Links And Analysis Of Titanium Alloy Industry Chain
1. What are the links in the titanium alloy industry chain?
⑴. Titanium resource mining: Titanium resources refer to titanium-containing minerals or rocks, mainly rutile, ruthenite and ilmenite. my country is one of the countries with the richest titanium resources in the world, with reserves accounting for about 20% of the world's reserves. However, most of them are low-grade calcium-magnesium ilmenite, which is difficult to mine and has low utilization rate.
⑵. Smelting of ilmenite concentrate: Ilmenite concentrate refers to substances with a high titanium content after mineral processing or chemical treatment, mainly including rutile concentrate and ruthenite concentrate. After smelting titanium concentrate, products such as titanium sponge or titanium dioxide can be obtained. Titanium sponge refers to the reduction of titanium metal from its oxide through chlorination or electrolysis to form a sponge-like substance, which is the basic raw material for manufacturing titanium alloys. Titanium dioxide refers to a substance that separates titanium metal from its oxides through the sulfuric acid method or the chlorination method to form a white powdery substance. It is the basic raw material for manufacturing titanium dioxide.
⑶. Titanium dioxide production: Titanium dioxide refers to a white pigment with titanium dioxide as the main component. It has the characteristics of high hiding power, high refractive index, and high weather resistance. Widely used in coatings, plastics, inks, paper and other industries. my country is the world's largest producer and consumer of titanium dioxide, with output reaching 3.51 million tons in 2020, accounting for more than 40% of the global total.
⑷. Titanium alloy production: Titanium alloy refers to an alloy made from titanium sponge as a matrix, adding one or more alloy elements, and made by smelting or powder metallurgy. According to different processing methods, titanium alloys can be divided into ingots, forgings, plates, bars, pipes, wires, etc. my country is the world's largest producer and consumer of titanium sponge, with output reaching 125,000 tons in 2020, accounting for more than 30% of the global total.
⑸. Application of titanium alloy: Titanium alloy can be used in various fields after processing. According to different application requirements, titanium alloys can be made into various parts or equipment, such as aircraft structural parts, engine parts, missile parts, artificial joints, dental implants, surgical instruments, etc., and have advantages such as improved biocompatibility and antibacterial properties. . important role.
⑹. Other industries: Titanium alloys are also widely used in other industrial fields, accounting for about 30% of global titanium consumption. Titanium alloys are mainly used in chemical equipment, petroleum equipment, power equipment, automobile parts, etc. in other industries, and play an important role in improving corrosion resistance and wear resistance.
2. Titanium alloy industry chain analysis
The market size of titanium alloys mainly depends on the demand and development of its application fields. According to the "Global Titanium Alloy Market Report 2023", the global titanium alloy market size will reach US$22.3 billion in 2020. It is expected to grow at a compound annual growth rate of 6.5% from 2021 to 2026, and will reach less than US$32.5 billion by 2026. The market size and growth rate of titanium alloys in different application fields:
⑴. Aerospace: Aerospace is the largest application market for titanium alloys, accounting for 55% of the global titanium alloy market, reaching US$12.2 billion in 2020, and is expected to have a compound annual growth rate of 7.2% from 2021 to 2026. That will reach $18.4 billion annually. The demand for titanium alloys in the aerospace field is mainly affected by the development of global civil aviation and military aviation. With the development and put into use of new generation aircraft and changes in the international security situation, the demand for titanium alloys will continue to grow.
⑵ National defense and military industry: National defense and military industry is the second largest application market for titanium alloys, accounting for 15% of the global titanium alloy market, reaching US$3.3 billion in 2020, and is expected to have a compound annual growth rate of 5.8% from 2021 to 2026. will reach $4.6 billion. The demand for titanium alloys in the defense industry is mainly affected by global military competition and geopolitics. With the development and upgrading of new weapons and equipment, as well as the intensification of international conflicts and tensions, the demand for titanium alloys will continue to grow.
⑶. Medical devices: Medical devices are the fastest growing application market for titanium alloys, accounting for 10% of the global titanium alloy market. Reaching US$2.2 billion in 2020, it is expected to grow at a compound annual growth rate of 9.5% from 2021 to 2026, reaching US$3.7 billion by 2026. The demand for titanium alloys in the field of medical devices is mainly driven by the aging of the global population and the improvement of medical standards. With people's pursuit of health and quality of life, as well as the innovation and popularization of medical technology and equipment, the demand for titanium alloys will continue to grow.
⑷. Other industries: Other industries are a small but stable application market for titanium alloys, accounting for 20% of the global titanium alloy market. Reaching US$4.5 billion in 2020, it is expected to grow at a compound annual growth rate of 4.2% from 2021 to 2026, reaching US$5.7 billion by 2026. The demand for titanium alloys in other industrial fields is mainly affected by the development of global chemical, petroleum, electric power, automobile and other industries. With the technological advancement and environmental protection requirements of these industries, the demand for titanium alloys will continue to grow.
