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Shape memory alloys are the special alloys that return to their original shape upon
heating. Shape memory alloys market have gained much attention in the recent years
due to alloys unique characteristics, properties, and application in addressing typical
design complexities. Shape Memory Alloy behavior can be broadly segmented as: one
way shape memory and two way shape memory. In case of one way shape memory
transformation to desired shape occurs only upon heating whereas in two way shape
deformation shape is remembered during both cooling and heating.
Certain inherent properties of these alloys make them suitable for use in remote
actuation features as well. Predominantly used shape memory alloy is made of Nickel and
Titanium known as Nitinol. Other alloys being used at sparing rate for shape memory
alloys include silver-cadmium, copper-tin, nickel-aluminum, and others. Shape memory
alloys find their wide application in automotive, aerospace, robotics, and biomedical
application. Some of the developed products from shape memory alloys include gas flow
micro valves, non-explosive release devices, and aerospace latching mechanisms. Other
niche applications of shape memory alloy market include endodontics, orthopedic
surgery, and telecommunication.
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Global Shape Memory Alloy Market: Drivers & Restraints
Increasing life expectancy and advancement in surgical procedures will create great
opportunityfor shape memory alloy market.
Technological advancement and broader availability of alloy is expected to drive the
shape memory alloy market....