Title: Titanium Market - Forecast 2020-2025
1Titanium MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- Titanium Market size is forecast to reach 7,608
million by 2025, after growing at a CAGR of 4.7
during 2020-2025, owning to growing application
of titanium in various industries such as
automotive, construction, aerospace and so on.
Numerous applications of titanium alloys led by
their low thermal expansion and co-efficient fire
resistance properties, escalate the market demand
hugely. Due to its nontoxic nature it is used in
many medical equipment such as hip balls, hip
balls, sockets and dental implants. Titanium
circuits can also be used in applications that
involve heating elements, weighing, load cells
and force measurement, and can be used for flow
measurement, fluid pressure and temperature
measurement and strain gauge applications.
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- Key Takeaways
- North America and Europe are considered as vital
regions for the RD and they are also important
as sales markets. The US is considered to be an
important consumer market owing to its
technological advancements and increasing RD in
the manufacturing processes of the country. - In the world of chemical processing, titanium
pipes have been found to be very cost-effective
methods of resisting damaging corrosion in the
process line and is very often specified for
highly corrosive industrial applications and
frequently specified in processes which leads to
an increase in the usage of pipes which is
directly proportional to the market growth. - Due to the Covid-19 pandemic, many key end user
industries such as aerospace
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By Distribution Channel- Segment Analysis Plate
held the largest share in the Titanium Market in
2019 and is growing at a CAGR of 4.1 during the
forecast period, owning wide usage of titanium
plate in various applications, especially in the
medical or orthopedic implant functions. Titanium
plates are used in laptops for instance and is
present in Apple laptops as well as Samsung for
examples. Titanium sheets and plates are used in
the skin and frame structure of aircraft ranging
from high-speed military jets to large 747s.
Titanium plates are also used around the moving
parts of an aircraft and in aircraft propellers
and engines. Titanium plates and sheets have been
used in panels for skyscrapers to museums.
Memorials and statues have also been created
using titanium panels.
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- Titanium
Market Outlook -   Huntsman International
- Ineos Group
- Iluka Resources Ltd
- Sumitomo Corporation
- Vsmpo-Avisma Corporation
- Toho Titanium Co., Ltd
- Arconic Corporation
- Allegheny Technologies Incorporated
- TIMET
- Western Superconducting Technologies Co. Ltd
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Titanium Market -
Forecast 2020-2025 Learn More About the Report
_at_ https//www.industryarc.com/Report/18688/titan
ium-market.html
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
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