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Summary
The global titanium market, focusing specifically on metallic titanium, faced significant changes starting from 2020 due to various market dynamics. The aerospace sector, which is a major consumer of titanium, accounting for 67% of the European consumption, experienced a decline in activity due to the COVID-19 pandemic with a sharp decrease in aircraft deliveries in 2020. However, the sector began bouncing back in 2021.
Other sectors impacting demand include military and defense, other industrial applications (especially the chemical and energy sectors), and consumer goods such as sports equipment, luxury items, and medical implants and prostheses. Each sector presents potential for future growth in titanium use. For example, France's military programming law forecasts significant investments up to 2025, likely fostering titanium demand within the defense sector. Additionally, given the aging population in France, the medical field may see increased use of titanium for implants and prostheses.
China remains the leading global producer of titanium metal but doesn't meet the aerospace industry's quality requirements, with only Russian, Japanese, and Kazakh titanium being suitable. France, which lacks domestic production of titanium sponge, has established a titanium manufacturing and processing sector, highlighted by the development of the Ecotitanium aerospace-grade titanium recycling plant.
Regulatory wise, titanium sponge is classified as non-hazardous, but safety measures are implemented for its processing due to potential hazards. The French market, although not a primary producer, demonstrates a robust titanium supply chain with significant contributions from companies such as Eramet, UKAD, Aubert & Duval, and Framatome. Overall, the market dynamics from 2020 onward, including the COVID-19 pandemic impact, geopolitical tensions, and evolving industrial demands, continue to shape the global and French titanium industries.
Evolving Trends in Titanium Demand: Perspectives from a Dynamic Market
In recent years, the French market has seen a varied set of uses for titanium, each influenced by its own sector-specific trends. The market's reach is broad, spanning from aerospace and military applications to industrial uses and consumer products. Given the diversity in application, the trends within the French market reflect a nuanced landscape of demand. The most significant consumer of titanium in France is the aerospace sector, which is notably dependent on this lightweight and strong metal for constructing aircraft. Civil aerospace accounts for a deeply substantial portion—nearly two-thirds—of the metal's consumption. France's aerospace sector's annual consumption of titanium hovers around 25,000 tonnes, with a noted dependency on imports, especially from Russia, which supplies nearly 40% of their requirements.
However, the shift in geopolitical relations and subsequent sanctions on Russia due to the conflict in Ukraine has thrown this reliance into question, and it suggests a potential pivot towards alternative suppliers in the near future. Military and defense applications, while less of a titan in the consumption of titanium compared to aerospace, still make up a significant portion of demand. Titanium's exceptional characteristics are a perfect fit for a range of defense equipment and machinery. With France ramping up its military budget significantly towards equipment renewal in the upcoming years, there is an expectedly stable trajectory for titanium demand within this sector.
The industrial sphere, which includes chemical and energy sectors, also takes a share of the titanium market, equating to between 25% and 30% of consumption in Europe. Here, the chemical industry is the prime consumer, leveraging titanium for its unsurpassable corrosion resistance. Though the French industrial landscape has faced its ups and downs, there appears to be a move towards stabilization and modest growth, which could bode well for titanium demand.
Finally, consumer goods, though a smaller segment for titanium use, still stand as a marker for the metal's versatility and potential for growth. This segment embodies day-to-day products, high-end sports equipment, medical devices such as prostheses, and the automotive industry's precision components. These applications might see an increase in demand tied to societal trends like ageing populations that drive medical needs and environmental consciousness that could push for lightweight materials in automotive manufacturing.
In conclusion, the French market for titanium, currently valued at over 800 million euros, is characterized by a mix of dependency on imports, strategic industrial applications, and potential for diversification in supply and demand. With the aerospace sector leading the way, and foundational changes.
