QYResearch: Global Titanium Sponge Sales Market Report 2018 Overview

Titanium Sponge is porous, loose metallic titanium with sponge shape. It is the main raw material and intermediate product of making titanium ingot, titanium powder and other titanium products.

Titanium sponge production is limited to Titanium ore resources and Ilmenite, the main Titanium mine production is concentrated in Australia, China, India, South Africa, Brazil, etc. Ilmenite is concentrated in Australia, India, South Africa, etc. Due to the lack of resources, some countries are restricting the Exploitation of Titanium ore, and Ilmenite is the common raw material in Japan and USA. 

The technical barriers of Titanium sponge are not high, and the Titanium sponge production concentrated large companies including AVISMA, OSAKA, Toho, UKTMP, ATI, TIMET, ZTMC, Zunyi Titanium, and others. At present, the gap in product quality between companies is still significant.

Titanium Sponge are mainly used to produce Titanium, which widely used in aerospace, ships, weapons, chemicals, petroleum, electric power, As the demand increases rapidly for downstream industries, the demand for Titanium Sponge will correspondingly increase. The increased consumption of titanium sponge is expected to increase during the remaining years of the forecast period of 2018-2023. Titanium sponge industry will usher in a stable growth space.

In the second half of 2016, the raw material prices increased, and expected that the titanium sponge raw material price will not decrease in the short term. As the same time, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of titanium sponge.

There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in titanium sponge market will remains intense.

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