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.
Russia, China and Japan contribute over 80% of the global Ti foam production and dominate the titanium sponge for aerospace & defense market. Requirement of high initial capital for setting up of manufacturing plants is anticipated to restrain for new entrants in the titanium sponge for aerospace & defense market. In addition, Ti sponge for aerospace & defense industry participants are increasingly threatened by high production costs in combination with the low downstream demand.
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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.
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.
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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.
Glimpse of Table of Content (ToC)
Chapter 3. Titanium Sponge For Aerospace & Defense Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
220.127.116.11. Commercial Aerospace
18.104.22.168. Military Aerospace
22.214.171.124. Naval and other defense industry participants
3.3.2. Distribution channel analysis
3.3.3. Geographic distribution
3.3.4. Vendor matrix
3.4. Outlook for demand in industrial market, 2013 & 2017
3.4.5. Others (Electric power, medicine and other fields)
3.5. Technology landscape
3.5.1. Raw materials
3.5.2. The Kroll process
3.5.3. Crushing, screening, and sorting
3.6. Factors affecting purchasing decisions
3.7. Pricing analysis
3.7.1. Regional pricing
126.96.36.199. North America
3.7.2. Cost structure analysis
3.8. Regulatory landscape
3.9. Industry impact forces
3.9.1. Growth drivers, by region
3.9.2. Industry pitfalls & challenges
3.10. Innovation and sustainability
3.11. Growth potential analysis, 2017
3.12. Porter’s analysis
3.13. Competitive landscape, 2017
3.13.1. Company market share analysis, 2017
3.13.2. Top players analysis
3.13.3. Output of major Chinese titanium sponge enterprises
3.13.4. Strategy dashboard
188.8.131.52. Upstream & downstream strategy to continue
3.14. PESTEL analysis
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