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Aerospace Titanium Market Share

Report ID: GMI2080
Published Date: Feb 2023
Report Format: PDF

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Aerospace Titanium Market Share

Plymouth Tube Company USA
ATI
TIMET
Dynamic Metals Ltd.
Reliance Steel & Aluminum Co
Smiths Advanced Metals
JINHAO Co., Ltd.
ASM Aerospace Specification Metals, Inc.
Aubert & Duval
Jaco Aerospace
Shenyang Yongye Industry Co., Ltd.

Nippon Steel Corporation are some of the prominent players in the aerospace titanium market. Mergers and acquisitions and business expansions are among the strategies being employed by these market participants to boost their presence in the industry.

To cite an instance, in December 2021, Reliance Steel & Aluminum Co. announced the acquisition of Nu-Tech, a manufacturer of custom fabricated parts, welded components and specialized extruded metals. The aim behind this takeover was to achieve Reliance’s goal to diversify its products, customer base and geographic reach, with the support of Nu-Tech. The acquisition was also intended to help the company strengthen its specialty metals portfolio and establish a strong presence in the aerospace titanium industry.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of aerospace titanium crossed USD 1 billion in 2022 and will register over 5% CAGR from 2023 to 2032, due to the air travel recovery and the increasing commercial aircraft construction projects.

The aerospace titanium sheet segment is poised to depict nearly 5.5% gains through 2032, considering lightweight, high strength, biocompatibility, corrosion resistance, and other product attributes.

Asia Pacific aerospace titanium market is set to reach USD 400 million by 2032, owing to the growing population and the air travel recovery.

Plymouth Tube Company USA, ATI, TIMET, Dynamic Metals Ltd., Reliance Steel & Aluminum Co, Smiths Advanced Metals, Aubert & Duval, Jaco Aerospace, and Nippon Steel Corporation are some of the prominent players in the aerospace titanium industry.