Aerospace & Defense Leads Global Superalloys Market to Touch about $10 Billion by 2026 - Industry Experts, Inc.
Industry Experts, Inc. published the global market research report on Superalloys. The new report entitled " Superalloys – A Global Market Overview " reveals that the Nickel-Based Superalloys represent the largest product segment estimated to account for about 50% of total market in 2019 while Cobalt-Based Superalloys market is expected to grow faster with a CAGR of 6.9% during the period 2019-2026. North America is the largest global market for superalloys, followed by Europe and Asia-Pacific. In terms of growth, however, demand for these materials in Asia-Pacific is likely to be the fastest growing due to rapid industrialization in the sectors where superalloys are deployed. Ongoing and future research efforts aimed at investigating and developing superalloys with even better properties would also propel the market. Aerospace & Defense is estimated the largest application of superalloys while the segment is also projected the fastest growing during the period 2019-