Global High-Entropy Alloy Market Research Report – Segmentation by Type (5 Base Metals, above 5 Base Metals); By Application (Mechanical, Electrical, Magnetic, Aerospace, Automotive, Energy, Biomedical); Region – Size, Share, Growth |Forecast (2024 – 2030)
Published: 2024 - January
Report Code: IM-16128
Format:
Region: Global
Chapter 1. GLOBAL HIGH-ENTROPY ALLOY MARKET – Scope & Methodology
1.1. Market Segmentation
1.2. Scope, Assumptions & Limitations
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. GLOBAL HIGH-ENTROPY ALLOY MARKET – Executive Summary
2.1. Market Size & Forecast – (2023 – 2030) ($M/$Bn)
2.2. Key Trends & Insights
2.2.1. Demand Side
2.2.2. Supply Side
2.4. Attractive Investment Propositions
2.5. COVID-19 Impact Analysis
Chapter 3. GLOBAL HIGH-ENTROPY ALLOY MARKET– Competition Scenario
3.1. Market Share Analysis & Company Benchmarking
3.2. Competitive Strategy & Development Scenario
3.3. Competitive Pricing Analysis
3.4. Supplier-Distributor Analysis
Chapter 4. GLOBAL HIGH-ENTROPY ALLOY MARKET - Entry Scenario
4.1. Regulatory Scenario
4.2. Case Studies – Key Start-ups
4.3. Customer Analysis
4.5. PESTLE Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. GLOBAL HIGH-ENTROPY ALLOY MARKET - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. GLOBAL HIGH-ENTROPY ALLOY MARKET – By Type
6.1. 5 Base Metals
6.2. Above 5 Base Metals
Chapter 7. GLOBAL HIGH-ENTROPY ALLOY MARKET– By Application
7.1. Mechanical
7.2. Electrical
7.3. Magnetic
7.4. Aerospace
7.5. Automotive
7.6. Energy
7.7. Biomedical
Chapter 8. GLOBAL HIGH-ENTROPY ALLOY MARKET - By Geography – Market Size, Forecast, Trends & Insights
8.1. North America
8.1.1. By Country
8.1.1.1. U.S.A.
8.1.1.2. Canada
8.1.1.3. Mexico
8.1.2. By Type
8.1.3. By Application
8.1.5. Countries & Segments - Market Attractiveness Analysis
8.2. Europe
8.2.1. By Country
8.2.1.1. U.K.
8.2.1.2. Germany
8.2.1.3. France
8.2.1.4. Italy
8.2.1.5. Spain
8.2.1.6. Rest of Europe
8.2.2. By Type
8.2.3. By Application
8.2.4. Countries & Segments - Market Attractiveness Analysis
8.3. Asia Pacific
8.3.1. By Country
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Australia & New Zealand
8.3.1.6. Rest of Asia-Pacific
8.3.2. By Type
8.3.3. By Application
8.3.4. Countries & Segments - Market Attractiveness Analysis
8.4. South America
8.4.1. By Country
8.4.1.1. Brazil
8.4.1.2. Argentina
8.4.1.3. Colombia
8.4.1.4. Chile
8.4.1.5. Rest of South America
8.4.2. By Type
8.4.3. By Application
8.4.4. Countries & Segments - Market Attractiveness Analysis
8.5. Middle East & Africa
8.5.1. By Country
8.5.1.1. United Arab Emirates (UAE)
8.5.1.2. Saudi Arabia
8.5.1.3. Qatar
8.5.1.4. Israel
8.5.1.5. South Africa
8.5.1.6. Nigeria
8.5.1.7. Kenya
8.5.1.8. Egypt
8.5.1.8. Rest of MEA
8.5.2. By Type
8.5.3. By Application
8.5.4. Countries & Segments - Market Attractiveness Analysis
Chapter 9. GLOBAL HIGH-ENTROPY ALLOY MARKET – Company Profiles – (Overview, Product Portfolio, Financials, Strategies & Developments)
9.1. Heeger Materials
9.2. Sandvik AB
9.3. QuesTek Innovations LLC
9.4. Carpenter Technology Corporation
9.5. Alcoa Corporation
9.6. Norsk Titanium AS
9.7. Allegheny Technologies Incorporated (ATI)
9.8. POLEMA
9.9. Oerlikon
9.10. Metalysis
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Frequently Asked Questions
The High-Entropy Alloy Market was valued at USD 67 million in 2023 and is projected to reach a market size of USD 316.1 million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 24.81%.
Initially explored for their unique composition with multiple elements, HEAs have shifted from fundamental science exploration to practical applications. Industries such as aerospace, automotive, and energy are increasingly adopting HEAs due to their exceptional strength and corrosion resistance.
Notable insights include HEAs' potential application as core cladding in nuclear reactors, North America holding the largest market share (37.07% in 2022), and Sandvik being a major player with a share of 29.57% in 2022.
Automotive and aerospace industries propel the market due to superior mechanical properties, while a biomedical revolution is underway with HEAs excelling in biocompatibility and corrosion resistance. There's a growing demand for lightweight solutions in construction and engineering.
Challenges include the intricate nature of alloy compositions, scalability issues in production, slower adoption rate due to the novelty of HEAs, and cost dynamics associated with raw materials.
