A12607 | Pages: NA | Sep 2022 | 937 Views | ||
Author(s) : Onkar Sumant | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Titanium Mill Products Market
Request Now !Titanium is a chemical element with the symbol Ti and atomic number 22. It is a transition metal with high strength and low density. Titanium mill products are manufactured from the drawing, forging, and rolling of titanium ingot or slab into products of various shapes and sizes. Allied Titanium offers a broad variety of mill products that include pipe & tube, plate, rod & bar, sheet, and wire. Titanium, with a high strength-to-weight ratio and corrosion resistance, is widely used by the general public. Titanium mill products exhibit high melting point, low specific gravity, high specific strength, good toughness, anti-fatigue, corrosion resistance, low thermal conductivity, high and low temperature tolerance, and little stress under rapid cooling and hot conditions.
Market Scope and Structure Analysis
Report Metric | Details |
 Market Size Available for Years  |  2020-2030 |
 Base Year Considered  |  2020 |
 Forecast Period  |  2021-2030 |
 Forecast Unit  |  Value (USD) |
 Segments Covered  |  Product- volume, Application/ End-user industry |
 Regions Covered  |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | VSMPO-AVISMA, Timet , RIT, ATI, OSAKA Titanium, Toho Titanium, KV-Titan, BaoTi, Western Metal Materials, Pangang Group, Zhongbei Tai Ye, Baosteel Group, Western Superconducting Technologies |
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COVID-19 Impact analysis
Top Impacting Factors
The titanium mill products market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The growth in the aerospace industry is expected to fuel the growth of the titanium mill products market size. The passenger travel demand is also anticipated to grow over the next 20 years, contributing to the increase in aircraft production. These factors and the rise in development of new-generation aircraft are projected to drive the demand for titanium mill products in the aerospace industry. The market is witnessing a huge demand for titanium over copper-nickel in seawater service applications due to its intrinsic corrosion resistance and high-density properties. In addition, titanium metal is considered more economical than copper-nickel due to its weight and space considerations on floating production systems. Furthermore, titanium is increasingly used in power generation projects in seawater due to its high tensile strength.
Market Trends
Key Segments Covered
Product- volume
Application/ End-user industry
Region
Key Benefits of the Report
Key Market Segments
Segments | Sub-segments |
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By Product Volume |
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By Application |
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By Region |
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Key Market Players
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