SMAs are advanced
materials that remember their original shape after being strained at a certain
temperature. SMAs exhibit two important thermodynamic properties:
pseudoelasticity and shape memory e?ect. They have a wide range of applications
in various industries such as the Biomedical, Automotive, Aerospace, and
Robotic Engineering industries.
Analysts forecast
the Global Shape
Memory Alloy market will grow
at a CAGR of 14.24 percent over the period 2013-2018.
The Report
recognizes the following companies as the key players in the Global Shape
Memory Alloy Market : Admedes Schuessler GmbH, Dynalloy Inc., Euroflex GmbH,
Nitinol Devices & Components Inc., SAES Getters SpA , Aerofits Products
Inc., Bose Corp., BurpeeMaterials Technology LLC, EchoBio LLC, Endosmart GmbH,
Fort Wayne Metals Inc., Intrinsic Devices Inc., Johnson Matthey Inc., Lightek
Corp., Memory-Metalle GmbH, Metalwerks PMD Inc., Special Metals Corp., TiNi
Alloy Co., Ultimate NiTi Technologies Inc., Ultimate Wireforms Inc.
The Global SMA
market is witnessing an increased usage of nitinol in medical devices. This is
because nitinol helps in overcoming design and technical issues faced by
traditional materials. These trends are expected to remain the same during the
forecast period. The major demand for SMAs in the Medical Device sector is from
emerging markets such as China and India
This report covers
the present scenario and the growth prospects of the Global Shape Memory Alloy
market for the period 2014-2018. The report provides data on the different
segments of the market based on the following criteria: Applications, Product
Type, and Geography.
Global Shape Memory
Alloy Market 2014-2018, has been prepared based on an in-depth market analysis
with inputs from industry experts. The report covers the North America, Europe,
and the APAC region; it also covers the Global Shape Memory Alloy market
landscape and its growth prospects in the coming years. The report also
includes a discussion of the key vendors operating in this market.
According to the
report, a number of factors drive the Global SMA market. The major driver of
this market is the increased use of SMAs in the Medical Device sector. The
demand for lightweight vehicles, especially in the APAC region, is also driving
the Global SMA market.
Further, the report
states that certain challenges restrict the growth of the Global SMA market.
Stringent government policies and regulations pose a challenge to the market.
SMA manufacturers in the US witnessed a decline in sales recently because of
new stock-building policies adopted by the FDA. In addition, SMA manufacturers
worldwide have seen limited commercial application because of a lack of
marketing initiatives.
