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全球高純度鈦市場 - 2024-2031

Global High Purity Titanium Market - 2024-2031

出版日期: 2024年04月03日 | 出版商:

DataM Intelligence | 英文 194 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

概述

全球高純度鈦市場將於 2023 年達到 9 億美元，預計到 2031 年將達到 12 億美元，2024-2031 年預測期間複合CAGR為 3.7%。

高純度鈦被用於生物醫學應用，例如牙科植入物、骨科植入物和手術設備。由於其耐腐蝕、生物相容性以及與骨組織融合的能力，鈦是醫療植入物的完美材料。由於人口老化和醫療技術的進步增加了對醫療治療和手術的需求，預計高純度鈦在生物醫學應用中的使用將會增加。

全球對高純度鈦的需求受到再生能源投資不斷增加的推動。由於鈦重量輕、耐用且耐腐蝕，因此是生產太陽能板和風能渦輪機等再生能源系統零件的必要材料。隨著政府和企業更加重視永續發展並轉向再生能源，這些應用對高純度鈦的需求預計將急劇增加。

歐洲是全球高純度鈦市場的成長地區之一，佔超過1/3的市場。歐洲企業對積層製造技術的利用正在推動高純度鈦在創新產品設計中的使用。這些組織正在為航空航太、醫療和汽車應用製造客製化鈦零件。歐洲將成為高純度鈦創新的主要中心，這將進一步推動該地區的市場擴張。

動力學

航太領域對高純度鈦的需求不斷成長

航空航太工業對高純度鈦的需求量很大，航空航太工業受益於其卓越的品質，包括耐熱性、耐腐蝕性和高強度重量比。由於航空旅行需求的增加和對更環保飛機的需求，隨著航空航太業在全球範圍內的擴張，預計高純度鈦的需求將變得更大。

例如，2021 年，波音公司與俄羅斯領先的鈦生產商 VSMPO-AVISMA 簽署了一份合作備忘錄 (MOU)，確認 VSMPO-AVISMA 作為現有和即將推出的波音商用飛機的主要鈦供應商。該協議鞏固了我們作為波音值得信賴的合作夥伴的地位，確保我們在未來幾年繼續合作。備忘錄顯示波音公司對我們鈦產品的卓越性充滿信心，並承認其卓越的品質。

植入物和醫療器材的用途不斷成長

醫療產業擴大使用鈦來生產植入物和其他醫療設備，這是推動全球高純度鈦市場的關鍵因素。鈦因其生物相容性、耐用性和耐腐蝕性而成為各種醫療植入物的完美材料，例如牙科植入物、關節置換物、脊椎植入物和心血管裝置。

例如，2021 年，著名的脊椎系統製造商 Ulrich Medical 透過策略聯盟大大擴大了其產品範圍。此延長件具有新的組件，包括創新的脊椎側彎韌帶、鈦製腰椎籠和頸椎穩定板。由於與知名製造商合作，現代植入物已添加到該公司的產品組合中，以更好地協助脊椎側彎護理。

生產成本高

鈦礦石的開採、純化和加工成高純度形式所涉及的高生產成本是高純度鈦市場的主要障礙。由於其與其他元素的強烈反應性及其對氧的親和力，鈦被認為極難提取和淨化。這使得有必要使用複雜的加工方法，如克羅爾製程或更新的範阿克爾-德波爾製程。

此外，勞動力、原料和能源成本的變化會進一步增加製造成本，使製造商難以在市場上保持有競爭力的定價。自 2020 年 7 月 1 日起，石原產業株式會社及其附屬公司宣布將亞太地區 tipaquetm 二氧化鈦 (TiO2) 的價格上漲每噸 200 美元。

替換和替代材料

高純度鈦市場受到替代材料的可及性和替代可能性的嚴重限制。儘管鈦具有高強度重量比和耐腐蝕等優良品質，但複合材料、鋼和鋁等替代材料在先前以鈦為主要材料的應用中得到了更頻繁的使用。

此外，可以鼓勵製造商和最終用戶透過降低材料成本、更簡單的機械加工性和完善的替代材料供應管道等因素來調查替代品選擇。此外，材料科學和工程的發展可能會創造出品質與鈦相當甚至更好的新材料，從而加劇競爭並阻礙高純度鈦市場的擴張。

High-purity titanium is being used in biomedical applications such as dental implants orthopedic implants and surgical equipment. Because of its resistance to corrosion, biocompatibility and ability to fuse with bone tissue, titanium is a perfect material for medical implants. The usage of high pure titanium in biomedical applications is anticipated to increase due to the aging population and improvements in medical technology boosting the need for medical treatments and procedures.

