Report forecast the global titanium mill products
market to grow at a CAGR of 3.78% during the period 2016-2020.
Titanium is a transition metal that is mined from
rutile and ilmenite ores. It has a high melting point and offers excellent
strength-to-weight ratio, corrosion resistance, and high thermal conductivity.
The commercial aerospace and defense sectors are
the prominent end-users of titanium mill products. The metal is extensively
used in the production of super light, high-speed spacecraft; aircraft;
satellites; and ships. Chemical processing plants, healthcare, and power
generation sectors are the other prominent users for titanium-milled products.
The demand for titanium within the aerospace market
can be attributed to the demand for new-fangled and innovative aircraft designs
with increased carbon fiber reinforced polymer (CFRP) composition.
The report covers the present scenario and the
growth prospects of the global titanium mill products market for 2015-2020. The
report considers the sales volume of vendors that supply titanium mill products
to calculate the market size.
The market is divided into the following
segments based on geography:
- North Americas
- APAC
- Europe
- ROW
According to the report, the rising demand for
titanium mill products in aircraft carriers, defense equipment, and chemical
processing industries such as oil and gas, power generation, and healthcare
segments is driving the market growth.
Further, the report states that slow machining
processes and high buy-to-fly ratio ratio result in the high cost of titanium
fabrication. The hardness of titanium also makes it more difficult to machine
than traditional aluminum. This presents a challenge that is similar to
machining high-strength steel.
Global Titanium Mill Products Market 2016-2020,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the Global Titanium Mill Products
Market: Alcoa Inc., Allegheny Technologies (ATI) Inc., Baoji Titanium Co.,
Ltd., Precision Castparts Corp., and VSMPO-AVISMA Corp.
Other Prominent Vendors in the market are: CDM
Group (Shanghai CDM Titanium Industry), Hangzhou King Titanium, Jiangsu Well
Titanium, Kobe Steel, Luoyang Sunrui Wanji Titanium, Shaanxi Jin Han Precious
Metals, and Shenyang Xinghe Titanium Products.
Market driver
- Growth in aerospace industry
- For a full, detailed list, view our report
Market challenge
- High cost of titanium
- For a full, detailed list, view our report
Market trend
- Increased use of carbon fiber composites
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 59 pages and 37 Exhibit “Global
Titanium Mill Products Market 2016 - 2020” report covers Executive summary, Scope
of the report, Market research methodology, Introduction, Market landscape, Market
segmentation by product type, Market
segmentation by end-user segment, Market segmentation by geography, Market
drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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more information Visit at: http://mrr.cm/Jiy
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