25 June 2019
Visiongain has launched a new report Corrosion Resistant Alloy Market 2019-2029: Global Forecasts by Spending ($M) and Quantity (kt) for Alloy Type (Iron-Based, Nickel-Based, Cobalt-Based and Other Alloy), by Application (Oil and Gas, Transportation, Aerospace & Defence, Energy and Industrial). Plus, Analysis of Leading.
The market for corrosion resistant alloys is driven by the increasing demand from its end user industries such as oil & gas, transportation and aerospace & defence. As these markets continue to grow, so will the need for corrosion resistant alloys as the materials used in these sectors are subjected to extremely harsh conditions and need to be able to stand the test of time. Due to the nature of these alloys and the industries in which they are primarily used, they often receive large amounts of government support and is driving the sector forward.
The Visiongain report analyst commented "The corrosion resistant alloys market is likely to witness decent growth over the forecasted period as the sectors which use it most continue to grow and will continue to require materials for their operations. Although Trump’s trade war with China will affect this market somewhat, corrosion resistant alloys will always be required in the energy and aerospace markets due to the unsuitability of other materials for these industries."
Leading companies featured in the report who are involved in the manufacture or use of corrosion resistant alooys are; Carpenter Technology Corporation, Vdm Metals, Eramet, Advanced Metallurgical Group, Special Metal Corporation, Nippon Steel Sumitomo Metal Corporation, Nippon Yakin Kogyo Co, Hitachi Metals, Haynes International and Corrosion Resistant Alloys LP
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