Global Titanium Markets, Opportunities and New Technologies Report 2019: In the Last Decade, Suppliers of Titanium Sponge and Other Products Rapidly Expanded

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Mar 07, 2019, 10:12 ET

DUBLIN, March 7, 2019 /PRNewswire/ -- The "The Titanium Age: Markets, Opportunities and New Technologies, 2019" report has been added to ResearchAndMarkets.com's offering.

This report analyzes current markets in titanium, pricing and supply issues in a range of titanium products like scrap, sponge, ingot, plate, etc., and effects of current economic, supply and demand conditions. The report also discusses emerging market opportunities through the maturing of technologies that promise to reduce the cost of titanium extraction, manufacturing, machining and welding. Forecasts are provided for both traditional and potential new titanium markets in a number of key sectors.

Titanium, an abundant resource with enormous potential in a large number of markets, has been hobbled by high costs, unstable volatile prices, processing difficulties, supply issues and industrywide inefficiencies. Titanium has the highest strength-to-density ratio of any metal, is essentially nonmagnetic, and is highly resistant to corrosion, even in hostile environments like salt water. Furthermore, it is highly biocompatible. Titanium has become well established in aerospace, trucks and heavy vehicles, medicine, chemical processing and general industry.

In recent years titanium suppliers have worked hard to bring the benefits of titanium to new applications, but just as new markets for titanium have opened up, the supply of titanium has fluctuated considerably, with notable effects on prices. Much of the constricting of supply was attributable to sharply rising aerospace demand as well as greater use in steel production, which reduced the supply of available scrap. These factors have led, in the past, led to extraordinary runups in prices, where some more than doubled in a single year, and some users were simply unable to obtain the titanium they needed. The volatility dampened enthusiasm for titanium in new markets where it could offer substantial long term cost savings and the instability often made it impossible to cultivate new markets.

In the last decade, suppliers of titanium sponge and other products rapidly expanded their output, only to see demand and prices drop with the recession. Today, after several years of sluggish demand for many commodities, titanium is rebounding and as the aerospace sector has worked through its stockpiled titanium, demand has been restored to reasonably healthy levels as the capacity for most products has leveled off. Emerging markets, particularly medical, are even outpacing traditional markets.

Throughout all this, a number of low cost processing and manufacturing technologies have continued development that promises titanium (commercially pure and alloyed), potentially at greatly reduced cost. These processes, some of which are already commercialized, will significantly reduce costs in extraction, machining, welding and manufacture of titanium while relieving supply issues that have plagued users in the past.

The promise of supply stability and lower prices can be expected to create an opening whereby new markets can be captured, bringing titanium to a broad range of new applications. Low cost production processes could provide a substantial investment opportunity.

Understand the Markets

This study analyzes the current state of traditional titanium markets and current economic conditions. The effects of emerging low cost titanium processes and the market forces that will determine the future of the industry are investigated in detail. New and sometimes unexpected market opportunities are analyzed and forecasts are provided for both traditional markets, some of them unaffected by low cost processes, and new market opportunities created by low cost titanium.

The report is based on more than 100 in-depth interviews with experts from industry, Government and academia, as well as a broad range of published materials.

Key Topics Covered:

Executive Summary

E1 Introduction
E2 Background: Titanium
E3 The Titanium Industry Today
E4 Supply and Capacity Issues

Figure ES-1 Sponge Capacity by Country
Figure ES-2 Commercial Aircraft Deliveries, Passenger
Figure ES-3 Titanium Use by Aircraft Type

E5 Price Trends

Figure ES- 4 Sample Plate Price Trends, Alloy Plate

E6 Demand Outlook

Figure ES-5 Global Metallic Titanium Demand, Conventional Forecast
Figure ES-6 Global Titanium Demand by Market, Conventional Forecast, Industrial, Medical and Consumer Sectors

E7 Commercialization of Low-Cost Titanium Processes
E8 Effect of a New Low-Cost Player
E9 Latent Demand

Figure ES-7 Global Automotive Latent Demand
Figure ES-8 Global Latent Defense Demand, Armor
Figure ES-9 Global Industrial Latent Demand

Part I Background on Titanium
1.1 Overview
1.2 Titanium in Industry
1.3 History
1.4 Titanium Production
1.5 Issues with Titanium

