Report Highlights
The global market for shape memory alloys should grow from $14.4 billion in 2020 to $26.0 billion by 2025, at a compound annual growth rate (CAGR) of 12.6% for the period of 2020-2025.
Report Includes
- 161 data tables 4 additional tables
- An overview of the global market for shape memory alloys
- Estimation of the market size and analyses of global market trends with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Market share analysis of shape memory alloys by material, application and major geographical regions covering North America, Europe, APAC and Rest of the World
- Detailed analysis of the current market trends, market forecast, drivers, challenges, and opportunities affecting market growth and discussion of technological, regulatory, and competitive elements as well as economic trends that are affecting the future marketplace
- Company profiles of major players including, Advanced Technology & Materials Co. Ltd., Dynalloy Inc., Furukawa Co. Ltd., Johnson Matthey Inc., Nippon Seisen Co. Ltd., and Saes Getters Group
Scope of Report
This report forecasts the size of the market in current U.S. dollars for SMA materials, in value terms from 2019 through 2025. It estimates and forecasts the market size or output, classified based on material type, end use and region. Material types include nitinol alloys, copper-based alloys and iron-based alloys. End uses include biomedical, aerospace & defense, consumer electronics & home appliances, automotive, and machinery & robotics industries. This report also describes the technological advances taking place in the SMA arena and lists key industry players.
Analyst Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fiber, textile and energy industries for 18 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. Currently he is the chief scientist of a company endeavoring to reduce China's air and water pollution. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Related Reports
Biodegradable Polymers: Global Markets and Technologies
The global market volumes of biodegradable polymers is expected to grow from 1,286.0 kilotons in 2023 and is projected to reach 4,140.0 kilotons by the end of 2028, at a compound annual growth rate (CAGR) of 26.3% during the forecast period of 2023 to 2028.
Global Market for Plastics Compounding
The global market for plastic compounding is estimated to increase from $57.8 billion in 2023 to reach $80.3 billion by 2029, at a compound annual growth rate (CAGR) of 5.8% from 2024 through 2029.
Global Metal Glass Market
The global metal glass market volume should reach 341.6 thousand tons by 2026 from 249.9 thousand tons in 2021 at a compound annual growth rate (CAGR) of 6.4% for the forecast period of 2021 to 2026.
Rigid Transparent Plastics: Global Markets Outside North America
The global market for rigid transparent plastics will grow from $16.5 billion in 2016 to nearly $21.4 billion by 2021 with a compound annual growth rate (CAGR) of 5.3% for the period of 2016-2021.
Recent Reports
Global Aircraft Recycling Market
The global market for aircraft recycling is expected to grow from $4.7 billion in 2023 and projected to reach $9.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 15.8% during the forecast period of 2023-2028.
Global Recycled Concrete Market
The global market for recycled concrete is expected to grow from $11.1 billion in 2023 and is projected to reach $17.4 billion by the end of 2028, at a compound annual growth rate (CAGR) of 9.3% during the forecast period of 2023 to 2028.
Global Bio-based Leather Market
The global market for bio-based leather is estimated to increase from $668.6 million in 2023 to reach $902.4 million by 2028, at a compound annual growth rate (CAGR) of 6.2% from 2023 through 2028.
Global Textile Recycling Market
The global market for textile recycling is expected to increase from $8.0 billion in 2023 to $11.1 billion by the end of 2028, with a compound annual growth rate (CAGR) of 7.0% during the forecast period of 2023-2028.
Global 3D Printing High-Performance Plastics Market
The report provides an overview of the global 3D printing high-performance plastics market and its related segment. The report has been segmented based on type, technology, end-user, and region. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. The report examines the current trends, market drivers, and challenges within the 3D printing high-performance plastics market.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More