Stratview Research has recently added a new report titled Titanium Sponge for Aerospace and Defense market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Titanium Sponge for Aerospace and Defense market.

The years considered in this report to estimate the market size of the market are:

• History Year: 2016-2019

• Forecast Year: 2021 to 2026

The key players covered in this report are –

  • Allegheny Technologies Incorporated (US)
  • BAOJI TITANIUM INDUSTRY (China)
  • Luoyang Shuangrui Wanji Titanium Industry (China)
  • OSAKA Titanium (Japan)
  • Solikamsk (Russia)
  • Tangshan Tianhe Titanium Industry (China)
  • Timet (US)
  • Toho Titanium (Japan)
  • VSMPO AVISMA (Russia)
  • Zunyi Titanium (China)

Market Highlights

The Titanium Sponge for Aerospace and Defense market is projected to grow from USD 1,674.2 million in 2020 to USD 2,168.7 million by 2026 at a CAGR of over 4.5% during the forecast period. Rising material requirement with low weight, high tensile strength, and superior corrosion resistance for improved durability & performance of the aircraft is likely to augment the market growth. Growing emphasis on enhancing the performance of commercial & military aircraft while reducing the total aircraft weight and improving the fuel efficiency further propels the product usage. However, the easy availability of low-cost substitutes in the form of scrap is likely to hamper the market growth during the review period.

Segment-wise analysis

Based on material, the titanium sponge for the aerospace and defense market has been classified into high grade, medium grade, and low grade. Under these, the high-grade segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. High-grade titanium sponge has purity levels over 99.7%, which is regarded as an aerospace grade. The rising need to cater to the increasing demand for high-grade titanium in aviation & military sectors further bolsters the segment growth.

By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is mainly ascribed to a strong presence of aircraft manufacturers such as Boeing, Lockheed Martin, etc., and strong military expenditure. Also, stringent regulations on improving the fuel efficiency of commercial aircraft further proliferate the regional market growth in the coming years.

To get more details about this report, click here- https://www.stratviewresearch.com/Request-Sample/2540/Titanium-Sponge-for-Aerospace-and-Defense-Market.html#form

The main steps in the investigation process are:

  • Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
  • The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
  • This report also provides market intelligence and throws light on critical insights into the market dynamics.

The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.

About Stratview Research

Stratview Research is a global market research firm with capabilities of providing complex market reports and other consulting services. Along with market reports, the firm also provides custom research services across the sectors covering industries like Energy Chemicals, Advanced Materials, Automotive, and Aerospace, and more.

In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.