Titanium in the Global Aerospace Market is anticipated to grow at a CAGR of 10.0% during 2021-2026

Market-Research

The global titanium in the global aerospace market is projected to reach $3.7 billion by 2026, at a CAGR of 10.0% during 2021-2026. The growth of titanium in the global aerospace market is driven by increasing deliveries of aircraft and the demand for lightweight titanium materials. There is continuous increasing trend of titanium usage per aircraft such as 4% in B747, 7% content in B777 and 15% in 787.

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, regional aircraft, general aviation, helicopters, and military aircraft), by alloy type (alpha, alpha+beta, and beta), by application type (structure, engine, and others), and 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 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.

North America is expected to be the largest region and witness the highest growth over the forecast period due to growth in aircraft deliveries and increasing demand for lightweight materials. The USA is highest contributor of titanium consumption in aerospace industry.

Key Players in the titanium in the global aerospaces market are 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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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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