Keybanc Maintains Overweight on ATI, Lowers Price Target to $228

Global Shape Memory Alloys Market Size, Share, Trends, and Forecast, 2026-2031 | Market to Reach USD 31.97 Billion as Medical, EV, and Aerospace Demand Drives 11.23% CAGR

The global shape memory alloys market is projected to grow from USD 17.14 billion in 2025 to USD 31.97 billion by 2031, driven by demand in medical devices, aerospace, electric vehicles, and consumer electronics. Nitinol dominates the market due to its superior biocompatibility and performance. Key growth drivers include minimally invasive medical procedures, aerospace weight reduction, EV thermal management, and smartphone actuators. Major consolidation activity and capacity expansions are reshaping the competitive landscape.

Shares of aerospace and defense companies are trading lower. Weakness may be amid sympathy with SpaceX after a report suggested that the company is looking to issue $40 billion in new debt to buy Nvidia chips for its data centers.

Closed Die Forging Market Size, Share, Trends, and Forecast, 2026-2040; Market to Reach US$ 42.94 Billion as EV, Aerospace, and AI-Driven Automation Demand Accelerates

The global closed die forging market is projected to grow from US$ 22.38 billion in 2025 to US$ 42.94 billion by 2040, with a CAGR of 4.44%. Asia Pacific leads the market driven by automotive manufacturing, EV production, infrastructure development, and aerospace expansion. Sustainability and energy-efficient manufacturing technologies are key growth trends as companies adopt lightweight materials and automated production systems.