Aerospace titanium is concentrated in the West, especially the United States, where 60 percent of titanium is used in this field. Asian countries, Japan and China each invest around 10% of their titanium in this field. However, with the rapid development of Aerospace in Asia in recent years, the consumption of titanium in aerospace will increase accordingly. From a global perspective, the aviation industry plays a decisive role in the titanium market. Historically, the large cycles of the titanium industry are closely related to the temperature and temperature of the aviation industry.
In 2011, the global titanium production reached 148,000 tons, of which about 64,000 tons were used for commercial aviation. The future global economic growth still has a huge demand for air transportation, and it is expected that the new demand for aircraft will be about 30,000 in the next 20 years. At the same time, the demand for titanium of new aircraft is higher than that of old aircraft. The average demand for titanium for commercial aircraft in 20 years is expected to reach 40 tons per aircraft. Based on this, it is estimated that in the next 20 years, the global commercial aviation industry will increase the demand for titanium materials by about 1.2 million tons, with a compound annual growth rate of about 17%. The average annual increase of the demand for titanium materials is 60,000 tons, and the titanium industry for civil aviation will show rapid growth. In addition, there will be new opportunities in military aviation; Military aviation is also expected to see new demand as global military spending increases amid geopolitical tensions.
