Titanium in the Global Aerospace Industry will Witness Recovery in 2021 and Continued Growth to 2025 Following Pandemic Decline – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Titanium in the Global Aerospace Industry Report: Trends, Forecast and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.
The future of titanium in the global aerospace market looks promising with opportunities in commercial aircraft, military aircraft, helicopter, general aviation, and regional aircraft.
Titanium in the global aerospace industry is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to reach an estimated $4.1 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025.
The major growth drivers for this market are increasing deliveries of aircraft and the demand for lightweight titanium materials.
Emerging trends, which has a direct impact on the dynamics for titanium in the global aerospace industry, includes developing technology to reduce production cost and increasing applications of titanium in aircraft.
A total of 85 figures/charts and 75 tables are provided in this 152-page report to help in your business decisions.
The study includes the market size for titanium in the global aerospace industry and forecast for titanium in the global aerospace industry through 2024, segmented by aircraft type, application, alloy type, and region as follows:
Titanium in the Global Aerospace Industry by Aircraft Type [Value ($M) and Volume (M lbs) from 2014 to 2025]:
- Commercial Aircraft
- Military Aircraft
- Helicopter
- General Aviation
- Regional Aircraft
Titanium in the Global Aerospace Industry by Application Type [Value ($M) and Volume (M lbs) from 2014 to 2025]:
- Structure (airframe)
- Engine
- Other
Titanium in the Global Aerospace Industry by Alloy Type [Value ($M) and Volume (M lbs) for 2019]:
- Alpha
- Alpha + Beta
- Beta
Titanium in the Global Aerospace Industry by Region [Value ($M) and Volume (M lbs) from 2014 to 2025]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Some of the titanium companies profiled in this report include VSMPO-AVISMA, Berkshire Hathaway Incorporated, Allegheny Technologies Incorporated, Alcoa (previously RTI International Metals), Baoji Titanium Industry Co. Ltd., and Kobelco Group and others.
On the basis of its comprehensive research, Lucintel forecasts that the aircraft structure will remain the largest application over the forecast period. The major parts fabricated from titanium include seat tracks, fuselage chords, door frame, wing spar, and crown bulkhead chord. Increased focus on weight reduction and fuel efficiency by aircraft manufacturers has augmented the use of titanium alloys in aircraft structures.
Within the titanium in the global aerospace industry, commercial aircraft is expected to remain the largest segment and witness the highest growth by aircraft type due to an increase in aircraft delivery and increasing penetration of titanium alloys in commercial aircraft.
North America is expected to remain the largest region and witness the highest growth over the forecast period due to a significant increase in aircraft deliveries and increasing demand for lightweight materials.
This report answers the following 10 key questions:
Q.1 What are some of the most promising, high-growth opportunities for titanium in the global aerospace industry by aircraft type (commercial aircraft, military aircraft, helicopter, general aviation, and regional aircraft), by application (structure, engine, and others), by alloy type (alpha, alpha+beta, and beta) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats for titanium in the global aerospace industry?
Q.6 What are emerging trends for titanium in the global aerospace industry and the reasons behind them?
Q.7 What are some of the changing demands of customers for titanium in the global aerospace industry?
Q.8 What are the new developments for titanium in the global aerospace industry? Which companies are leading these developments?
Q.9 Who are the major players for titanium in the global aerospace industry? What strategic initiatives are being implemented by key players for business growth?
Q.10 What M&A activity has occurred in the last 5 years for titanium in the global aerospace industry?
Key Topics Covered:
1. Executive Summary
2. Industry Background and Classifications
3. Market Trends and Forecast Analysis from 2014 to 2025
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Berkshire Hathaway (Precision Castparts Corp.)
- VSMPO-AVISMA Corporation
- Allegheny Technologies Incorporated (ATI)
- Alcoa
- Baoji Titanium Industry Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/s7trii
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