A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Beta
Titanium Alloys
Market. The
study, titled “Beta
Titanium Alloys Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Beta
titanium alloys are materials that contain elements such as
molybdenum, aluminum, vanadium, and iron. When heated at high
temperature, pure titanium changes its crystalline form to become a
different solid state called beta form of titanium. Key properties of
beta titanium alloys include excellent fatigue and fracture
resistance, high strength-to-weight ratio, compatibility with carbon
or epoxy materials, biocompatibility, superior oxidation and
corrosion resistance, non-magnetic character, and short radioactive
half-life. Beta titanium alloys can be strengthened by heat
treatment. They are commonly used in aerospace, automotive, and
medical sectors due to the beneficial mechanical and thermal
properties. One particular challenge for the beta titanium alloy is
the necessity for strict process control, since most of the
properties are sensitive to process variations. Powder metallurgy is
one of the common methods of production of beta titanium alloys.
Browse
Market Research Report @
The
beta titanium alloys market is primarily driven by the increase in
demand for these alloys in military and commercial aircraft.
McDonnell Douglas C-17 and the Boeing 777 have started employing the
advanced properties of beta titanium alloys. These versatile titanium
alloys are used in aircraft springs by replacing steel. The light
weight and excellent strength of beta titanium alloys attracts
manufacturers, retailers, and consumers. Thus, these are the key
factors driving the beta titanium alloys market. Of late, beta
titanium alloys have been employed in the medical sector, especially
in orthopedic and orthodontic applications. The biocompatibility of
the material makes it an ideal material to be used for these
purposes. Despite these features, use of beta titanium alloys in
engines and airframes
Based
on production type, the beta titanium alloys market can be segmented
into powder metallurgy and melting. In terms of application, the beta
titanium alloys market can be categorized into aerospace, automobile,
chemical, and medical sectors. The aerospace application segment can
be further divided into aircraft and jet engines, and spacecraft. The
chemical applications can be further segregated into manufacturing
plants, tanker trucks, and heat exchangers. The medical applications
of beta titanium alloys cover bone and dental surgeries.
The
global beta titanium alloys market expanded moderately in 2016. This
trend is estimated to continue during the forecast period. North
America accounted for significant share of the beta titanium alloys
market in 2016 due to the easy availability of raw materials and
technological advancements in the region. The aerospace industry in
North America is a key market, which is anticipated to expand further
due to fleet expansion activities. Demand for highly fuel efficient
vehicles and strong protective coating is increasing in the region.
The beta titanium alloys market in Europe has been expanding
significantly. Germany and France are considered the key countries in
Europe. Recent advancements in the medical field are expected to
drive the market in the near future.
Demand
for these alloys in aerospace and defense industries is boosting the
beta titanium alloys market in Europe. Asia Pacific is also
considered a key region for the beta titanium alloys market due to
strong demand from China and India. Changes in lifestyle, the nature
of emerging economy, and growth in the medical industry are the
prominent factors augmenting the market for beta titanium alloys in
Asia Pacific. Brazil primarily accounts for the demand for beta
titanium alloys in Latin America due to the recent advancements made
in the country is anticipated to offer promising growth opportunities
to the beta titanium alloys market in the near future.
Get
accurate market forecast and analysis on the Beta Titanium Alloys
market. Request a sample to stay abreast on the key trends impacting
this market@
Key
players operating in the global beta titanium alloys market include
Allegheny Technologies, Haynes International Inc., and Advanced
Metallurgical Group N.V.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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