Titanium Metal Market
May 2023
Toho Titanium, a Japanese company, intends to increase manufacturing capacity for a titanium product by more than 10% as the aerospace sector looks for substitute suppliers to replace imports from Russia.
By year's end, a joint venture in Saudi Arabia will begin operating at maximum capacity in its production of titanium sponge, an intermediate good needed to create titanium alloys. Titanium is a strong yet lightweight metal with numerous uses, including in chemical plants and aircraft.
February 2023
Baoji came up with a few new initiatives based on private titanium businesses one after another, creating a buzzing atmosphere of quick development. Recent Baoji private titanium firms are considering how to add new machinery while making a big deal about being "specialized, refined, special, and new" during their daily visits to the Baoji Titanium Industry Research Institute.
The following factors are the primary focus of enterprise equipment update performance:
The smelting apparatus comes first. Private titanium businesses in Baoji have been advancing towards large-scale and professionalization using their smelting technology since the year before last. A vacuum consumable furnace typically weighs more than 10 tonnes, and some can approach 20 tonnes. Likewise, standard configurations for the mixing system, large-tonnage electrode press, and vacuum plasma welding box have been established;
The second is machinery forging. Large-scale forging presses with a capacity of more than 2,000 tonnes have proliferated all across Baoji. In large-scale forging operations, 4,500-ton hydraulic forging is now the norm, and in some operations, 8,000–10,000-ton hydraulic forging is now in full swing. The overproduction of forging has gradually become apparent.
Key Companies in the Titanium Metal market include
- Adma Products Inc.,
- Precision Castparts Corp,
- Ametek Inc.,
- Avista Corporation,
- Cristal,
- ATI,
- Toho Titanium Co., Ltd.,
- Titanium Inc.,
- Osaka Titanium Technologies Co., Ltd.,
- Metalysis,
- Nippon Steel Corporation,
- CRS Holding Inc,
- Boaji Titanium Industry
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