The global titanium in the global aerospace market is projected to reach $4.1 billion by 2025, at a CAGR of 3.0% during 2020-2025. The growth of titanium in the global aerospace market is driven by increasing deliveries of aircraft and the demand for lightweight titanium materials.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the titanium in the global
aerospace market by aircraft type (commercial aircraft, military aircraft,
helicopter, general aviation, and regional aircraft), by application
(structure, engine, and others), by alloy type (alpha, alpha+beta, and beta)
and by 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 What are the
business risks and threats to the titanium in the global aerospace market?
Q.4 What are some
changing demands of customers in the titanium in the global aerospace market?
Q.5 What are the new
developments in the titanium in the global aerospace market? Which companies
are leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this titanium in the global aerospace area
and how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this titanium in the global
aerospace market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include developing
technology to reduce production cost and increasing applications of titanium in
aircraft.
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Market Segmentation:
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, as the major parts fabricated from titanium include seat
tracks, fuselage chords, door frame, wing spar, and crown bulkhead chord.
Increased focus on weight reduction and fuel efficiency by aircraft
manufacturers has augmented the use of titanium alloys in aircraft structure.
North America is
expected to be the largest region and witness the highest growth over the
forecast period due to a significant increase in aircraft deliveries and
increasing demand for lightweight materials.
Key Players in the titanium
in the global aerospaces market are VSMPO-AVISMA, Berkshire Hathaway Incorporated,
Allegheny Technologies Incorporated, Alcoa (previously RTI International
Metals), Baoji Titanium Industry Co. Ltd., and Kobelco Group and others.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/aerospace-titanium-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers 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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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