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According to IMARC Group, the global shape memory alloys market is expected to reach a value of US$ 12.1 Billion by 2025, exhibiting a CAGR of around 10% during 2020-2025.

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Global Shape Memory Alloys Market Information: by Type, by Application (superelastic, actuators, constrained recovery, frangible, vibration dampers, shock absorbers), by End Use industry and by Region – Forecast till 2023

Global Shape Memory Alloys Market Information: by Type (nickel titanium, Cu-Al-Ni, Cu-Zn-Al), by Application , by End Use industry and by Region – Forecast till 2023

Industry Insights by Type (Nitinol, Copper-Based, Iron-Manganese Silicon), by End-User (Biomedical, Aerospace & Defense, Automotive, Consumer Electronics & Home Appliances)

Shape memory alloys are a class of alloy which displays a thermal and mechanical memory effect. These are alloys that have memory.

Shape Memory Alloys Market 2018. Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2023

Shape Memory Alloys Market Latest Innovations, Drivers and Industry Key Events 2018-2023

Application of Shape Memory Alloys in safety devices such as anti-scalding and fire sprinklers is expected to boost the Shape Memory Alloys Market in the near future.