Titanium is a naturally occurring metal with the symbol Ti and atomic number 22. It's used in a wide variety of commercial applications, with many companies preferring it over steel and other traditional metals. The following two reports explore the titanium market and where it's headed.
First discovered by William Gregor in the late 1700s, titanium is a lustrous transition metal that's strong, durable and resistant to rust and corrosion. As a result, it's become a popular metal for use in commercial applications.
Not only is titanium stronger than steel, but it's also less dense. Therefore, it typically weighs less than steel.
But perhaps the greatest benefit of titanium is its naturally rust-resistant properties. Normally, metals like steel and brass develop rust when exposed to moisture. Even the moisture vapor in the air is enough to trigger this phenomenon. The moisture reacts with the iron compounds within the metal, causing them to "oxidize," while subsequently resulting in the formation of rust and corrosion. When this occurs, it's difficult to repair the metal, as rust literally eats through it.
Titanium, however, is naturally protected from rust and corrosion. This makes it a particularly useful metal in commercial applications, including aerospace manufacturing. Companies like Boeing and Airbus often use titanium to build their jets because of this. Defense companies also use them to build missiles and related components.
The only real downside to titanium is the cost. It generally costs more than other, more common metals like steel. This doesn't necessarily mean that titanium is rare, however. While considered a previous metal, titanium is actually abundant. The problem is producing titanium, as it's a time-consuming and laborious process.
The Global Titanium Minerals Market Research 2018 report by The Market Reports is a professional analysis of the global titanium minerals market. Featuring 110 pages, it provides a detailed look at the market and where it's headed. Within this report, you'll find professional insight into the titanium minerals market's size, classifications, definitions, industry chain structure, growth drivers, challenges and more.
Some of the key titanium vendors profiled in this report include Huntsman International, Dupont, Ineos, Iluka Resources Ltd, Sumitomo Corporation, VSMPO-AVISMA Corporation, Toho Titanium Co., Ltd, RTI International Metals, Indian Rare Earths Limited, Sierra Rutile Limited, Tizir Limited, Cristal Global and others.
The Global Titanium Alloy Scrap Market Research 2018 report by The Market Reports is a comprehensive study of the global titanium alloy scrap market. This report covers much of the same information presented in the previous report. However, this report focuses specifically on the titanium alloy scrap market, whereas the first report covers the titanium minerals market. Regardless, this report provides invaluable insight into the titanium market, revealing both current and future prospective scenarios.