Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on titanium
alloys market provides in-depth analysis of segments and sub-segments in the
global as well as regional titanium alloys market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional titanium alloys market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global titanium alloys market. According to the report, the global titanium
alloys market is projected to grow at a CAGR of 3.5% over the forecast period
of 2019-2025.
Titanium alloys are made up of titanium and other chemical
elements. Titanium alloy has very high tensile strength and toughness even at
extreme temperatures. However, the high cost of both raw materials and
processing limit their use to military applications, aircraft, spacecraft,
bicycles, medical devices, jewelry, highly stressed components such as
connecting rods on expensive sports cars and some premium sports equipment and consumer
electronics.
The growing demand for titanium alloy in aerospace, automotive and
Shipbuilding industry due to its mechanical and physical properties are fuelling
the growth of the market. Furthermore, titanium alloy possesses the
extraordinary corrosion resistance property that has increased its demand in
medical surgery. The growing demand for surgical implants in the medical sector
contributing to the growth of the market. On the other hand, high cost and lack
of production infrastructure of titanium alloy can restrain the market in the
near future. However, innovative product development will likely to boost market growth in the forecast period.
Geographically, the titanium alloys market is segmented into North
America, Europe, Asia-Pacific, and RoW. The Asia-Pacific dominates the global
titanium alloys market. Factors such as the growing automotive industry, the
presence of several titanium alloy manufacturers and growing industrialization
are contributing to the growth of the Asia-Pacific titanium alloys market.
Furthermore, the growing steel industry in China and India also driving the
growth of the Asia-Pacific titanium alloys market. Europe also holds a
significant share in the market owing to the large automotive sector in this
region.
The report on global titanium alloys market covers segments such
as microstructure, and end user. On the basis of microstructure, the
sub-markets include alpha type, alpha and beta type, and beta type. On the
basis of end user, the sub-markets include aerospace, gas turbine, automotive,
oil and gas, electronics and electrical, and other end users.
The report provides profiles of the companies in the market such
as AMG Advanced Metallurgical Group NV, ATI Metals, Baoji Titanium Industry Co.
Ltd, CRS Holdings Inc., CORSNET CORPORATION, Eramet, Haynes International Inc.,
Hermith GmbH, NIPPON STEEL CORPORATION, Outokumpu, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of titanium alloys market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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