Global High Purity Titanium Powder Market Size By Product (99.9~99.95%, >99.95%), By Application (Aerospace Industry, Automobile Industry), By Geographic Scope And Forecast

High Purity Titanium Powder Market Size And Forecast

High Purity Titanium Powder Market size was valued at USD 3.63 Billion by 2024 and is projected to reach USD 7.5 Billion in 2031, growing at a CAGR of 3.7% from 2024 to 2031.

Pure titanium is a light, silvery-white, hard, lustrous metal. Moreover, it has excellent strength and corrosion resistance and also has a high strength-to-weight ratio which acts as the major key growth driver of the High Purity Titanium Powder Market. The Global High Purity Titanium Powder Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global High Purity Titanium Powder Market Definition

Titanium is a silver metal that is strong, resistant to corrosion, as well as inert. It is the 9th abundant element in Earth’s crust. Rather of appear in large deposits, small amounts of titanium occur in almost every rock. Titanium is the main constituent in a small number of minerals. Titanium is a familiar metal. Therefore, several people know that it is used in, prosthetics, tennis rackets, jewelry, goalie masks, scissors, mobile phones, bicycle frames, surgical tools, and other high-performance products. Titanium is as strong as steel but weighs about half as much.

Furthermore, high-purity titanium attains balanced quality at low oxygen along with purity levels of 4N5 to 5N. It is produced in our exclusive EB melting furnace using a high-purity titanium sponge manufactured in our unique in-house version of the Kroll process. On the contrary, titanium is also associated with aluminum, molybdenum, vanadium, iron, nickel, as well as other metals to manufacture high-efficiency alloys. Therefore, jet engines, body armor, military equipment, bearings, spacecraft, and other high-tech products need parts made with these alloys.

In addition, high-purity titanium powder has been utilized as an alloying component for several applications for a long time now. Besides, by using it, constructing net shape parts becomes possible with zero or minimum material loss that goes with machine spiral parts using the constructed house. Furthermore, the use of titanium powder to print 3-dimensional automotive parts is one of the most recent breakthroughs in metal manufacturing. Also, it permits the manufacturing of different parts and components for aerospace and automobile frames and engines through 3D printing.

Global High Purity Titanium Powder Market Overview

Pure titanium is a light, silvery-white, hard, lustrous metal. Moreover, it has excellent strength and corrosion resistance and also has a high strength-to-weight ratio which acts as the major key growth driver of the High Purity Titanium Powder Market. On the contrary, titanium metal is considered to be non-toxic. Metal shavings, or powder, it is a considerable fire hazard. Titanium chlorides are corrosive which acts as the major restrain and diminishes the growth of the High Purity Titanium Powder Market. Moreover, pure titanium has high convolution grimness and its price is reasonable compared to other titanium alloys. Therefore, its highest strength is relatively low, it is the first-choice candidate for parts that have a volume that won’t be deformed by external forces.

Pure titanium is generally used in implants where high strength is not necessary. For instance, pure titanium is sometimes used to create fiber metal, a layer of metal fibers bonded to the surface of an implant that allows the bone to grow into the implant or allows cement to better bond to the implant for stronger fixation. In addition, economically pure titanium is a low-to-moderate strength metal that is not well suited for aircraft structures or engines. The yield strength of high-purity titanium is within the range of 170–480 MPa, which is too low for heavily loaded aerostructures. Besides, pure titanium was chosen for the experiment as the classic material of medical embed.

Global High Purity Titanium Powder MarketSegmentation Analysis

The Global High Purity Titanium Powder Market is Segmented on the basis of Product, Application, and Geography.

High Purity Titanium Powder Market, By Product

• 99.9~99.95%
• >99.95%

Based on Product, the market is segmented into 99.9~99.95% and >9.95%. The >99.95% holds the big market share. The grades of titanium have an ultimate tensile strength of about 434 MPa (63,000 psi), equal to that of common, low-grade steel alloys, but are less dense. Titanium is 60% denser than aluminum, but more than twice as strong as the most commonly used 6061-T6 aluminum alloy.

High Purity Titanium Powder Market, By Application

• Aerospace Industry
• Automobile Industry
• Petrochemical Industry
• Other

Based on Application, the market is segmented into Aerospace Industry, Automobile Industry, Petrochemical Industry, and Others. The Aerospace Industry segment holds a big market share. Therefore, alloys of titanium are mainly used in aerospace, aircraft, and engines where strong, lightweight, temperature-resistant materials are needed.

High Purity Titanium Powder Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, the Global High Purity Titanium Powder Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region is expected to witness the highest CAGR during the forecast period. This is primarily due to the rise in disposable income in these countries, and the growth in urbanization.

Key Players

The “Global High Purity Titanium Powder Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Cristal, ADMA Products, Global Titanium, Puris, Toho Titanium, Novelis Inc., Alcoa Corporation, Praxair S.T. Tech, ATI, and MTCO.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In January 2021, Alcoa and China Power Investment Corporation (CPI) have signed a memorandum of understanding (MOU) to collaborate on projects worth more than USD 7.5 Billion and energy projects over the years.
• In April 2020, Novelis Inc., the world leader in aluminum rolling and recycling, announced that it had completed the acquisition of Aleris Corporation, a global supplier of rolled aluminum products.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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