Titanium Sponge for Aerospace and Defense Market Forecast Size, Share, Growth and Analysis to 2028
Aerospace and Defense Titanium Sponge Market Expected to Reach $ 2.27 Billion by 2028
NEW YORK, NY, USA, Oct. 19, 2021 /EINPresswire.com/ – Titanium sponge for the aerospace and defense market is expected to reach $ 2.27 billion by 2028, according to a new report from Reports and Data. Titanium sponge is a form of titanium that is brittle and porous in nature. It shows great elasticity, with a high strength / weight ratio. It is used as a base for titanium billets, alloys, ingots and others. In addition, it exhibits low electrical and thermal conductivity and is one of the usual corrosion resistant structural metals.
The titanium sponge is obtained by administering the Kroll process on raw titanium ore. The obtained titanium sponge has various impurities. These impurities are generally nitrogen, hydrogen, chlorine, silicon, oxygen, iron, magnesium, among others.
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PMC (Composite Matrix Polymer) compatibility is one of the major factors influencing the expansion and design of aircraft due to the increasing use of composites for aircraft structures. Unlike aluminum, carbon and its low alloy steels which produce a high galvanic potential, titanium is compatible with the carbon fibers of PMC.
The use of parts made from these material alloys in the fuselage frame, door frames, seat rails, floor beam, engine mounts, turbines and other such components should further increase demand. Resistance to fire, corrosion and impact, lightness, low maintenance cost, biocompatibility and recyclability are some of the different characteristics of the titanium sponge. The increased emphasis on developing the performance of commercial and military aircraft by reducing the overall weight of the aircraft and improving fuel efficiency is the main factor influencing the demand for titanium sponge.
The Asia-Pacific region is expected to register the highest CAGR of 4.2% during the forecast period. The growing demand from economies such as Japan, China and India is encouraging market demand in the APAC region. The biggest consumer of magnetic wires is China and is expected to maintain its position in the years to come.
The main participants include Tangshan Tianhe, Zunyi, Ztmc, Shuangrui Wanji, Vsmpo Avisma, Solikamsk, Osaka, Uktmp Jsc, The Kerala Minerals & Metals Ltd., Toho Titanium and Timet. Baoji Titanium Industry Co., Ltd
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Other key findings from the report suggest
The titanium sponge is mainly used in liquid propellant tanks for launchers, gas cylinders / liners, inter-tank structures and interface rings for satellites in the aerospace and defense industries.
It is an essential material in the manufacturing and production process of various components and parts in the aerospace and defense industry.
Aircraft grade metals require a range of test methods to tailor the materials to aerospace requirements.
To accommodate these tests, the most efficient method is to produce a high quality material, also known as aerospace grade, with purity levels above 99.7%.
The high quality category is valued at $ 0.45 billion in 2020 and is expected to reach $ 0.64 at the highest CAGR of 4.3% during the forecast period.
The high quality with high aluminum content is mainly used in applications such as engine parts and aircraft fuselage.
Application in military aircraft is estimated to experience the highest CAGR of 4.4% during the forecast period.
The rapid growth may be due to improved application prospects in reconnaissance, air warfare, surveillance, and the ability to deliver supplies to isolated areas in military operations.
The rise of efficient operations will improve the application of the Ti sponge in military aircraft, especially for airframes.
Various companies have adopted several strategies including mergers, acquisitions and partnerships to maintain continuous leads and bring new developments to the market.
For example, in August 2015, the Indian government fully approved the operation of The Kerala Minerals & Metals Ltd., with a primary production capacity of 500 tonnes.
Due to this development, India was the seventh country in the world to have its own Generation Ti convenience.
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