The global demand for high-purity titanium is being driven by rising investments in renewable energy initiatives. Because titanium is lightweight, durable and resistant to corrosion, it is a necessary material for the production of parts for renewable energy systems like solar panels and wind energy turbines. The need for high-purity titanium in these applications is anticipated to increase dramatically as governments and businesses place a higher priority on sustainable development and make the shift to renewable energy sources.

Europe is among the growing regions in the global high purity titanium market covering more than 1/3rd of the market. The utilization of additive manufacturing techniques by European enterprises is propelling the usage of high-purity titanium in inventive product designs. The organizations are creating bespoke titanium components for aerospace, medicinal and automotive applications. Europe is set to become a major hub for high-purity titanium innovation, which will further propel market expansion in the area.

Dynamics

Growing Demand for High Purity Titanium in the Aerospace Sector

High purity titanium is in high demand because of the aerospace industry, which benefits greatly from its remarkable qualities, which include heat resilience, corrosion resistance and a high strength-to-weight ratio. High purity titanium is expected to become more in demand as the aerospace industry expands globally due to the increased demand for air travel and the need for more environmentally friendly aircraft.

For Instance, in 2021, Boeing and the leading Russian titanium producer VSMPO-AVISMA entered into a Memorandum of Understanding (MOU) confirming VSMPO-AVISMA's role as the primary titanium supplier for both existing and upcoming Boeing commercial aircraft. The agreement reinforces our status as a trusted partner to Boeing, ensuring our continued collaboration for years to come. The memorandum signifies Boeing's confidence in the excellence of our titanium products and acknowledges their outstanding quality.

Growing Uses for Implants and Medical Devices

The increasing use of titanium in the medical industry for the production of implants and other medical equipment is a key factor propelling the global market for high-purity titanium. Titanium is the perfect material for a variety of medical implants, such as dental implants, joint replacements, spinal implants and cardiovascular devices because of its biocompatibility, durability and resistance to corrosion.

For instance, in 2021, Ulrich Medical, a prominent maker of spinal systems, has considerably expanded the scope of its product offering through strategic alliances. The extension has new components including an inventive scoliosis ligament, titanium lumbar cages and cervical stability plates. Modern implants have been added to the company's portfolio as a result of its partnership with a well-known manufacturer to better assist scoliosis care.

High Production Costs

The high production costs involved in mining, purifying and processing titanium ores into high-purity forms are a major barrier to the market for high-purity titanium. Because of its strong reactivity with other elements and its affinity for oxygen, titanium is known to be extremely difficult to extract and cleanse. The makes it necessary to use sophisticated processing methods like the Kroll process or the more recent Van Arkel-de Boer procedure.

Furthermore, changes in the cost of labor, raw materials and energy can further increase manufacturing costs, making it difficult for manufacturers to maintain competitive pricing in the market. With effect from July 1, 2020, Ishihara Sangyo Kaisha, ltd. and its affiliates have announced a US$ 200 per metric ton price increase for tipaquetm titanium dioxide (TiO2) in the Asia-Pacific.

Replacement and Alternative Materials

The high-purity titanium market is severely limited by the availability of substitute materials and the possibility of substitution. Although titanium has great qualities, such as a high strength-to-weight ratio and resistance to corrosion, alternative materials, like composites, steel and aluminum, are being utilized more frequently in applications where titanium was formerly the predominant material.

Furthermore, Manufacturers and end-users may be encouraged to investigate substitute choices by factors including reduced material costs, simpler machinability and well-established supply channels for alternative materials. Furthermore, developments in material science and engineering might result in the creation of new materials with qualities that are on par with or even better than those of titanium, hence escalating rivalry and impeding the expansion of the high pure titanium market.

Segment Analysis

The global high purity titanium market is segmented based on product, production method, application and region.

Rising Demand for High-Purity Titanium in the Aerospace & Defense Industry

The Aerospace & Defense segment is among the growing regions in the global high purity titanium market covering more than 1/3rd of the market. High-purity titanium is anticipated to be in high demand as the aerospace industry continues to see rising demand for lightweight, fuel-efficient aircraft as well as improvements in military technologies needing materials able to survive extreme conditions.

Because titanium has special qualities that make it perfect for use in military and aerospace applications, these industries are important growth drivers in the globally market for high-purity titanium. Because of its outstanding strength-to-weight ratio, resistance to corrosion and ability to withstand high temperatures, titanium is a crucial material for the production of important parts such as landing gear, aircraft frames, engine components and armor plating for military vehicles.

