Aerospace & Defense Titanium Sponge Market 2018 Analysis and Forecast to 2024

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Aerospace Defense Titanium Sponge Market
Overview, Analysis, Growth Opportunities and
Forecast
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Global Market Scenario of Aerospace Defense
Titanium Sponge Market

• Titanium Sponge for Aerospace Defense Market
  size is estimated to surpass USD 1.94 billion by
  2024
• Increasing material requirement with high tensile
  strength, low weight, and high corrosion
  resistance for enhanced durability and
  performance of the aircrafts will propel the
  industry growth. Augmented emphasis on improving
  the performance of commercial and military
  aircrafts through reducing the overall aircraft
  weight and enhancing the fuel efficiency was the
  major factor influencing the Ti metal demand.
• Utilization of components made from these
  material alloys in doorframes, fuselage frame,
  floor beam, seat rails, turbines, engine mounts,
  and other such components is expected to surge
  product adoption.

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Continue.....
High-grade titanium sponge for aerospace
defense market segment is expected to retain its
largest penetration share over the coming years.
This can be primarily attributed to the
requirement of high concentration levels of
titanium to provide quality performance and least
brittleness for aerospace applications. Easy
availability of alternatives in the form of scrap
at relatively low prices are expected to pose
considerable challenge to the industry growth.
However, this will remain largely dependent on
the quality of scrap materials available for
recycling applications. Moreover, requirement
of light weight and high tensile strength metals
for applications in naval ships, helicopters,
armor plating missile, landing gear and fire
walls will provide lucrative growth opportunities
in the coming years.
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Aerospace Defense Titanium Sponge Market
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Key Report Insights Suggest

• Commercial aircraft dominated the global titanium
  sponge market demand in 2017 accounting for
  around 60 of the industry size, is expected to
  retain its dominance over the forecast period.
  Airbus Boeing contribute a significant share of
  the overall commercial aviation market share and
  are among the major Ti metal consumers. Growing
  number of deliveries and backlogs are expected to
  provide consistent demand through the forecast
  period.
• Military aircrafts are expected to witness
  highest growth over the forecast period for its
  extensive applications in surveillance,
  reconnaissance, aerial warfare, and provide
  supplies to distant locations for military
  operations. The segment will witness over 5.5
  CAGR up to 2024. Moreover, increased emphasis on
  the design for efficient operations will in turn
  influence increased utilization of titanium
  sponge in military aircrafts, specifically in the
  airframes.

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360 Analysis
Regional Analysis U.S. is anticipated to
dominate the global titanium sponge for aerospace
defense market over the next seven years.
Favored by the highest aerospace and defense
expenditure across the globe, and the presence of
the major aerospace sector brands that
specifically include Boeing and Lockheed Martin,
the region is expected to witness stable demand
over the coming years. Moreover, utilization of
these materials for naval ship hulls, ammunition
and missile armor plating will present favorable
growth landscape through the forecast
period. Competitive Market Share Zunyi
Titanium, Tangshan Tianhe, Shuangrui Wanji
Titanium, Zaporozhye Titanium Magnesium
Combine, Solikamsk, VSMPO AVISMA,
Ust-Kamenovgorsk Titanium Magnesium Plant JSC
(UKTMP), OSAKA Titanium, Toho Titanium, The
Kerala Minerals Metals Ltd.

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Industry Background
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