Titanium Sponge for Aerospace and Defense market Projected to Grow at a Steady Pace [news]
Titanium Sponge for Aerospace and Defense market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The Titanium Sponge for Aerospace and Defense market is projected to grow from USD 1,674.2 million in 2020 to USD 2,168.7 million by 2026 at a CAGR of over 4.5% during the forecast period. Rising material requirement with low weight, high tensile strength, and superior corrosion resistance for improved durability & performance of the aircraft is likely to augment the market growth. Growing emphasis on enhancing the performance of commercial & military aircraft while reducing the total aircraft weight and improving the fuel efficiency further propels the product usage. However, the easy availability of low-cost substitutes in the form of scrap is likely to hamper the market growth during the review period.
Market Segments' Analysis
According to Stratview Research, the Titanium Sponge for Aerospace and Defense market is segmented By Material (High Grade, Medium Grade, Low Grade), By End Use (Commercial Aircraft, Military Aircraft), and Region.
Based on material, the titanium sponge for the aerospace and defense market has been classified into high grade, medium grade, and low grade. Under these, the high-grade segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. High-grade titanium sponge has purity levels over 99.7%, which is regarded as an aerospace grade. The rising need to cater to the increasing demand for high-grade titanium in aviation & military sectors further bolsters the segment growth.
By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is mainly ascribed to a strong presence of aircraft manufacturers such as Boeing, Lockheed Martin, etc., and strong military expenditure. Also, stringent regulations on improving the fuel efficiency of commercial aircraft further proliferate the regional market growth in the coming years.
Top key vendors in the market:
The report mentions a list of key players in the Titanium Sponge for Aerospace and Defense market. Some of them are mentioned below –
• Allegheny Technologies Incorporated (US)
• BAOJI TITANIUM INDUSTRY (China)
• Luoyang Shuangrui Wanji Titanium Industry (China)
• OSAKA Titanium (Japan)
• Solikamsk (Russia)
• Tangshan Tianhe Titanium Industry (China)
• Timet (US)
• Toho Titanium (Japan)
• VSMPO AVISMA (Russia)
• Zunyi Titanium (China)
Before investing, get a free sample report here : https://www.stratviewresearch.com/Request-Sample/2540/Titanium-Sponge-for-Aerospace-and-Defense-Market.html#form
About Us –
Stratview Research is a global market research firm offering analytics, research, and advisory that can assist the clients to renovate their business and modify the approach. The reports offered can help the users in taking decisions intrepidly. Along with the reports, Stratview Research also offers customization services. In order to customize any of the report, please connect with our team.
Stratview Research
Call Us: +1-313-307-4176
Mail Us: sales@stratviewresearch.com
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The Titanium Sponge for Aerospace and Defense market is projected to grow from USD 1,674.2 million in 2020 to USD 2,168.7 million by 2026 at a CAGR of over 4.5% during the forecast period. Rising material requirement with low weight, high tensile strength, and superior corrosion resistance for improved durability & performance of the aircraft is likely to augment the market growth. Growing emphasis on enhancing the performance of commercial & military aircraft while reducing the total aircraft weight and improving the fuel efficiency further propels the product usage. However, the easy availability of low-cost substitutes in the form of scrap is likely to hamper the market growth during the review period.
Market Segments' Analysis
According to Stratview Research, the Titanium Sponge for Aerospace and Defense market is segmented By Material (High Grade, Medium Grade, Low Grade), By End Use (Commercial Aircraft, Military Aircraft), and Region.
Based on material, the titanium sponge for the aerospace and defense market has been classified into high grade, medium grade, and low grade. Under these, the high-grade segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. High-grade titanium sponge has purity levels over 99.7%, which is regarded as an aerospace grade. The rising need to cater to the increasing demand for high-grade titanium in aviation & military sectors further bolsters the segment growth.
By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is mainly ascribed to a strong presence of aircraft manufacturers such as Boeing, Lockheed Martin, etc., and strong military expenditure. Also, stringent regulations on improving the fuel efficiency of commercial aircraft further proliferate the regional market growth in the coming years.
Top key vendors in the market:
The report mentions a list of key players in the Titanium Sponge for Aerospace and Defense market. Some of them are mentioned below –
• Allegheny Technologies Incorporated (US)
• BAOJI TITANIUM INDUSTRY (China)
• Luoyang Shuangrui Wanji Titanium Industry (China)
• OSAKA Titanium (Japan)
• Solikamsk (Russia)
• Tangshan Tianhe Titanium Industry (China)
• Timet (US)
• Toho Titanium (Japan)
• VSMPO AVISMA (Russia)
• Zunyi Titanium (China)
Before investing, get a free sample report here : https://www.stratviewresearch.com/Request-Sample/2540/Titanium-Sponge-for-Aerospace-and-Defense-Market.html#form
About Us –
Stratview Research is a global market research firm offering analytics, research, and advisory that can assist the clients to renovate their business and modify the approach. The reports offered can help the users in taking decisions intrepidly. Along with the reports, Stratview Research also offers customization services. In order to customize any of the report, please connect with our team.