Part II Industry Landscape
2.1 The Demand Side
2.1.1 The Aerospace Sector
2.1.1.1 Titanium Deployment in Aircraft
2.1.1.2 The Evolving Aerospace Market
2.1.1.3 Regulations and Certification
2.1.2 Industry, Chemical Processing, etc
2.1.2.1 Industrial Markets
2.1.3 Medical Applications
2.1.4 Consumer Markets
2.1.5 Automotive Applications
2.1.5.1 Passenger Cars
2.1.5.2 Trucks and Heavy Vehicles
2.2 The Supply Side
2.2.1 Titanium Supply, Demand and Price Dynamics
2.2.2 Pre-Melt: Sponge and Scrap
2.2.2.1 Sponge
2.2.2.2 Scrap
2.2.3 Melt Products
2.2.4 Mill Products
2.2.5 Capacity Today
2.3 Demand Drivers, Effects on Prices
2.3.1 The Aerospace Factor
2.3.2 Other Factors in Supply
2.3.3 The Effect on New Markets
2.4 Industry Contracts, Agreements and Price Negotiations

Part III Cost Issues, Lead Times and Today's Market Outlook
3.1 Effects of Price Volatility and Industry Structure
3.2 Price Behavior and Forecasts
3.2.1 Sponge
3.2.2 Scrap
3.2.3 Melt Products
3.2.3.1 Slab
3.2.3.2 Ingot
3.2.3.3 Plate
3.3 Today's Market Outlook
3.3.1 Post-Recession Factors
3.3.2 Recovery of the Titanium Industry
3.4 Lead Times
3.5 Effects of Trade Wars, Sanctions, etc

Part IV Commercialization of Low-Cost Titanium
4.1 Introduction
4.2 Raw Material Issues
4.3 Composition and Alloying
4.4 Quality, Purity, Performance
4.5 Ore-To-Metal Processes
4.5.1 MER/DuPont
4.5.2 Rio Tinto
4.5.3 UTRS, Inc
4.6 The Powder Advantage
4.6.1 Introduction
4.6.2 MMS-Scanpac
4.6.3 University of Utah
4.6.4 ADMA Products
4.6.5 ITP/Cristal Metals
4.6.6 Metalysis
4.6.7 Oak Ridge/Boeing
4.6.8 Powder Applications, Demand & Pricing
4.6.9 MIM
4.6.10 3-D Printing/Additive Manufacturing
4.7 Manufacture & Fabrication
4.7.1 American Titanium Works
4.7.2 Ti Squared Technologies
4.8 Machining
4.9 Welding
4.10 Titanium Process Commercialization
4.11 Effect of a New, Low-Cost Player

Part V Latent Demand and Market Opportunities
5.1 Current Market Outlook: Conventional and Latent Demand
5.2 Consumer Markets
5.2.1 Established Consumer Applications
5.2.1.1 Sporting Goods
5.2.1.2 Jewelry
5.2.1.3 Architecture
5.2.1.4 Marine Markets
5.2.1.5 Price and Supply Issues
5.2.1.6 Latent Consumer Demand
5.3 Automotive Markets
5.3.1 Trucks and Commercial Vehicles
5.3.1.1 Turbocharger Compressor Wheels
5.3.1.2 Valve Train
5.3.1.3 Connecting Rods
5.3.1.4 Exhaust Systems
5.3.1.5 Suspensions
5.3.2 Opportunities in Mass Market Autos
5.3.2.1 Valve Train, Valves, Valve Springs
5.3.2.2 Connecting Rods
5.3.2.3 Exhaust Systems
5.3.2.4 Suspensions
5.3.3 Racing, Motorcycles and Other Small Vehicles
5.3.4 Regulations and Fuel Economy
5.3.5 Economics
5.3.6 Latent Automotive Demand
5.4 General Industry, Oil & Gas, Mining, etc
5.4.1 Chemical Processing, Pharmaceuticals, etc
5.4.2 Oil & Gas, Mining
5.4.3 Power Generation
5.4.4 Pulp & Paper
5.4.5 Desalination
5.4.6 Latent Industrial Demand
5.5 Aerospace
5.6 Defense
5.6.1 Armor
5.6.1.1 Armoring Vehicles
5.6.1.2 Non-Vehicle Armor
5.6.1.3 Fuel Economy
5.6.1.4 Procurement Issues
5.6.2 Naval Applications
5.6.3 Latent Defense Demand
5.7 Medical Markets
5.7.1 Orthopedic Devices: Implants, Trauma Fixtures, etc
5.7.2 Surgical Instruments
5.7.3 Latent Medical Demand

Appendix A Glossary of Terms

Appendix B Professional Biography

For more information about this report visit https://www.researchandmarkets.com/research/q267p4/global_titanium?w=5

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