형상기억합금 시장 예측(-2030년) : 유형별, 기능별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Shape Memory Alloys Market is accounted for $15.6 billion in 2024 and is expected to reach $31.7 billion by 2030, growing at a CAGR of 12.5% during the forecast period. Shape memory alloys are materials that can return to their original shape after deformation when exposed to specific temperatures. They are primarily used in medical devices, aerospace, automotive, and consumer electronics due to their unique properties like super elasticity and the shape memory effect. The Shape Memory Alloys market is experiencing robust growth driven by technological advancements, increasing applications, and demand for high-precision manufacturing solutions across various industries.

According to a research paper published in the Journal of Materials Science, Nickel-Titanium (NiTi) SMAs exhibit a shape recovery strain of up to 8% and a recovery stress of over 500 MPa.

Market Dynamics:

Driver:

Increasing demand in medical applications

The medical industry is driving significant growth in the shape memory alloys market. These materials are increasingly used in minimally invasive surgical devices, orthodontic wires, stents, and implants due to their unique properties like biocompatibility, superelasticity, and shape memory effect. The aging global population and advancements in medical technology are fueling demand for innovative medical devices utilizing shape memory alloys. Their ability to return to a predetermined shape when heated makes them ideal for self-expanding stents and other medical applications, driving market expansion.

Restraint:

High cost of materials

The high cost of shape memory alloys, particularly nickel-titanium (Nitinol), is a significant restraint on market growth. The complex manufacturing processes, specialized equipment, and precise control required to produce these alloys contribute to their high production costs. Additionally, the raw materials used, such as nickel and titanium, can be expensive. These factors make shape memory alloys more costly compared to conventional materials, limiting their adoption in price-sensitive applications and industries. The high costs can deter potential users from incorporating these alloys into their products, especially in emerging markets.

Opportunity:

Expansion in the automotive industry

The automotive industry presents a significant opportunity for shape memory alloys market growth. These materials are increasingly being explored for various automotive applications, including actuators, sensors, and adaptive components. Shape memory alloys can potentially replace traditional mechanical systems, offering benefits like reduced weight, improved fuel efficiency, and enhanced performance. As the automotive sector shifts towards electric and autonomous vehicles, the demand for advanced materials like shape memory alloys is expected to rise.

Threat:

Complex manufacturing processes

The complex manufacturing processes required for shape memory alloys pose a threat to market growth. These alloys demand precise control over composition, heat treatment, and processing parameters to achieve desired properties. Specialized techniques like vacuum arc melting, induction melting, and careful heat treatments are necessary, requiring significant expertise and investment. The complexity of manufacturing can lead to quality control issues, increased production times, and higher costs. This threat may limit the number of manufacturers capable of producing high-quality shape memory alloys, potentially creating supply chain bottlenecks and hindering market expansion.

Covid-19 Impact:

The Covid-19 pandemic initially disrupted the shape memory alloys market due to supply chain interruptions and reduced demand from key end-use industries. However, the market showed resilience as medical applications surged, particularly for devices used in Covid-19 treatment. The pandemic accelerated the adoption of minimally invasive medical procedures, boosting demand for shape memory alloy-based devices. Long-term impacts include increased focus on healthcare applications and supply chain diversification.

The Nickel-Titanium (Nitinol) segment is expected to be the largest during the forecast period

The Nickel-Titanium (Nitinol) is anticipated to dominate the shape memory alloys market due to its superior properties compared to other alloys. Nitinol offers excellent biocompatibility, corrosion resistance, and a wide range of transformation temperatures, making it ideal for medical applications. Its superelastic properties and shape memory effect are unmatched, driving its use in various industries beyond healthcare, including aerospace and consumer electronics. The growing demand for minimally invasive medical devices and the expanding applications in the automotive and robotics sectors further contribute to Nitinol's market dominance.

The consumer electronics & home appliances segment is expected to have the highest CAGR during the forecast period

The consumer electronics & home appliances segment is poised for rapid growth in the shape memory alloys market. These materials are increasingly used in smartphones, laptops, and home appliances for various functions such as vibration damping, thermal management, and miniature actuators. Shape memory alloys enable the development of more compact, efficient, and durable electronic devices. The growing consumer demand for smart home technologies and wearable devices is driving innovation in this sector. Additionally, the use of shape memory alloys in appliances for energy-efficient operation and improved functionality is contributing to the segment's high growth rate.

Region with largest share:

The North American region is expected to dominate the shape memory alloys market. The region's dominance in the shape memory alloys market is driven by its advanced healthcare sector, strong aerospace and defense industries, and significant investments in research and development. The region has a high adoption rate of innovative medical technologies, particularly in the United States, which fuels demand for shape-memory alloy-based medical devices. Additionally, the presence of key market players, well-established manufacturing infrastructure, and supportive regulatory environment contribute to North America's market leadership.

