The Titanium Sponge for Aerospace & Defense Market is forecast to reach USD 2.27 Billion by 2028, according to a new report by Reports and Data. Titanium sponge is a form of titanium that is brittle and porous in nature. It shows high elasticity, with a high strength-to-weight ratio. It is utilized as a base for titanium billets, alloys, ingots, and others. Moreover, it shows low electrical and thermal conductivity and is one of the usual corrosion-resistant structural metals.
Titanium sponge is achieved by the administration of the Kroll process on raw titanium ore. The obtained titanium sponge has various impurities. These impurities usually are nitrogen, hydrogen, chlorine, silicon, oxygen, iron magnesium, among others.
PMC (Polymer matrix composite) compatibility is among the leading factor influencing the expansion and designing of aircraft due to the growing use of composites for the aircraft structures. Unlike aluminum, carbon, and its low alloy steels that produce high galvanic potential, Titanium is compatible with the carbon fibers in the PMC.
Utilization of parts made from these material alloys in fuselage frame, doorframes, seat rails, floor beam, engine mounts, turbines, and other such components is anticipated to surge the demand further. Resistance to fire, corrosion & shock, lightweight, low maintenance cost, biocompatibility and recyclability are among the various characteristics of titanium sponge. Increased emphasis on developing the performance of commercial and military aircraft by reducing the overall aircraft weight and improving fuel efficiency is the principal factor influencing the Titanium sponge demand.
The Asia Pacific region is forecasted to register the highest CAGR of 4.2% during the forecast period. Soaring demand from economies such as Japan, China, and India are encouraging the market demand in the APAC region. The largest consumer of magnet wires is China and is expected to maintain its position in the future years.
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The key questions answered in the report:
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Indicative Metrics
Chapter 4. Titanium Sponge for Aerospace & Defense Market Segmentation & Impact Analysis
4.1. Titanium Sponge for Aerospace & Defense Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Increasing demand for material with low weight, high tensile strength, and high corrosion resistance for aerospace industry
188.8.131.52. Increasing emphasis on products with improved strength and durability
184.108.40.206. Increasing number of commercial aircraft
4.2.3. Market restraints analysis
220.127.116.11. Availability of substitute product
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis…
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented into the Titanium Sponge for Aerospace & Defense Market on the basis of Category, Technology, Application and Region:
Category Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
Technology Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
Application Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
Regional Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
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