This report, the third version of the initial titanium study analyzes current markets in titanium, pricing and supply issues in a range of titanium products like scrap, sponge, ingot, plate, etc., and effects of current economic and demand conditions. The report also discusses emerging market opportunities through the maturing of technologies that promise to reduce the cost of titanium extraction, manufacturing, machining and welding. Forecasts are provided for both traditional and potential new titanium markets in a number of key sectors.
This new market study analyzes the current state of traditional titanium markets and current economic conditions. The effects of emerging low cost titanium processes and the market forces that will determine the future of the industry are investigated in detail. New and sometimes unexpected market opportunities are analyzed and forecasts are provided for both traditional markets, some of them unaffected by low cost processes, and new market opportunities created by low cost titanium.
The report is based on more than 100 in-depth interviews with experts from industry, Government and academia, as well as a broad range of published materials.
The Titanium Industry, Markets and Forecasts
Titanium, raw materials production
Supply Side - Capacity
Current and Historical Prices, Forecasts
- Aerospace - - Engines - - Airframe - - New aircraft - Industrial - - Chemical processing - - Power generation - - Desalinization - - Automotive - - - Cars - - - Trucks and heavy vehicles - Medical - - Implants - - Surgical instruments - Military - - Aerospace - - Marine - - Land-based - Consumer
Part I: Titanium Background 1.1 Overview 1.2 Titanium in Industry 1.3 History 1.4 Titanium Production 1.5 Issues with Titanium
Part II: Industry Landscape 2.1 The Demand Side 2.1.1 The Aerospace Sector 184.108.40.206 Titanium Deployment in Aircraft 220.127.116.11 The Evolving Aerospace Market 18.104.22.168 Regulations and Certification 2.1.2 Industry, Chemical Processing, etc. 2.1.3 Medical Applications 2.1.4 Consumer Markets 2.1.5 Automotive Applications 2.2 The Supply Side 2.2.1 Titanium Supply, Demand and Price Dynamics 2.2.2 Pre-Melt: Sponge and Scrap 22.214.171.124 Sponge 126.96.36.199 Scrap 188.8.131.52.1 Alloying 2.2.3 Melt Products 2.2.4 Mill Products 2.2.5 Capacity Today 2.3 Demand Drivers, Effects on Prices 2.3.1 The Aerospace Factor 2.3.2 Other Factors in Supply 2.3.3 The Effect on New Markets 2.4 Industry Contracts, Agreements and Price Negotiations
Part III: Cost Issues, Lead Times and Today's Market Outlook 3.1 Effects of Price Volatility and Industry Structure 3.2 Price Behavior and Forecasts 3.2.1 Sponge 3.2.2 Scrap 3.2.3 Melt Products 184.108.40.206 Slab 220.127.116.11 Ingot 18.104.22.168 Electrodes 22.214.171.124 Plate 126.96.36.199.1 Plate Prices 188.8.131.52.2 Toll Rolling 3.3 Today's Market Outlook 3.3.1 Effects of the Slowdown 3.3.2 Recovery of the Titanium Industry 3.4 Lead Times
Part 4: Commercialization of Low-Cost Titanium 4.1 Introduction 4.2 Raw Material Issues 4.3 Composition and Alloying 4.4 Quality, Purity, Performance 4.5 Ore-To-Metal Processes 4.5.1 MER/DuPont 4.5.2 Rio Tinto 4.5.3 UTRS, Inc. 4.6 The Powder Advantage 4.6.1 Introduction 4.6.2 MMS-Scanpac 4.6.3 University of Utah 4.6.4 ADMA Products 4.6.5 ITP/Cristal Metals 4.6.6 Metalysis 4.6.7 Oak Ridge/Boeing 4.6.8 Powder Applications, Demand & Pricing 4.6.9 Metal Injection Molding 4.6.10 3-D Printing/Additive Manufacturing 4.7 Manufacture & Fabrication 4.7.1 American Titanium Works 4.7.2 Ti Squared Technologies 4.8 Machining 4.9 Welding 4.10 Titanium Process Commercialization 4.11 Effect of a New, Low-Cost Player
Part 5: Latent Demand and Market Opportunities 5.1 Current Market Outlook: Conventional and Latent Demand 5.2 Consumer Markets 5.2.1 Established Consumer Applications 184.108.40.206 Sporting Goods 220.127.116.11 Jewelry 18.104.22.168 Architecture 22.214.171.124 Marine Markets 126.96.36.199 Price and Supply Issues 188.8.131.52 Latent Consumer Demand 5.3 Automotive Markets 5.3.1 Trucks and Commercial Vehicles 184.108.40.206 Turbocharger Compressor Wheels 220.127.116.11 Valve Train 18.104.22.168 Connecting Rods 22.214.171.124 Exhaust Systems 126.96.36.199 Suspensions 5.3.2 Opportunities in Mass Market Autos 188.8.131.52 Valve Train, Valves, Valve Springs 184.108.40.206 Connecting Rods 220.127.116.11 Exhaust Systems 18.104.22.168 Suspensions 5.3.3 Racing, Motorcycles and Other Small Vehicles 5.3.4 Regulations and Fuel Economy 5.3.5 Economics 5.3.6 Latent Automotive Demand 5.4 General Industry, Oil & gas, Mining, etc. 5.4.1 Chemical Processing, Pharmaceuticals, etc. 5.4.2 Oil & Gas, Mining 5.4.3 Power Generation 5.4.4 Pulp & Paper 5.4.5 Desalination 5.4.6 Latent Industrial Demand 5.5 Aerospace 5.6 Defense 5.6.1 Armor 22.214.171.124 Armoring Vehicles 126.96.36.199 Non-Vehicle Armor 188.8.131.52 Fuel Economy 184.108.40.206 Procurement Issues 5.6.2 Naval Applications 5.6.3 Latent Defense Demand 5.7 Medical Markets 5.7.1 Orthopedic Devices: Implants, Trauma Fixtures, etc. 5.7.2 Surgical Instruments 5.7.3 Latent Medical Demand
- Airbus - American Titanium Works - Boeing - DuPont - Rio Tinto - Ti Squared Technologies - UTRS, Inc.