Titanium and Titanium sponge Market Research

ABSTRACT: Titanium market remains cyclical

According to UK-based market research firm Merchant Research & Consulting Ltd. (UK), metallic titanium market is characterized of brief spans of extra-high demand and much more longer periods of demand downturn. Future prospects for titanium market are bright despite the current slump.

Economic state in major application areas, esp. aerospace industry, significantly affects titanium market thus leading to its thoroughly cyclical character. In 1958, demand for titanium dropped off significantly because the military shifted its focus from manned aircraft to missiles for which steel was more appropriate. Since then, the titanium industry has had various cycles of high and low demand. The Asian financial crisis in the late 90ies drastically affected titanium demand and manufacture. The year of 2001 witnessed revival heavily impeded by world economy slowdown.

Today, about 80% of titanium is used by the aerospace industry and 20% by non-aerospace industries. According to Roskill, the commercial aerospace industries in the USA and Europe are recovering strongly, and aerospace demand for high-grade titanium and titanium alloy mill products is growing at about 7% per year. While the U.S. airline industry has been in rough shape for quite some time especially after 9/11 terrorist attack, international airlines are ordering a lot of new planes now.

In the next ten years, the titanium industry could continue to expand driven by increased titanium consumption which is likely to remain stable until 2015.

The world fleet of passenger aircraft is forecast to double by 2025, and the new large passenger jets will use much higher proportions of titanium than current aircraft. The soaring cost of oil in recent years has encouraged orders for more fuel-efficient planes built with titanium.

Paint and varnish industry, which is not the main but rather stable Ti-consuming sector, will demonstrate growth in the demand for titanium products. Global titanium demand, paced by strong markets across the spectrum of commercial aerospace, defense and industrial-consumer markets, is expected to build on its recent growth, both in the near term and deep into the next decade. According to some experts, worldwide Ti demand will grow to over 300 million pounds by 2015.

This market research report entitled "Titanium and its sponge. Market report" also features the following information:

• World titanium market analysis;
• Global and regional titanium consumption structure;
• Prospects for the development of new titanium applications;
• Market for titanium and Ti sponge in the CIS countries;
• To name only a few subjects.