Global Titanium Alloy Market, CAGR Status, Market Growth, Trends, Analysis and Forecast (2020 - 2023)

Titanium Alloy Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Titanium Alloy market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Titanium Alloy Market report is anticipated to register a CAGR of 3.83% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Titanium Alloy Market are –

  • Advanced Metallurgical Group N.V
  • Arconic Inc.
  • Allegheny Technologies Incorporated (ATI)
  • Aperam S.A.
  • Baoji Titanium Industry Co.
  • Ltd.
  • Carpenter Technology Corporation
  • Dowa Metaltech Co.
  • Haynes International Inc.
  • High Performance Alloys
  • Inc.
  • Outokumpu Oyj
  • Precision Castparts Corp
  • Special Metals Corporation
  • Thyssenkrupp AG
  • Vsmpo-Avisma
  • Toho Titanium Co.
  • Ltd
  • Ukad

The global titanium alloy market is expected to witness a moderate CAGR of 3.83% during the forecast period, 2020 to 2023. Titanium alloys are made from raw material titanium sponges. The selective addition of alloying elements or metals enable specific properties for specific end-user applications. Titanium alloys are, thereby giving it desirable properties, like high tensile strength, toughness, extraordinary corrosion resistance, and elevated temperature withstanding capability.

Rising Demand from Developing Countries

Titanium alloys have growing demand in developing countries, like China, India, Brazil, Mexico, Saudi Arabia, among others, and their demand in these countries has increased with the population growth, increasing industrial activity and urbanization. In China, population, and number of air passengers have been increasing at moderately high rate, year-on-year, boosting the demand for aircrafts in the country. Similar scenario of increasing demand for the aircraft industry can be seen in India, owing to increasing number of air passengers and their income levels. The automotive industry is also growing at the fastest rate in India currently, while China is the leading market in automotive. These factors, in turn are driving the demand for titanium alloys market.

Aerospace Industry to Dominate the Market

Titanium is one of the most important raw materials for the aerospace industry. Titanium alloys accounted for the largest share in the aerospace raw materials market, closely followed by aluminum alloys. Boeing and Airbus, together, account for over 60% of the demand for titanium alloys in the aerospace industry. Titanium alloys form the third most important sector of raw materials demand, when taken by the weight of raw materials that aerospace industry demands. Titanium alloys are used in aircraft engines, blades, shaft, and airframe applications (landing gear, fasteners and wing beams). Titanium alloys’ capability of operating at extreme temperatures, ranging from sub-zero to over 600°C, make them useful in casings of aircraft engines, and other applications.

Asia-Pacific to Expand at a Fastest Rate

The market for titanium alloys in Asia-Pacific is primarily being driven by rising demand from Chemical, and Power & Desalination industries. China is the largest producer and largest consumer of titanium alloy in Asia-Pacific. The consumption of titanium alloy is primarily in the aerospace, automotive, medical, and chemical industries. Moreover, in China, the maximum consumption of titanium alloy is in the chemical industries. Owing to the large number of chemicals manufacturing companies and chemical plants in the country, titanium alloys demand is significantly increasing. India is another major market for titanium alloys in Asia-Pacific.

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Scope of the Report:

The report analyses Titanium Alloy market, which includes –

  • Analysis of the growth of Titanium Alloy market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Titanium Alloy market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Titanium Alloy market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Titanium Alloy market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Titanium Alloy Market Report:

  • Varying dynamics of the Titanium Alloy industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Titanium Alloy market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Titanium Alloy market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Titanium Alloy Market Report:

  • The report analyses how stringent emission control norms will drive the global Titanium Alloy market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Titanium Alloy market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Titanium Alloy:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

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