1. The application area of titanium alloy increased
The overall titanium alloy market is increasing. In addition to the constant as well as quick development of China's economic situation, the continual renovation of individuals's living standard, along with the continuous development of the modern technology, the demand for it in the civil field is enhancing each day. This type of materials are made into pipeline, wire, rod, plate as well as other products.Titanium products are extensively preferred in the market. It has been extensively made use of in building, medical, sporting activities and digital items in addition to durable goods and also consumables. According to market statistics, the production of golf heads as well as clubs has taken in more than 1,000 tons of titanium.
2. Civil titanium alloy need is strong
According to the current data, there is a large void between the material products as well as the civil market in China. According to the worldwide approved titanium manufacturing, which ought to be one ten-thousandth of the steel result. It is clear that China's titanium production has actually not yet reached that level. The civil market need of the material is boosting day by day, which will certainly promote the expansion of titanium market.
3. The growth of aviation industry promotes the boost of titanium alloy demand
Along with civil use, titanium is mainly utilized in aerospace, and also air travel application accounts for half of the application of titanium products. From a global viewpoint, titanium items are primarily consumed in the aeronautics sector and also the commercial industry. The percentage of the products consumed by business aviation in the world is about 42%, as well as the proportion of the products eaten by military is about 7%. Furthermore, the commercial intake of the product has to do with 47%. The world's airline companies will certainly need 23, 385 brand-new planes with greater than 100 seats over the next 20 years, according to the study institute.These will certainly be worth $2.6 trillion. With the rise of the number of civil aircraft as well as the steady advancement of aviation industry, the titanium alloy market has an excellent possibility.
The existing growth status of titanium alloy in China
China's titanium sector has actually created quickly. Nowadays, China has actually become a huge country in the material manufacturing. According to incomplete statistics from potential sector research study institute, there are more than 300 ventures creating titanium alloy in China, as well as the general output of its items shows a fad of enhancing year by year. In 2012, the manufacturing of titanium sponge had to do with 71,000 loads, the output of titanium ingot was about 74,000 lots, the manufacturing of titanium powder was about 101,000 loads and also titanium handling materials was around of 61,000 tons.