Rise in demand from biomedical sector and surge in demand from the automotive industry have boosted the growth of the global shape memory alloys market. Allied Market Research recently published a report, titled, “Shape Memory Alloys Market by Type (Nickel Titanium Alloys, Copper-Based Alloys, and Others) and End-Use Industry (Biomedical, Aerospace & Defense, Automotive, and …
Tag Archives: Shape Memory Alloys Industry
Shape Memory Alloys Market is Expected to Register Steady Growth, Expanding at 8.2% value CAGR from 2021-2030
The global shape memory alloys industry was pegged at $9.2 billion in 2020, and is expected to reach $19.5 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Drivers, restraints, and opportunities Rise in demand from biomedical sector and surge in demand from the automotive industry have boosted the growth of …