Master Alloys Market – What’s New Trending For 2018 – 2023?

Pune, India, 11th October 2018: WiseGuyReports announced addition of new report, titled “Global Master Alloys Market Research Report - Forecast to 2023”.

Pune, India - October 11, 2018 /MarketersMedia/ —

Master alloys can be defined as a combination of two or more alloys and are mainly used in the production of metals as an alloying element which enhances the heat and corrosion resistance properties along with other physical properties of the metals. Some of the examples of master alloys include molybdenum-aluminum-titanium (MoAlTi) and vanadium-aluminum-iron (VAlFe). The titanium alloy industry alone uses more than 40 master alloys. The titanium industry is the largest consumer of master alloys and accounts for over 40% of the market share. Hence, the demand for master alloys is proportional to the growth of the titanium industry.

GET SAMPLE REPORT @ https://www.wiseguyreports.com/sample-request/3381098-global-master-alloys-market-research-report-forecast-to-2023

The master alloys market is expected to grow at a CAGR of 6.5% during the forecast period in terms of value. The increasing demand for titanium alloys in an array of industries is driving the growth of the global master alloys market. Titanium alloy, a high-performance material, is gaining more traction in the aerospace industry due to its superior mechanical properties. As a result of the changing designs of civil aircraft, the consumption of titanium alloys per aircraft is increasing rapidly. Master alloys being an integral part of titanium alloy manufacturing, and the prevailing trend of titanium alloys in aircraft manufacturing is likely to drive the growth of the global master alloys market.
However, the fragmentation of the market, resulting in declining margins and the sluggish growth of the steel industry, might hamper the growth of the global master alloys market.

Regional Analysis
The master alloys market has been analyzed with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific accounted for the largest share in 2017 and is expected to grow at a healthy CAGR of 8.3% during the review period. The increasing demand from the application industries such as automotive, aircraft component, aluminum, and consumer goods in Asia-Pacific is projected to boost market growth.
North America was the second-largest regional market; the North American market is expected to reach USD 91.4 million by 2023 at a moderate CAGR during the review period. The European market is expected trail the North American market, with the demand for master alloys attributable to the adoption of lightweight materials in the automotive and aerospace industries.
The markets in Latin America and the Middle East & Africa are expected to witness considerable growth as a result of the growing aerospace and automotive industries in the regions.

Segmentation
The global master alloys market has been categorized on the basis of type, application, and region. Based on type, the market has been segmented into aluminum master alloys, copper master alloys, vanadium alloys, molybdenum alloys, chromium alloys, and others. The aluminum master alloys segment accounted for the largest market share and is expected to reach USD 205.9 million by 2023. Product demand can be attributed to its use in an array of industries from automotive to consumer goods, owing to its low cost and compatibility with base metals, coupled with its superior properties such as light weight and corrosion resistance.
Based on application, the market has been segmented into titanium production, superalloys, aluminum industry, stainless steel, iron, metal anhydride alloys, powder metallurgical, and others. The titanium production segment accounted for the largest market share and is likely to reach USD 205.6 million by 2024 due to the increasing demand for titanium alloys in the aerospace, automotive, and sports and leisure industries.
Based on region, the market has been segmented into Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players
Some of the key players operating in the global master alloys market are Advanced Metallurgical Group, N.V. (Netherlands), KBM Affilips (Netherlands), Milward Alloys, Inc. (U.S.), Asturiana de Aleaciones, S.A. (Spain), Reading Alloys (AMETEK Inc.) (U.S.), Minex Metallurgical Co. Ltd. (India), Alumetal S.A (Poland), CERAFLUX INDIA PVT.LTD. (India), Axayya Alloys Pvt. Ltd. (India), and Belmont Metals, Inc. (U.S.).

Key Findings
• The global master alloys market is projected to reach USD 441.2 million by 2024 at a healthy CAGR during the forecast period.
• The aluminum master alloys segment accounted for the largest share of the master alloys market, by type, accounting for a market share, by value, of over 40% in 2017.
• The titanium production application segment accounted for the largest market share and is expected to register a CAGR of ~8.0% during the forecast period.
• Asia-Pacific is expected to be the largest and fastest-growing market, accounting for over a 40% value share of the global master alloys market in 2017.

