CLEVELAND, March 14, 2018 /PRNewswire/ -- US demand for titanium mineral concentrates is forecast to reach 1.2 million metric tons in 2022, according to Titanium: United States, a report recently released by Freedonia Focus Reports. Growing production of paint and plastic, supported by increasing building construction activity, will stimulate US titanium dioxide (TiO2) pigment production and consumption of the required concentrates. Rising TiO2 pigment production is forecast to account for the majority of gains in demand for titanium concentrates.
US demand for titanium metal in volume terms is forecast to grow 3.8% annually through 2022. Suppliers of titanium metal benefit from a lack of comparable substitutes for the material. Aerospace represents the largest application segment for titanium metal. Suppliers will benefit from rising production of aerospace equipment, primarily aircraft, as well as from the higher proportions of titanium consumed by aircraft manufacturers.
These and other key insights are featured in Titanium: United States. This report forecasts to 2022 US demand for titanium mineral concentrates, TiO2 pigments, and titanium metal in metric tons and nominal US dollars at the manufacturer level. Total demand for titanium mineral concentrates in metric tons represents TiO2 content and is segmented by application in terms of:
- TiO2 pigments
- other applications
Demand for TiO2 pigment in metric tons is segmented by application as follows:
- other applications
Demand for titanium metal in metric tons – including both metal sponge and scrap – is segmented by application as follows:
- industrial and other applications
To illustrate historical trends, total demand for titanium mineral concentrates, TiO2 pigment, and titanium metal in volume and value terms, and the various segments in volume terms are provided in annual series from 2007 to 2017.
More information about the report is available at https://www.freedoniafocusreports.com/Titanium-United-States-FF65014/
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Energy & Resources reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
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SOURCE The Freedonia Group