Global MCrAlY Alloy Powder Market Insight

The MCrAlY Alloy Powder is forecast to crazy increase over the next four years. According to the WK-chem Research “Global MCrAlY Alloy Powder Professional Survey Report 2022, Forecast to 2027”, With the development of the aerospace field and the automotive industry, the MCrAlY Alloy Powder industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the2022-2027 period is projected to be 2.5% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

"The MCrAlY Alloy Powder industry has great development potential" said Emma, a senior analyst at WK-chem Research's Chemcial & Material Market Research Center，" the aerospace field occupies a major share.”

Market insight:

MCrAIY coating is widely used in aviation and engine hot end parts because of its good high temperature oxidation resistance and corrosion resistance. This kind of coating can form a good high temperature protection effect on the alloy substrate when it is coated on the surface of superalloy. With the development of the aerospace field and the automotive industry, there is a large demand for MCrAlY Alloy Powder, which promotes the growth of this market.

Because the downstream market application is very simple, there are many alternatives at the same time. Therefore, the market development prospects are not stable enough. In addition, the global negative impact of the coronavirus has already existed, severely affecting the market size of MCrAlY alloy powder in 2021.

Competition Landscape:

The main players in this market are Powder Alloy Corporation, Praxair, H.C. Starck, Oerlikon Metco, Sandvik, Metal Powder and Process. At present, foreign giants such as powder alloy, HC Starck, Praxair, etc. occupy a larger market share. Despite competition issues, investors are still optimistic about this field due to the obvious global recovery trend; there will still be more new investments into this field in the future, especially the recovery of the aviation industry. The current overall market structure is relatively stable, and the threshold for new brands and new capital is relatively high.

Segmentation of MCrAlY Alloy Powder Market:

In terms of type, the market is divided into cobalt-based, nickel-based and iron-based alloy powders. Nickel-based powders have dominated in the past, with the highest share, but in the next few years. Due to the high demand for automobiles in emerging economies such as China, India and Japan, iron-based powders are expected to grow the fastest. In addition, as a fuel substitute, it may increase its demand in the near future.

Industrial applications and aerospace applications are two applications in this market. Aerospace applications dominate the market because they have high applications for aerospace turbines and land-based turbines in the aerospace and defense fields. In addition, due to high investment in manufacturing in developing countries, this situation is expected to become common in the next few years.

MCrAlY Alloy Powder Market: Regional Analysis

Geographically, the MCrAlY Alloy Powder market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Globally, the North American market is expected to have the highest demand. The high demand for this material is due to the presence of a large number of aerospace and automotive companies in the region, which will continue to generate high demand for thermal spray materials used to coat aircraft and automobiles .

Cagr: 2.5%

Largest share area：North America

Largest share country：the Unite States