Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Titanium Metal Market Emerges From Past Excesses with More Changes Anticipated - Roskill Information Services

This image opens in the lightbox

News provided by

Roskill Information Services

05 May, 2017, 10:00 GMT

Share this article

Share toX

Share this article

Share toX

LONDON, May 5, 2017 /PRNewswire/ --

In 2016, aerospace applications accounted for an estimated 45% of the 150kt titanium mill product market. Over the period to 2026, aerospace demand for titanium is expected to increase at 5%py. The cyclical nature of the global aerospace industry means, however, that the pattern of demand for titanium will continue to fluctuate significantly within the outlook period.

     (Logo: http://photos.prnewswire.com/prnh/20150909/264974LOGO )

Civilian airframes and engines (for passenger and cargo planes) represent almost 75% of the aerospace titanium market. A sharp rise in civilian aerospace build rates since 2011 has reduced the share of military and space titanium use, but these still remain important and high-value sectors for titanium. Boeing's 787 comprises 15% of titanium in fly-weight, and Airbus's A320/350 12-14%, compared to 4-8% in the majority of older models. Growing passenger numbers in Asian and Middle Eastern countries and upgrades of the US fleet are near-term drivers for aerospace titanium demand, while Africa and India present longer-term opportunities.

Demand for titanium in industrial applications, which consumed a slightly larger volume than aerospace in 2016, is forecast to grow at 1.7%py, with consumer, medical and other applications at a similar rate. Industrial use of titanium has seen a steep drop-off in consumption as processing plant, desalination and nuclear build rates fell sharply from 2012. The market is returning to growth, but will be dependent on emerging economy industrialisation as nuclear power has fallen out of favour to renewables outside China, meaning it is unlikely to see the same sharp increase in demand seen from the mid-2000s to early 2010s.

Melted product capacity hits a new peak in 2016 

Production of titanium mill products is expected to keep pace with demand. Production of mill products is traditionally lower than that of melted product (ingot and slab) from which they are made, because of the losses during fabrication, but the ratio has fallen over time because of efficiency improvements. Twelve countries produce titanium melted products. The USA is the largest producer, closely followed by China. At 200kt in 2016, titanium melted product production is small in volume when compared to output of the light metals aluminium and magnesium.

Titanium melt capacity reached a new peak in 2016 at around 450ktpy, the large difference between capacity and melt product output reflecting the typical double or triple melting undertaken to meet aerospace/rotor-grade, but also significant overcapacity. Chinese melting utilisation rates are at only 40%, and may rationalise/consolidate. Outside China, investment in melting capacity has mainly been in electron beam melting capacity, favoured for scrap recycling. Melted product output fell post-2012 but showed the first signs of a recovery in 2016 and should improve alongside airliner build rates.

Peak sponge a looming possibility as scrap use rises 

Ingot and slab plants are fed by titanium sponge and scrap. Over the past few decades, a wide number of factors have impacted the relative share of melt feedstock. Capacity for titanium sponge production peaked in 2013 at around 335ktpy, following significant investment in Chinese capacity alongside the boom in titanium demand for industrial applications. Output subsided from 2012 due to weakening demand and low prices, with production in 2014 down 32% on the 2012 peak. VSMPO of Russia remains the largest producer, with Toho and Osaka of Japan, and Timet of the USA also significant contributors to global supply, ahead of Luoyang Wanji in China - the largest Chinese supplier in 2016.

The global scrap ratio was reduced considerably in the mid-to-late 2000s as Chinese melt output increased, and China utilised relatively little scrap. This is because the Chinese market was industrial-product driven, and generated fewer turnings. Furthermore, few companies in China had the necessary facilities required for melting scrap in small pieces at that time, and the country also had abundant sponge supplies. The scrap ratio reached lows of 5-7% in 2011 and 2012, owing to the impact of China to a global state of sponge oversupply. However, with sponge production falling back, scrap prices remaining low, and Chinese companies gradually upgrading their facilities and increasing their scrap ratios, the global scrap ratio increased from 2013 onwards.

Increased scrap levels driven by integration (creating more new scrap) and more end-of-life product recycling (old scrap), together with low scrap prices are likely to result in more scrap utilised in melt production over the forecast period. This will depend on a suitable supply of quality scrap as not all scrap is suitable for remelting and not all remelted product is suitable for aerospace applications. In total, Roskill expects the scrap ratio to increase from 20% in 2016 to 30% in 2026. Thus, scrap consumption will total over 85kt by 2026. With scrap consumption increasing, the titanium industry may soon reach peak sponge use unless demand accelerates or alternative outlets are found. The competition between sponge and scrap is likely to keep raw material prices low, benefiting participants downstream.

Additive manufacturing using titanium continues to gain momentum 

Additive manufacturing (3D printing) is a relatively new technology, albeit one that is expected to grow rapidly, and from a very small base in volume terms for titanium use. Additive manufacturing uses the principle of slicing a solid model in multiple layers, storing the data in a computer, and building up the part layer by layer following the sliced model data. There are five main processes, ranging from laser fusion to sold state cold consolidation. Titanium powder can be used in all five production methods, but it competes with titanium wire and different machinery manufacturers typically use one feedstock.

Global production capacity of titanium powder was around 4ktpy in 2016. The principal titanium powder producing companies are based in Canada, China, Japan, South Korea and the USA. The titanium powder market can be split into powder produced as a primary product, and lower grade fines. The market for high-value spherical or near-spherical titanium powder is estimated at 0.5-1.0kt, but only a small proportion is currently used in additive manufacturing. Some companies continue to explore low-cost titanium powder production and consolidation in competition with traditional melted products, but their focus is shifting to utilising this technology to make high volumes of lower cost powder for additive manufacturing instead.

Roskill has released its new titanium metal market report with forecasts out to 2026. It is essential reading for anyone requiring a comprehensive overview of this sector. 

Titanium Metal: Global Industry, Markets & Outlook to 2026, 7th Edition, 2017 is now available from Roskill Information Services Ltd, 54 Russell Road, London SW19 1QL UK. Click here to download the brochure and sample pages.

For further information, contact us on:

Tel: +44-20-8417-0087
Email: info@roskill.com
Web: www.roskill.com


Roskill will be attending the ITA Europe conference in Amsterdam, Netherlands on 17-19 May 2017.

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.