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300 Billion Market - High-Temperature Alloys Sector

Jul 12, 2024

 

High-Temperature Alloy Market - A 30 Billion Yuan Sector

Overview: Looking back at the price trend in the first half of this year, the stainless steel market operated with weak supply and demand, leading to a generally weak performance in prices. The balance of market supply and demand was disrupted, and production enterprises made production adjustments to cope with the current market conditions. Many companies have expanded their business to the high-temperature alloy field from 2020 to 2023. The output of high-temperature alloy steel of key Chinese enterprises was 15,900 tons, 22,300 tons, and 26,200 tons from 2020 to 2022, with a compound annual growth rate of 28.16% in the past three years. The global high-temperature alloy market size reached 38.239 billion yuan in 2023 and is expected to reach 56.767 billion yuan by 2029, indicating significant growth in the high-temperature alloy market in the coming years. Let's briefly understand the current situation of the high-temperature alloy market.

Definition of High-Temperature Alloy

High-temperature alloys are a class of metal materials based on iron, nickel, and cobalt that can work for a long time at temperatures above 600°C and under certain stress; they have high-temperature strength, good oxidation resistance, corrosion resistance, good fatigue performance, fracture toughness, and other comprehensive performance. High-temperature alloys have a single austenite structure and exhibit good structural stability and reliability at various temperatures. Due to the above performance characteristics and the high degree of alloying, high-temperature alloys are also known as "superalloys" and are widely used in aviation, aerospace, petroleum, chemical industry, and naval vessels. Based on the matrix element, high-temperature alloys are divided into iron-based, nickel-based, and cobalt-based high-temperature alloys. Iron-based high-temperature alloys can generally only reach temperatures of 750-780°C, while for heat-resistant parts used at higher temperatures, alloys based on nickel and refractory metals are adopted. Nickel-based high-temperature alloys hold a particularly important position in the field of high-temperature alloys, widely used to manufacture the hottest parts of aviation jet engines and various industrial gas turbines.

Price Trend Tracking

Looking back at the price trend of high-temperature alloys in the past two months, as of July 9th, the price of N08810 material from Anhui Fukai Resources was reported at 66,000 yuan/ton, a cumulative drop of 15,000 yuan/ton; the price of N08825 material was reported at 98,000 yuan/ton, a cumulative drop of 13,000 yuan/ton; the price of N10276 material was reported at 217,000 yuan/ton, a cumulative drop of 24,000 yuan/ton. It can be seen that high-temperature alloy resources are also showing a weakening trend, but even if the price weakens, the demand for materials such as N08810, N08825, and N10276 still shows a steady growth.

Features of High-Temperature Alloys

Excellent High-Temperature Strength: The ability to maintain high mechanical strength in high-temperature environments, ensuring the reliability of the material under extreme conditions.

Good Oxidation and Hot Corrosion Resistance: The ability to resist the erosion of oxidation and hot corrosion, extending the service life of the material.

Good Fatigue Resistance and Fracture Toughness: Possessing excellent anti-fatigue and fracture toughness, ensuring the safety and stability of the material during long-term use.

Sensitivity to Hot Working Processes: The microstructure of the alloy is very sensitive to hot working processes, requiring precise control of heat treatment processes to obtain the best performance and part quality.

Domestic High-Temperature Alloy Market Situation

The current situation of the domestic high-temperature alloy market is characterized by a large supply-demand contradiction but has huge development potential.

Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

- Website: www.metal-ae.com

- Email: ae@americenergy.com

- Phone: 13521210668

- WhatsApp: 13521210668

- Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

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