Boston, MA -- (SBWIRE) -- 04/15/2016 -- 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.

Get More Details on this Report and a Full Table of Contents at Global Titanium Mill Products Market 2016-2020

Technavio's analysts forecast the global titanium mill products market to grow at a CAGR of 3.78% during the period 2016-2020.

Covered in this report
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
-APAC
-Europe
-ROW

Technavio's report, 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 vendors

-Alcoa Inc.
-Allegheny Technologies (ATI) Inc.
-Baoji Titanium Co., Ltd.
-Precision Castparts Corp.
-VSMPO-AVISMA Corp.

Other prominent vendors

-CDM Group (Shanghai CDM Titanium Industry)
-Hangzhou King Titanium
-Jiangsu Well Titanium
-Kobe Steel
-Luoyang Sunrui Wanji Titanium
-Shaanxi Jin Han Precious Metals
-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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Alcoa Inc., Allegheny Technologies (ATI) Inc., Baoji Titanium Co., Ltd., Precision Castparts Corp., VSMPO-AVISMA Corp, CDM Group (Shanghai CDM Titanium Industry), Hangzhou King Titanium, Jiangsu Well Titanium, Kobe Steel, Luoyang Sunrui Wanji Titanium, Shaanxi Jin Han Precious Metals, Shenyang Xinghe Titanium Products

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