High Performance Alloys Market Accounted To Reach USD 11.34 Billion By 2024: Grand View Research Inc.
San Francisco, 10 December 2019: The Report High Performance Alloys Market Size, Share & Trend Analysis Report By Product (Non-ferrous, Platinum group, Refractory, Super alloys), By Material, By Application, And Segment Forecasts, 2018 – 2024 The global high performance alloys market size is expected to reach USD 11.34 billion by 2024, according to a new report by Grand View Research, Inc. The industry is anticipated to grow, primarily on account of rising substitution of materials such as steel and aluminum due to superior performance and reduction in the price of such alloys. Favorable characteristics of the alloys which aid in improvement in performance efficiency coupled with superior heat and insulation is expected to drive the demand. The price of the products is generally high on account of higher production cost, which is expected to emerge as one of the major factors restraining growth. The increasing cost of the alloying metals coupled with monopolistic