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Global Titanium Mill Products Market to Grow at a CAGR of 3.78% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Titanium Mill Products Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 04/04/2016 -- Report forecast the global titanium mill products market to grow at a CAGR of 3.78% during the period 2016-2020.

Titanium is a transition metal that is mined from rutile and ilmenite ores. It has a high melting point and offers excellent strength-to-weight ratio, corrosion resistance, and high thermal conductivity.

The commercial aerospace and defense sectors are the prominent end-users of titanium mill products. The metal is extensively used in the production of super light, high-speed spacecraft; aircraft; satellites; and ships. Chemical processing plants, healthcare, and power generation sectors are the other prominent users for titanium-milled products.

The demand for titanium within the aerospace market can be attributed to the demand for new-fangled and innovative aircraft designs with increased carbon fiber reinforced polymer (CFRP) composition.

The report covers the present scenario and the growth prospects of the global titanium mill products market for 2015-2020. The report considers the sales volume of vendors that supply titanium mill products to calculate the market size.

The market is divided into the following segments based on geography:
- North Americas
- Europe

According to the report, the rising demand for titanium mill products in aircraft carriers, defense equipment, and chemical processing industries such as oil and gas, power generation, and healthcare segments is driving the market growth.

Further, the report states that slow machining processes and high buy-to-fly ratio ratio result in the high cost of titanium fabrication. The hardness of titanium also makes it more difficult to machine than traditional aluminum. This presents a challenge that is similar to machining high-strength steel.

Global Titanium Mill Products Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Titanium Mill Products Market: Alcoa Inc., Allegheny Technologies (ATI) Inc., Baoji Titanium Co., Ltd., Precision Castparts Corp., and VSMPO-AVISMA Corp.

Other Prominent Vendors in the market are: CDM Group (Shanghai CDM Titanium Industry), Hangzhou King Titanium, Jiangsu Well Titanium, Kobe Steel, Luoyang Sunrui Wanji Titanium, Shaanxi Jin Han Precious Metals, and Shenyang Xinghe Titanium Products.

Market driver
- Growth in aerospace industry
- For a full, detailed list, view our report

Market challenge
- High cost of titanium
- For a full, detailed list, view our report

Market trend
- Increased use of carbon fiber composites
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 59 pages and 37 Exhibit "Global Titanium Mill Products Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product type, Market segmentation by end-user segment, Market segmentation by geography, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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