Titanium alloy refers to a variety of alloy metals made of titanium and other metals. In recent years, China has frequently issued policies to encourage the development, production and application of titanium alloy materials. In the global market, titanium alloy materials are mainly used in aviation industry, defense industry and other industries. Among them, the application demand in aviation industry is the largest, accounting for about 50%, mainly used for aircraft and engine manufacturing. In the demand structure of titanium materials in China, titanium processing materials are mainly used in the chemical industry, while the proportion of titanium materials used in domestic aerospace is only 20%, indicating that the market of titanium materials used in aviation in China still has a great potential. At present, in the field of high-end titanium alloy, there are few enterprises in China capable of mass production of military aviation titanium alloy rod wire, presenting a "duopoly" competition pattern.
In our country, the demand structure of titanium, titanium processing materials is mainly used in chemical field, the principal difference compared with the world in the field of aviation, aviation worldwide with titanium always occupy the titanium about 53% of the total demand, and domestic aerospace titanium is only 20%, the proportion of the air is explained with titanium market has great potential.
From 2009 to 2017, the Chinese aerospace sales with titanium compound annual growth rate of 16%, at the same time, considering the current domestic aerospace with titanium ratio is far lower than the global aerospace with titanium accounted for the proportion of 50% of the total demand for titanium, assuming that the future several year compound growth rate remains the same, to 2025, the demand of titanium aviation industry in China will reach 25000 tons.
