Global Shape Memory Alloy Market: Market Research by Knowledge Sourcing Intelligence
The shape memory alloy market is projected to witness at a decent CAGR during the forecast period. The two unique properties of special alloy metals, i.e., pseudoelasticity and shape memory effect make them useful in various industry verticals such as automotive, healthcare, and electronics among others. Healthcare industry holds a significant share among the end-user industries of the shape memory alloy market. Continuous research and development on account of increasing investments by major market players and other organizations are fueling the growth of this market in many regions across the globe. The shape memory alloys have gained significant attention in recent years owing to their unique and superior properties. This is the major factor driving the growth of the market in a broad range of commercial applications which are further being supported by fundamental and applied research results. Their unique feature which allows them to change their mechanical ...