Published By : 30 Sep 2016 | Published By : QYRESEARCH
High performance alloys are mixtures of metals that have unique magnetic, chemical, and mechanical properties. As such, they exhibit good mechanical strength and corrosive and oxidation resistance. These alloys have superior surface stability and thus, they are highly in demand from the aerospace and industrial gas turbines industries. As per reports, 60% of the aircraft building materials, comprise these alloys. In addition to this, high performance alloys are used in poppet valves in gasoline and diesel engines, and also used in rail engineering, electronics, marine, and other industrial applications.
Non-Ferrous Segment to Emerge as Dominant Segment in Future
Among product types such as non-ferrous alloys, platinum group metal alloys, refractory alloys and superalloys, non-ferrous alloy was the largest product segment in the past and will continue to retain its leading position in the coming years. Non-ferrous alloys possess superior ductility, strength, and hardness. They are corrosion resistant and have low specific gravity. Non-ferrous alloys exhibit high electrical conductivity, can withstand high temperature and pressure, and are light in weight. As such their demand is increasing from the aerospace industry. They are used in aircraft wings, sheets, airframe structural parts, and pistons.
Capital Intensive Manufacturing of High Performance Alloys over Conventional Alloys to Hamper Market
The floor space required for machining high performance alloys is high and this makes the manufacturing process, capital intensive. This is one of the biggest challenged faced by the players in the industry.
High performance alloys also face many challenges during the manufacturing process. They usually have the tendency to harden at the surface. They also generate heat during machining. What is more, they are poor conductors of heat. As such, high temperatures gets accumulated and may interfere with the cutting process of these alloys. High temperature and may also deform or damage a part. Moreover, the shapes of parts of high performance alloys make them difficult to hold securely for machining.