What is the market size and growth trend of Nitinol?

Here are some of the latest advances in Nitinol:

According to the statistical forecast of Hengzhou Prius (QYResearch), the global Nitinol market sales will reach 751 million US dollars in 2023 and is expected to reach 1.322 billion US dollars in 2030, with a compound annual growth rate (CAGR) of 8.5% (2024-2030). From a regional perspective, the major consumption regions include North America, Europe and Asia Pacific, accounting for 45%, 20% and 30% of the market share respectively.

In the medical field, according to the Bezier consulting report, in 2023, the global and China nitinol titanium alloy medical device market size reached 114.691 billion yuan and 11.607 billion yuan respectively, and it is expected that by 2029, the global market size will reach 166.576 billion yuan, with a compound annual growth rate of 6.25%.

Research and development of new materials

Researchers at the National Institute of Materials Science in Japan have developed a new process to "transform" Nitinol into a super elastic material by severely deforming a sample, briefly heating it to 300°C, and then stretching it. Its strength is comparable to steel, but its ductility is 20 times that of steel, and it can still maintain its performance in the temperature range of -80 ° C -80 ° C, and can be used to make deformable wings.

Medical application

- Pressure anastomosis ring technology: The first Nitinol pressure anastomosis ring technology in Asia has been successfully applied in rectal cancer preservation surgery. The technique can eliminate anastomotic bleeding, reduce the occurrence of infection, and make the anastomosis have better extensibility, not easy to narrow and block.
- Orthodontic wire: Using the shape memory effect of Nitinol alloy and superelasticity, it is soft and easy for doctors to manipulate in the patient's mouth at room temperature. At the temperature of the mouth, it generates thermal activation to form martensite, which enhances the correction strength and achieves the purpose of fast tooth correction.

Aerospace applications

The research of deformable wings has made progress, and the new nickel titanium alloy material developed is expected to be used to make deformable wings, so that the wings can adjust the length with the change of flight speed when the aircraft is flying in the air, and make more full use of aerodynamic force.

About us

Baoji Hanz Metal Material Co., Ltd. is a manufacturer specializing in the research and development of Nitinol Shape Memory Alloy, Superelastic Nitinol Alloy, Nickel Titanium Alloy.

Contact us

Baoji Hanz Metal Material Co., Ltd.
Gaoxin Avenue, BaoJi city, ShaanXi province China
Tel: 86-917-3258889
Mobile, Whatsapp,Wechat: +8618091719909
Email:baojihanz-niti@hanztech.cn