Shape Memory Alloy (SMA) Market by Application, Type, and Geography - Forecast and Analysis 2023-2027

Published: Nov 2022 Pages: 168 SKU: IRTNTR40541

The Global Shape Memory Alloy (SMA) Market size is estimated to grow by USD 2,142.28 million and the size of the market is forecast to increase at a CAGR of 9.84%  between 2022 and 2027. The growth of the market depends on several factors, including the biocompatibility of nitinol, growing application areas of shape memory alloys, and increasing use by R&D institutions in aerospace and defense, and consumer products.

This report extensively covers market segmentation by application (biomedical, automotive, A&D, and others), type (nickel-titanium, copper-based, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Shape Memory Alloy (SMA) Market During the Forecast Period?

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Shape Memory Alloy (SMA) Market: Key Drivers, Trends, Challenges

Key Shape Memory Alloy (SMA) Market Driver

The increasing use by R&D institutions in aerospace and defense and consumer products is notably driving the shape memory alloy market growth. The market is in its nascent stage as not many potential applications of shape memory alloys have been commercialized, but R&D institutions in the aerospace and defense and consumer goods industries are investing heavily to explore the possibility of commercialization of shape memory alloys.

For instance, NASA has been exploring the possibility of using shape memory alloys to develop tires for its rover on Mars. It has already developed and tested these tires. The super elasticity of a shape memory alloy would reduce the possibility of permanent deformation on the rugged surface of Mars. NASA has also successfully tested a flight that can adjust the span of its wings using shape memory alloy actuators. This test flight was conducted to assess the improvement in the aerodynamics of the test flight when wings are folded during flight. Similarly, R&D labs in biomedical and automotive industries are also purchasing shape memory alloys to explore use in new products. This is leading to the increased purchase of shape memory alloys and driving market growth.

Significant Shape Memory Alloy (SMA) Market Trend

The development of tires with shape memory alloy is a primary trend in the shape memory alloy market. The National Aeronautics and Space Administration (NASA) has developed tires meant for the rover destined for the Mars by using shape memory alloys. According to NASA, this tire traverses the rugged surface of Mars without getting damaged. This development was in response to the damage caused to NASA's Curiosity Rover by the surface of Mars. 

Shape memory alloys can undergo up to 30 times deformation before finally breaking. This has led to the NASA developing and testing the proposal of shape memory alloy tires for its 2020 Mars mission. NASA opines that in the future there can be commercial use of shape memory alloy tires on Earth. They can find applications in rovers meant for wildlife and geological surveys. Under-inflation of truck tires leads to several thousand dollars, per year, in additional fuel costs because of loss of friction. This can be solved by using shape memory alloy tires, which eliminate the effect of inflation over fuel efficiency. Therefore, this trend may become a driver for the global SMA market in the future.

Major Shape Memory Alloy (SMA) Challenge

Costs associated with regulatory requirements are the major challenge impeding the shape memory alloy market growth. Biomedical devices account for the majority of consumption of shape memory alloys in the global shape memory alloy (SMA) market. Healthcare in general and biomedical applications in particular require approval from authorities concerned for every single component. Different jurisdictions require different certifications.

For example, FDA approval is mandatory for a shape memory alloy stent before medical use. Similarly, the CE mark is required for shape memory alloy stents sold in the European Market. The cost and time involved in these certifications are high. Moreover, the sensitive nature of medical devices requires the approval of Nitinol for every single application. Similarly, actuators used in the automotive industry also need to go through multiple failure tests to prove usability, which elongates the product development lifecycle and increases the cost. These regulations hinder new product development and challenge the growth of the SMA market.

Shape Memory Alloy (SMA) Market Segmentation by Application, Type, Geography

Application Analysis

Based on application, the market is segmented into biomedical, automotive, A&D, and others. The market share growth of the biomedical segment will be significant during the forecast period. The growth of the market for application in the biomedical industry is driven by the increasing use of Nitinol in biomedical. Nitinol is used in a variety of implantable medical devices due to its super elasticity and biocompatibility. The global medical devices market is growing strongly because of improving economic conditions, especially in developed countries and a growing population of people of age above 65 years. With the increasing global population, the incidences of cardiovascular, orthopedic, and dental complications are also increasing. This, coupled with technological advances and increasing healthcare expenditure, is leading to a demand for medical devices such as a stent, bone staples, and orthodontic clips. 

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There is also an increasing trend of medical implant surgeries that cause much less physical trauma to the patient and reduce the risk of infection. Medical implant surgeries are performed by doctors by making small incisions. Then doctors insert a thin tube, which has a video camera and channel for surgical instruments so that doctors can perform the procedure. These tubes need to have super elasticity to ensure minimum permanent deformation despite large mechanical strain. This makes Nitinol one of the best materials for medical implant surgeries. Therefore, the biocompatibility, SME, and superelasticity of Nitinol and the growing demand for implantable medical devices and medical implant surgeries will drive the growth of the market during the forecast period.

