Global Titanium Ore Mining Market to Grow at a CAGR of 4.22% During the Forecast 2016-2020
Titanium is a transition metal with a melting point of 3,032F. The metal is abundant in the Earth's crust and has excellent corrosion resistant property. Ilmenite and rutile are the two major titanium ores. Titanium has a high strength-to-weight ratio and excellent temperature resistance properties. The aerospace and aviation industry is the prime end-user for titanium. The metal is lighter, and therefore, preferred for manufacturing high-speed aircraft, spacecraft, ships, and electrodes.
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