The Titanium Sponge Market is forecast to reach USD 2.27 Billion by 2028, according to a new report by Reports and Data. Titanium sponge is a form of titanium that is brittle and porous in nature. It shows high elasticity, with a high strength-to-weight ratio. It is utilized as a base for titanium billets, alloys, ingots, and others. Moreover, it shows low electrical and thermal conductivity and is one of the usual corrosion-resistant structural metals.

Titanium sponge is achieved by the administration of the Kroll process on raw titanium ore. The obtained titanium sponge has various impurities. These impurities usually are nitrogen, hydrogen, chlorine, silicon, oxygen, iron magnesium, among others.

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Further key findings from the report suggest

• Titanium sponge is mostly used in liquid propellant tanks of launch vehicles, gas bottle/liners, intertank structures, and interface rings for satellites in the aerospace and defense industries.
• It is an essential material in the fabrication and production process of various components and parts in the aerospace and defense industry.
• The aviation grade metals need a range of testing methods for suiting the materials for aerospace requirements.
• For fitting into these tests, the most effective method is to produce high-grade material, also referred to as aerospace grade that has purity levels of over 99.7%.
• The high-grade category is valued at USD 0.45 billion in 2020 and is estimated to reach USD 0.64 at the highest CAGR of 4.3% during the forecast period.
• High grade with high aluminium content is primarily used in applications such as engine parts and aircraft fuselage.
• The application in military aircraft is estimated to witness the highest CAGR of 4.4% during the forecast period.
• The rapid growth may be due to the enhanced application outlook in reconnaissance, aerial warfare, surveillance, and ability to provide supplies to isolated areas in military operations.
• The surge in emphasis for effective operations will enhance the application of Ti sponge in military aircraft, especially for airframes.
• Various companies have adopted several strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.
• For example, in August 2015, the Indian government fully approved the operation of The Kerala Minerals Metals Ltd., with a primary production capacity of 500 tons.
• Due to this development, India was the seventh country across the globe that has its in-house Ti generation convenience.

Key companies profiled in the report include:  

Tangshan Tianhe, Zunyi, ZTMC, Shuangrui Wanji, VSMPO AVISMA, Solikamsk, OSAKA, UKTMP JSC, The Kerala Minerals Metals Ltd., Toho Titanium, and Timet. BAOJI TITANIUM INDUSTRY CO., LTD.

Category Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)

• High Grade
• Medium Grade
• Low Grade

Technology Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)

• Purification
• Reduction
• Process automation and data logging
• Ejection

Application Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)

• Commercial Aircraft
• Military Aircraft
• Naval Ship
• Armor Plating and Missile
• Others

Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East Africa

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