Aerospace Titanium Blisk Market to Witness the Highest Growth Globally in Coming Years


Posted November 20, 2020 by Rahul_Gautam

The global aerospace titanium blisk market is predicted to progress at a CAGR of 3.7% during the forecast period (2018–2023).
 
Owing to the numerous advantages offered by titanium-based blisks, such as low weight and high strength, they are witnessing a rising demand from the aerospace sector. These components offer as much as a 50% reduction in weight, as compared to nickel- and steel-based super alloys. Moreover, titanium has a much higher strength-to-weight ratio compared to aluminum and steel, with a density of 4.5 g/cm3. The increasing demand for higher fuel efficiency is pushing the need for a high bypass ratio, which is, in turn, fuelling the adoption of low-weight blisks.

Driven by the above-mentioned factors, the revenue generated from the sales of aerospace titanium blisks increased from $3,988.3 million to $4,945.4 million, from 2017 to 2023. The global aerospace titanium blisk market is predicted to progress at a CAGR of 3.7% during the forecast period (2018–2023). Titanium blisks are used in commercial, general aviation, military and various other aerospace applications, such as in model and experimental aircraft. Amongst these, commercial aircraft recorded the highest usage of these components in 2017, owing to the rising demand for cargo and passenger air transport across the world.

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Geographically, North America recorded the highest utilization of aerospace titanium blisks in 2017. This is mainly ascribed to the huge demand for business air transport fleets in the region. The total business aircraft fleet size in North America was reported to be 24,297 units in 2017. The Asia-Pacific (APAC) region is expected to register the highest rise in the adoption of aerospace titanium blisks during the forecast period, due to several factors, such as the increasing fleet size of the air forces of China and India, soaring air passenger traffic, and mushrooming demand for cargo.

Therefore, it is clear that the demand for aerospace titanium blisks will observe tremendous growth in future, due to the burgeoning requirement for cheaper, stronger, and lighter materials from the aerospace sector and the ballooning cargo and air travel requirements.
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Issued By Rahul Guatam
Country India
Categories Automotive , Business , Research
Tags aerospace titanium blisk market , aerospace titanium blisk market 2020 , aerospace titanium blisk market demand , aerospace titanium blisk market forecast , aerospace titanium blisk market players
Last Updated November 20, 2020