Type Analysis 

Based on the type segment Nickel-titanium is leading the SMA market growth. Nickel-titanium is an essential raw material that accounts for a significant portion of the structural weight of many military airframes. Industrial use of titanium is gaining popularity, specifically in seawater applications. Titanium, with its intrinsic corrosion resistance and high density, is rapidly gaining favor in seawater service over copper nickel. As compared with copper-nickel, titanium is considered more economical due to its weight and space considerations on floating production systems. For industrial processes requiring high temperatures and corrosion resistance and/or pressures, titanium-clad construction is often a cost-effective solution. It wields a layer of corrosion-resistant titanium alloy to a sheet of steel for pressure control, providing a more durable, and reliable alternative to non-metallic linings.

Regional Analysis

North America is projected to account for 35% of the global market share growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The medical devices industry in the US invests more than one-fifteenth of its revenue in R&D activities, which leads to product innovation, including the use of advanced materials. The US is also a world leader in terms of the export of medical devices. According to the US Department of Commerce, the US exported USD 43 billion worth of medical devices in 2018, which consisted of instruments or machines used in the prevention, diagnosis, or treatment of illness or disease for detecting, measuring, restoring, correcting, or modifying the structure or function of the body for health improvement. Similarly, the US is the biggest aerospace and defense market in the world due to the presence of institutions and corporations such as NASA, Boeing, and Lockheed Martin. These institutions are leaders in their respective fields and invest significantly in discovering potential uses of advanced materials, including shape memory alloys, to improve the performance of their products. These significant investments will drive segment growth in the region.

Covid-19 Recovery Analysis

The implementation of vaccination drives in 2021 resulted in the removal of lockdown restrictions in North America. That, in turn, helped in the resumption of business operations in end-user industries, including aerospace, construction, and automobile, which will further enhance the growth of the market in North America during the forecast period.

Key Shape Memory Alloy (SMA) Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Shape Memory Alloy Market Customer Landscape

Who are the Major Shape Memory Alloy (SMA) Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the SMA market.

Allegheny Technologies -  The company offers to shape memory alloys such as Niti Alloys, Hafnium, Tantalum, Zirconium, Tungsten, Titanium, etc. Through this segment, the company also offers nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms including plate, sheet, and PRS products. Additionally, Through the high-performance material and component segment, the company offers a wide range of high-performance specialty materials, parts, and components for several major end markets, including the aerospace and defense, medical, and energy markets. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Allegheny Technologies Inc.
  • Boston Centerless Inc.
  • Confluent Medical Technologies
  • DYNALLOY Inc
  • EUROFLEX GmbH
  • Fort Wayne Metals Research Products Corp.
  • Furukawa Electric Co. Ltd.
  • Hangzhou Ualloy Material Co. Ltd.
  • Johnson Matthey Plc
  • LB Officine Meccaniche Spa
  • M & T (Taiwan) Co. Ltd.
  • Metalwerks Inc.
  • Nanoshel LLC
  • Nippon Seisen Co. Ltd.
  • Nippon Steel Corp.
  • Precision Castparts Corp.
  • ResearchGate GmbH
  • SAES GETTERS Spa
  • Sea Bird Scientific

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Biomedical
    • Automotive
    • A&D
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Nickel-titanium
    • Small and Medium Enterprise
    • Copper-based
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Shape Memory Alloy Market Scope

Report Coverage

Details

Page number

168

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.84%

Market growth 2023-2027

USD 2,142.28 million

Market structure

Fragmented

YoY growth 2022-2023(%)

9.18

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Allegheny Technologies Inc., Boston Centerless Inc., Confluent Medical Technologies, DYNALLOY Inc, EUROFLEX GmbH, Fort Wayne Metals Research Products Corp., Furukawa Electric Co. Ltd., Hangzhou Ualloy Material Co. Ltd., Johnson Matthey Plc, LB Officine Meccaniche Spa, M & T (Taiwan) Co. Ltd., Metalwerks Inc., Nanoshel LLC, Nippon Seisen Co. Ltd., Nippon Steel Corp., Precision Castparts Corp., ResearchGate GmbH, SAES GETTERS Spa, and Sea Bird Scientific

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Shape Memory Alloy Market Report?

