Shape Memory Alloys Market size worth $ 28.18 Billion, Globally, by 2028 at 14.02% CAGR: Verified Market Research® - PRNewswire

JERSEY CITY, N.J., Nov. 25, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Shape Memory Alloys Market" By Type (Nitinol, Copper-Based, Iron-Manganese Silicon), By End-Use Industry (Biomedical, Aerospace & Defence, Automotive), and By Geography. According to Verified Market Research, the Global Shape Memory Alloys Market size was valued at USD 12.03 Billion in 2020 and is projected to reach USD 28.18 Billion by 2028, growing at a CAGR of 14.02% from 2021 to 2028.

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Browse in-depth TOC on "Shape Memory Alloys Market"
202 - Pages
126 – Tables
37 – Figures

Global Shape Memory Alloys Market Overview

The marketplace for shape memory alloys is anticipated to witness significant growth during the forecast period owing to an outsized number of applications in various end-user industries. The application of these alloys in safety devices such as anti-scalding and fire sprinklers is expected to boost the market shortly. Anti-scalding valves made from these alloys can be used in water faucets and showerheads, as they automatically shut off the water flow after a certain temperature. Delay in response time is the primary disadvantage of shape memory alloy-based fire sprinklers. The aerospace application segment accounted for a big share of the form memory alloys market. It is anticipated to continue its leading position during the forecast period. Shape memory alloys...

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