Lucintel's latest market report analyzed that titanium in the global aerospace provides attractive opportunities in commercial aircraft and military aircraft. The titanium in the global aerospace market is expected to reach $3.7 billion by 2026 with a CAGR of 10.0%. In this market, structure is the largest segment by application type. The developing technology to reduce production cost and increasing applications in aircraft provides strategic growth path in this market.
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Based on application
type, the titanium in the global aerospace market is segmented into structure,
engine, and others. The structure segment accounted for the largest share of
the market in 2020 and is expected to register the highest CAGR during the
forecast period due to increased focus on weight reduction and fuel efficiency
by aircraft manufacturers.
Browse in-depth TOC on “Titanium
in the Global Aerospace Market”
74 – Tables
73 – Figures
158– Pages
The titanium in the
global aerospace market is marked by the presence of several big and small
players. Some of the prominent players offering titanium in the global
aerospace include Precision Castparts Corp., VSMPO-AVISMA Corporation,
Allegheny Technologies Incorporated, Baoji Titanium Industry Co. Ltd., RTI
International Metals, Inc., and Kobelco Group.
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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