Shape Memory Alloys Market Scope, Upcoming Trends, Outlook and Future Scenario Forecast Until 2023 Market Highlights: Global shape memory alloys (SMA) market is estimated to expand at a CAGR of 10.79% to reach USD 11,079.1 million by the end of 2023. SMA is gaining prominence in the global market with the growing usage in the end use industries such as biomedical, spacecraft, aircraft, transport, electrical appliances, construction & housing, subsea, hot water supply, and others. Some of the prominent factors that positively influence the growth of the shape memory alloys market are increasing biomedical application scope, continuous growth of the aerospace & automotive industry, and growing usage of SMA in neuromuscular rehabilitation. Moreover, increased focus on physical fitness among people to enhance the living standard and the trend of tracking health progress are expected to drive the demand for SMA in the biomedical application. Furthermore, increasing penetration in the construction and electrical industries is predicted to provide a momentum to the growth of this market. Growing per capita disposable income coupled with increasing healthcare industry in developing countries is estimated to drive the market growth. However, fluctuation in raw material prices used in the manufacturing of SMA has increased the cost of SMA, which, in turn, is predicted to hinder the market growth during the forecast period 2017-2023. Ask for Sample@ https://www.marketresearchfuture.com/sample_request/5997
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