Intended Audience
• Master alloys manufacturers
• Traders and distributors of master alloys
• Production process industries
• Potential investors
• Raw material suppliers

DC Description
• Titanium
• Alloys
• Metallurgy
• Stainless steel

Table of Content: Key Points
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Master Alloys Market, by Type
7 Global Master Alloys Market, by Application
8 Global Master Alloys Market, by Region
…Continued

ACCESS REPORT @ https://www.wiseguyreports.com/reports/3381098-global-master-alloys-market-research-report-forecast-to-2023

Get in touch:
LinkedIn: www.linkedin.com/company/4828928
Twitter: https://twitter.com/WiseGuyReports
Facebook: https://www.facebook.com/Wiseguyreports-1009007869213183/?fref=ts

Contact Info:
Name: Norah Trent
Email: sales@wiseguyreports.com
Organization: WISE GUY RESEARCH CONSULTANTS PVT LTD
Address: Office No. 528, Amanora Chambers, Magarpatta Road, Hadapsar,
Phone: +44 208 133 9349

Source URL: https://marketersmedia.com/master-alloys-market-whats-new-trending-for-2018-2023/421762

For more information, please visit http://Office%20No.%20528,%20Amanora%20Chambers

Source: MarketersMedia

Release ID: 421762

Latest News

Ukraine OKs property law that could affect 12,000 churches

Jan 17, 2019

MINSK, Belarus — Ukraine's parliament has adopted a bill spelling out procedures for transferring church property after a new unified Ukrainian church was granted independence. The Ecumenical Patriarch of Constantinople earlier this month granted independence to a new Ukrainian Orthodox Church, formally severing its centuries-long ties with the Russian Orthodox Church. The Ukrainian parliament Thursday voted for a bill that spells out the procedures for transferring church property if a parish decides to join a new church. The bill has yet to be signed by the president. The bill could potentially affect some 12,000 churches in Ukraine and vast amounts...

Famed Naples pizzeria latest target of bombs linked to mob

Jan 17, 2019

ROME — A popular Naples pizzeria is the latest target of bombings in the area which Italian authorities have linked to mobsters. A small blast outside Pizzeria Sorbillo in the city's historic center early Wednesday damaged the eatery's metal grating. The ANSA news agency said eight bombs have targeted Naples-area businesses in recent days. Last month, a pizzeria was bombed in the nearby town of Afragola. The attacks are under investigation. Chamber of Deputy President Roberto Fico, a Neapolitan, decried "vile" intimidation attacks by the Camorra, the Naples-area crime syndicate. Gino Sorbillo's pizzeria, which was torched five years ago, draws...

Suspect in Brussels Jewish museum attack refuses to testify

Jan 17, 2019

BRUSSELS — A French citizen charged with "terrorist murder" for the slayings of four people at a Jewish museum in Belgium refused to testify at his trial Tuesday, saying he didn't commit the killings but the court had barred witnesses who could have spoken on his behalf. Mehdi Nemmouche, 33, is accused of carrying out one of the first attacks by an alleged extremist who returned to Europe after fighting in the Mideast. Defense lawyers claim Israeli intelligence agents opened fire at the museum in a targeted killing. Nemmouche is charged with gunning down an Israeli couple and two museum...

Milan designers send signal with feminine touch on menswear

Jan 17, 2019

MILAN — Milan menswear designers are sending clear signals for next fall and winter: Feminine touches are not only acceptable, they are necessary. During three days of Milan Fashion Week previews focused on menswear, collections featured shiny and sheer textiles, sequined garments, lace and scoop necks. The trend to feminize the male wardrobe could be interpreted as encouragement for getting in touch with a female side or as an explicit sign of solidarity after a year when the sexual harassment and assault of women became a global theme. Some highlights from the final day of shows in Milan on Monday,...

Prada eyes strong military silhouette, with whimsy

Jan 17, 2019

MILAN — Nowhere is the transition in the fashion world more evident than during the menswear preview shows in Milan taking place on the second of three days Sunday. Only in Milan does three days make for a Fashion Week; the Paris menswear calendar claims a full six days. Designers cite a breakdown of fashion world rules. A strict four-week-a-year cycle once guided fashion capitals, covering menswear and womenswear and the spring/summer fall/winter calendars. Now, designers are deciding to invest elsewhere to grab consumer attention. Gucci and Giorgio Armani are both skipping the menswear cycle for next winter in Milan...

Sign up now!

The Healthier Web delivers accurate and up-to-date health information through medical content and insights from experts. Feel the ‘ohm’ here in The Healthier Web.

Contact us: sales[at]thehealthierweb.com