According to a new market report published by Lucintel, the future of the global aerospace titanium market looks promising with opportunities in commercial aircraft and military aircraft. The global aerospace titanium market is expected to reach an estimated $3.4 billion by 2027 with a CAGR of 9.2% from 2022 to 2027. The major drivers for this market are increasing deliveries of aircraft and the demand for lightweight titanium materials. There is continuous increasing trend of titanium usage per aircraft such as 4% in B747, 7% content in B777 and 15% in 787.
Browse 86 market data tables and 60 figures spread through 158 pages and in-depth TOC on “Global Aerospace Titanium Market"
In this market, titanium are used in aircraft structure (airframe), engine, and other parts in various aircraft commercial aircraft, regional aircraft, general aviation, helicopters, and military aircraft are the major aircraft type. On the basis of its comprehensive research, Lucintel forecasts that structure (airframe) will remain the largest application and it is expected to witness the highest growth over the forecast period due to increased focus on weight reduction and fuel efficiency by aircraft manufacturers.
Within the aerospace titanium market, commercial aircraft will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to an increase in aircraft delivery and increasing penetration of titanium alloys in commercial aircraft.
Europe will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth in aircraft deliveries and increasing demand for light weight materials.
Emerging trends, which have a direct impact on the dynamics of the market, include developing technology to reduce production cost and increasing applications in aircraft. Precision Castparts Corp., VSMPO-AVISMA Corporation, Allegheny Technologies Incorporated, Baoji Titanium Industry Co. Ltd., RTI International Metals, Inc., and Kobelco Group are the major suppliers of titanium in aerospace industry.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aerospace titanium market by aircraft type, by alloy type, by application type, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Titanium in the Global Aerospace Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aerospace titanium market by aircraft type, by alloy type, by application type, and region, as follows:
By aircraft type [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]-
•Commercial Aircraft
•Regional Aircraft
•General Aviation
•Helicopter
•Military Aircraft
By alloy type [Value ($ Million) and Volume (Million Pounds) for 2021]-
•Alpha
•Alpha+Beta
•Beta
By application type [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]-
•Structure (airframe)
•Engine
•Other
By Region [Volume (Million Pounds) and $B shipment analysis from 2016 to 2027]
•North America
oUS
oCanada
•Europe
oFrance
•Asia Pacific
oChina
oJapan
•The Rest of the World
This 158-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/aerospace-titanium-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1.What are some of the most promising, high growth opportunities for the aerospace titanium market by aircraft type (commercial aircraft, regional aircraft, general aviation, helicopters, and military aircraft), by alloy type (alpha, alpha+beta, and beta), by application type (structure, engine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are the emerging trends in this market and the reasons behind them?
Q.7.What are some of the changing demands of customers in the market?
Q.8.What are the new developments in the market? Which companies are leading these developments?
Q.9.Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10.What are some of the competing services in this market and how big of a threat do they pose for loss of market share by service substitution?
Q.11.What M&A activity has occurred in the last 5 years and what has its impact been on the industry?