The market is projected to be valued at US$18.3 bn by 2033.
Growing demand from the aerospace, defense, and renewable energy sectors offers players a major opportunity to expand their specialized material portfolios. An increasing focus on lightweight, high-strength solutions further accelerates innovation and market penetration.
Asia Pacific leads the market with a 52.3% of market share in 2024.
The market is estimated to record a CAGR of 4.8% from 2033.
PJSC Mining & Metallurgical Co Norilsk Nickel, Haynes International, Nippon Steels, Aperam SA, Carpenter Technology Corporation, Thyssenkrupp AG, VDM Metals, ATI Specialty Materials.