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Shape Memory Alloy Market.PDF


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DESCRIPTION
Global shape memory alloy market was valued at US$X.XX billion in 2016 and is
projected to expand at a CAGR of XX.XX% over the forecast period to reach US$X.XX
billion by 2022. Shape memory alloy is an alloy which has shape memory characteristic
which makes the alloy to regain its original shape when it is heated. The copperaluminium-nickel and nickel-titanium are basic two types of shape memory alloy. The
shape memory alloys are strong, light weight alternative to regular actuators such as
motor, hydraulic and pneumatic based systems. They are widely used in automotive,
biomedical, robotics and aerospace industries. Major factors driving the global shape
memory alloy market are growing utilisation of alloys in end user applications such as
robotics, aerospace, automotive and biomedical sectors. Expansion of biomedical sector
will particularly impact the market growth of shape memory alloy. On the contrary
stringent policies and regulation of government regarding the application of shape
memory alloy may impair the market growth. Geographically, North America and Asia
Pacific region are expected to drive the global market of shape memory alloys on
account of increasing applications or technological advancements in advanced materials
or high performance alloys.
This research study examines the shape memory alloy market on the basis of various
segments – by end use, by industry vertical, by type, and by geography. Major drivers,
restraints, and opportunities have been mentioned to provide an exhaustive picture of
the market. Furthermore, the current market trends related to the demand, supply, and
sales, in addition to the recent developments, have been provided in this report. The
report also analyzes key players in the shape memory alloy market. The report provides
comprehensive forecast up to the period 2022 for various key segments, with 2016 as
base year.
The analysis presents in-depth information regarding the development, trends, and
industry policies and regulations implemented in each of the geographical segments.
Moreover, the research study analyzes the overall regulatory framework of shape
memory alloy market, offering stakeholders a better understanding of the key factors
affecting the overall market environment.

Shape Memory Alloy Market – Forecasts from 2017 to 2022