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.
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