Titanium Market Research Reports & Industry Analysis

Titanium is the fourth most abundant metal on the earth’s crust and is known as a transition metal. A common element, it is found in rutile, ilmenite, and sphene. While Titanium is abundant, it is rarely found in a pure form, and is very expensive to isolate. Titanium is used as a structural material, and is superior to steel for many applications. Today most titanium, and titanium alloys, are used by the aerospace industry in spacecraft, missiles and aircraft production. It is typically used for airplane parts and fasteners, gas turbine engines, engine cowlings and heat shields. Titanium’s resistance to heat, corrosion and acid makes it an important material in chemical processing. It is used in the manufacture of pumps, valves and heat exchangers on the chemical production line. Notable recent uses of titanium have been in the manufacture of human heart implants, since it has good compatibility with the human body. It is used in orthopedic hip replacements, pacemakers, defibrillators, and elbow joints. Titanium materials are also used in consumer products such as shoes, watches, eyewear, sporting equipment and computers