DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “The Titanium Age: Markets, Opportunities, and New Processes” report to their offering.
This report, the third version of the initial titanium study 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 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, a resource with enormous potential in a large number of markets, has been hobbled by high costs and volatile prices, processing difficulties, supply issues and industry-wide 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 tightened 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 scrap. These factors led to an extraordinary runup 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 offers substantial long term cost savings.
Part 1: Titanium Background
Part 2: Industry Landscape
Part 3: Cost Issues, Lead Times and Today’s Market Outlook
Part 4: Commercialization of Low-Cost Titanium
Part 5: Latent Demand and Market Opportunities
For more information visit http://www.researchandmarkets.com/research/65kv3n/the_titanium_age