Titanium Sponge for Aerospace & Defense Market to go past 1.94 billion-dollar mark by 2024
Oct 16, 2019
Titanium sponge for aerospace & defense market is estimated to witness strong growth over the forecast timeframe owing to superior qualities including high concentration level of Ti offering enhanced performance and low brittleness required in aviation industry.
Selbyville, United States - October 16, 2019 /MarketersMedia/ —
U.S. is expected to witness sturdy growth of titanium sponge for aerospace & defense market over forecast period owing to large defense expenditure across the globe, and presence of the major aerospace players in the region. In addition, utilization of Ti for missile armor plating, naval ship hulls and ammunition will witness healthy growth from 2018 to 2024.
Asia Pacific leads the titanium sponge for aerospace & defense market with presence of China and Japan. The region is expected to retain its dominance over the forecast period due to presence of largest production facilities in Japan and China. Further, these countries have a significant contribution in overall Ti sponge exports. As per U.S. Geological Survey import sources, Japan contributed approximately 78% of the total imports during the period of 2013 to 2016. Presence of key aircraft companies namely Lockheed Martin and the Boeing shall continue to be prominent targets for industry participants as they have major share in both civil and military aircrafts industry. The demand in the region will surge with rise in production facilites in India.
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Titanium sponge for aerospace & defense market is estimated to witness strong growth over the forecast timeframe owing to superior qualities including high concentration level of Ti offering enhanced performance and low brittleness required in aviation industry.
In 2017, commercial aircraft lead the titanium sponge for aerospace & defense market demand contributing around 60% of the volume share. The segment is anticipated to hold its dominance during forecast period. Strong demand of the material from Boeing & Airbus owing to noticeable share in global commercial aircraft market will drive the segment demand. These are key consumers and is estimated to hold consistent demand with constant rise in deliveries and backlogs over the forecast timeframe.
Requirement of materials with low weight, high tensile strength, and very high resistance to corrosion for better performance and durability of the airplanes will propel the industry growth. Enhancing the fuel efficiency and aircraft weight reduction is among the key factor for growth of titanium sponge for aerospace & defense market. Aircraft engine mounts, turbines, seat rails, floor beam, fuselage frame and doorframes are few major aircraft parts manufactured using these material alloys. Proliferating demand for these components will drive the business growth.
The usage is highly dependent on the quality of the material available under scrap. Ease in the material availability in form of scarp at comparatively lower prices may act as challenge to the industry growth. In addition, requirement of the material in applications including fire walls, landing gear, armor plating & missile, naval ships, helicopters and naval ships will induce positive impact on the titanium sponge for aerospace & defense growth.
Browse key industry insights spread across 350 pages with 351 market data tables & 10 figures & charts from the report, Titanium Sponge for Aerospace & Defense Market in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/titanium-sponge-for-aerospace-and-defense-market
Global titanium sponge for aerospace & defense market is consolidated with major industry participants including Tangshan Tianhe, OSAKA, UKTMP JSC, Zunyi, VSMPO AVISMA, Shuangrui Wanji, ZTMC, Toho Titanium, Solikamsk, The Kerala Minerals & Metals Limited and Timet.
Russia, China and Japan contribute over 80% of the global Ti foam production and dominate the titanium sponge for aerospace & defense market. Requirement of high initial capital for setting up of manufacturing plants is anticipated to restrain for new entrants in the titanium sponge for aerospace & defense market. In addition, Ti sponge for aerospace & defense industry participants are increasingly threatened by high production costs in combination with the low downstream demand.
Glimpse of Table of Content (ToC)
Chapter 3. Titanium Sponge For Aerospace & Defense Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Manufacturers
3.3.1.1. Commercial Aerospace
3.3.1.2. Military Aerospace
3.3.1.3. Naval and other defense industry participants
3.3.2. Distribution channel analysis
3.3.3. Geographic distribution
3.3.4. Vendor matrix
3.4. Outlook for demand in industrial market, 2013 & 2017
3.4.1. Aviation
3.4.2. Shipbuilding
3.4.3. Chemistry
3.4.4. Metallurgy
3.4.5. Others (Electric power, medicine and other fields)
3.5. Technology landscape
3.5.1. Raw materials
3.5.2. The Kroll process
3.5.3. Crushing, screening, and sorting
3.6. Factors affecting purchasing decisions
3.7. Pricing analysis
3.7.1. Regional pricing
3.7.1.1. North America
3.7.1.2. EU
3.7.1.3. APAC
3.7.1.4. LATAM
3.7.1.5. MEA
3.7.2. Cost structure analysis
3.8. Regulatory landscape
3.8.1. U.S.
3.8.2. EU
3.8.3. China
3.9. Industry impact forces
3.9.1. Growth drivers, by region
3.9.1.1. NA
3.9.1.2. Europe
3.9.1.3. APAC
3.9.1.4. LATAM
3.9.1.5. MEA
3.9.2. Industry pitfalls & challenges
3.10. Innovation and sustainability
3.11. Growth potential analysis, 2017
3.12. Porter's analysis
3.13. Competitive landscape, 2017
3.13.1. Company market share analysis, 2017
3.13.2. Top players analysis
3.13.3. Output of major Chinese titanium sponge enterprises
3.13.4. Strategy dashboard
3.13.4.1. Upstream & downstream strategy to continue
3.14. PESTEL analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/titanium-sponge-for-aerospace-and-defense-market
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