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The titanium sponge for aerospace & defense market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.
Titanium sponge for aerospace & defense market has been treading on a profitable growth path lately, pertaining to the efforts undertaken with regards to unearthing new material application and optimization. On these grounds, it would be fair to state that titanium, on account of its corrosion resistance and high strength-to-weight ratio, is being deployed extensively across aerospace and defense applications. Analyzing the future scope of advanced materials in the aerospace & defense sector, renowned aircraft product manufacturers are increasingly investing in facility expansions of titanium alloy production plants. In addition, they are also signing contracts with leading titanium sponge suppliers to produce aircraft products in a cost-effective manner.
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On the basis of end use, the commercial aircraft segment registered over 60% of the volume share in 2017 and is anticipated to expand at a considerable pace over the forecast spell. The segmental growth can be credited to strong product demand from aerospace companies such as Boeing and Airbus due to the noticeable share in the global commercial aircraft market.
The global titanium sponge for aerospace & defense market from the military aircraft segment is poised to depict a growth rate of nearly 5.6% through 2024, driven by the accelerating product applications in surveillance, reconnaissance, aerial warfare, and other military operations. Moreover, strong emphasis on efficient operations of the military aircrafts, will boost the boost adoption of titanium sponge for aerospace & defense, especially for airframes.
The mounting production of firewalls, naval ships, armor plating and missiles, landing gear, and helicopters will broaden the titanium sponge application scope in years ahead. Furthermore, superior product qualities such as a high concentration of titanium offering improved performance and low brittleness in the aviation industry will add significant impetus to the titanium sponge for aerospace & defense market expansion.
However, its usage is highly dependent on the material quality available under scrap. Ease of material availability in the form of scrap at comparatively low prices is likely to pose challenges to the steady market growth. In addition, high initial spending for setting up the titanium sponge plants, increased production costs, low downstream demand, and ongoing COVID-19 pandemic may hinder market share over the coming years.
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On the regional front, the U.S. titanium sponge for aerospace & defense market will hold a major share, as a result of the escalating defense expenditure, coupled with the presence of key aerospace players in the region. The regional market trends will further be fostered by the rising usage of titanium for missile armor plating, ammunition, and naval ship hulls.
Key titanium sponge for aerospace & defense market players include Timet, Solikamsk, Toho Titanium, ZTMC, Shuangrui Wanji, VSMPO AVISMA, Zunyi, UKTMP JSC, OSAKA, and Tangshan Tianhe, among others. These firms are implementing R&D, business expansions, and other strategies to expand their product portfolio.
Major Key Points from Table of Content:
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 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 – 2024
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
Browse Complete Table of Content @ https://www.decresearch.com/toc/detail/titanium-sponge-for-aerospace-and-defense-market
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