Region with highest CAGR:

The Asia Pacific region is set to witness a lucrative growth rate in the shape memory alloys market due to rapid industrialization, increasing healthcare expenditure, and growing automotive and consumer electronics sectors. Countries like China, Japan, and South Korea are investing heavily in advanced manufacturing and emerging technologies. The region's large and growing population, coupled with rising disposable incomes, is driving demand for innovative products across various industries. Additionally, government initiatives to promote advanced materials and technologies are expected to boost the adoption of shape memory alloys, contributing to the region's high growth rate.

Key players in the market

Some of the key players in Shape Memory Alloys market include ATI Inc., Confluent Medical Technologies, Dynalloy Inc., ENDOSMART GmbH, Fort Wayne Metals Research Products Corp., Furukawa Electric Co., Ltd, G. Rau GmbH & Co. KG, Johnson Matthey plc, Lumenous Device Technologies, Inc., Memry Corporation, Metalwerks PMD Inc., Nippon Steel Corporation, Nitinol Devices & Components, Inc., SAES Getters S.p.A, Seabird Metal Material Co., Ltd, TiNi Alloy Co., Ultimate NiTi Technologies Inc., and Xi'an Saite Metal Materials Development Co., Ltd.

Key Developments:

In January 2024, Scottsdale, AZ- Confluent Medical Technologies (Confluent) announced that it has partnered with ATI to invest more than $50 million over the next several years in ATI's Nitinol melt and materials conversion infrastructure. With this significant investment, which will more than triple ATI's melt capacity for medical Nitinol, Confluent will become ATI's fulfillment partner and provide a suite of value-add services and order-fulfillment for ATI medical Nitinol mill product.

In June 2023, Fort Wayne Metals and NASA's Glenn Research Center in Cleveland are advancing shape memory alloy material technology for innovative rover tires that could be used to support the agency's Artemis exploration efforts on the moon. The two organizations have previously collaborated on highly engineered Nitinol materials for many aerospace applications, including use in prototype spring tires for Mars rovers. The current collaboration between Fort Wayne Metals and NASA Glenn includes studying the anticipated operating conditions on the moon and initial Nitinol materials development for various lunar applications.

Types Covered:

• Nickel-Titanium (Nitinol)
• Copper-based
• Iron-Manganese-Silicon
• Other Types

Functions Covered:

• Superelasticity
• Shape Memory Effect
• Damping Properties
• Other Functions

Applications Covered:

• Motors & Actuators
• Structural Materials
• Sensors
• Energy Harvesting
• Ocular Devices
• Vibration Dampers
• Other Applications

End Users Covered:

• Biomedical
• Aerospace & Defense
• Automotive
• Industrial
• Consumer Electronics & Home Appliances
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Shape Memory Alloys Market, By Type

• 5.1 Introduction
• 5.2 Nickel-Titanium (Nitinol)
• 5.3 Copper-based
• 5.4 Iron-Manganese-Silicon
• 5.5 Other Types

6 Global Shape Memory Alloys Market, By Function

• 6.1 Introduction
• 6.2 Superelasticity
• 6.3 Shape Memory Effect
• 6.4 Damping Properties
• 6.5 Other Functions

7 Global Shape Memory Alloys Market, By Application

• 7.1 Introduction
• 7.2 Motors & Actuators
• 7.3 Structural Materials
• 7.4 Sensors
• 7.5 Energy Harvesting
• 7.6 Ocular Devices
• 7.7 Vibration Dampers
• 7.8 Other Applications

8 Global Shape Memory Alloys Market, By End User

• 8.1 Introduction
• 8.2 Biomedical
• 8.3 Aerospace & Defense
• 8.4 Automotive
• 8.5 Industrial
• 8.6 Consumer Electronics & Home Appliances
• 8.7 Other End Users

9 Global Shape Memory Alloys Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 ATI Inc.
• 11.2 Confluent Medical Technologies
• 11.3 Dynalloy Inc.
• 11.4 ENDOSMART GmbH
• 11.5 Fort Wayne Metals Research Products Corp.
• 11.6 Furukawa Electric Co., Ltd
• 11.7 G. Rau GmbH & Co. KG
• 11.8 Johnson Matthey plc
• 11.9 Lumenous Device Technologies, Inc.
• 11.10 Memry Corporation
• 11.11 Metalwerks PMD Inc.
• 11.12 Nippon Steel Corporation
• 11.13 Nitinol Devices & Components, Inc.
• 11.14 SAES Getters S.p.A
• 11.15 Seabird Metal Material Co., Ltd
• 11.16 TiNi Alloy Co.
• 11.17 Ultimate NiTi Technologies Inc.
• 11.18 Xi'an Saite Metal Materials Development Co., Ltd