Medium Entropy Alloys Market Size & Share, by Base Element (Vanadium, Chromium, Aluminum, Nickel, Magnesium, Copper, Titanium); Function (Wear Resistant, Corrosion Resistant, Heat Resistant); End User (Aerospace, Oil & Gas, Power, Automotive, Electrical & Electronics, Biomedical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5321
  • Published Date: Oct 17, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Medium Entropy Alloys Market size is estimated to surpass USD 2 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of medium entropy alloys was over USD 1 Billion. The growth of the medium entropy alloys market can be attributed to the rising demand for fuel-efficient vehicles. In the new light vehicles range, fuel-efficient vehicles have a more positive impact on fuel consumption in comparison to electric vehicles. In the world, around 1.4 billion light vehicles were scrapped to produce new vehicles with better mileage per unit of gasoline and better fuel efficiency in its place. This can significantly reduce the usage of fuel in the world. Fuel demand might reduce by 5 million to 10 million barrels per day by 2040 as more efficient vehicles and electric vehicles hit the road.

In addition to these, factors that are believed to fuel the growth of medium entropy alloys market include the rising use of sustainable materials. Medium entropy is an energy-efficient material and has a low impact on the environment. The growing focus on environmental sustainability has driven the world towards the use of such materials in several industries including construction, energy, automotive, and others. For some years, the world has placed an increasing priority on materials and materials science in order to create a more sustainable environment. As a result, various sustainability-focused forums, symposia, material, and publications have been developed, produced, and delivered. Moreover, the United States Environmental Protection Agency has proposed sustainable materials management basics, which involves the approach to using the material in a way to enhances the productivity of the materials and also adheres to ecological stability. Additionally, the worldwide rivalry for sustainable resources will heat up as the world's population and economies expand, increasing demand for medium entropy alloys.

Medium Entropy Alloys Market
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Medium Entropy Alloys Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Lightweight Material - Medium entropy alloys (HEAs) are a novel class of engineering materials with outstanding mechanical properties and low weight for prospective uses in the structural and transportation sectors. The world has latterly put a lot of emphasis on energy efficiency; therefore, research has also placed a strong focus on integrating lightweight medium entropy in order to improve energy efficiency in a variety of applications. For instance, Spain has intended to spend around USD 3 billion on the project of energy renovation and development the one-stop offices. Moreover, many nations have made similar announcements to achieve energy efficiency.
  • Biocompatibility of Medium Entropy Alloys - Recently researchers all across the world have discovered the biocompatible nature of medium entropy alloy, which means the material does not cause any adverse reaction on coming in contact with skin tissues. Moreover, they have great mechanical properties which makes medium entropy alloys highly suitable as a base material in implants and medical devices. However, the complete potential of this material in the medical sector is being researched and its usage is at a budding stage. The advancing science and development of unique implants are likely to bring lucrative opportunities in this field.
  • Growing Research and Development of Material - Research professionals and manufacturing companies are investing a lot of time and funds in studying the application and unique properties of medium entropy alloys. Composition design is an important trend in Medium Entropy Alloys utilized for specialized purposes. The researchers are working towards the integration of medium entropy alloys with other materials to advance the composition. It is done to attain the desired qualities and optimize the processing technology, research is being conducted to improve the durability and corrosion resistance of the material. The development in the medium entropy technology has enabled the development of new compositions that will notably improve the ways of manufacturing.


  • Competition From the Alternatives of MEA- There are various alternatives of medium entropy alloys available in the market, such as traditional alloys, high entropy alloys, amorphous alloys, intermetallic compounds, composites nanomaterials, ceramics, and others. Some of them replicate exactly the same properties of the medium entropy alloys. For instance, intermetallic compounds, such as nickel aluminides and titanium aluminides are employed efficiently with high temperatures and thus can be a great alternative to MEA in the automotive and aerospace industry. Furthermore, low-eight ceramics and nanomaterials, such as nanocomposites and nanoparticles have several unique properties, such as lightweight, and can be suitable alternatives for specific applications. Ceramics are especially useful in application where light weight, electrical insulation, and high retardance to temperature is important.
  • Lack of well-established supply chain
  • Lack of awareness of the material in low and middle-income countries

Medium Entropy Alloys Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

~ USD 1 Billion

Forecast Year Market Size (2036)

~ USD 2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Medium Entropy Alloys Segmentation

Function (Wear Resistant, Corrosion Resistant, Heat Resistant)

Medium entropy alloys market from the heat resistant segment is estimated to gain the largest revenue share of about 60% in the year 2036. The growth of the segment can be attributed to the high tolerance of medium entropy alloys against high heat without giving up the structural integrity and withstanding any sort of degradation. This specific property of medium entropy alloys has made its application in the automotive and aerospace industries even more vast. Since the components of vehicles and aircraft are under continuously heated conditions, it is important to develop components of engines, batteries, and other internal parts from medium entropy alloys. Therefore, the growing production of vehicles and growing focus on electric vehicles is expected to increase the demand for the MEA for his particular function. In addition to this, the rising focus on the production of more efficient parts in the aerospace industry further boosts the growth of the segment.

