The Titanium Age:Markets, Low Cost Processes and Latent Demand

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The Titanium Age:Markets, Low Cost Processes and Latent Demand

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Thintri, Inc. announces the release of a new market study, The Titanium Age: Markets, Low Cost Processes and Latent Demand. This update of Thintri's earlier titanium study analyzes current markets in titanium, pricing and supply issues in a range of titanium products like scrap, sponge, ingot, plate, etc., and effects of the recent recession and recovery. The report also discusses emerging market opportunities through the maturing of technologies that promise to reduce the cost of titanium extraction, manufacturing, machining and welding. Forecasts are provided for both traditional and potential new titanium markets in a number of key sectors.

Titanium, a resource with enormous potential in a large number of markets, has been hobbled by high costs and volatile prices, processing difficulties, supply issues and industry-wide inefficiencies.

Titanium has the highest strength to density ratio of any metal, is essentially nonmagnetic, and is highly resistant to corrosion, even in hostile environments like salt water. Furthermore, it is highly biocompatible. Titanium has become well established in aerospace, trucks and heavy vehicles, medicine, chemical processing and general industry.

In recent years titanium suppliers have worked hard to bring the benefits of titanium to new applications, but just as new markets for titanium have opened up, the supply of titanium tightened considerably, with notable effects on prices. Much of the constricting of supply was attributable to sharply rising aerospace demand as well as greater use in steel production, which reduced the supply of scrap. These factors led to an extraordinary runup in prices, where some more than doubled in a single year, and some users were simply unable to obtain the titanium they needed. The volatility dampened enthusiasm for titanium in new markets where it offers substantial long term cost savings.

In response, suppliers of titanium sponge rapidly moved to expand their output. Very soon, however, markets and prices abruptly dropped with the recession.
Throughout all this, a number of low cost processing technologies have continued development that promise titanium (commercially pure and alloyed), potentially at greatly reduced cost. These processes, some of which are recently commercialized or will be soon, reduce costs in extraction, machining, welding, manufacture, and other segments.
A likely scenario is that within a few years or so, several of these technologies will impact the costs of doing business in titanium. The promise of supply stability and relatively low prices could create an opening whereby new markets can be captured, bringing titanium to a broad range of new applications. Alternatively, suppliers of low cost titanium may merely sell their product for high prices and greater profits. In that sense, low cost production processes could a substantial investment opportunity..

Understand the Markets

Thintri's new market study analyzes the current state of traditional titanium markets, the effects of the current economy, t, f and the crisis in price and supply constraints. The effects of emerging low cost titanium processes and the market forces that will determine the outcome of today's price/supply fluctuations are investigated in detail. New and sometimes unexpected market opportunities are analyzed and forecasts are provided for both traditional markets, some of them unaffected by low cost processes, and new market opportunities created by low cost titanium.

The report is based on more than 100 in-depth interviews with experts from industry, Government and academia, as well as a broad range of published materials.

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Sandler Research houses a comprehensive online library of more than 10,000 reports, in-depth market research studies of 5000+ micro markets, and 25 industry specific websites. The reports are analytically and statistically rich, and offer a comprehensive view of the dynamic market scenario across the globe.

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This article was published on 2010/12/20