According to a market report by Lucintel, the future of the global titanium sponge market looks promising with opportunities in the aerospace & defense, chemical, ocean & ship, and electric power markets. The global titanium sponge market is expected to reach an estimated $1.8 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increasing application in the production of lightweight materials, growing demand from aerospace and defense industries, and rise in titanium consumption for medical implants.
A more than 150-page report to understand trends, opportunity and forecast in titanium sponge market to 2030 by type (Ti>99.7, Ti 99.5~99.7, Ti 99.3~99.5, and Ti below 99.3), application (aerospace & defense, chemical, ocean & ship, electric power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that Ti 99.5~99.7 is expected to witness highest growth over the forecast period due to its weightlessness and corrosion resistance.
Within this market, aerospace & defense is expected to witness highest growth due to increasing air travel demand and growing interest of peoples in space exploration.
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North America will remain the largest region over the forecast period due to presence of defense and aerospace sectors in the region.
AVISMA, UKTMP, ZTMK, Timet, ATI, OSAKA Titanium, Toho Titanium, Zunyi Titanium, Pangang Titanium, Luoyang Shuangruwanji Titanium are the major suppliers in the titanium sponge market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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