The titanium alloys market refers to the global industry that manufactures and distributes titanium-based alloys used in a variety of industrial and commercial applications. Titanium is a strong, lightweight, and corrosion-resistant metal that is widely employed in a variety of industries, including aerospace, medical, automotive, and industrial. Titanium alloys are created by mixing titanium with other metals including aluminium, vanadium, and iron to improve strength, ductility, and other qualities. These alloys have a high strength-to-weight ratio, are resistant to high temperatures, and have great corrosion resistance.
The worldwide titanium alloys market is likely to expand in the future years, owing to rising demand in the aerospace and defence industries. The increasing need for lightweight and fuel-efficient aircraft, as well as the increased usage of titanium alloys in military applications, are likely to drive market expansion.
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Key Segments Covered
- Micro Structure
- Alpha Titanium Alloys
- Near Alpha Titanium Alloys
- Alpha+ Beta Titanium Alloys
- Metastable Beta Titanium Alloys
- Grade Type
- Grade 5 Titanium Alloys
- Grade 23 Titanium Alloys
- Grade 12 Titanium Alloys
- Grade 6 Titanium Alloys
- Other Grade Titanium Alloys
- End Use
- Titanium Alloys for Aerospace & Defence
- Titanium Alloys for Power Generation
- Titanium Alloys for Chemical Processing
- Titanium Alloys for Automotive
- Titanium Alloys for Marine Applications
- Titanium Alloys for Fashion & Apparel
- Titanium Alloys for Oil & Gas Processing
- Titanium Alloys for Architecture
- Titanium Alloys for Biomedical
- Titanium Alloys for Sports
- Titanium Alloys for Other Applications
After reading the TITANIUM ALLOYS market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the TITANIUM ALLOYS market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
Key Companies Profiled
- The Neonickle
- ATI
- Altemp Alloys Inc.
- Kobelco
- High Performance Alloys Inc.
- Haynes International Inc.
- Global Titanium Inc.
- Nippon Steel
- United Titanium
- Daido Steel
Competitive Landscape
- Allegheny Technologies Inc. successfully acquired Ladish Co. Inc. in November 2020 for $883 million in cash and common stock. The merger draws attention to the companies’ work supplying materials and parts to the industrial, defense, and aerospace markets.
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Kobelco Construction Machinery and Kobelco Cranes merged their companies in April 2017. After Case New Holland and Kobelco Construction combined to produce excavators, Kobe Steel split the two companies apart in 2004. In the near future, it is anticipated that this merger will boost global development, strengthen product development capabilities, and increase business efficiency.
