The High Performance Alloys Market has varied applications such as aerospace, industrial, automotive, oil & gas, electronics & electrical, and others. The aerospace segment accounted for around 54% of the global high performance alloys market in 2014. The industrial segment is expected to grow due to increase in demand from emerging economies. The automotive segment is also one of the major end users of the high performance alloys market and is expected to witness considerable growth.
The increase in demand for innovative and sustainable metals that are lightweight, corrosion resistant with good strength has led to the growth of the high performance alloys market. Growing demand for value-added products has resulted in the increase in the demand for high performance alloys. The growing preference for high performance alloys is also due to sustainable and innovative smelting, mining, mineral recovery, and recycling technology that the industry instills in its production methods, which is expected to drive this market.
The market for high performance alloys is observed to be ever increasing in developing economies such as the Asia-Pacific region. The reason behind this is the increased industrialization and improved standard of living in this region. The Asia-Pacific market for high performance alloys is projected to grow at the highest CAGR of 5.15% during the forecast period, in terms of value. It accounted for a market share of 19% in 2014. The North American region accounted for the largest market share for high performance alloys from 2015 to 2020. The global market for high performance alloys is projected to grow at a CAGR of 4.34% from 2015 to 2020 and is projected to reach USD 9,698.35 Million by 2020.

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Objective Of Report:
• To define, describe, and forecast the High Performance Alloys Market by Type, Element, Applications and Region
• To provide detailed information regarding major factors influencing the growth of the High Performance Alloys Market (drivers, restraints, opportunities, and industry-specific challenges)

Key Player Analysis:
The high performance alloys market is dominated by several large players such as Aperam SA (Luxembourg), Alcoa Inc. (U.S.), Allegheny Technologies Incorporated (U.S.), Carpenter Technology (U.S.), Haynes International Inc. (U.S.), Hitachi Metals Ltd. (Japan), Outokumpu (Finland), Precision Castparts Corporation (U.S.), Timken Company (U.S.), and VSMPO-AVISMA Corporation (Russia).

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Scope of Report:
This report estimates the market size of the global high performance alloys market in terms of value (USD million). In this report, the market is segmented based on product type, alloy type, alloying element, application, and region. Market drivers, restraints, challenges, and opportunities are discussed in detail. The global high performance alloys market has grown exponentially in the last few years and this trend is expected to continue.

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