Titanium in the global aerospace industry is expected to reach $5.4 billion by 2030


   July 23 2018
According to a new market report published by Lucintel, the future of titanium in the global aerospace market looks promising with opportunities in the commercial aircraft, military aircraft, helicopter, general aviation, and regional aircraft. Titanium in the global aerospace industry is expected to reach an estimated $5.4 billion by 2030 with a CAGR of 3.6% from 2018 to 2030. The major growth drivers for this market are increasing deliveries of aircraft and the demand for lightweight titanium materials.

Browse 75 market data Tables and 85 Figures spread through 152 Pages and in-depth TOC on “Titanium in the Global Aerospace Industry 2018-2023" https://www.lucintel.com/titanium-in-the-global-aerospace-industry.aspx

In this market, aircraft structure and engine are the major applications of titanium in the global aerospace industry. On the basis of its comprehensive research, Lucintel forecasts that the aircraft structure will remain the largest application over the forecast period. 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.

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Within the titanium in global aerospace industry, commercial aircraft is expected to remain the largest segment and witness the highest growth by aircraft type due to an increase in aircraft delivery and increasing penetration of titanium alloys in commercial aircraft.

North America is expected to remain 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.

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Emerging trends, which has a direct impact on the dynamics of the industry, includes developing technology to reduce production cost and increasing applications of titanium in aircraft. VSMPO-AVISMA, Berkshire Hathaway Incorporated, Allegheny Technologies Incorporated, Alcoa (previously RTI International Metals), Baoji Titanium Industry Co. Ltd., and Kobelco Group are among the major providers of titanium in the global aerospace industry.

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The study includes a forecast for titanium in the global aerospace industry by aircraft type, application, alloy type, and region as follows:

 

By Aircraft Type [Value ($M) and Volume (M lbs) from 2012 to 2030]:



  • Commercial Aircraft


  • Military Aircraft


  • Helicopter


  • General Aviation


  • Regional Aircraft


 

By Application Type [Value ($M) and Volume (M lbs) from 2012 to 2030]:



  • Structure (airframe)


  • Engine


  • Other


By Alloy Type [Value ($M) and Volume (M lbs) for 2017]:



  • Alpha


  • Alpha + Beta


  • Beta


By Region [Value ($M) and Volume (M lbs) from 2012 to 2030]:



  • North America


  • Europe


  • Asia Pacific


  • The Rest of the World


This 152 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or to know more about the Titanium in the Global Aerospace Industry @ https://www.lucintel.com/toc/titanium-in-the-global-aerospace-industry.aspx or   helpdesk@lucintel.com

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