Global Titanium Powder Market 2024-2030

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    TITANIUM POWDER MARKET

     

    INTRODUCTION

     

    With titanium powder metallurgy (P/M), it’s possible to produce net- or nearly-net-shaped parts without incurring the material costs and losses that come with having to manufacture complex pieces from wrought billet.

     

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    Powders may be created using the blended elemental method or by pre-alloying, which is followed by consolidation techniques including metal injection moulding, hot isostatic pressing, direct powder rolling, or laser-engineered net shaping.

     

    For many years, titanium powder has been utilised as an alloying additive.

     

    Recent developments in the production and application of titanium powder have opened doors in a variety of industries, including powder metallurgy, additive manufacturing, thermal spray, laser cladding, metal injection moulding, and laser cladding.

     

    TITANIUM POWDER MARKET SIZE AND FORECAST

     

     The Global titanium powder market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

     

    MARKET DYNAMICS

     

    The increase in demand from a variety of industries, including aerospace and automotive production, is primarily responsible for the growth of the global titanium powder market.

     

    For many applications, titanium powder is utilised as an alloying additive. Recent developments in the manufacturing and usage of titanium powder have created new potential for metal injection moulding and powder metallurgy.

     

    Additionally, the titanium market has growing potential due to the global expansion in production and high demand for automobiles and automotive parts.

     

    However, substantial barriers to industry expansion include high manufacturing costs for titanium powder and a lack of funding for R&D. In the global titanium powder sector, there are numerous small and major producing enterprises.

     

    The product type and application are the two market segments used to divide the global titanium powder market. High purity titanium powder (CPTP) and alloyed titanium powder are the two product categories that make up the titanium powder market (ATP).

     

    According to the application, the titanium powder market is divided into the automotive, petrochemical, aerospace, and other industries.

     

    NEW PRODUCT LAUNCH

     

    Titanium powders for Metal AM have been launched by Höganäs.  Höganäs explains that titanium has the highest strength-to-weight ratio of any metal that is now understood, making it perfect for a range of uses, from lightweight aerospace parts to vehicle components.

     

    It is ideal for bespoke medical implants because it is also very resistant to corrosion and has great biocompatibility qualities.

     

    Designed for maximum performance and material efficiency, Höganäs’ forAM titanium-based alloys for additive manufacturing. Ti6Al4V (available in grade 5 and grade 23) and CP-Ti (commercially pure titanium) are two of the grades that are readily available.

     

    These materials are useful for a variety of components across numerous sectors and have good material qualities.

     

    Iperion X, a provider of environmentally friendly titanium technologies, and SLM Solutions, a leading global provider of metal additive manufacturing (AM) systems, have signed a non-binding memorandum of understanding (MOU) for the potential supply of spherical titanium metal powders from IperionX’s planned Titanium Demonstration Facility (TDF) in Virginia to SLM.

     

    SLM is a global supplier of metal 3D printing solutions, providing its clients with a global installed base of more than 850 equipment and 1,400 lasers.

     

    It pioneered selective laser melting and the laser powder bed fusion (LPBF) AM modality for metal AM using metal powders.

     

    This MOU with two top metal AM technology companies is rumoured to be able to provide SLM’s large international client base with the first titanium metal powders that are 100 percent recycled.

     

    According to Iperion X, their titanium technologies enable the synthesis of premium titanium powders from 100 percent recycled titanium feedstocks and dramatically lessen titanium’s carbon footprint and environmental impact.

     

    IperionX purchased two SLM additive manufacturing systems (SLM 125 and SLM 280)  that can prototype, qualify, and create titanium components for clients who require traceable, low carbon, and circular titanium for their product line.

     

    As a result of this collaboration, SLM’s international clients will have access to a distinctive titanium powder solution that recognises the importance of sustainable, 100% recycled titanium metal powders for leading companies.

     

    The totally circular titanium metal powder from Iperion X will be a useful addition to SLM’s open architecture materials, according to SLM, which acknowledges its advantages in terms of business, technology, and sustainability.

     

    A key benefit of the relationship between IperionX and SLM Solutions is the addition of recycled, reasonably priced titanium material to the material catalogue for SLM users.

