The Business Research Company’s Aerospace Titanium Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Aerospace Titanium Global Market Report 2023 evaluates aerospace titanium market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global aerospace titanium market, valued at $2.61 billion in 2022, is primed for a substantial evolution, with expectations of ascending to $2.83 billion in 2023. This transition is underpinned by an impressive Compound Annual Growth Rate (CAGR) of 8.1%.
However, the intricate web of global events, notably the Russia-Ukraine war, has cast a shadow on the prospects of immediate global economic recuperation from the COVID-19 pandemic. This geopolitical strife has prompted an array of repercussions, including economic sanctions imposed on several nations, a pronounced escalation in commodity prices, and disruptions within the intricate fabric of global supply chains. These disruptive forces have triggered inflationary pressures that have reverberated across goods and services markets, thereby impacting numerous sectors on a global scale.
Despite these challenging circumstances, the global aerospace titanium market retains its resilience. With a steady CAGR of 7.4%, it is anticipated to attain a noteworthy market size of $3.76 billion by 2027.
In conclusion, the global aerospace titanium market stands as a pivotal arena of growth and transformation, its course influenced by the nuanced interplay of geopolitical tensions and global economic dynamics. The industry’s enduring trajectory underscores its critical role in global aerospace advancement.
The upswing in military expenditures is poised to serve as a compelling catalyst for the burgeoning expansion of the aerospace titanium market in the foreseeable future. Military spending, denoting the financial outlays by a government for the provisioning of its armed forces with weaponry, equipment, and personnel, plays a pivotal role in shaping the aerospace titanium landscape.
Aerospace titanium, prized for its unique combination of attributes, finds its application in a spectrum of critical sectors, including aircraft, armor plating, naval vessels, spacecraft, and missile systems. This versatile material stands out due to its remarkable tensile strength-to-density ratio, exceptional corrosion resistance, and its capacity to endure high temperatures without exhibiting creep.
To exemplify the relevance of military spending, in August 2022, Visual Capitalist, a prominent media and news entity based in Canada, reported that global military expenditure tallied an impressive $2.1 trillion in 2021. This marked the seventh consecutive year of augmented investment in military resources.
In summation, the surge in military spending significantly underpins the trajectory of the aerospace titanium market. It is emblematic of the integral role this market plays in bolstering and enhancing the capabilities of military forces and underscores its continued growth prospects in the global landscape.
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The aerospace titanium market segments in the report are:
1) By Type: TC4, TC6, TC16, Ti555, Other Types
2) By Alloy Type: Alpha, Alpha+Beta, Beta
3) By Aircraft Type: Commercial Aircraft, Regional Aircraft, General Aviation, Helicopters, and Military Aircraft
4) By Application: Structural Airframes, Engines, and Other ApplicationsType: TC4, TC6, TC16, Ti555, Other Types
Top Major Players
Acnis International
Supra Alloys
Bralco Metals Inc.
Kobelco Group
Precision Castparts Corporation
The table of contents in TBRC’s aerospace titanium market report includes:
1. Executive Summary
2. Aerospace Titanium Market Characteristics
3. Aerospace Titanium Market Trends And Strategies
4. Aerospace Titanium Market – Macro Economic Scenario
5. Aerospace Titanium Market Size And Growth
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26. Africa Aerospace Titanium Market
27. Aerospace Titanium Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aerospace Titanium Market
29. Aerospace Titanium Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Aerospace Titanium Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Aerospace Titanium Market, Segmentation By Alloy Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Aerospace Titanium Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: Acnis International Financial Performance
Table 48: Supra Alloys Financial Performance
Table 49: Bralco Metals Inc Financial Performance
Table 50: Kobelco Group Financial Performance
Table 51: Precision Castparts Corporation Financial Performance
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