Titanium Sponge for Aerospace & Defense Market Analysis

Titanium Sponge for Aerospace & Defense Market Analysis

Requirement of aviation grade metals requires series of testing procedures for qualifying the materials for aerospace requirements. For instance, proof pressure testing and burst test subjects these materials to pressures over 500 bar. For qualifying in these tests, the most efficient method is to provide high grade material that feature purity levels of over 99.7%, also referred to as aerospace grade.
 

Requirement to meet the growing demands of aviation and military sectors, majority of the company sales and production include high grade materials, proliferating the high-grade titanium sponge for aerospace and defense market share. Moreover, owing to these factors, this segment is expected to witness highest growth over the forecast timeframe.
 

Leading commercial aircraft manufacturers, Airbus and Boeing that contribute to over 80% of the global commercial aerospace sector are among the prominent consumers of TI foam. As of 2017, these two players accomplished over 1400 aircraft deliveries. However, the company backlogs included over 13,000 as of the end of 2017.
 

B737 and B777 (Boeing model) required approximately 20 to 50 tons of Ti, whereas A320 (Airbus model) required 12 tons of TI for its manufacture. Upgraded models such as B787, A380, and A350 consume over 80 tons of Ti metal for its manufacture, which is more in terms of percentage by weight and volume than the prior conventional models. This trend is expected to drive the titanium sponge for aerospace & defense market size.

U.S. is anticipated to dominate the global titanium sponge for aerospace & defense market over the next seven years. Favored by the highest aerospace and defense expenditure across the globe, and the presence of the major aerospace sector brands that specifically include Boeing and Lockheed Martin, the region is expected to witness stable demand over the coming years. Moreover, utilization of these materials for naval ship hulls, ammunition and missile armor plating will present favorable growth landscape through the forecast period.
 

According to Global Market Insights analysis, China and Japan contributed to over 60% of the global Ti foam production. Moreover, owing to the existing geo-political issues several economies in the Asia Pacific region have escalated their defense expenditure over the past years. Requirement to maintain the strategic leadership over the neighboring economies, the region is expected to witness highest growth potential.