1.The consumption of titanium materials in my country continues to rise, and the application share of the chemical industry accounts for nearly 50%.
Titanium materials have the advantages of light weight, high strength, strong corrosion resistance, good high temperature resistance, and good biocompatibility. It is one of my country's important strategic metal materials. Driven by the development of downstream industries, my country's titanium consumption has increased year by year, from 57,000 tons in 2018 to 150,000 tons in 2024, with an average annual compound growth rate of about 17.5%. At the same time, with the advancement of technology, the application field of titanium materials in my country has been continuously expanded, and extended from the middle and low-end to the high-end fields. It is currently widely used in chemical industry, aerospace, marine engineering, electricity, construction, medicine, metallurgy, shipbuilding, sports and leisure and other fields. Among them, chemical industry is the largest downstream application market of titanium materials in my country, accounting for about 49.76%; followed by aerospace, about 19.79%; power, medicine and other application fields account for a small proportion, not exceeding 5%.
2. The amount of titanium used in my country's chemical industry is increasing year by year
Titanium can replace stainless steel as a corrosion-resistant material, extend the service life of equipment, reduce costs, prevent pollution and improve productivity. It is of great significance in the renovation of chemical equipment. It is mainly used in the chlor-alkali industry, soda ash industry, vacuum salt making industry, petrochemical fiber, fine chemical industry and inorganic salt industry. In recent years, the scope of titanium used in my country's chemical industry has been expanding, and the amount has increased year by year. Titanium has become one of the main anti-corrosion materials in chemical equipment. According to data, in 2023, my country's titanium consumption in the chemical industry will reach 76,000 tons (including salt making), a year-on-year increase of 2.59%.
3. Several well-known mobile phone manufacturers have incorporated titanium into their product designs, leading to a surge in demand in this field
Titanium and titanium alloys are highly suitable as materials for portable electronic product casings due to their high strength, high corrosion resistance, and good surface texture. Their application range is also constantly expanding, from mobile phone casings, cameras to laptops, and so on. At present, several well-known consumer electronics manufacturers have included titanium shells, interiors, and accessories in their product design considerations. Therefore, with the continuous increase in smartphone shipments and further reduction in production and processing costs, the demand for titanium materials may also increase accordingly.
4.Titanium alloy 3D printing is widely used, and titanium materials are in great demand in this field.
After titanium alloy 3D printing is formed by selective laser melting (SLM) additive manufacturing equipment, the microstructure of the resulting parts is uniform and dense, and has the characteristics of rapid solidification. The internal dimensional accuracy of the printed parts is high, and the high specific strength and medium high-temperature mechanical properties give the parts good load-bearing capacity and stress capacity, which meet the requirements of safety-critical applications such as aerospace. In the future, with the further development of 3D printing manufacturing technology, titanium and titanium alloys are expected to be more widely used due to their excellent performance. At present, 3D printing has passed the "0-1" stage and has become a new engine for my country's economic growth. Its application scenarios are constantly expanding, and it is expected to become a growth pole of hundreds of billions in the future, and the demand for titanium materials in this field will continue to be released.
5.The overall consumption of medical titanium materials is showing an increasing trend, with a broad potential market
Medical titanium alloy, as a new type of alloy and also a carrier material, is widely used in related fields such as limb implantation, alternative functional materials, dentistry, medical devices, etc. However, due to its low wear resistance and processing performance, further improvement work is also being carried out. However, the elastic modulus of titanium alloy is only about 53% of stainless steel, which is closer to the elastic modulus of natural bone in the human body. Therefore, the use of titanium as a human implant has been increasing year by year, and its superiority is increasingly recognized by the medical community. Currently, it has been widely used as a medical material for artificial joints (hip, knee, shoulder and elbow joints, etc.), bone trauma products (intramedullary nails, fixation plates, etc.), skull repair implants, spinal fixators, cardiovascular stents, dental implants, and more.
In recent years, with the improvement of residents' living standards and the enhancement of healthcare awareness, the demand for medical device products has continued to grow. The overall consumption of titanium materials in the pharmaceutical industry has shown an increasing trend, reaching 3876 tons in 2023. As an important material in the field of medical devices, titanium alloys have a broad potential market.
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