The global shape memory alloys market across Asia-Pacific, followed by Europe and North America held the largest share in 2020, accounting for nearly two-fifths of the market. Moreover, the region is expected to manifest the highest CAGR of 8.3% during the forecast period, owing to rise in demand for advanced medical devices for low-cost diagnostic …
Continue reading “Shape Memory Alloys Market Rugged Expansion Foreseen by During 2021 – 2030”
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. However, fluctuation in raw material cost hinders the market growth. On the contrary, rise in demand from the electronics industry is expected to create lucrative opportunities for the market players …
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 …
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 …