Key Players Shaping the Titanium Landscape in the Market
- Ecotitanium and the Emergence of the Aerospace Titanium Recycling Sector: One of the noteworthy ventures in the titanium industry is Ecotitanium, pioneered in Saint Georges de Mons, Puy-de-Dôme region. Owned in part by UKAD, Ademe, and Crédit Agricole, Ecotitanium represents a significant stride in sustainable metal processing, focusing on recycling aerospace-grade titanium. This plant not only broadens the scope of titanium sourcing for industries but also offers an environmentally friendly alternative by reutilizing titanium waste from the aerospace sector.
- Aubert & Duval: Transforming Titanium for Demanding Applications: Aubert & Duval, part of the Eramet group and poised to be acquired by a consortium led by Airbus, Safran, and Tikehau Ace Capital, is at the forefront of producing specialized titanium ingots for various industrial applications. Their activities range from ore extraction to the manufacturing of titanium sponge and high-purity ingots in Kazakhstan, through a joint venture involving UKTMP, highlighting their significant role in ensuring Europe's titanium supply chain remains robust and diversified.
- Framatome's Position in Titanium Ingots Production: Framatome, a multinational company with a strong foothold in the nuclear industry, commands attention with its production of titanium ingots at its Ugine site in Savoie. Serving the needs of Timet Savoie, its titanium production is instrumental in catering to the supply of Tier 1 aerospace organizations and driving innovation in metallurgy.
- Bridging Gaps in Distribution ACNIS International and Titanium Services France act as crucial intermediaries within the titanium market, ensuring that various sectors including aerospace, industrial, defense, and consumer goods have access to titanium ingots and products from international producers.
- Airbus: Propelling Demand in the Aerospace Sector: Airbus stands as a titanic consumer of titanium, leveraging the metal's unique properties for its latest generation aircraft like the A350. This flagship company showcases the high demand for titanium in critical structures and components, which helps to elevate efficiency and durability standards in aviation.
- Dassault Aviation and European Partners: Within the defense sector, titans like Dassault Aviation manufacturing the Rafale fighter and the multinational collaboration on the A400M transport aircraft signify the enduring need for titanium in military hardware.
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- Number of pages : 30 pages
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- Last update : 03/05/2022
Summary and extracts
1 Market overview
1.1 Definition and scope of study
Titanium is the 9th most abundant element on Earth and ranks 4th in the list of metals after iron, aluminum and magnesium. The total global titanium market was valued at over US$20 billion in 2021, and is expected to continue growing over the next few years at a CAGR of 6.3%. The titanium market is divided in two: the titanium dioxide market on the one hand, and the "metallic" titanium market on the other. This study focuses on metallic titanium. The titanium dioxide market is the subject of another study. Metallic titanium is renowned for its mechanical and chemical properties, such as its low density lightness, ductility, corrosion resistance and biocompatibility.
These qualities make this metal a material of choice for industry. The main customer sectors for titanium arecommercial aeronautics, industrial applications (chemicals, energy, etc.) and military applications. However, titanium is also used in more widely distributed consumer goods, such as prostheses, certain sporting goods and the automotive sector.
Global titanium production is largely dominated by China. However, Chinese titanium is not of sufficient quality for the aerospace industry. Only Japanese, Russian and Kazak titanium is of sufficient quality for the aerospace industry.
As France is not a titanium sponge producer, it imports far more titanium than it exports. The titanium used by French manufacturers comes mainly from China, Japan, Russia, Kazakhstan and Ukraine. Nevertheless, France has a titanium manufacturing and processing sector that has been developing strongly in recent years, as evidenced by the launch of the Ecotitanium aerospace-grade titanium recycling plant in 2017. Other players in the French titanium industry include Aubert & Duval, Ukad and Framatone.
In addition, the price of titanium, relatively stable in recent years, has surged sincethe start of the war in Ukraine, highlighting French industry's dependence on Russian titanium.
List of charts
- Breakdown of global titanium demand
- Global titanium market size
- 99.60% titanium price
- Breakdown of titanium demand
- Sales in the aerospace sector
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Latest news
Airbus wins major Asian contracts - 21/03/2024
- - Airbus has announced two major contracts in Asia, totaling 65 aircraft with an estimated value of over ten billion dollars.
