High Performance Alloys Market is Expected to Reach US$9.09 billion by 2020

High Performance Alloys Market is Expected to Reach US$9.09 billion by 2020

  • Submitted By: amyjames
  • Date Submitted: 06/15/2016 2:39 AM
  • Category: Business
  • Words: 1851
  • Page: 8

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High Performance Alloys Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2014 - 2020

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Press Release
High Performance Alloys Market Rising at 4.2% CAGR due to their Ability
to Perform Under High Pressure Conditions

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High Performance Alloys Market


High performance alloys exhibit excellent mechanical strength, good surface stability and superlative
corrosion and oxidation resistance. High performance alloys exhibit excellent mechanical strength and high
resistance to creep at high temperatures. In addition, they provide good surface stability and corrosion and
oxidation resistance. These alloy operate in complicated combination of force and temperature under the
influence of corrosive media, high pressures and radiation. Moreover, titanium and nickel increase the life
of the components. High performance alloys market is heavily driven by aerospace and power industries.
Typical applications of the high performance alloys include the aerospace industry and in the industrial gas
turbines sector (IGTs). Other applications include automotive, oil & gas rail engineering, military,
electronics, marine and other industrial applications. There are four main categories of high performance
alloys: non-ferrous alloys, platinum group metals, refractory metals and superalloys. These alloys are used
at high temperature applications. Thus, properties of these alloys are tailored to a certain extent through
the addition of other elements, including metals, metalloids and non-metals viz chromium, iron,
molybdenum, niobium, yttrium, vanadium, carbon, boron or hafnium are some examples of the alloying
additions used.

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