Stratview Research
Call Us: +1-313-307-4176
Mail Us: sales@stratviewresearch.com
Aerogel Market Expected to Experience Attractive Growth [news]
Stratview Research has published a new report on the Aerogel Market, segmented by Type (Silica Aerogel, Polymer Aerogel, Carbon Aerogel, and Others), by Form Type (Blanket, Particle, Panel, and Monolith), by Processing Type (Virgin Aerogels, Composites, and Additives), by Application Type (Oil & Gas, Construction, Transportation, Performance Coating, Day-Lighting & LVHS, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Aerogel market is likely to grow from USD 750.28 million in 2021 to USD 1500.82 million by 2028 at an impressive CAGR of 10.21% during the forecast period. The market for aerogels is driven by their high performance and properties including superior thermal resistance and lighter and thinner nature. Their environmentally friendly nature is also immensely contributing towards the growth of the market. Aerogel is a reusable material which after consecutive usage for a chain of applications can be disposed of safely after completion of its life cycle.
Segmentation –
This report studies the Aerogel Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the type, the market is segmented as silica aerogel, polymer aerogel, carbon aerogel, and others. The silica segment is expected to command the market during the forecast period, in terms of value. The higher demand for silica is majorly owing to the high demand from end-use industries coupled with its low cost and easy availability. Silica is the most common type of aerogel as it is extensively studied and practically used. It is the first kind of aerogel manufactured for commercial application. As silica remains a low cost and easily available aerogel, the method of synthesizing it is economical.
Based on the form type, the market is segmented as blanket, particle, panel, and monolith. The blanket segment is estimated to hold the largest share of the market during the forecast period. The governance of the tank segment is likely to continue in the coming five years due to the high demand from the oil & gas and construction applications.
Based on the application type, the market is segmented as oil & gas, construction, transportation, performance coating, day-lighting & LVHS, and others. The oil & gas segment is expected to be the largest application of the market, in terms value, during the forecast period. Superior thermal resistance and reduced thickness of aerogel materials reflect their huge potential for growth in the oil & gas applications, where insulation is of supreme importance.
Following are the key players in the Aerogel Market:
• Aspen Aerogels
• Aerogel Technologies, LLC
• Aerogel Insulation India
• Aerogel Uk Ltd.
• BASF SE
• Cabot Corporation
• DOW Corning
• Enersens SAS
• Guangdong Alison Hi-Tech
• Jios Aerogel
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/681/aerogel-market.html#form
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Aerogel market is likely to grow from USD 750.28 million in 2021 to USD 1500.82 million by 2028 at an impressive CAGR of 10.21% during the forecast period. The market for aerogels is driven by their high performance and properties including superior thermal resistance and lighter and thinner nature. Their environmentally friendly nature is also immensely contributing towards the growth of the market. Aerogel is a reusable material which after consecutive usage for a chain of applications can be disposed of safely after completion of its life cycle.
Segmentation –
This report studies the Aerogel Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the type, the market is segmented as silica aerogel, polymer aerogel, carbon aerogel, and others. The silica segment is expected to command the market during the forecast period, in terms of value. The higher demand for silica is majorly owing to the high demand from end-use industries coupled with its low cost and easy availability. Silica is the most common type of aerogel as it is extensively studied and practically used. It is the first kind of aerogel manufactured for commercial application. As silica remains a low cost and easily available aerogel, the method of synthesizing it is economical.
Based on the form type, the market is segmented as blanket, particle, panel, and monolith. The blanket segment is estimated to hold the largest share of the market during the forecast period. The governance of the tank segment is likely to continue in the coming five years due to the high demand from the oil & gas and construction applications.
Based on the application type, the market is segmented as oil & gas, construction, transportation, performance coating, day-lighting & LVHS, and others. The oil & gas segment is expected to be the largest application of the market, in terms value, during the forecast period. Superior thermal resistance and reduced thickness of aerogel materials reflect their huge potential for growth in the oil & gas applications, where insulation is of supreme importance.
Following are the key players in the Aerogel Market:
• Aspen Aerogels
• Aerogel Technologies, LLC
• Aerogel Insulation India
• Aerogel Uk Ltd.
• BASF SE
• Cabot Corporation
• DOW Corning
• Enersens SAS
• Guangdong Alison Hi-Tech
• Jios Aerogel
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/681/aerogel-market.html#form
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
