NEW YORK, Nov. 24, 2023 /PRNewswire/ — The creep resistance materials market size is expected to grow by USD 5.00 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 7.29% during the forecast period, according to Technavio. The rise in the adoption of creep resistance materials in various industries is notably driving the creep resistance materials market. However, factors such as the toxic nature of chromium and other metals may impede market growth. The market is segmented by End-user (Electronics and semi-conductors, Oil and gas, Aerospace and Defense, Energy and power, and Others), Type (Carbon fiber and Glass fiber), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the creep resistance materials market including Aperam SA, Compagnie de Saint Gobain, Daicel Corp., Entegris Inc., Illinois Tool Works Inc., Imerys S.A., Kalyani Steels Ltd., Mishra Dhatu Nigam Ltd., Modern Plastics Inc., Navstar steel corp., Pexco LLC, Remet UK Ltd., Steel Authority of India Ltd., thyssenkrupp AG, TWI Ltd., Unified Alloys Inc., voestalpine BOHLER Edelstahl GmbH and Co KG, and ZwickRoell GmbH and Co. KG.The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.
Creep Resistance Materials Market 2023-2027: Company Analysis
Pexco LLC – The company offers creep resistance materials under the brand Performance Plastics Ltd.
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Creep Resistance Materials Market 2023-2027: Segmentation
End-user
- The market share growth by the electronics and semiconductors segment will be significant for market growth during the forecast period. The growth can be attributed to the increasing demand from industries such as electronics and semiconductors. The use of creep-resistance materials in these industries is due to their ability to withstand prolonged exposure to high temperatures and pressure without undergoing permanent deformation or failure. This results in heightened market demand. One such example of a creep-resistant material widely utilized in the electronics and semiconductor sectors is molybdenum.
- Type (Carbon fiber and Glass fiber).
Geography
- APAC is estimated to account for 33% of the growth of the global market during the forecast period. A major factor for regional growth is the robust growth of the construction and manufacturing industries. Developing economies like China and India, where industrialization and urbanization are rapidly increasing predominantly observe this trend.
- North America, Europe, South America, and Middle East and Africa.
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Creep Resistance Materials Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist creep resistance materials market growth during the next five years
- Estimation of the creep resistance materials market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the creep resistance materials market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of creep resistance materials market companies
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
