Superplastic Alloys Market Analysis

Substrate Material (Aluminum Alloy, Aluminum Metal Matrix Composites, Nickel Based Alloys, Iron Based Alloys, Magnesium Based Alloys, Titanium Alloys)

The aluminum alloy segment is predicted to hold 30% share of the global superplastic alloys market by 2036. The major factor to dominate the segment expansion is rising construction activities. In 2016, there were projected to be 794,431 built-up areas (BUAs) around the world. This figure is expected to rise to about 849,406 people by 2022. Moreover, by 2050, it's anticipated that 2 million new buildings will be built. Hence, the demand for aluminum alloy is also surging since it is used in developing the lining of buildings. Also, these alloys have the best corrosion resistivity properties. As a result, they are most preferred in the construction sector. Moreover, aluminum alloys that have been superplastically formed, or SPF, are capable of being heated to many times their original size without breaking. As a result of their exceptional flexibility, components can be shaped into the desired shape using specialized forming equipment that applies air pressure and/or tool movement.

Superplasticity Mechanism (Microstructural, Dynamic)

The microstructural segment in the superplastic alloys market is poised to garner largest revenue share of about 60% over the forecast period. Microstructural is considered to be the most significant process for the production of superplastic alloy since it could go through deformation at high temperatures. Hence, its application is also growing in the medical sector since it is required to molded in unique shapes and sizes. Further, it has also been rigorously used in manufacturing various consumer electronics which includes wearable devices, smartphones, headphones, and more since these devices need to carry low weight and durability.

Our in-depth analysis of the global superplastic alloys market includes the following segments: