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Analyzing the Global Titanium Industry

Global titanium market: Titanium alloys used widely in aerospace industry

The importance of titanium has been growing steadily in the last couple of years. The sheer strength of titanium alloys are unmatchable and are titanium is used widely in the aerospace industry. In fact, the engines of an A380 aircraft used approximately 11 tons of titanium. Apart from the aerospace industry, titanium is used widely in industries such as the automotive industry, chemicals and petrochemicals, power generation, heat exchangers and metallurgy.

However, due to the high cost of titanium refining and processing, the metal is quite expensive, up to almost five times more costly than aluminum. Titanium prices have been souring in the recent years and prices are likely to remain high, driven mainly by demand side events, particularly aircraft demand cycles.

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