Titanium used in aerospace expected to reach $5.4 billion by 2030

Norsk Titanium
Norsk Titanium

The future of titanium in the global aerospace market looks promising with opportunities in the commercial aircraft, military aircraft, helicopter, general aviation, and regional aircraft, according to a new report.

Titanium in the global aerospace industry is expected to reach an estimated value of $5.4 billion by 2030 with a CAGR of 3.6% from 2018 to 2030. The major growth drivers for this market are increasing deliveries of aircraft and the demand for lightweight titanium materials.

Emerging trends include developing technology to reduce production cost and increasing applications of titanium in aircraft.

The study includes the market size for titanium in the global aerospace industry and forecast for titanium in the global aerospace industry through 2023, segmented by aircraft type, application, alloy type, and region.

Some of the titanium companies profiled in this report include VSMPO-AVISMA, Berkshire Hathaway Incorporated, Allegheny Technologies Incorporated, Alcoa (previously RTI International Metals), Baoji Titanium Industry and Kobelco Group.

On the basis of its research, Lucintel forecasts that the aircraft structure will remain the largest application over the forecast period. The major parts fabricated from titanium include seat tracks, fuselage chords, door frame, wing spar, and crown bulkhead chord. Increased focus on weight reduction and fuel efficiency by aircraft manufacturers has augmented the use of titanium alloys in aircraft structure.

Within the titanium in global aerospace industry, commercial aircraft is expected to remain the largest segment and witness the highest growth by aircraft type due to an increase in aircraft delivery and increasing penetration of titanium alloys in commercial aircraft.

North America is expected to remain the largest region and witness the highest growth over the forecast period due to a significant increase in aircraft deliveries and increasing demand for lightweight materials.


Norsk Titanium

Related Articles

Reliable oxygen monitor for titanium welding

Prior to welding of titanium, widely practiced in the aerospace industry, the oxygen content of the purge gas must be reduced to a level below 50 ppm. Engine components such as discs, blades, shafts and casings, from the front fan to the rear of the engine, and fasteners, airframe components and landing gear are all examples where titanium is used. Further examples are fuel tanks for satellites and military jets. Components such as wing spars have also been made recently out of titanium using the Wire Arc Additive Manufacturing (WAAM) process. The innovative PurgEye Desk, a new monitor designed and manufactured by weld purging experts Huntingdon Fusion Techniques (HFT), is leading the way in inert gas weld purging technology by reading oxygen levels from 1,000 ppm, right down to levels as low as 1ppm (highly accurate to 10 ppm), ensuring welders achieve perfect oxide free, zero colour welds time and time again. Ron Sewell, chairman for HFT said: “The PurgEye Desk is for use with Welding Chambers and Enclosures, as well as with Orbital Welding Machines and other Automatic Welding Systems. One huge addition to the PurgEye Desk is the revolutionary PurgeNet, for the in-line connection of additional accessories that allows the Weld Purge Monitor to control welding systems based upon oxygen level as well as to provide indications of high and low oxygen levels and even give dew point measurements.” The rugged, high frequency proof PurgEye Desk has automatic fault finding diagnostics that can detect and report a number of possible faults. It also features an OLED (organic light-emitting diode) display giving brighter, sharper readings at longer distances. With a fast-response, long-life sensor having little maintenance requirement, the PurgEye Desk Weld Purge Monitor comes complete with an integral pump to deliver the exhausting purge gas to the measuring sensor on a consistent basis to allow precision control of the welding systems. The PurgEye Desk is also a highly recommended monitor when welding in the Additive Manufacturing, automotive and titanium bicycle industry. www.huntingdonfusion.com
1 year ago Products
Most recent Articles

Login / Sign up