Market Overview:
The global titanium sponge for aerospace & defense 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 sponge from the aerospace and defense industries. Titanium sponge is a key raw material used in the manufacturing of titanium alloys, which are extensively used in aircraft and spacecraft components due to their high strength-to-weight ratio and corrosion resistance. In addition, rising concerns over safety and security are also driving the demand for titanium alloys in defense applications. North America is expected to lead the global titanium sponge for aerospace & defense market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Titanium sponge is a porous, high surface area form of titanium that is used as a starting material for the production of titanium metal. Titanium sponge has many important applications in the aerospace and defense industries, including use in aircraft engines, missiles and spacecraft.
Ti>99.7:
Ti >99.7 is a range of titanium alloys with composition less than 0.3% carbon by weight and more than 99.7% titanium, which has application in aerospace & defense industry due to its properties such as high strength and corrosion resistance at elevated temperatures.
Ti: 99.5-99.7:
Ti: 99.5-99.7 is a type of titanium with composition of about 99.5% Ti and about 0.2% iron, 1% magnesium, and 0.3% calcium by weight which is used in sponges for aerospace & defense applications due to high strength as compared to other grades of titanium metal.
Application Insights:
Aerospace application segment accounted for the largest share of over 50% in 2017. Titanium sponges are used as an effective corrosion preventive agent and to protect structural components against harsh environments such as high temperatures, high pressure, and oxidation. The product is also used in various other applications such as engine components, landing gear systems, heat shields for helicopters and aircraft engines.
Regional Analysis:
Asia Pacific dominated the global titanium sponge for aerospace & defense market in 2017. The growth is attributed to increasing military spending by countries such as China and India. In addition, rising passenger traffic in the aviation industry is expected to drive demand over the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to high demand from major application sectors including aerospace and defense. Increasing R&D activities related to sponges are also anticipated to fuel regional product demand over the forecast period.
North America region is projected witness steady growth on account of growing investments by companies operating within it, especially with respect to research centers involved with developing new products based on titanium alloys that meet specific requirements associated with various end-use markets including aerospace & defense and automotive applications among others (Saunders et al., 2016).
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 aircraft engines, airframes, and other critical components that require superior mechanical properties and light weighting.
- Technological advancements that have led to higher purity grades of titanium sponge, which is driving its adoption in more sophisticated applications such as medical implants and prosthetics.
- Growing awareness among consumers about the benefits of using titanium sponge over other materials in various end-use applications, which is resulting in an increase in its adoption across different industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Titanium Sponge for Aerospace & Defense Market Research Report
By Type
Ti>99.7, Ti: 99.5-99.7
By Application
Aerospace, Defense
By Companies
AVISMA, UKTMP, ZTMK, Timet, ATI, OSAKA Titanium, Toho Titanium, Zunyi Titanium, Pangang Titanium, Luoyang Shuangrui Wanji Titanium, Chaoyang Jinda, Baotai Huashen, Yunnan Xinli, Chaoyang Baisheng, Anshan Hailiang, Shanxi Zhuofeng
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Titanium Sponge for Aerospace & Defense Market Report Segments:
The global Titanium Sponge for Aerospace & Defense market is segmented on the basis of:
Types
Ti>99.7, Ti: 99.5-99.7
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, Defense
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:
- AVISMA
- UKTMP
- ZTMK
- Timet
- ATI
- OSAKA Titanium
- Toho Titanium
- Zunyi Titanium
- Pangang Titanium
- Luoyang Shuangrui Wanji Titanium
- Chaoyang Jinda
- Baotai Huashen
- Yunnan Xinli
- Chaoyang Baisheng
- Anshan Hailiang
- Shanxi Zhuofeng
Highlights of The Titanium Sponge for Aerospace & 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:
- Ti>99.7
- Ti: 99.5-99.7
- By Application:
- Aerospace
- Defense
- 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 & 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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- Correctly Positioning New Products
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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 sponge is a type of material that is used in aerospace and defense applications. It is made from titanium powder and water, and it can be used to create parts or assemblies that are lightweight but strong. Titanium sponge can also be heat-treated to make it more durable.
Some of the major companies in the titanium sponge for aerospace & defense market are AVISMA, UKTMP, ZTMK, Timet, ATI, OSAKA Titanium, Toho Titanium, Zunyi Titanium, Pangang Titanium, Luoyang Shuangrui Wanji Titanium, Chaoyang Jinda, Baotai Huashen, Yunnan Xinli, Chaoyang Baisheng, Anshan Hailiang, Shanxi Zhuofeng.
The titanium sponge for aerospace & defense market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Titanium Sponge for Aerospace & Defense Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Titanium Sponge for Aerospace & Defense Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Titanium Sponge for Aerospace & Defense Market - Supply Chain
4.5. Global Titanium Sponge for Aerospace & Defense Market Forecast
4.5.1. Titanium Sponge for Aerospace & Defense Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Titanium Sponge for Aerospace & Defense Market Size (000 Units) and Y-o-Y Growth
4.5.3. Titanium Sponge for Aerospace & Defense Market Absolute $ Opportunity
5. Global Titanium Sponge for Aerospace & Defense Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Type
5.3.1. Ti>99.7
5.3.2. Ti: 99.5-99.7
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Titanium Sponge for Aerospace & Defense Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Defense
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Titanium Sponge for Aerospace & Defense Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Titanium Sponge for Aerospace & Defense Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Titanium Sponge for Aerospace & Defense Demand Share Forecast, 2019-2029
9. North America Titanium Sponge for Aerospace & Defense Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Defense
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Type
9.7.1. Ti>99.7
9.7.2. Ti: 99.5-99.7
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Titanium Sponge for Aerospace & Defense Demand Share Forecast, 2019-2029
10. Latin America Titanium Sponge for Aerospace & Defense Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Defense
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Type
10.7.1. Ti>99.7
10.7.2. Ti: 99.5-99.7
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Titanium Sponge for Aerospace & Defense Demand Share Forecast, 2019-2029
11. Europe Titanium Sponge for Aerospace & Defense Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Defense
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Type
11.7.1. Ti>99.7
11.7.2. Ti: 99.5-99.7
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Titanium Sponge for Aerospace & Defense Demand Share, 2019-2029
12. Asia Pacific Titanium Sponge for Aerospace & Defense Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Defense
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Type
12.7.1. Ti>99.7
12.7.2. Ti: 99.5-99.7
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Titanium Sponge for Aerospace & Defense Demand Share, 2019-2029
13. Middle East & Africa Titanium Sponge for Aerospace & Defense Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Titanium Sponge for Aerospace & Defense Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Defense
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Titanium Sponge for Aerospace & Defense Market Size and Volume Forecast by Type
13.7.1. Ti>99.7
13.7.2. Ti: 99.5-99.7
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Titanium Sponge for Aerospace & Defense Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Titanium Sponge for Aerospace & Defense Market: Market Share Analysis
14.2. Titanium Sponge for Aerospace & Defense Distributors and Customers
14.3. Titanium Sponge for Aerospace & Defense Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AVISMA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. UKTMP
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ZTMK
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Timet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ATI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. OSAKA Titanium
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Toho Titanium
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zunyi Titanium
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pangang Titanium
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Luoyang Shuangrui Wanji Titanium
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chaoyang Jinda
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Baotai Huashen
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yunnan Xinli
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Chaoyang Baisheng
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Anshan Hailiang
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shanxi Zhuofeng
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