Geographical Penetration

Growing Demand for High-Purity Titanium in Renewable Energy Infrastructure in Europe

Europe has been a dominant force in the global high purity titanium market. High-purity titanium is widely used in the European aerospace sector due to its superior durability and lightweight, which are crucial for producing parts for aircraft. European aerospace companies are investing in advanced titanium alloys due to a growing demand for fuel-efficient aircraft and increased air travel, which is driving the market's expansion.

The demand for high-purity titanium for renewable energy infrastructure is predicted to rise sharply as European nations shift to greener energy sources to satisfy sustainability targets, propelling market expansion. Furthermore, the European Union's goal of being carbon neutral by 2050 is probably going to spur more investment in renewable energy projects, which will support the growth of the high-purity titanium market.

For Instance, in 2023, INEOS Enterprises, based in London acquired Eramet Titanium & Iron (ETI) after regulatory approvals. The US$245 million deal is now in effect. ETI operates a facility in Norway for ilmenite transformation, producing titanium slag for the pigments industry, alongside high-purity pig iron sold to European foundries. The agreement also secures a long-term ilmenite supply from Grande Cote Operations, Eramet's subsidiary operating a mineral sands mine in Senega.

Furthermore, the European high-purity titanium market is seeing innovation due to technological breakthroughs in additive manufacturing. Additive manufacturing, commonly referred to as 3D printing, creates new opportunities in a variety of sectors by enhancing precision and efficiency in the creation of complex titanium components.

COVID-19 Impact Analysis

The global market for high pure titanium has experienced a variety of effects from the COVID-19 pandemic. Lockdowns and other limitations on movement initially created broad disruptions that resulted in a halt in production activity across a variety of industries, including aerospace, automotive and construction, which are major users of high-purity titanium.

Because of the resulting decline in demand for titanium products, inventories accumulated and prices began to decline. Further compounding market difficulties were supply chain delays, which made it more difficult to transfer raw materials and completed products, especially in areas severely impacted by the pandemic.

However, the demand for high-purity titanium began to rebound as the world economy gradually turned around and businesses started to operate again. The demand for titanium goods increased as a result of increased government stimulus packages meant to boost economies, as well as rising investments in infrastructure projects and the revival of air travel.

The pandemic also brought attention to the significance of titanium's special qualities, which include its strength, resistance to corrosion and lightweight design, which support the metal's ongoing usage in vital applications across a range of industries. As companies continue to adjust to the post-pandemic environment and give innovation and sustainability top priority in their operations, the market for high-purity titanium is anticipated to rise steadily in the coming years.

Russia-Ukraine War Impact Analysis

The global market for high-purity titanium may be significantly impacted by the conflict between Russia and Ukraine. The two biggest producers of titanium feedstock are Russia and Ukraine. Shortages of high-purity titanium raw materials might result from any disturbance in the supply chain brought on by geopolitical conflicts, such as trade restrictions, export prohibitions or logistical difficulties.

The may lead to higher costs and unpredictability in the supply chain for producers and consumers globally, especially in sectors where titanium is essential, such as aerospace, military and automotive. Moreover, investor confidence may be impacted by geopolitical instability in the area, which might cause volatility in the titanium markets. The unpredictability surrounding the supply of titanium feedstock from Russia and Ukraine may lead buyers to look into other suppliers or make investments to diversify their supply chains.

By Product

99.9 to 99.95%
Above 99.95%

By Production Method

Kroll Process
Vacuum Arc Remelting
Electron Beam Cold Hearth Remelting
Others

By Application

Aerospace & Defense
Automotive
Chemical Processing
Biomedical
Electronics & Semiconductor
Petrochemical
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

On September 21, 2023, INEOS Enterprises, based in London acquired Eramet Titanium & Iron (ETI) after regulatory approvals. The US$245 million deal is now in effect. ETI operates a facility in Norway for ilmenite transformation, producing titanium slag for the pigments industry, alongside high-purity pig iron sold to European foundries. The agreement also secures a long-term ilmenite supply from Grande Cote Operations, Eramet's subsidiary operating a mineral sands mine in Senega.
On January 04, 2021, The British Competition and Markets Authority has decided to launch a Phase 2 investigation into Tronox Holdings plc, a prominent integrated manufacturer of titanium dioxide pigment, regarding its proposed acquisition of the TiZir Titanium and Iron business from Eramet S.A. Before deciding whether to start a Phase 2 inquiry, the Company is expected to provide the CMA with remedies as part of the process. The Company will update the market on the transaction's progress.

Competitive Landscape

The major global players in the market include American Elements, Toho Titanium Co., Ltd, VSMPO-AVISMA Corporation, OSAKA Titanium Technologies Co., Ltd., ATI Inc., ALB Materials Inc., ADMA Products, Inc., Honeywell, Freund Corporation and Alfa Full (Guangxi Tengxian) Titanium Dioxide Co., Ltd.

