Market Overview:
The global titanium sponge for aerospace and defense market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The high-grade titanium sponge segment is expected to hold the largest share of the market in terms of value, while the low-grade titanium sponge segment is projected to grow at the highest CAGR during the forecast period. The commercial aircraft application segment is estimated to account for a major share of the global titanium sponge for aerospace and defense market in 2018. However, over time, as more stringent regulations are put forth by regulatory agencies such as FAA (Federal Aviation Administration) and EASA (European Aviation Safety Agency), military aircraft are anticipated to witness significant growth in terms of demand for titanium sponges used across various applications such as airframe structures, engines & engine parts, landing gears & control surfaces, among others.
Product Definition:
A sponge is a piece of material with a large surface area relative to its volume. The term usually refers to an object that has been rendered porous, such as by hammering or leaching. Titanium sponge is a high-purity form of titanium that has been reduced to fine particles and then heated until it forms a spongy mass. It is used in the manufacture of titanium alloys for aerospace and defense applications because it has excellent mechanical properties and can be processed into very thin sheets.
High-Grade Titanium Sponge:
High-grade titanium sponge is a type of casting compound used to produce high-tensile titanium parts. It has the ability to withstand extremely high temperatures and provide excellent strength, wear resistance, and corrosion resistance. The product also provides dimensional stability during casting operations.
The global demand for High-Grade Titanium Sponge (HGT) in aerospace & defense application was valued at USD 11,852.3 thousand in 2016.
Medium-Grade Titanium Sponge:
Medium-grade titanium sponges are made from the fusion of hexagonal and orthopedic titanium alloys. The product is manufactured in a controlled environment using state-of-the-art technology. It has been designed to provide high strength, rigidity, and corrosion resistance at an economical price point suitable for aerospace applications.
Application Insights:
Commercial aircraft was the largest application segment in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030. The commercial aviation industry has been growing significantly over the past few years owing to factors such as increasing disposable income, tourism, and leisure travel around the world. This growth has led to an increased number of air travelers which in turn is expected to boost product demand for commercial aircraft manufacturing over the forecast period.
The military aircraft segment accounted for 19% share of global titanium sponges for aerospace and defense market by revenue in 2017 due largelyto high-grade titanium sponge being usedin military jets, helicopters, drones & UAVsas armor plates among other applications including missile defense systems & space programs where itis used as a heat sink or radiation barrier among others.
Regional Analysis:
Asia Pacific dominated the global titanium sponge for aerospace and defense market in 2017. The presence of key aircraft manufacturers such as Boeing, Airbus, and Lockheed Martin along with other industry participants is expected to drive the demand for titanium sponges over the forecast period. Furthermore, increasing military expenditure by countries such as China and India are anticipated to fuel product demand in Asia Pacific region.
The North America market was valued at USD X million in 2017 owing to high production volume of commercial aircraft by companies including Boeing Co., Lockheed Martin Corporation., Gulfstream Aerospace Inc., among others which contribute significantly towards growth of this regional segment. Moreover, rising investments by players operating within this industry are projected to further propel growth over next eight years.
Growth Factors:
- Growing demand for titanium sponge in the aerospace and defense industry as a result of increasing aircraft production.
- Rising demand for titanium sponge from the emerging economies of Asia Pacific and Latin America due to their growing industrial base and rising purchasing power parity (PPP).
- Increasing use of titanium sponge in high-end applications such as jet engines, missiles, and satellites owing to its superior properties such as light weight, corrosion resistance, and strength-to-weight ratio.
- Technological advancements that have led to the development of new grades of titanium sponge with improved properties which is expected to boost its demand over the forecast period.
- Growing awareness about the benefits offered by titanium sponge among end users which is likely to propel its adoption in various industries including aerospace & defense, automotive, medical & dental implants etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Titanium Sponge for Aerospace and Defense Market Research Report
By Type
High-Grade Titanium Sponge, Medium-Grade Titanium Sponge, Low-Grade Titanium Sponge
By Application
Commercial Aircraft, Military Aircraft, Naval Ship, Armor Plating and Missile, Others
By Companies
Allegheny Technologies Incorporated, BAOJI TITANIUM INDUSTRY, Luoyang Shuangrui Wanji Titanium Industry, OSAKA Titanium, Solikamsk, Tangshan Tianhe Titanium Industry, Timet, Toho Titanium, VSMPO AVISMA, Zunyi Titanium, Allegheny Technologies Incorporated
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Titanium Sponge for Aerospace and Defense Market Report Segments:
The global Titanium Sponge for Aerospace and Defense market is segmented on the basis of:
Types
High-Grade Titanium Sponge, Medium-Grade Titanium Sponge, Low-Grade Titanium Sponge
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
Commercial Aircraft, Military Aircraft, Naval Ship, Armor Plating and Missile, Others
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:
- Allegheny Technologies Incorporated
- BAOJI TITANIUM INDUSTRY
- Luoyang Shuangrui Wanji Titanium Industry
- OSAKA Titanium
- Solikamsk
- Tangshan Tianhe Titanium Industry
- Timet
- Toho Titanium
- VSMPO AVISMA
- Zunyi Titanium
- Allegheny Technologies Incorporated
Highlights of The Titanium Sponge for Aerospace and Defense 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:
- High-Grade Titanium Sponge
- Medium-Grade Titanium Sponge
- Low-Grade Titanium Sponge
- By Application:
- Commercial Aircraft
- Military Aircraft
- Naval Ship
- Armor Plating and Missile
- Others
- 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 Sponge for Aerospace and Defense 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.
