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Global Titanium Mill Products Market 2016-2020

Global Titanium Mill Products Market 2016-2020

About Titanium Mill Products

Titanium is a transition metal that is mined from rutile and ilmenite ores. It has a high melting point and offers excellent strength-to-weight ratio, corrosion resistance, and high thermal conductivity.

The commercial aerospace and defense sectors are the prominent end-users of titanium mill products. The metal is extensively used in the production of super light, high-speed spacecraft; aircraft; satellites; and ships. Chemical processing plants, healthcare, and power generation sectors are the other prominent users for titanium-milled products.

The demand for titanium within the aerospace market can be attributed to the demand for new-fangled and innovative aircraft designs with increased carbon fiber reinforced polymer (CFRP) composition.

Technavio’s analysts forecast the global titanium mill products market to grow at a CAGR of 3.78% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global titanium mill products market for 2015-2020. The report considers the sales volume of vendors that supply titanium mill products to calculate the market size.

The market is divided into the following segments based on geography:

  • North Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global Titanium Mill Products Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alcoa Inc.
  • Allegheny Technologies (ATI) Inc.
  • Baoji Titanium Co., Ltd.
  • Precision Castparts Corp.
  • VSMPO-AVISMA Corp.
Other prominent vendors
  • CDM Group (Shanghai CDM Titanium Industry)
  • Hangzhou King Titanium
  • Jiangsu Well Titanium
  • Kobe Steel
  • Luoyang Sunrui Wanji Titanium
  • Shaanxi Jin Han Precious Metals
  • Shenyang Xinghe Titanium Products
Market driver
  • Growth in aerospace industry
  • For a full, detailed list, view our report
Market challenge
  • High cost of titanium
  • For a full, detailed list, view our report
Market trend
  • Increased use of carbon fiber composites
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Titanium Mill Products Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Titanium Mill Products Market: Alcoa Inc., Allegheny Technologies (ATI) Inc., Baoji Titanium Co., Ltd., Precision Castparts Corp., and VSMPO-AVISMA Corp.

Other Prominent Vendors in the market are: CDM Group (Shanghai CDM Titanium Industry), Hangzhou King Titanium, Jiangsu Well Titanium, Kobe Steel, Luoyang Sunrui Wanji Titanium, Shaanxi Jin Han Precious Metals, and Shenyang Xinghe Titanium Products.

Commenting on the report, an analyst from Technavio’s team said: “The new generation of large passenger aircraft such as A350 and A380 from Airbus and the B787 from Boeing use CFRPs in the manufacture of airframe components. CFRPs are well suited with titanium, but not with other metals such as aluminum. Thus, titanium will remain a key material for the manufacture of these components during the forecast period. Carbon fiber is woven with a textile material and coated with an epoxy resin, which is then allowed to cure. The resulting material is strong due to high strength-to-weight ratio. Carbon fiber reinforced polymers are usually used in the manufacture of expensive sports cars that require strong and light materials.”

According to the report, the rising demand for titanium mill products in aircraft carriers, defense equipment, and chemical processing industries such as oil and gas, power generation, and healthcare segments is driving the market growth.

Further, the report states that slow machining processes and high buy-to-fly ratio ratio result in the high cost of titanium fabrication. The hardness of titanium also makes it more difficult to machine than traditional aluminum. This presents a challenge that is similar to machining high-strength steel.

Companies Mentioned

Alcoa Inc., Allegheny Technologies (ATI) Inc., Baoji Titanium Co., Ltd., Precision Castparts Corp., VSMPO-AVISMA Corp, CDM Group (Shanghai CDM Titanium Industry), Hangzhou King Titanium, Jiangsu Well Titanium, Kobe Steel, Luoyang Sunrui Wanji Titanium, Shaanxi Jin Han Precious Metals, Shenyang Xinghe Titanium Products.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Titanium downstream value chain
  • Market landscape
    • Market overview
      • Table Segmentation of global titanium mill products market
    • Market size and forecast
      • Table Global titanium mill products market 2015-2020 (thousand metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global titanium mill products market by product type
      • Table Global titanium mill products market by product type 2015
      • Table Global titanium mill products market by product type 2020
    • Global titanium mill products market for sheets and plates
      • Table Global titanium mill products market in sheets and plates 2015-2020 (thousand metric tons)
    • Global titanium mill products market in billets and bars
      • Table Global titanium mill products market in billets and bars 2015-2020 (thousand metric tons)
    • Global titanium mill products market in others
      • Table Global titanium mill products market in others 2015-2020 (thousand metric tons)
  • Market segmentation by end-user segment
    • Global titanium mill products market by end-user segment
      • Table Global titanium mill products market break-up by end-user segment 2015
      • Table Global titanium mill products market break-up by end-user segment 2020
    • Global titanium mill products market in industrial and consumer segment
      • Table Global titanium mill products market in industrial and consumer segment 2015-2020 (thousand metric tons)
    • Global titanium mill products market in commercial aerospace segment
      • Table Global titanium mill products market in commercial aerospace segment 2015-2020 (thousand metric tons)
    • Global titanium mill products market in defense segment
      • Table Global titanium mill products market in defense segment 2015-2020 (thousand metric tons)
  • Market segmentation by geography
    • Segmentation of global titanium mill products market by geography
      • Table Global titanium mill products market by geography 2015
      • Table Global titanium mill products market by geography 2020
    • Titanium mill products market in North America
      • Table Titanium mill products market in North America 2015-2020 (thousand metric tons)
    • Titanium mill products market in APAC
      • Table Titanium mill products market in APAC 2015-2020 (thousand metric tons)
    • Titanium mill products market in Europe
      • Table Titanium mill products market in Europe 2015-2020 (thousand metric tons)
    • Titanium mill products market in ROW
      • Table Titanium mill products market in ROW 2015-2020 (thousand metric tons)
  • Market drivers
    • Table Titanium content in aircraft (metric tons)
    • Table Comparison of metal densities (kg/m3) of various metals
    • Table Comparison of strength-to-weight ratios (ksi) of various metals
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global titanium mill products market: Major vendors
    • Other prominent vendors
  • Key vendor analysis
    • Alcoa
      • Table Alcoa: Business segmentation by revenue 2014
      • Table Alcoa: Product segmentation by revenue 2014
      • Table Alcoa: Segmentation of revenue by geography 2014
    • ATI
      • Table ATI: Business segmentation by revenue 2014
      • Table ATI: Segmentation of revenue by geography 2014
    • Baoji Titanium Industry
      • Table Baoji Titanium Industry: Product segmentation by revenue 2014
    • Precision Castparts
      • Table Precision Castparts: Business segmentation by revenue 2015
      • Table Precision Castparts: Geographical segmentation by revenue 2015
    • VSMPO-AVISMA
      • Table VSMPO: Product segmentation
      • Table VSMPO-AVISMA: Segmentation of revenue by geography 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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