Why Purchase the Report?

To visualize the global high purity titanium market segmentation based on product, production method, application and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of high purity titanium market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global high purity titanium market report would provide approximately 62 tables, 56 figures and 194 Pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1.Methodology and Scope

1.1.Research Methodology
1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

3.1.Snippet by Product
3.2.Snippet by Production Method
3.3.Snippet by Application
3.4.Snippet by Region

4.Dynamics

4.1.Impacting Factors
- 4.1.1.Drivers
  - 4.1.1.1.Growing Demand for High Purity Titanium in the Aerospace Sector
  - 4.1.1.2.Growing Uses for Implants and Medical Devices
- 4.1.2.Restraints
  - 4.1.2.1.High Production Costs
  - 4.1.2.2.Replacement and Alternative Materials
- 4.1.3.Opportunity
- 4.1.4.Impact Analysis

5.Industry Analysis

5.1.Porter's Five Force Analysis
5.2.Supply Chain Analysis
5.3.Pricing Analysis
5.4.Regulatory Analysis
5.5.Russia-Ukraine War Impact Analysis
5.6.DMI Opinion

6.COVID-19 Analysis

6.1.Analysis of COVID-19
- 6.1.1.Scenario Before COVID
- 6.1.2.Scenario During COVID
- 6.1.3.Scenario Post COVID
6.2.Pricing Dynamics Amid COVID-19
6.3.Demand-Supply Spectrum
6.4.Government Initiatives Related to the Market During Pandemic
6.5.Manufacturers Strategic Initiatives
6.6.Conclusion

7.By Product

7.1.Introduction
- 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2.Market Attractiveness Index, By Product
7.2.99.9 to 99.95%*
- 7.2.1.Introduction
- 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3.Above 99.95%

8.By Production Method

8.1.Introduction
- 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Production Method
- 8.1.2.Market Attractiveness Index, By Production Method
8.2.Kroll Process*
- 8.2.1.Introduction
- 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3.Vacuum Arc Remelting
8.4.Electron Beam Cold Hearth Remelting
8.5.Others

9.By Application

9.1.Introduction
- 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2.Market Attractiveness Index, By Application
9.2.Aerospace & Defense*
- 9.2.1.Introduction
- 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3.Automotive
9.4.Chemical Processing
9.5.Biomedical
9.6.Electronics & Semiconductor
9.7.Petrochemical
9.8.Others

10.By Region

10.1.Introduction
- 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2.Market Attractiveness Index, By Region
10.2.North America
- 10.2.1.Introduction
- 10.2.2.Key Region-Specific Dynamics
- 10.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Production Method
- 10.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1.U.S.
  - 10.2.6.2.Canada
  - 10.2.6.3.Mexico
10.3.Europe
- 10.3.1.Introduction
- 10.3.2.Key Region-Specific Dynamics
- 10.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Production Method
- 10.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1.Germany
  - 10.3.6.2.UK
  - 10.3.6.3.France
  - 10.3.6.4.Russia
  - 10.3.6.5.Spain
  - 10.3.6.6.Rest of Europe
10.4.South America
- 10.4.1.Introduction
- 10.4.2.Key Region-Specific Dynamics
- 10.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Production Method
- 10.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1.Brazil
  - 10.4.6.2.Argentina
  - 10.4.6.3.Rest of South America
10.5.Asia-Pacific
- 10.5.1.Introduction
- 10.5.2.Key Region-Specific Dynamics
- 10.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Production Method
- 10.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1.China
  - 10.5.6.2.India
  - 10.5.6.3.Japan
  - 10.5.6.4.Australia
  - 10.5.6.5.Rest of Asia-Pacific
10.6.Middle East and Africa
- 10.6.1.Introduction
- 10.6.2.Key Region-Specific Dynamics
- 10.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Production Method
- 10.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

11.Competitive Landscape

11.1.Competitive Scenario
11.2.Market Positioning/Share Analysis
11.3.Mergers and Acquisitions Analysis

12.Company Profiles

12.1.American Elements*
- 12.1.1.Company Overview
- 12.1.2.Product Portfolio and Description
- 12.1.3.Financial Overview
- 12.1.4.Key Developments
12.2.Toho Titanium Co., Ltd
12.3.VSMPO-AVISMA Corporation
12.4.OSAKA Titanium Technologies Co., Ltd.
12.5.ATI Inc.
12.6.ALB Materials Inc.
12.7.ADMA Products, Inc.
12.8.Honeywell
12.9.Freund Corporation
12.10.Alfa Full (Guangxi Tengxian) Titanium Dioxide Co., Ltd.

LIST NOT EXHAUSTIVE