The Business Research Company’s Titanium Sponge for Aerospace and Defense 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 Titanium Sponge for Aerospace and Defense Global Market Report 2023evaluates titanium sponge for aerospace and defense 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 titanium sponge for aerospace and defense market is expected to grow from $1.59 billion in 2022 to $1.68 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The titanium sponge for aerospace and defense market is expected to reach $1.98 billion in 2027 at a CAGR of 4.2%.
The growth of the aerospace and defense industries is expected to propel the growth of the titanium sponge for aerospace and defense market going forward. The Aerospace and defense industry comprises producers that create spacecraft and aircraft for military, commercial, tank, missile, and other weapon-related equipment. Titanium sponge is widely utilized in the aerospace and defense sectors because of its potential to lower aircraft weight, improve fuel economy, reduce emissions, and provide superior structural integrity, allowing for greater cargo capacity and larger safety margins. For instance, in 2022, according to the report published by the Aerospace Industries Association, a US-based association representing manufacturers and suppliers of civil, military, and business aircraft and helicopters, the aerospace and defense industry’s exports rose by 11.2% from 90.3 billion in 2021 to 100.4 billion in 2022. Therefore, the aerospace and defense industry’s growth drives the titanium sponge market for aerospace and defense market.
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The titanium sponge for aerospace and defense market segments in the report are:
1) By Category: High Grade, Medium Grade, Low Grade
2) By Technology: Purification, Reduction, Process Automation and Data Logging, Ejection
3) By Application: Commercial Aircraft, Military Aircraft, Naval Ship, Armor Plating and Missile, Other Applications
Top Major Players:
Allegheny Technologies Incorporated
Pangang Titanium
VSMPO-AVISMA Corporation
Advanced Technology & Materials Co. Ltd.
Baoji Titanium Industry Co. Ltd
North America was the dominate region in the titanium sponge for aerospace and defense market in 2022.
The table of contents in TBRC’s titanium sponge for aerospace and defense market report includes:
1. Executive Summary
2. Titanium Sponge For Aerospace And Defense Market Characteristics
3. Titanium Sponge For Aerospace And Defense Market Trends And Strategies
4. Titanium Sponge For Aerospace And Defense Market – Macro Economic Scenario
5. Global Titanium Sponge For Aerospace And Defense Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
…………………………………………………………………………………….
32. Global Titanium Sponge For Aerospace And Defense Market Competitive Benchmarking
33. Global Titanium Sponge For Aerospace And Defense Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Titanium Sponge For Aerospace And Defense Market
35. Titanium Sponge For Aerospace And Defense Market Future Outlook and Potential Analysis
36. Appendix
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