market is classified into superelastic, actuators, constrained recovery, frangibolt, vibration dampers, shock absorbers, and others. Based on the end-use industry, the market is classified into biomedical, aircraft, spacecraft, transport, electrical appliances, construction & housing, subsea, hot water supply, and others. Based on the region, the market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Key Players
Some of the key manufacturers operating in the global shape memory alloys market are 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.

Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K
o France
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
• Middle East & Africa
o Turkey
o UAE
o Saudi Arabia
o Rest of the Middle East & Africa

.
Key Findings
As per MRFR analysis, global shape memory alloys market is projected to reach USD ~11,079.1 million by the end of the forecast period at a CAGR of 10.79% during the assessment period.
By the type, nickel-titanium shape memory alloys accounted for around 43.27% share of the global market in 2017 at the highest CAGR of 11.44%.
Superelastic segment is estimated to hold around 33.86% share of the global market by registering significant growth at a CAGR of 12.18% during the forecast period.
The North America region accounted for about 33% share of the global market in 2017.
Intended Audience
• Shape Memory Alloys Market manufacturers
• Traders and distributors of Shape Memory Alloys Market
• Production process industries
• Potential investors
• Raw material suppliers
DC –Description
• Nitinol
• Memory metal
• Memory alloy
• Nitinol metal
• Muscle wire
• Flexinol wire
• Sma metal
• Machining Nitinol
• Alloys and compounds
• White metal alloy
• Heat memory
• Gold alloys

Table of Contents:

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
9.1 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
12.1 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

The post Global Shape Memory Alloys Market Research Report – Forecast to 2023 first appeared on CRI Report.