Global Shape Memory Alloy Market: Industry Analysis, Trend and Growth, 2015 - 2025 by Future Market Insights

Global Shape
Memory Alloy
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
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Report
Description
Report Description
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.
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Description
Report Description
Technological advancement and broader availability of alloy is expected to drive the
shape memory alloy market.
Global Shape Memory Alloy Market: Segmentation
On the basis of application, the global shape memory alloy market is segmented as,
• Super Elastic Applications
• Constrained Recovery Application
• Actuator Applications
On the basis of end use sector, the global shape memory alloy market is segmented into:
• Electrical Appliances
• Hot Water Supply
• Construction & Housing
• Automobiles & Trains
• Aerospace Engineering
• Bio- Medical
On the basis of type, the global shape memory alloy market is segmented into:
Report
Description
Report Description
• Copper – Zinc – Aluminum – Nickel
• Copper – Aluminum – Nickel
• Nickel Titanium
• Others
Global Shape Memory Alloy Market: Key Players
Major players over the global shape memory alloy market include Memory-Metalle
GmbH, TiNi Alloy Co., Ultimate NiTi Technologies Inc., Fort Wayne Metals Inc.,
Metalwerks PMD Inc. and Endosmart GmbH
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Global Shape Memory Alloy Market: Overview:
Advancements in super elastic, actuator and other industrial applications are likely to
drive the demand for shape memory alloys. Shape memory alloys are sub set of high
performance alloys or advanced materials. Advancements in technologies and widening
scope of applications set firm platform for new alloys to exhibit healthy double digit
growth in the market.
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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.