End User (Aerospace, Oil & Gas, Power, Automotive, Electrical & Electronics, Biomedical)

The aerospace segment in the medium entropy alloys market is expected to garner a significant share of around 30% in the year 2036. The aerospace segment is one of the huge users of medium entropy alloys, and these alloys are employed in the manufacturing of engine components, turbine blades, and other structural materials. Medium entropy alloys are ideal for usage in these applications due to their great strength and thermal stability. The growth of the aerospace segment is majorly expected on the account of rising deployment of new aircraft in the industry. Furthermore, the effect of aircraft on environmental degradation, primarily carbon emissions, is no longer debatable.  Because aviation is the fastest-growing industry of transportation, it has received special attention from the government all across the world. The growing focus of the world to achieve sustainability in the aerospace industry has also increased the use of medium entropy medium in the sector.

Our in-depth analysis of the global medium entropy alloys market includes the following segments:

                                        Base Element

  • Vanadium
  • Chromium
  • Aluminum
  • Nickel
  • Magnesium
  • Copper
  • Titanium


  • Wear Resistant
  • Corrosion Resistant
  • Heat Resistant

                                            End User

  • Aerospace
  • Oil & Gas
  • Power
  • Automotive
  • Electrical & Electronics
  • Biomedical

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Medium Entropy Alloys Industry - Regional Synopsis

North American Market Forecast

The medium entropy alloys market in North America is projected to hold 35% of the revenue share by 2036. The growth of the medium entropy alloys market can be attributed majorly to the rapidly booming aerospace industry in the region. The Aerospace Industries Association (AIA) is the leading manufacturer of America’s space industry’s requirements. There are around 320 member companies in the AIA that are dedicated as the designers, launch providers, operators, manufacturers, and designers of civil, national security, and commercial satellites and space vehicles. Furthermore, the growing investment by major aerospace companies in updating the models of aircraft.

APAC Market Statistics

The Asia Pacific region is expected to account for 28%  share of the global medium entropy alloys market by 2036. The growth of the market can be attributed majorly to the rising industrialization and hastily moving towards urbanization that has also increased the infrastructural development. The regional market is dominated by developing economies such as India and China. The huge increase in automotive manufacturing and the expansion of the aerospace industry are driving factors for the medium entropy alloys market. In December 2022, China Motor Vehicle Production was reported to be around 27 million units. This is an increase over the previous statistic of nearly 26 million units for December 2021.

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Medium Entropy Alloys Market size
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Companies Dominating the Medium Entropy Alloys Market

    • Alcoa Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Carpenter Technology Corporation
    • ATI Specialty Alloys and Components
    • VDM Metals GmbH
    • Special Metals Corporation
    • Haynes International, Inc.
    • Questek Innovations LLC
    • Alloys Unlimited & Processing, Inc.
    • Arconic Inc.
    • Castings Technology International

In the News

  • Aloaca Corporation has announced the development and deployment of two new innovative allows to strengthen the company’s position as a leading provider of advanced aluminum alloys. A210 ExtruStrongTM, a new high-strength, 6000 series alloy introduced by the Company, provides benefits throughout a wide range of extruded applications, including transportation, construction, industrial, and consumer items. Moreover, the C611 EZCastTM alloy, is a high-performance alloy that does not necessitate a special heat treatment.
  • VDM Metals GmbH has introduced two new alloy materials and presented them at Beijing Essen Welding & Cutting. The first material is VDM FM 31 Plus, a nickel-iron-chromium-molybdenum alloy, that has monitored levels of nitrogen. VDM, on the other hand, introduces the VDM® FM 825 CTP material, which was developed on the foundation of VDM® Alloy 825, but with more molybdenum and without the inclusion of titanium. The higher molybdenum concentration offers improved corrosion resistance, while the shortage of titanium ensures improved weldability with a lower danger of hot cracking.

Author Credits:  Rajrani Baghel

  • Report ID: 5321
  • Published Date: Oct 17, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for fuel-efficient vehicles and the need for lightweight materials for construction are the major factors driving the market growth

The market size of medium entropy is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Alcoa Corporation, Carpenter Technology Corporation, ATI Specialty Alloys and Components, VDM Metals GmbH, Special Metals Corporation, Haynes International, Inc., Questek Innovations LLC, Alloys Unlimited & Processing, Inc., Arconic Inc., and Castings Technology International.

The aerospace segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Medium Entropy Alloys Market Report Scope

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