     

    They are excited to add the unique, 100% recycled titanium metal powder to our diverse selection of products. Leading enterprises, according to the companies, seek to produce high-strength, long-lasting components with low carbon titanium from traceable recycled sources for the defence, automotive, consumer electronics, and luxury goods industries.

     

    A route to affordable, low-carbon, and circular titanium metal is provided by IperionX’s unique titanium technology.

     

    PyroGenesis Canada Inc., a Montreal-based provider of innovative materials and metal powders for additive manufacturing (AM), reported receiving its first order by the tonne from an unidentified American client.

     

    The customer placed a firm order for five metric tonnes, or 5,000 kg, of titanium powder from PyroGenesis as well as a contingent order for an additional six tonnes.

     

    This signifies their official entry into the market for titanium metal powders. PyroGenesis has adopted a cautious, systematic approach to the commercialization of its metal powders with a purpose to manufacture the finest quality metal powders in the [AM] industry as they designed, then prepared, the innovative NexGen plasma atomization technology.

     

    RECENT PARTNERSHIP AND AGREEMENT

     

    In accordance with its mutually exclusive partnership agreement with Aubert & Duval, PyroGenesis Canada Inc., a high-tech company that designs, develops, manufactures, and commercialises advanced plasma processes, is happy to announce that the Company has received and completed a sizable commercial order for titanium powders.

     

    The Agreement lays out the parties’ plan for mutually exclusive supply of plasma-atomized titanium powder to the European market for additive manufacturing.

     

    Titanium powders (Ti-6AI-4V) for use in metal additive manufacturing applications have been agreed to by AP&C, a GE Additive business, and Airbus.

     

    The new multiyear agreement strengthens AP&C’s long-standing collaboration with Airbus by supplying Ti-6AI-4V powders.

     

    IperionX Limited is happy to announce that it has reached a deal with Materials Resources, LLC, an Ohio-based aerospace additive manufacturing company, to qualify and demonstrate the performance of IperionX’s high-quality titanium alloy powders for additively manufactured aerospace parts.

     

    This agreement is part of an MRL project with the U.S. Navy to test titanium flight-critical metal replacement components for the U.S. Department of Defense.

     

    RECENT PRODUCT LAUNCH

     

    Aerospace Hiwing Titanium Industrial Co., a customer of Farsoon Technologies, a Chinese maker of SLM and SLS 3D printers, has developed a novel high-temperature titanium substance (AHTi).

     

    AHTi, a company that specialises in the research and development of titanium materials, has created TA32, a high-temperature titanium powder that was created using Farsoon’s FS271M 3D printing equipment.

     

    TA32 has been designed to resist operation temperatures of up to 550 degrees Celsius as a substitute material for steel or nickel-based superalloy components.

     

    In order to satisfy the demands of additive manufacturing, Puris, LLC has announced that it has filed a patent for Puris 5+, a novel titanium powder formulation giving a high-strength, low-oxygen formulation.

     

    According to reports, Puris 5+ is a specially formulated Ti-6Al-4V that satisfies all Grade 5 requirements.

     

    The Osprey Ti-6Al-4V Grade 5 and Osprey Ti-6Al-4V Grade 23 titanium powders from Sandvik are produced using an electrode inert gas atomization (EIGA) technology to the highest international standards.

     

    Designed for additive manufacturing, such as Laser and Electron Beam Powder Bed Fusion.

     

    Uniformity Labs, a provider of engineered materials, offers titanium alloy Ti-6Al-4V (Ti64) powder for L-PBF. Uniformity Labs Ti64 Grade 23 has been created by a team of in-house materials scientists and 3D printing pioneers, and it demonstrates mechanical performance, surface roughness, and uniformity across the build bed.

     

    COMPANY PROFILE

     

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many titanium powder are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global titanium powder and key vendor selection criteria
    3. Where is the titanium powder manufactured? What is the average margin per unit?
    4. Market share of Global titanium powder market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global titanium powder in-house
    6. key predictions for next 5 years in Global titanium powder market
    7. Average B-2-B titanium powder market price in all segments
    8. Latest trends in titanium powder market, by every market segment
    9. The market size (both volume and value) of the titanium powder market in 2023-2030 and every year in between?
    10. Production breakup of titanium powder market, by suppliers and their OEM relationship

     

    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in theIndustry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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