Titanium Sponge for Aerospace & Defense Market Latest Trend, Growth, Application & Forecast 2024

Titanium sponge for aerospace & defense market share has been witnessing a sharp uptick in the recent years owing to an increased emphasis on enhancing the fuel efficiency and lower the weight of military and commercial aircrafts. At the same time, it has been observed that numerous companies have been focusing on building technologically advanced facilities to manufacture environment friendly titanium sponge which has consequentially benefited the overall business space. Citing an instance that affirms this declaration, a group of private firms operating in titanium sponge for aerospace & defense industry have recently unveiled the first production facility in Europe that recycles aeronautical-grade titanium.

Apart from the emergence of eco-friendly titanium sponge, a new trend that is being observed across titanium sponge for aerospace & defense market is that of the manufacturing of titanium sponges by prominent space research institutions of a few nations for strategic purposes. For instance, in a bid to fulfill the ever-increasing titanium requirement for its space programs, the Indian Space and Research Organization’s (ISRO) Vikram Sarabhai Space Centre, in 2015, completed the construction of a full-fledged titanium sponge manufacturing plant at Chavara in the state of Kerala.

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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.

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.

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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.

Some Point from Table of Contents:

Chapter 4.   Titanium Sponge For Aerospace & Defense Market, By Material Type

4.1. Global titanium sponge for aerospace & defense market share by material type, 2017 & 2024

4.2. High-grade

4.2.1.  Global market estimates and forecasts, 2013 – 2024

4.2.2.  Market estimates and forecast, by region, 2013 – 2024

4.3. Medium-grade

4.3.1.  Global market estimates and forecasts, 2013 – 2024

4.3.2.  Market estimates and forecast, by region, 2013 – 2024

4.4. Low-grade

4.4.1.  Global market estimates and forecasts, 2013 – 2024

4.4.2.  Market estimates and forecast, by region, 2013 – 2024

Chapter 5.   Titanium Sponge For Aerospace & Defense Market, By End Use

5.1. Global titanium sponge for aerospace & defense market share by end use, 2017 & 2024

5.2. Commercial Aircraft

5.2.1.  Global market estimates and forecasts, 2013 – 2024

5.2.2.  Market estimates and forecast, by region, 2013 – 2024

5.2.2.1.    Airframes

5.2.2.1.1.    Global market estimates and forecasts, 2013 – 2024

5.2.2.1.2.    Market estimates and forecast, by region, 2013 – 2024

5.2.2.2.    Engine Parts

5.2.2.2.1.    Global market estimates and forecasts, 2013 – 2024

5.2.2.2.2.    Market estimates and forecast, by region, 2013 – 202

5.3. Military Aircraft

5.3.1.  Global market estimates and forecasts, 2013 – 2024

5.3.2.  Market estimates and forecast, by region, 2013 – 2024

5.3.2.1.    Airframes

5.3.2.1.1.    Global market estimates and forecasts, 2013 – 2024

5.3.2.1.2.    Market estimates and forecast, by region, 2013 – 2024

5.3.2.2.    Engine Parts

5.3.2.2.1.    Global market estimates and forecasts, 2013 – 2024

5.3.2.2.2.    Market estimates and forecast, by region, 2013 – 2024

5.4. Other (naval ships, armor plating and missile, helicopters, landing gear)

5.4.1.  Global market estimates and forecasts, 2013 – 2024

5.4.2.  Market estimates and forecast, by region, 2013 – 2024

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