Dublin, January 04, 2021 (GLOBE NEWSWIRE) – Added Report “Alloys Resistant Corrosion – Global Market Trajectory & Analytics” ResearchAndMarkets.com’s offering.
The publisher will bring years of research experience to the 6th edition of this report. The 291-page report provides accurate insights into how the pandemic affected production and the purchasing side for 2020 and 2021. Short-term gradual recovery is also addressed with a key round -experience.
Global Corrosion Resistant Alloys Market to reach $ 9.5 billion by 2027
Amid the COVID-19 crisis, the global market for Corrosion Resistant Alloys is expected to reach US $ 6.4 Billion in the year 2020, a revised volume of US $ 9.5 Billion by 2027, growing at a CAGR of 5.8 % over the 2020 -2027 analysis period.
Iron-based Alloys, one of the sectors examined in the report, is expected to record a CAGR of 4.9% and reach US $ 787.4 Million by the end of the study period. Following an early study of the industrial impacts of the pandemic and the economic crisis it has caused, growth in the Nickel-based Alloys sector has read to a revised 6% CAGR for the next 7-years.
The US Market is estimated at $ 1.7 Billion, while China is expected to grow at 8.9% CAGR
The US Alloys Resistant Corrosion market is estimated at US $ 1.7 Billion in the year 2020. China, the second largest economy in the world, is expected to reach a projected market size of US $ 2 Billion by the year 2027 slows a CAGR of 8.9% over the analysis period 2020 to 2027. Other geographic markets include Japan and Canada, all expected to grow at 3.2% and 5.2% respectively over the year. period 2020-2027. Within Europe, Germany is expected to grow at around 3.7% CAGR.
Cobalt-based Allo particles to record 5.4% CAGR
In the global segment of Cobalt-based Alloys, the US, Canada, Japan, China and Europe manage the 5% CAGR calculated for this sector. Those regional markets that account for a unified market size of US $ 570.7 Million in the year 2020 will reach a projected size of US $ 800.6 Million by the end of the study period. China will remain among the fastest growing in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US $ 1.3 Billion by the year 2027, while Latin America will expand at a CAGR of 6.5% during the study period.
Competitors identified in this market include, but are not limited to:
- Advanced Metallurgical Group NV
- Carpenter Technology Corporation
- Corrosion resistant alloys, LP
- Eramet Group
- Haynes International, Inc.
- Nippon Steel & Sumitomo Metal Corp
- Nippon Yakin Kogyo Co., Ltd.
- Special Metals Corporation
- Metals VDM GmbH
Key topics covered:
I. INTRODUCTION, METHODOLOGY & SCOPE OF REPORT
II. SUMMARY
1. MARKET OVERVIEW
- Global competitive market shares
- Alloys Corrosion Worldwide Competitive Market Share Competition Position (in%): 2019 & 2025
- Covid-19 impact and global economic downturn
2. A WORD ON SELECT PLANS
3. MARKET RESULTS & DIFFERENCES
4. GLOBAL MARKET VIEW
III. MARKET ANALYSIS
IV. TABLE
- Total Companies with Profile: 42
For more information on this report, visit https://www.researchandmarkets.com/r/f9g6l7
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