Market Overview:
The global titanium etching market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for titanium etching in various applications such as aerospace, energy, medical and automotive. In addition, the growing demand for lightweight and durable materials is also contributing to the growth of this market.
Product Definition:
Titanium Etching is the process of etching a design into a titanium surface. The importance of Titanium Etching is that it can create a durable, permanent and attractive design on a titanium surface.
Hydrofluoric Acid:
Hydrofluoric acid is a highly corrosive, strong, andHPF (Highly reactive Fluorine-based) acid. It has a molecular weight of 140.2 and is usually represented by the formula HF (aq). Hydrofluoric acid can exist in both liquid & gaseous forms.
Photochemical:
Photochemical is a chemical reaction between a substance and light. In the photochemical process, one or more reactants are exposed to light for sufficient time and under suitable conditions, a product is formed. Photochemical reactions can be divided into two categories; direct and indirect. Direct photochemistry involves the formation of products directly by the action of light on chemicals without any intermediate step such as oxidation or reduction.
Application Insights:
The aerospace application segment accounted for the largest revenue share of over 30% in 2017. The market is expected to witness significant growth on account of rising titanium consumption in aircraft manufacturing. Titanium is used for its superior corrosion resistance and strength-to-weight ratio, which enables its use as a primary material in the manufacture of airframes, fuselagesections, wings and other components.
The automotive application segment was valued at USD 281.5 million in 2017 owing to increasing demand from vehicle manufacturers for using titanium alloys with high strength-to-weight ratio for designing cars and commercial vehicles with enhanced fuel efficiency.
Regional Analysis:
Asia Pacific dominated the global titanium etching market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing demand for titanium dioxide from major end-use industries such as automotive, energy, and medical in countries such as China, India, Japan and South Korea.
The growing automobile industry coupled with rising investments by various governments in developing countries of Asia Pacific are likely to boost product demand further over the coming years. In addition, rapid industrialization along with favorable government policies aimed at promoting manufacturing output is anticipated to augment market growth across this region during the forecast period.
North America accounted for a significant share of revenue generated by photochemical Titanium Dioxide Market in 2017 owing to high consumption levels observed among end-users from aerospace & defense and energy sectors located primarily in U.S.
Growth Factors:
- Increasing demand for titanium from the aerospace and defense industries as a result of its high strength-to-weight ratio and corrosion resistance.
- Growing popularity of titanium alloys in medical implants, prostheses, and other surgical applications due to their biocompatibility.
- Rising demand for lightweight vehicles due to stricter fuel economy standards worldwide.
- Increasing use of titanium in consumer electronics products such as smartphones and laptops due to its low weight and high strength properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Titanium Etching Market Research Report
By Type
Hydrofluoric Acid, Photochemical
By Application
Aerospace, Energy, Medical, Automotive
By Companies
Great Lakes Engineering, United Western Enterprises, VACCO Industries, Tech Met, Orbel, Veco BV, Advanced Chemical Etching, Wickeder Group, PCM Products, MICRO ETCH, Tech-Etch, Precision Micro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Titanium Etching Market Report Segments:
The global Titanium Etching market is segmented on the basis of:
Types
Hydrofluoric Acid, Photochemical
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Energy, Medical, Automotive
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Great Lakes Engineering
- United Western Enterprises
- VACCO Industries
- Tech Met
- Orbel
- Veco BV
- Advanced Chemical Etching
- Wickeder Group
- PCM Products
- MICRO ETCH
- Tech-Etch
- Precision Micro
Highlights of The Titanium Etching Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hydrofluoric Acid
- Photochemical
- By Application:
- Aerospace
- Energy
- Medical
- Automotive
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Titanium Etching Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Titanium etching is a process used to remove material from a surface. The titanium is heated until it liquefies and then the liquid metal is drawn across the surface to be etched.
Some of the major players in the titanium etching market are Great Lakes Engineering, United Western Enterprises, VACCO Industries, Tech Met, Orbel, Veco BV, Advanced Chemical Etching, Wickeder Group, PCM Products, MICRO ETCH, Tech-Etch, Precision Micro.
The titanium etching market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Titanium Etching Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Titanium Etching Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Titanium Etching Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Titanium Etching Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Titanium Etching Market Size & Forecast, 2020-2028 4.5.1 Titanium Etching Market Size and Y-o-Y Growth 4.5.2 Titanium Etching Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hydrofluoric Acid
5.2.2 Photochemical
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Energy
6.2.3 Medical
6.2.4 Automotive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Titanium Etching Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Titanium Etching Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hydrofluoric Acid
9.6.2 Photochemical
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Energy
9.10.3 Medical
9.10.4 Automotive
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hydrofluoric Acid
10.6.2 Photochemical
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Energy
10.10.3 Medical
10.10.4 Automotive
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hydrofluoric Acid
11.6.2 Photochemical
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Energy
11.10.3 Medical
11.10.4 Automotive
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hydrofluoric Acid
12.6.2 Photochemical
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Energy
12.10.3 Medical
12.10.4 Automotive
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hydrofluoric Acid
13.6.2 Photochemical
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Energy
13.10.3 Medical
13.10.4 Automotive
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Titanium Etching Market: Competitive Dashboard
14.2 Global Titanium Etching Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Great Lakes Engineering
14.3.2 United Western Enterprises
14.3.3 VACCO Industries
14.3.4 Tech Met
14.3.5 Orbel
14.3.6 Veco BV
14.3.7 Advanced Chemical Etching
14.3.8 Wickeder Group
14.3.9 PCM Products
14.3.10 MICRO ETCH
14.3.11 Tech-Etch
14.3.12 Precision Micro