Global Titanium Alloy Market 2019 | Prominent Factors by Industry Size, Share, Business Development Plans, Market Dynamics and Forecast to 2024
Global Titanium Alloy Market 2019 Industry Research Report is a professional and in-depth study on the current state of the Global Titanium Alloy industry. This report studies the Titanium Alloy market size by players, regions, product types and end industries.
New research report on “Titanium Alloy Market” 2019-2024 is a proficient and in-depth research offers an summary of the current market status, historic, and expected way forward for the Titanium Alloy market. Titanium Alloy market report on the world’s major regional market conditions, focusing on the main regions. Titanium Alloy market report offers an extensive analysis of Titanium Alloy industry to guide market players, new entrants and investors to get opinion of Titanium Alloy industry.
Scope of the Report:
- This report studies the global Titanium Alloy market size, industry status and forecast, competition landscape and growth opportunity.
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- The global titanium alloy market is expected to grow at a CAGR of over 3.38% during the forecast period 2019-2024. The growth is majorly driven due to its excellent mechanical and physical properties, as well as extensive usage in a wide range of end-user applications.
- – However, the premium pricing of titanium alloys is expected to act as a restraint for the market.
- – Furthermore, Innovative Product Development is likely to act as an opportunity to the market in the forecast period.greater than
Titanium Alloy market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. The Titanium Alloy market 2019 report consists of the latest developments, market shares, and strategies employed by the major market players.
Top Key Players of Titanium Alloy Market Report Are:
- Advanced Metallurgical Group NV
- Allegheny Technologies Inc. (ATI)
- Baoji Titanium Industry Co. Ltd
- Baoji Yongshengtai Titanium Industry Co. Ltd
- Corsnet Corporation
- CRS Holdings Inc.
- Haynes International Inc.
- Hermith GmbH
- NIPPON STEEL CORPORATION
- Precision Castparts Corp.
- Toho Titanium Co. Ltd
- UKAD (Eramet Group)
- AVISMA Corporation
Titanium Alloy Market Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2024, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2024
- Titanium Alloy Market opportunities and recommendations for new investments
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Key Market Trends:
Alpha and near-alpha alloys to Drive the Titanium Alloys Market
– Alpha and near-alpha alloys are primarily the pure commercial titanium alloys, which maintain alpha phase at room temperature and contain alpha stabilizers, aluminum, oxygen, and tin.
– Near-alpha alloys have some amount of beta-phase ductility and are alloyed by 1-2% of beta stabilizers (silicon, molybdenum) in few alloy products.
– Alpha alloys and near alpha-alloys hold good fracture toughness and creep resistance, along with moderate mechanical strength. Moreover, these alloys can adapt temperatures up to 1100 ºf (600ºc).
– Alpha alloys, such as Ti-6Al-2Sn-4Zr-2Mo+Si, Ti-5Al-2.5Sn, and Ti-8Al-1Mo-1V, find wide applications in steam turbine blades, gas turbines, autoclaves and other process equipment vessels, aircraft engine compressor blades, airframe and jet engine parts, welded stator assemblies, missile fuel tanks, structural parts, and hollow compressor blades, among others. They can be used at a high range of temperatures than alpha-beta alloys.
– The increasing production of new aircrafts and defence products, and increasing population using passenger aircrafts as a mode of transport are driving the demand for alpha and near-alpha titanium alloys from the aerospace and defence sector, globally.
– The automotive production has also been increasing across the world, owing to growing affordability with increasing income, increasing demand for SUV’s and lightweight vehicles, and governments supporting the production and sale of electric vehicles through favourable policies.
– The titanium alloy is lighter in weight than other alloys, such as iron, steel, etc., which serves as an advantage for such titanium alloys in replacing specific automotive components, further driving the demand for the titanium alloy market during the forecast period.
China to Dominate the Asia-Pacific Region
– Chemical industry dominated the Asia-Pacific titanium alloy market, with a major market share in 2018. The chemical industry was followed by aerospace, power, and desalination industries. Aerospace was the fastest growing industry in the Asia-Pacific region and is expected to register an adequate CAGR over the forecast period.
– China dominates the Asia-Pacific market, followed by Japan, however, India is expected to register the fastest growth over the forecast period.
– China is also the world’s largest electricity producer. According to the International Energy Agency, by 2040, electricity is expected to become the leading source of final energy consumption from renewable sources in China, overtaking coal in the late 2020s, and oil shortly thereafter.
– China is also the largest manufacturer of automotive in the global market. The country’s automotive sector has been shaping for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy and minimize emissions (owing to growing environmental concerns, due to mounting pollution in the country).
– Thus, positive growth is expected to drive the titanium alloy market throughout the forecast period. Overall, the Asia-Pacific region is expected to register a high CAGR over the forecast period.
Titanium Alloy Market Report Answers Following Questions:
- What are the important RandD (Research and Development) factors and data identifications to responsible for rising market share?
- What are future investment opportunities in the in Titanium Alloy Devices landscape analyzing price trends?
- Which are most dynamic companies with ranges and recent development within Titanium Alloy Devices Market till 2024?
- In what way is the market expected to develop in the forthcoming years?
- What are the principle issues that will impact development, including future income projections?
- What are market opportunities and potential risks associated with Titanium Alloy Devices by analyzing trends?
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Detailed TOC of Titanium Alloy Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Excellent Mechanical and Physical Properties
4.1.2 Wide Range of End-user Applications
4.2.1 Premium Pricing
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 By Microstructure
5.1.1 Alpha and Near-alpha Alloy
5.1.2 Alpha-beta Alloy
5.1.3 Beta Alloy
5.2 End-user Industry
5.2.2 Automotive and Shipbuilding
5.2.4 Power and Desalination
5.2.5 Other End-user Industries
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.3.2 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Advanced Metallurgical Group NV
6.4.2 Allegheny Technologies Inc. (ATI)
6.4.3 Baoji Titanium Industry Co. Ltd
6.4.4 Baoji Yongshengtai Titanium Industry Co. Ltd
6.4.5 Corsnet Corporation
6.4.6 CRS Holdings Inc.
6.4.7 Haynes International Inc.
6.4.8 Hermith GmbH
6.4.9 NIPPON STEEL CORPORATION
6.4.12 Precision Castparts Corp.
6.4.13 Toho Titanium Co. Ltd
6.4.14 UKAD (Eramet Group)
6.4.15 VSMPO-AVISMA Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Innovative Product Development
Name: Ajay More
Phone: US +14242530807/ UK +44 20 3239 8187
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