  • CAGR of the SMA market during the forecast period
  • Detailed information on factors that will drive the growth of the shape memory alloy (SMA) market  between 2023 and 2027
  • Precise estimation of the shape memory alloy market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, APAC, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of shape memory alloy market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global Shape Memory Alloy Market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global Shape Memory Alloy Market 2017 - 2021 ($ million)
    • 4.2 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Type Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Biomedical - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Biomedical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Biomedical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Biomedical - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Biomedical - Year-over-year growth 2022-2027 (%)
    • 6.4 Automotive - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 6.5 A and D - Market size and forecast 2022-2027
      • Exhibit 42: Chart on A and D - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on A and D - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on A and D - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on A and D - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 51: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 53: Chart on Comparison by Type
      • Exhibit 54: Data Table on Comparison by Type
    • 7.3 Nickel-titanium - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Nickel-titanium - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Nickel-titanium - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Nickel-titanium - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Nickel-titanium - Year-over-year growth 2022-2027 (%)
    • 7.4 Copper-based - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Copper-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Copper-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Copper-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Copper-based - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 67: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 Allegheny Technologies Inc.
              • Exhibit 120: Allegheny Technologies Inc. - Overview
              • Exhibit 121: Allegheny Technologies Inc. - Business segments
              • Exhibit 122: Allegheny Technologies Inc. - Key news
              • Exhibit 123: Allegheny Technologies Inc. - Key offerings
              • Exhibit 124: Allegheny Technologies Inc. - Segment focus
            • 12.4 Boston Centerless Inc.
              • Exhibit 125: Boston Centerless Inc. - Overview
              • Exhibit 126: Boston Centerless Inc. - Product / Service
              • Exhibit 127: Boston Centerless Inc. - Key news
              • Exhibit 128: Boston Centerless Inc. - Key offerings
            • 12.5 Confluent Medical Technologies
              • Exhibit 129: Confluent Medical Technologies - Overview
              • Exhibit 130: Confluent Medical Technologies - Product / Service
              • Exhibit 131: Confluent Medical Technologies - Key news
              • Exhibit 132: Confluent Medical Technologies - Key offerings
            • 12.6 DYNALLOY Inc
              • Exhibit 133: DYNALLOY Inc - Overview
              • Exhibit 134: DYNALLOY Inc - Product / Service
              • Exhibit 135: DYNALLOY Inc - Key offerings
            • 12.7 EUROFLEX GmbH
              • Exhibit 136: EUROFLEX GmbH - Overview
              • Exhibit 137: EUROFLEX GmbH - Product / Service
              • Exhibit 138: EUROFLEX GmbH - Key offerings
            • 12.8 Fort Wayne Metals Research Products Corp.
              • Exhibit 139: Fort Wayne Metals Research Products Corp. - Overview
              • Exhibit 140: Fort Wayne Metals Research Products Corp. - Product / Service
              • Exhibit 141: Fort Wayne Metals Research Products Corp. - Key offerings
            • 12.9 Furukawa Electric Co. Ltd.
              • Exhibit 142: Furukawa Electric Co. Ltd. - Overview
              • Exhibit 143: Furukawa Electric Co. Ltd. - Business segments
              • Exhibit 144: Furukawa Electric Co. Ltd. - Key news
              • Exhibit 145: Furukawa Electric Co. Ltd. - Key offerings
              • Exhibit 146: Furukawa Electric Co. Ltd. - Segment focus
            • 12.10 Hangzhou Ualloy Material Co. Ltd.
              • Exhibit 147: Hangzhou Ualloy Material Co. Ltd. - Overview
              • Exhibit 148: Hangzhou Ualloy Material Co. Ltd. - Product / Service
              • Exhibit 149: Hangzhou Ualloy Material Co. Ltd. - Key offerings
            • 12.11 Johnson Matthey Plc
              • Exhibit 150: Johnson Matthey Plc - Overview
              • Exhibit 151: Johnson Matthey Plc - Business segments
              • Exhibit 152: Johnson Matthey Plc - Key offerings
              • Exhibit 153: Johnson Matthey Plc - Segment focus
            • 12.12 LB Officine Meccaniche Spa
              • Exhibit 154: LB Officine Meccaniche Spa - Overview
              • Exhibit 155: LB Officine Meccaniche Spa - Business segments
              • Exhibit 156: LB Officine Meccaniche Spa - Key news
              • Exhibit 157: LB Officine Meccaniche Spa - Key offerings
              • Exhibit 158: LB Officine Meccaniche Spa - Segment focus
            • 12.13 M T (Taiwan) Co. Ltd.
              • Exhibit 159: M T (Taiwan) Co. Ltd. - Overview
              • Exhibit 160: M T (Taiwan) Co. Ltd. - Product / Service
              • Exhibit 161: M T (Taiwan) Co. Ltd. - Key offerings
            • 12.14 Metalwerks Inc.
              • Exhibit 162: Metalwerks Inc. - Overview
              • Exhibit 163: Metalwerks Inc. - Product / Service
              • Exhibit 164: Metalwerks Inc. - Key offerings
            • 12.15 Nanoshel LLC
              • Exhibit 165: Nanoshel LLC - Overview
              • Exhibit 166: Nanoshel LLC - Product / Service
              • Exhibit 167: Nanoshel LLC - Key offerings
            • 12.16 Nippon Seisen Co. Ltd.
              • Exhibit 168: Nippon Seisen Co. Ltd. - Overview
              • Exhibit 169: Nippon Seisen Co. Ltd. - Product / Service
              • Exhibit 170: Nippon Seisen Co. Ltd. - Key offerings
            • 12.17 ResearchGate GmbH
              • Exhibit 171: ResearchGate GmbH - Overview
              • Exhibit 172: ResearchGate GmbH - Product / Service
              • Exhibit 173: ResearchGate GmbH - Key news
              • Exhibit 174: ResearchGate GmbH - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 175: Inclusions checklist
                • Exhibit 176: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 177: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 178: Research methodology
                • Exhibit 179: Validation techniques employed for market sizing
                • Exhibit 180: Information sources
              • 13.5 List of abbreviations
                • Exhibit 181: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

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              Key Questions Answered

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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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