The next 10 years to witness sublime innovation in the Titanium Dihydride Market

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.

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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

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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)

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