Aerospace Titanium Market Size Will Be Observing An Extensive Growth in The Coming Years

Aerospace Titanium Market size will be observing an extensive growth in the coming years due to increasing demand for aircrafts in aviation and defense industry. With the increasing prices of fuel and the current slowdown of the economy, the requirement for more fuel-efficient aircrafts has turned into a need. Taking into consideration, titanium's weight-to-quality proportion, planes that are produced using it parts are lighter and a lighter plane expends less fuel.


The extended utilization of titanium in the aviation industry can be credited to a few elements, including the interest for newer aircraft outlines with expanded CFRP (carbon fiber strengthened polymer or plastic) arrangement. By having a similar thermal expansion as several composite materials, it is exceedingly supported as a composite interface material. As composite utilization keeps on increasing, anticipation of increase of its adoption rate can be witnessed.


Growth of defense industry will drive the demand for titanium in defense applications owing to weight and enhance durability in dangerous conditions. It's capability to be fabricated and machined empowers critical fragments for increased armor defense against ballistic threats, while its high mass efficacy and lighter weight structural integrity for defense aircrafts has significantly contributed to the increased demand of it in defense industry.


With respect to titanium in worldwide aerospace industry, aircraft frame and structure is the biggest fragment, followed by engine and it is expected to remain the main section by value and volume utilization amid the forecast time frame. Expanded focus on weight diminishment and fuel proficiency via aircraft producers have enlarged the utilization of titanium in aircraft.


The Boeing 787 Dreamliner and AirBusA380 is evaluated to utilize major percent titanium by weight compared to steel. Expanded usage in the aircraft specifically relates with composite parts based on the materials' compatibility. The ascent in composite plan, development and utilization is a strong pointer of extra increments in titanium part production. The military aircraft segment expends the largest share of it. Military aircraft, including the F-22, F/A-18, C-17, F-35 and the UH-60 Black Hawk helicopter are among the major military's assets that utilizes vast amount of titanium for manufacturing.


North America is relied upon to remain the largest market because of the development in aircraft conveyances and the availability of significant aircraft and components manufacturers. The U.S. is the biggest consumer of titanium material in the aviation and defence industry. The titanium manufacturers in this region are focusing on capacity expansion to meet the high demand for it from commercial airline companies.


Europe is relied upon to witness the most astounding development over the stipulated time frame by of development in the business and provincial aircrafts markets. In addition, it is estimated to have a growth potential due to the presence of aircraft competitors and the rising number of maintenance, repair, and operational activities in the region.


Asia Pacific and Latin America is fastest rising market for aerospace industry. Growing demand from aircrafts and helicopters is driving the demand for titanium in this region. China had the maximum demand for it in this region. Other countries such as Japan, Singapore and India are possible to show potential growth for its usage in near future. Increased number of low cost carriers and intensifying demand from emerging economies like Brazil will trigger the market.


Over the last decade, the focus of titanium alloys development has shifted from aerospace to industrial applications. However, the titanium industry continues to depend on the aerospace market and this sector will constitute a significant percentage of total consumption for years to come. The metallurgy of titanium and Ti-base alloys has been intensely researched over the last 50 years. Titanium has unique properties such as its high strength-toweight ratio, good resistance to many corrosive environments and it can be used over a wide range of temperatures.


The production of titanium processing materials is mainly concentrated in China, the United States, Russia, Japan and other countries.  In 2010, China surpassed the United States to become the world's largest producer of titanium materials. In 2018, China's titanium production reached 63,400 tons, up 14.42% year on year.  


In 2011, the global consumption of commercial aviation reached 46%, military titanium accounted for 9%(mainly military aviation), and the overall aviation industry consumption of titanium accounted for more than 50%.  43% of titanium is consumed in industry and 2% in emerging markets.  However, there are obvious regional differences in the demand structure of titanium products. In North America and the European Union, especially the United States, which have developed aerospace and defense industries, more than 50% of the demand for titanium products comes from aerospace and defense industries.


In recent years, China's demand for aerospace titanium materials has maintained rapid growth, with the consumption of aerospace titanium materials increasing by 41%, 24%, 5% and 14.6% respectively from 2015 to 2018.  High-end titanium application fields (aerospace, shipbuilding and offshore engineering) accounted for a significant increase in consumption.  In 2011, China's high-end titanium alloy (aerospace, shipbuilding and ocean engineering) consumption of 6,143 tons, accounting for 13.8% of China's total consumption of titanium alloy;  In 2018, China's consumption of high-end titanium alloys (aerospace, shipbuilding and ocean engineering) was 14,029 tons, accounting for 24.4 percent of China's total consumption of titanium alloys.  


Our country titanium material enterprise is more, the competition of low-end product is very fierce, the production of high-end product is more concentrated.  The production of high-end titanium materials is concentrated in a few enterprises such as Bao-Ti Co., Ltd., Northwest Nonferrous Metals Research Institute, etc.


Baoji Top Titanium Industry Co., Ltd. is founded in 2010 and over the years has accumulated a registered capital of over 14 million USD, located in Baoji on independent land of 17000 square meters and a construction area of 13000 square meters.  The main products are pure titanium and titanium alloy bars (round, flat, square), thick tubes, stepped shafts, special-shaped pipes, and cylindrical forgings.  Since its founding years, Baoji Top Titanium Industry Co., Ltd. has established itself as a professional manufacturer of titanium products for aerospace, petrochemical, and deep-sea equipment.  At present Baoji Top Titanium Industry Co., Ltd. employs 200 people, of which there are 35 technicians and experts as well as 3 professors.  The company owns and maintains over 100 sets of advanced equipment, including the Austrian imported GFM SX45, SX25, and SX16, all three are high-end precision radial forges and set the quality standard for Titanium manufacturing in China.  Currently, the GFM SX45 is the largest radial forge in northwestern China.


Baoji Top Titanium Industry Co., Ltd. is committed to becoming the largest Titanium manufacturer for radial forged products in Western China as well as a supplier for advanced and high-tech equipment in industries such as marine etc.  At present, it has 22 utility models and 4 invention patents, among which the invention and processing method patent for titanium alloy thick-walled pipes is currently in the leading position in China.


The company has successively obtained a wide range of certifications including aerospace certification of French company BV, the quality system certification of national regulated equipment, three-level confidentiality qualification of scientific research and production, and many others.


In the past, Baoji Top Titanium Industry Co., Ltd. has invested over 49 million USD in the construction of a new complete production chain also located in Baoji China.  This Project is planned to include a wide range of workshops from smelting, forging, precision processing, sheet metal processing, quality inspection, and research and development center.  It is equipped with an advanced vacuum arc furnace, electrode press, distributing systems, fast forging machines, radial forging machines, precision machining, inspection tools, and other advanced equipment.  After the completion of the project, an annual production capacity of 2000 tons of titanium alloy ingots, 3000 tons of bars, 1000 tons of pipes, and 200 tons of deep processed products will be achieved, providing basic raw materials, forgings, and products for a wide range of industries including marine engineering, aerospace, medical equipment,  etc.  With the completion of the Project Baoji Top Titanium Industry Co., Ltd. will lead in the domestic market as a Titanium manufacturer and supplier.


Now, Baoji Top Titanium Industry Co., Ltd.  has already become China's scientific research institutions and officially designated high-end titanium supplier.