Titanium in the Global Aerospace

Posted 2022-08-23 09:36:43

Growing Demand For Energy-Efficient Aircraft For Military And Commercial Applications Is Likely To Propel Market Growth.

Titanium in the Global Aerospace Market Size – Usd 3.15 Billion In 2019, Growth - Cagr Of 4.1%, Trends – Increasing Investments In The Defense Sector.

The Global Titanium in the Global Aerospace Market Is Forecast To Reach Usd 4.42 Billion From Usd 3.15 Billion In 2019, Showcasing A Growth Rate Of 4.1% Through 2027. The Market Growth Is Driven By A Plethora Of Factors, Including Increasing Investment In Fighter Aircraft, Expansion Of The Global Aviation Industry, Rise In The Number Of Space Exploration Programs, And Technological Advancements In Aircraft Manufacturing.

Titanium Is 30% Stronger And Nearly 50% Lighter Than Steel. The Metal Exhibits High Corrosion Resistance, And When Exposed To The Atmosphere, Titanium Forms A Firm, Tenacious Oxide Film That Offers Immense Resistance From Most Of The Corrosive Materials. Aeronautical Titanium Is Witnessing High Demand As It Not Only Increases The Range Of Aircraft But Also Decreases Its Fuel Use Significantly. A Lighter Aircraft Requires Less Fuel For Flying, Enabling Fewer Refueling Stops And, Subsequently, Longer Continuous Flight. All These Benefits Offered By The Material Is Expected To Boost Titanium in the Global Aerospace Market Growth.

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Further Key Findings From The Report Suggest:

The Global Titanium in the Global Aerospace Market Is Forecast To Reach Usd 4.42 Billion From Usd 3.15 Billion In 2019, Showcasing A Growth Rate Of 4.1% Through 2027.
Based On Application, The Structural Frames Segment Held Contributed Significantly Towards The Global Titanium in the Global Aerospace Market Share In 2018 And Are Is Estimated To Maintain Its Dominance Over The Analysis, Delivering A Cagr Of 4.2%.
Based On End-Use, The Commercial Segment Is Likely To Account For The Majority Revenue Generation, Exhibiting A Cagr Of 3.7% Through 2027.
In The Regional Landscape, The Asia Pacific Region Is Estimated To Witness The Fastest Growth Rate Of 4.7% Through 2027. According To Iata, China Is Expected To Topple The United States As The Largest Aviation Industry In Terms Of Air Traffic, By The End Of 2024. The Agency Also Estimated That An Additional 1.8 Billion Passengers Per Year Would Be Conveyed To And From Within The Region By 2035, Which May Positively Impact Regional Industry Growth.
Key Players Contributing Towards The Titanium in the Global Aerospace Market Share Are Acnis International, Bralco Metals, Supra Alloys, Kobelco Group, Gould Alloys, Precision Castparts Corporation, Metalweb, Alcoa, Vsmpo-Avisma Corporation, And Paris Saint-Denis Aero, Among Others.

Regional Outlook

The Key Regions Covered In The Report Are As Follows:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest Of Eu)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of Apac)
Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest Of Mea)

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Market Segmentation:

Material Type Outlook (Volume, Kilo Tons; Revenue, Usd Million; 2017-2027)

Commercially Pure Titanium
Titanium Alloys

Application Outlook (Volume, Kilo Tons; Revenue, Usd Million; 2017-2027)

Structural Airframes
Engines
Others

End-User Outlook (Volume, Kilo Tons; Revenue, Usd Million; 2017-2027)

Military
Commercial
Others

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Table Of Contents:

Report Overview

1.1 Research Scope

1.2 Key Titanium in the Global Aerospace Market Segments

1.3 Major Players

1.4 Market Analysis By Product Type

1.5 Market Analysis By Application

1.6 Report Timeline

Global Growth Trends

2.1 Global Titanium in the Global Aerospace Market Size

2.2 Latest Regional Market Trends

2.3 Emerging Growth Trends

Competitive Outlook

3.1 Global Titanium in the Global Aerospace Market Key Players

3.2 Global Aeronautical Titanium Size By Manufacturers

3.3 Products Of Major Players

3.4 Entry Barriers In The Titanium in the Global Aerospace Market

3.5 Mergers, Acquisitions, Joint Ventures, And Other Strategic Alliances

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