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Titanium Sponge for Aerospace & Defense market to Showcase Significant Growth in the Coming Years

Author : Ronak Bora | Published Date : 2019-05-31 

Asia Pacific is expected to retain its dominant in titanium sponge for aerospace & defense market share. Its largest contribution to the global industry is due to the presence of largest production base in China and Japan. These two countries also contribute a significant share of the global Ti foam exports. According to U.S. Geological Survey import sources, Japan contributed to 78% of the total imports in the country over the duration of 2013 to 2016.

High-grade titanium sponge for aerospace & defense market segment is expected to retain its largest penetration share over the coming years. This can be primarily attributed to the requirement of high concentration levels of titanium to provide quality performance and least brittleness for aerospace applications.

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Apart from the emergence of eco-friendly titanium sponge, a new trend that is being observed across titanium sponge for aerospace & defense market is that of the manufacturing of titanium sponges by prominent space research institutions of a few nations for strategic purposes. For instance, in a bid to fulfill the ever-increasing titanium requirement for its space programs, the Indian Space and Research Organization’s (ISRO) Vikram Sarabhai Space Centre, in 2015, completed the construction of a full-fledged titanium sponge manufacturing plant at Chavara in the state of Kerala.

Commercial aircraft dominated the global titanium sponge for aerospace & defense market demand in 2017 accounting for around 60% of the industry size, is expected to retain its dominance over the forecast period. Airbus & Boeing contribute a significant share of the overall commercial aviation market share and are among the major Ti metal consumers.

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Titanium sponge for aerospace & defense market share has been witnessing a sharp uptick in the recent years owing to an increased emphasis on enhancing the fuel efficiency and lower the weight of military and commercial aircrafts. At the same time, it has been observed that numerous companies have been focusing on building technologically advanced facilities to manufacture environment friendly titanium sponge which has consequentially benefited the overall business space.

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Concurrently, the escalating demand for high tensile strength and light weight metals that are being increasingly deployed in armor plating & missiles, helicopters, fire walls, landing gear, and naval ships would further accelerate the titanium sponge for aerospace & defense market share expansion. Moreover, the rising utilization of components made from these material alloys in engine mounts, turbines, seat rails, floor beam, fuselage frame, and doorframes would undoubtedly augment the commercialization potential of titanium sponge for aerospace & defense industry in the forthcoming years.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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