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Aeronautical Titanium Market to Register 5.2% CAGR and Hit USD 4922.4 MN till 2027
April 17, 2021 | by admin |
The global
Aeronautical Titanium market generated revenue of around USD 3452.0 million in 2020 and anticipated to grow at a CAGR of over 5.2% during the forecast period from 2021 to 2027 to reach around USD 4922.4 million in 2027.
Titanium is a lightweight, yet strong, uniquely versatile metal. These characteristics of titanium make it a preferable choice for use in the aerospace industry. By its very nature, aerospace applications demand parts that are both extremely strong and very light. This titanium grade is used almost exclusively for airframe, aircraft engine parts, marine, surgical implants, hydraulic tubing.