Market Overview: Titanium Dihydride Market
Non-stoichiometric titanium dihydride is a chemical compound that is typically referred to as titanium hydride. It can be purchased commercially as a black or grey powder that is used to make Alnico sintered magnets. Additionally, it is employed in the manufacture of titanium metal powder, metal foam, the sintering of powdered metals, and pyrotechnics. Numerous industries, including the automotive, aerospace, ceramics, and sports equipment, use titanium dihydride.
The desire for contemporary, fuel-efficient aircraft is driving up titanium demand globally, which is also driving up the aerospace industry’s growth. Based on consumer demand and the construction of infrastructure in developing nations, additional growth is also predicted from the industrial sector. Numerous expanding applications in the fields of sporting goods, automobiles, architecture, and medicine, among others, have had an impact on consumer demand.
Click on the link for sample report: https://www.persistencemarketresearch.com/samples/4360
Growth of automotive industry due to several aspects such aschanging lifestyle, increasing population and technological advancement is expected to be one of the primary factors driving the titanium dihydride market over the next few years.
Furthermore, the expanded use of titanium in aerospace industry for modern aircraft designs with increased CFRP (carbon fiber reinforced polymer [or plastic]) composition is also expected to contribute to the growth of the market.However, fluctuating prices of certain energy sources such as crude oil which serves as a part oftitanium production is expected to hamper the growth of the market.
North America was the largest consumer for titanium dihydride owing to their vast automotive and aerospace industries, specifically in the U.S. Future market growth is expected from Asia Pacific owing to growing automotive industry and increasing industrial activities in emerging economies such as China and India, thereby providing new opportunities for the growth of the market.
Pangang TitaniumIndustry Co., Ltd, G&S Titanium, Titan Engineering Pte Ltd., Hebie Meida Chemicals Co. Ltd., and Kronos, Inc. are some of the key players present in the titanium dihydride industry.
Key geographies evaluated in this report
- North America
- U.S
- Canada
- Europe
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- CIS
- APAC
- China
- India
- Japan
- Australia
- Others
- Latin America
- Argentina
- Brazil
- Others
Click on the link for customized report: https://www.persistencemarketresearch.com/request-customization/4360
Key features of this report
- Drivers, restraints, and challenges shaping the Titanium Dihydride market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Titanium Dihydride market estimates and forecasts (2015 -2021)
Click on the link to pre-book the report: https://www.persistencemarketresearch.com/checkout/4360
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – [email protected]