Titanium Alloy Market 2021: Leading Countries, Market Size, Challenges, Five Forces Analysis, Trends, Drivers, Forecast to 2024


Titanium Alloy

Titanium Alloy Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Titanium Alloy market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Alpha and near-alpha alloys to Drive the Titanium Alloys Market

– Alpha and near-alpha alloys are primarily the pure commercial titanium alloys, which maintain alpha phase at room temperature and contain alpha stabilizers, aluminum, oxygen, and tin.
– Near-alpha alloys have some amount of beta-phase ductility and are alloyed by 1-2% of beta stabilizers (silicon, molybdenum) in few alloy products.
– Alpha alloys and near alpha-alloys hold good fracture toughness and creep resistance, along with moderate mechanical strength. Moreover, these alloys can adapt temperatures up to 1100 ºf (600ºc).
– Alpha alloys, such as Ti-6Al-2Sn-4Zr-2Mo+Si, Ti-5Al-2.5Sn, and Ti-8Al-1Mo-1V, find wide applications in steam turbine blades, gas turbines, autoclaves and other process equipment vessels, aircraft engine compressor blades, airframe and jet engine parts, welded stator assemblies, missile fuel tanks, structural parts, and hollow compressor blades, among others. They can be used at a high range of temperatures than alpha-beta alloys.
– The increasing production of new aircrafts and defence products, and increasing population using passenger aircrafts as a mode of transport are driving the demand for alpha and near-alpha titanium alloys from the aerospace and defence sector, globally.
– The automotive production has also been increasing across the world, owing to growing affordability with increasing income, increasing demand for SUV’s and lightweight vehicles, and governments supporting the production and sale of electric vehicles through favourable policies.
– The titanium alloy is lighter in weight than other alloys, such as iron, steel, etc., which serves as an advantage for such titanium alloys in replacing specific automotive components, further driving the demand for the titanium alloy market during the forecast period.

China to Dominate the Asia-Pacific Region

– Chemical industry dominated the Asia-Pacific titanium alloy market, with a major market share in 2018. The chemical industry was followed by aerospace, power, and desalination industries. Aerospace was the fastest growing industry in the Asia-Pacific region and is expected to register an adequate CAGR over the forecast period.
– China dominates the Asia-Pacific market, followed by Japan, however, is expected to register the fastest growth over the forecast period.
– China is also the world’s largest electricity producer. According to the International Energy Agency, by 2040, electricity is expected to become the leading source of final energy consumption from renewable sources in China, overtaking coal in the late 2020s, and oil shortly thereafter.
– China is also the largest manufacturer of automotive in the global market. The country’s automotive sector has been shaping for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy and minimize emissions (owing to growing environmental concerns, due to mounting pollution in the country).
– Thus, positive growth is expected to drive the titanium alloy market throughout the forecast period. Overall, the Asia-Pacific region is expected to register a high CAGR over the forecast period.

Market Overview:

  • The global titanium alloy market is expected to grow at a CAGR of over 3.38% during the forecast period 2019-2024. The growth is majorly driven due to its excellent mechanical and physical properties, as well as extensive usage in a wide range of end-user applications.
  • – However, the premium pricing of titanium alloys is expected to act as a restraint for the market.
  • – Furthermore, Innovative Product Development is likely to act as an opportunity to the market in the forecast period.<

    Key Manufacturers Like 

  • Advanced Metallurgical Group NV
  • Allegheny Technologies Inc. (ATI)
  • Baoji Titanium Industry Co. Ltd
  • Baoji Yongshengtai Titanium Industry Co. Ltd
  • Corsnet Corporation
  • CRS Holdings Inc.
  • Haynes International Inc.
  • Hermith GmbH
  • Outokumpu
  • Precision Castparts Corp.
  • Toho Titanium Co. Ltd
  • UKAD (Eramet Group)
  • AVISMA Corporation.

    Scope of the Report:

  • This report studies the global Titanium Alloy market size, industry status and forecast, competition landscape and growth opportunity.

    Titanium Alloy market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Titanium Alloy market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Titanium Alloy market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Titanium Alloy market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Titanium Alloy market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Titanium Alloy ?
    • Who are Opportunities, Risk and Driving Force of Titanium Alloy market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Titanium Alloy space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Titanium Alloy market opportunities, market risk and market overview of the Market?

    Lastly, the Global Titanium Alloy Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Titanium Alloy Market Report:

    • To provide a detailed analysis of the market structure along with the Titanium Alloy market forecast of various segments and sub-segments of the Titanium Alloy market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Titanium Alloy market trends that influence the global Titanium Alloy market

    Detailed TOC of Titanium Alloy Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Excellent Mechanical and Physical Properties
    4.1.2 Wide Range of End-user Applications
    4.2 Restraints
    4.2.1 Premium Pricing
    4.2.2 Other Restraints
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5.1 By Microstructure
    5.1.1 Alpha and Near-alpha Alloy
    5.1.2 Alpha-beta Alloy
    5.1.3 Beta Alloy
    5.2 End-user Industry
    5.2.1 Aerospace
    5.2.2 Automotive and Shipbuilding
    5.2.3 Chemical
    5.2.4 Power and Desalination
    5.2.5 Other End-user Industries
    5.3 Geography
    5.3.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
    5.3.2 North America United States Canada Mexico
    5.3.3 Europe Germany United Kingdom Italy France Rest of Europe
    5.3.4 South America Brazil Argentina Rest of South America
    5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Advanced Metallurgical Group NV
    6.4.2 Allegheny Technologies Inc. (ATI)
    6.4.3 Baoji Titanium Industry Co. Ltd
    6.4.4 Baoji Yongshengtai Titanium Industry Co. Ltd
    6.4.5 Corsnet Corporation
    6.4.6 CRS Holdings Inc.
    6.4.7 Haynes International Inc.
    6.4.8 Hermith GmbH
    6.4.10 Outokumpu
    6.4.11 POSCO
    6.4.12 Precision Castparts Corp.
    6.4.13 Toho Titanium Co. Ltd
    6.4.14 UKAD (Eramet Group)
    6.4.15 VSMPO-AVISMA Corporation

    7.1 Innovative Product Development

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