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Titanium Sponge for Aerospace & Defense Market Top Key Players: Zunyi Titanium, Tangshan Tianhe, Shuangrui Wanji Titanium, Zaporozhye Titanium & Magnesium Combine, Solikamsk, VSMPO AVISMA, OSAKA Titanium, Toho Titanium, The Kerala Minerals & Metals Ltd

09-04-2018 07:25 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

Global titanium sponge for aerospace & defense market is estimated to exhibit around 4.3% CAGR from 2018 to 2024. 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.

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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 industry growth. 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.

Military aircrafts are estimated to witness rapid growth around 5.6% during the forecast period due to positive application outlook in aerial warfare, reconnaissance, surveillance and provide supplies to remote areas in military operations. Surge in emphasis for efficient operations will increase application of Ti sponge in military aircrafts, particularly for airframes.

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 Ti 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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Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary
2.1. Titanium sponge for aerospace & defense industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Material Type trends
2.1.3. End Use trends
2.1.4. Regional trends

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

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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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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