The global market is projected to reach USD 17.42 billion by 2031, growing at a CAGR of 6.2% from 2024 to 2031.
The global market was valued at USD 11.40 billion in 2024.
Fast industrial growth in emerging markets is pushing up demand for advanced alloys. These materials are needed in machines, vehicles, and electronics.
Key players in the market are General Electric, Carpenter Technology Corporation, Haynes International, Allegheny Technologies, Aubert & Duval, VSMPO-AVISMA, Special Metals Corporation, and Others.
