Brief Analysis of Supply and Demand in my country's Superalloy Industry

2022-08-19

With the rapid development of my country's aerospace, nuclear power and other fields in recent years, the market demand for superalloys has also continued to increase, which has promoted the growth of superalloy production in my country. Although my country's superalloy industry has developed rapidly, there is still a gap between the overall technical level and the world's advanced level.

The data shows that in 2021, the output of superalloys in my country will reach 38,000 tons, a year-on-year increase of 15.2%; the demand will reach 62,000 tons, a year-on-year increase of 17%.
From the perspective of market size, with the rapid development of the industry in recent years, the market size of my country's superalloy industry has also continued to grow. According to data, the scale of my country's superalloy market in 2020 will reach 18.7 billion yuan, a year-on-year increase. It is estimated that the market size will reach 21.9 billion yuan in 2021.
According to the production process requirements of superalloys in my country, deformed superalloys are the main source of demand in China, accounting for 70% of the demand, casting superalloys accounting for 20%, and powder superalloys accounting for 10%.
From the perspective of matrix elements, nickel-based superalloys accounted for the highest demand, accounting for 80%; followed by iron-based superalloys, with a demand ratio of 14.3%; cobalt-based superalloys accounted for the smallest demand, accounting for 5.7%.
From the perspective of the application structure of superalloys in my country, the aerospace field is the largest application field of superalloys, accounting for 55%; followed by electric power and machinery, accounting for 20% and 10% respectively.