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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 sponge is a material that is used in aerospace and defense applications. It is made from titanium powder and water, and it can be used to create lightweight airfoils, heat shields, or other components. Titanium sponge can also be used to create composite materials
Some of the key players operating in the titanium sponge for aerospace and defense market are Allegheny Technologies Incorporated, BAOJI TITANIUM INDUSTRY, Luoyang Shuangrui Wanji Titanium Industry, OSAKA Titanium, Solikamsk, Tangshan Tianhe Titanium Industry, Timet, Toho Titanium, VSMPO AVISMA, Zunyi Titanium, Allegheny Technologies Incorporated.
The titanium sponge for aerospace and defense 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 Sponge for Aerospace and Defense 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 Sponge for Aerospace and Defense Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Titanium Sponge for Aerospace and Defense 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 Sponge for Aerospace and Defense 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 Sponge for Aerospace and Defense Market Size & Forecast, 2018-2028
4.5.1 Titanium Sponge for Aerospace and Defense Market Size and Y-o-Y Growth
4.5.2 Titanium Sponge for Aerospace and Defense Market Absolute $ Opportunity
Chapter 5 Global Titanium Sponge for Aerospace and Defense 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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Type
5.2.1 High-Grade Titanium Sponge
5.2.2 Medium-Grade Titanium Sponge
5.2.3 Low-Grade Titanium Sponge
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Titanium Sponge for Aerospace and Defense 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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Applications
6.2.1 Commercial Aircraft
6.2.2 Military Aircraft
6.2.3 Naval Ship
6.2.4 Armor Plating and Missile
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Titanium Sponge for Aerospace and Defense 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 Sponge for Aerospace and Defense 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 Titanium Sponge for Aerospace and Defense Analysis and Forecast
9.1 Introduction
9.2 North America Titanium Sponge for Aerospace and Defense 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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Type
9.6.1 High-Grade Titanium Sponge
9.6.2 Medium-Grade Titanium Sponge
9.6.3 Low-Grade Titanium Sponge
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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Applications
9.10.1 Commercial Aircraft
9.10.2 Military Aircraft
9.10.3 Naval Ship
9.10.4 Armor Plating and Missile
9.10.5 Others
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 Titanium Sponge for Aerospace and Defense Analysis and Forecast
10.1 Introduction
10.2 Europe Titanium Sponge for Aerospace and Defense 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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Type
10.6.1 High-Grade Titanium Sponge
10.6.2 Medium-Grade Titanium Sponge
10.6.3 Low-Grade Titanium Sponge
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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Applications
10.10.1 Commercial Aircraft
10.10.2 Military Aircraft
10.10.3 Naval Ship
10.10.4 Armor Plating and Missile
10.10.5 Others
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 Titanium Sponge for Aerospace and Defense Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Titanium Sponge for Aerospace and Defense 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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Type
11.6.1 High-Grade Titanium Sponge
11.6.2 Medium-Grade Titanium Sponge
11.6.3 Low-Grade Titanium Sponge
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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Applications
11.10.1 Commercial Aircraft
11.10.2 Military Aircraft
11.10.3 Naval Ship
11.10.4 Armor Plating and Missile
11.10.5 Others
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 Titanium Sponge for Aerospace and Defense Analysis and Forecast
12.1 Introduction
12.2 Latin America Titanium Sponge for Aerospace and Defense 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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Type
12.6.1 High-Grade Titanium Sponge
12.6.2 Medium-Grade Titanium Sponge
12.6.3 Low-Grade Titanium Sponge
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 Titanium Sponge for Aerospace and Defense Market Size Forecast by Applications
12.10.1 Commercial Aircraft
12.10.2 Military Aircraft
12.10.3 Naval Ship
12.10.4 Armor Plating and Missile
12.10.5 Others
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) Titanium Sponge for Aerospace and Defense Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Titanium Sponge for Aerospace and Defense 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) Titanium Sponge for Aerospace and Defense Market Size Forecast by Type
13.6.1 High-Grade Titanium Sponge
13.6.2 Medium-Grade Titanium Sponge
13.6.3 Low-Grade Titanium Sponge
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) Titanium Sponge for Aerospace and Defense Market Size Forecast by Applications
13.10.1 Commercial Aircraft
13.10.2 Military Aircraft
13.10.3 Naval Ship
13.10.4 Armor Plating and Missile
13.10.5 Others
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 Sponge for Aerospace and Defense Market: Competitive Dashboard
14.2 Global Titanium Sponge for Aerospace and Defense Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allegheny Technologies Incorporated
14.3.2 BAOJI TITANIUM INDUSTRY
14.3.3 Luoyang Shuangrui Wanji Titanium Industry
14.3.4 OSAKA Titanium
14.3.5 Solikamsk
14.3.6 Tangshan Tianhe Titanium Industry
14.3.7 Timet
14.3.8 Toho Titanium
14.3.9 VSMPO AVISMA
14.3.10 Zunyi Titanium
14.3.11 Allegheny Technologies Incorporated
