Global Aerospace Titanium Blisk Market Set to Attain Valuation of Around $5,000.0 Million by 2023 | Top Players are MTU Aero Engines AG, GKN plc, Rolls-Royce Holdings plc, and GE Aviation

Owing to the numerous advantages offered by titanium-based blisks, such as low weight and high strength, they are witnessing a rising demand from the aerospace sector. These components offer as much as a 50% reduction in weight, as compared to nickel- and steel-based super alloys. Moreover, titanium has a much higher strength-to-weight ratio compared to aluminum and steel, with a density of 4.5 g/cm3. The increasing demand for higher fuel efficiency is pushing the need for a high bypass ratio, which is, in turn, fuelling the adoption of low-weight blisks.

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Driven by the above-mentioned factors, the revenue generated from the sales of aerospace titanium blisks increased from $3,988.3 million to $4,945.4 million, from 2017 to 2023. The global aerospace titanium blisk market is predicted to progress at a CAGR of 3.7% during the forecast period (2018-2023). Titanium blisks are used in commercial, general aviation, military and various other aerospace applications, such as in model and experimental aircraft. Amongst these, commercial aircraft recorded the highest usage of these components in 2017, owing to the rising demand for cargo and passenger air transport across the world.

Low weight and high strength of titanium based blisk is key growth driver

The use of a component in an aerospace application is usually driven by its weight. Titanium based blisk yields as much as 50% reduction in weight as compared to steel and nickel based super alloys. Moreover, titanium has an excellent strength-to-weight ratio as compared to steel and aluminum with a density of 4.5 g/cm3. The necessity for higher fuel efficiency is increasing, which is fueling the demand for high bypass ratio and propelling the need for low weight blisks which will compensate for the added weight due to higher bypass ratio.

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Aerospace titanium blisk market competitiveness

Increasing awareness about advantages of titanium based blisks for aerospace industry applications, such as significant reduction in weight, greater resilience, and reduced maintenance in comparison to traditional bladed disk, has led to rise in the adoption of titanium blisks in aerospace industry, globally. Growing adoption has led to increase in competition in the aerospace titanium blisk market. Some of the key players in the market include, MTU Aero Engines AG, GKN plc, Rolls-Royce Holdings plc, and GE Aviation.

Global Aerospace Titanium Blisk Market Segmentation

Market Segmentation by Application

Military
Commercial
General Aviation
Others (Experimental and Model Aircraft)
Market Segmentation by Diameter

Less than 70 cm
70-80 cm
80-90 cm

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