UK Shape Memory Alloys Market Size & Outlook, 2023-2030
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UK shape memory alloys market highlights
- The UK shape memory alloys market generated a revenue of USD 363.5 million in 2023 and is expected to reach USD 728.6 million by 2030.
- The UK market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, nickel-titanium (nitinol) was the largest revenue generating type in 2023.
- Nickel-Titanium (Nitinol) is the most lucrative type segment registering the fastest growth during the forecast period.
Shape memory alloys market data book summary
| Market revenue in 2023 | USD 363.5 million |
| Market revenue in 2030 | USD 728.6 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Nickel-titanium (nitinol) |
| Fastest growing segment | Nickel-Titanium (Nitinol) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nickel-Titanium (Nitinol), Copper-based Alloys |
Other key industry trends
- In terms of revenue, UK accounted for 2.6% of the global shape memory alloys market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany shape memory alloys market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,700.0 million by 2030.
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Shape memory alloys market Scope
Shape memory alloys market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Dynalloy | View profile | 101-250 | Irvine, California, United States, North America | https://www.dynalloy.com |
| Mishra Dhatu Nigam Limited | View profile | 501-1000 | Hyderabad, Andhra Pradesh, India, Asia | https://midhani-india.in/ |
| Nippon Seisen | View profile | 501-1000 | Kadoma, Osaka, Japan, Asia | http://www.n-seisen.co.jp/ |
| SAES Getters | View profile | 1001-5000 | Milan, Lombardia, Italy, Europe | https://www.saesgetters.com |
| Fort Wayne Metals | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | http://fwmetals.com |
| Johnson Matthey PLC | View profile | 12638 | 25 Farringdon Street, 5th Floor, London, United Kingdom, EC4A 4AB | https://www.matthey.com |
| ATI Inc | View profile | 7300 | 2021 McKinney Avenue, Dallas, TX, United States, 75201 | https://www.atimaterials.com |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| Furukawa Electric Co Ltd | View profile | 51314 | Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, Japan, 100-8322 | http://www.furukawa.co.jp |
UK shape memory alloys market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shape memory alloys market will help companies and investors design strategic landscapes.
Nickel-titanium (nitinol) was the largest segment with a revenue share of 89.71% in 2023. Horizon Databook has segmented the UK shape memory alloys market based on nickel-titanium (nitinol), copper-based alloys covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the construction industry in the UK is being driven by increasing population and ongoing urbanization. The focus of the government of the country is on raising the availability of housing by launching affordable housing schemes and initiatives such as Help to Buy.
SMAs are used in smart home technologies and adaptive architectural elements. For instance, SMA actuators can be integrated into window systems and climate control devices to improve energy efficiency.
Moreover, the UK is increasingly opting for clean and green sources of energy such as wind energy and solar energy. It is also switching to electric vehicles (EVs) to fight climate change and reduce emissions. This further drives the usage of SMAs in the country.
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Our clientele includes a mix of shape memory alloys market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK shape memory alloys market , including forecasts for subscribers. This country databook contains high-level insights into UK shape memory alloys market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK shape memory alloys market size, by type, 2018-2030 (US$M)
UK Shape memory alloys market Outlook Share, 2023 & 2030 (US$M)
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