Titanium Sponge for Aerospace & Defense Market to reach $1.94bn by 2024: Global Market Insights, Inc. – GlobeNewswire (press release)

Sellbyville, Delaware, May 16, 2018 (GLOBE NEWSWIRE) —
Aerospace & Defense Titanium Sponge Market is set to cross USD 1.94 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing material requirement with high tensile strength, low weight, and high corrosion resistance for enhanced durability and performance of the aircrafts will propel the industry growth. Augmented emphasis on improving the performance of commercial and military aircrafts through reducing the overall aircraft weight and enhancing the fuel efficiency was the major factor influencing the Ti metal demand.Utilization of components made from these material alloys in doorframes, fuselage frame, floor beam, seat rails, turbines, engine mounts, and other such components is expected to surge product adoption.High-grade titanium sponge for aerospace & defense market segment is expected to retain its largest penetration share over the coming years. This can be primarily attributed to the requirement of high concentration levels of titanium to provide quality performance and least brittleness for aerospace applications.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2581Easy availability of alternatives in the form of scrap at relatively low prices are expected to pose considerable challenge to the industry growth. However, this will remain largely dependent on the quality of scrap materials available for recycling applications. Moreover, requirement of light weight and high tensile strength metals for applications in naval ships, helicopters, armor plating & missile, landing gear and fire walls will provide lucrative growth opportunities in the coming years.Commercial aircraft dominated the global titanium sponge market demand in 2017 accounting for around 60% of the industry size, is expected to retain its dominance over the forecast period. Airbus & Boeing contribute a significant share of the overall commercial aviation market share and are among the major Ti metal consumers. Growing number of deliveries and backlogs are

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