Titanium Powder Market to witness a high growth by 2025

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Titanium Powder Market predicted to grow
exponentially by 2025 Global Market Insights,
Inc.
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Regional Analysis of Titanium Powder Market

• Asia Pacific is a significant region which is
  likely to account for a majority share in this
  market. Increasing defense expenditure by the
  countries in the region would be a major driver
  in the global titanium powder market. For
  instance, Chinas military spending accounted for
  USD 250 billion in 2018 followed by India which
  accounted for USD 66.5 billion. Factors like
  large consumer base, high titanium production and
  developing end-use industries would make China a
  significant market for titanium powder. North
  America would be another significant regional
  titanium powder market due to high demand from
  aerospace and medical sector.

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• Application Analysis of Titanium Powder Market
• By product type, titanium powder market is
  segmented into high purity and alloyed titanium
  powder. High purity grade is available in various
  particle sizes with melting point reaching more
  than1600C. High purity titanium powder is likely
  to grow at a significant CAGR due to its wide
  applications. The product is as strong as steel
  with only 45 of its weight, so mixing it with
  other metals would greatly improves the strength
  and the ability to withstand extreme temperature.
• Based on application, the titanium powder market
  is further categorized into aerospace, defense,
  marine, construction, medical, chemical and
  others which include power generation, sports
  leisure, etc. Medical segment is expected to grow
  at a significant CARG in the coming years due to
  the product usage in manufacturing wheelchairs,
  surgical instruments, crutches, etc. Its
  non-corrosive nature makes it compatible to be
  used in the biomedical industry. They can be used
  for making dental implants, artificial joints,
  pacemakers, orthopedic rods, plates, and pins.
  Increasing demand for these biomedical products
  would in turn increase the demand for titanium
  powder. Chemical is another significant
  application segment where the product is used
  electric tanks, heat-exchange equipments, pipes,
  etc.

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Competitive Market Share of Titanium Powder
Market

• Titanium Powder Market size is likely to grow
  significantly in the upcoming years due to
  developments in the aerospace industry. Titanium
  powder are used in various industries mainly due
  to its characteristics like corrosion resistance,
  high strength and lightweight. They are majorly
  produced by the hydride-dehydride process, in
  which, hydrogen is used to make the product
  brittle so that it can be crushed and later this
  hydrogen is removed by using vacuum.
• Some of the key market players of titanium powder
  market are ATI, Cristal Metals, Global Titanium
  Inc., ADMA Products Inc., OSAKA Titanium
  Technologies Co., Ltd., Advanced Metallurgical
  Group, N.V., Praxair S.T. Technology, Inc., Reade
  International Corp., Toho Titanium Co., Ltd., TLS
  Technik, AMETEK Inc. etc.

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Browse Full Market Research Report On Titanium
Powder Market _at_ https//bit.ly/30hy2U1
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for this report _at_ https//bit.ly/2XucQgE
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