DUBLIN--(BUSINESS WIRE )--The "Titanium in The Global Aerospace Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The global aerospace titanium market is expected to reach an estimated $3.4 billion by 2026 with a CAGR of 9.2% from 2022 to 2027.
The future of the global aerospace titanium market looks promising with opportunities in commercial aircraft and military aircraft. The major drivers for this market are increasing deliveries of aircraft and the demand for lightweight titanium materials. There is continuous increasing trend of titanium usage per aircraft such as 4% in B747, 7% content in B777 and 15% in 787.
Emerging trends, which have a direct impact on the dynamics of the market, include developing technology to reduce production cost and increasing applications in aircraft.
The analyst forecasts that structure (airframe) will remain the largest application and it is expected to witness the highest growth over the forecast period due to increased focus on weight reduction and fuel efficiency by aircraft manufacturers.
Europe will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth in aircraft deliveries and increasing demand for light weight materials.
Some of the aerospace titanium manufacturers profiled in this report include Precision Castparts Corp., VSMPO-AVISMA Corporation, Allegheny Technologies Incorporated, Baoji Titanium Industry Co. Ltd., RTI International Metals, Inc., and Kobelco Group.
Features of the Global Aerospace Titanium Market
3. Market Trends and Forecast Analysis from 2016 to 2034
3.2: Titanium in the Global Aerospace Industry Trends and Forecast
3.3: Titanium in the Global Aerospace Industry by Aircraft Type
3.4: Titanium in the Global Aerospace Industry by Alloy Type
3.5: Titanium in the Global Aerospace Industry by Application
4. Market Trends and Forecast Analysis by Region
4.1: Titanium in the Global Aerospace Industry by Region
4.2: Titanium in the North American Aerospace Industry
4.2.1: Titanium in the US Aerospace Market
4.2.2: Titanium in the Canadian Aerospace Industry
4.3: Titanium in the European Aerospace Industry
4.3.1: Titanium in the French Aerospace Market
4.4: Titanium in the APAC Aerospace Industry
4.4.1: Titanium in the Chinese Aerospace Industry
4.4.2: Titanium in the Japanese Aerospace Industry
4.5: Titanium in the ROW Aerospace Industry
6. Growth Opportunities and Strategic Analysis
6.1.1: Growth Opportunities for Titanium in the Global Aerospace Market by Aircraft Type
6.1.2: Growth Opportunities for Titanium in the Global Aerospace Industry by Application
6.1.3: Growth Opportunities for Titanium in the Global Aerospace Industry by Region
6.2: Emerging Trends for Titanium in the Global Aerospace Industry
6.3.1: Mergers, Acquisitions, and Joint Ventures for Titanium in the Global Aerospace Industry
7. Company Profiles of Leading Players
7.1: Berkshire Hathaway (Precision Castparts Corp.)
7.5: Baoji Titanium Industry Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/2fwsy8
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900