- - Japan Airlines has ordered 21 long-haul Airbus A350-900s and 11 medium-haul A321s.
- - Korean Air has ordered 35 long-haul A350s, including 27 of the A350-1000 model.
- - The Boeing 777X is two years behind schedule in its certification process.
- - The Russian overflight ban puts Boeing's 787 Dreamliners at the limit of their range for Japanese and Korean airlines.
Airbus breaks all order records - 14/12/2023
- Airbus has surpassed its 2022 score, with 1,512 orders booked up to the end of November 2023.
- The number of orders in 2023 is 40% higher than in 2022.
- Airbus has a record backlog of over 8,000 aircraft. This represents just over eleven years of production at the current rate.
- Boeing also had a very good year in 2023, with 1,085 new orders
- Boeing's order book stands at 5,914 aircraft Boeing is behind Airbus in order intake and deliveries for the sixth year running.
Cybersecurity: Thales adds a new string to its bow in record time - 06/12/2023
- Thales has finalized the acquisition of US-based Imperva, valued at 3.6 billion euros, making the group "one of the world's five leaders" in cybersecurity.
- Second largest acquisition in Thales history after the takeover of smart card specialist Gemalto (€4.8 billion in 2019).
- With Imperva, Thales claims to have 5,800 experts in 86 countries in cybersecurity, with sales of 2.4 billion euros in 2024 compared with 1.6 billion in 2022.
- The Group also announces that its Identity and Digital Security branch, which includes civil cybersecurity, biometrics, bankcard and ID document activities, will account for 10% of Group sales in 2024
- Based in San Mateo, California, Imperva generated "over $500 million in sales" annually and employs more than 1,400 people
- Thales has made a number of acquisitions in the cybersecurity sector, including Australia's Tesserent, Spain's S21sec, Luxembourg's Excellium and the Netherlands' OneWelcome.
- With Imperva, Thales becomes a global player in both segments: data security and application security
Lithium: Eramet and Electricité de Strasbourg set out to conquer Alsace's white gold - 06/12/2023
- The "Ageli" project, which stands for Alsace géothermie lithium, aims to produce the equivalent of 10,000 tonnes of lithium carbonate by the end of the decade.000 tonnes of lithium carbonate, enough to cover the needs of 10% to 15% of France's future gigafactories and to equip 250,000 electric cars with batteries.
- In Latin America, the French mining group uses a lithium sponge to capture the white metal contained in pumped brine. Once the white gold has been extracted, the water is reinjected. The Argentine project is expected to produce 24,000 tonnes of lithium per year.
- In Alsace, the idea is to capture lithium by passing brine from the Rhine basin through the lithium sponge.
- ES operates another geothermal power plant in Soultz-sous-Forêts, where Eramet has also conducted tests
- Lithium becomes the key product for profitable geothermal projects
Airbus, Tarmac Aerosave ;Services, the future golden goose of aeronautics - 30/11/2023
- By 2023, 4.3 billion passengers will have been carried (4.5 billion in 2019)
- Between 2023 and 2042, the aeronautical services market is expected to grow by 3.6% a year to reach $255 billion.
- Of this total, fleet maintenance, which is set to double to 46,560 aircraft (from 22,880 in 2020), will generate $210 billion in revenues by 2042.
- Improvements to existing aircraft - optimized fuel consumption, use of sustainable aviation fuel, etc. - will account for a further - will account for 28 billion.
- By 2042, airlines will need to recruit 2.2 million people, including 590,000 pilots, 920,000 flight attendants and 680,000 technicians.
- Airbus sales will be worth 9.8 billion euros in 2022, compared with 8.6 billion in 2021.
- Airbus Services business now exceeds that of the helicopter division (7 billion in 2022).
- Boeing achieved sales of 17.6 billion in services in 2022.
- Airbus steps up recycling and conversion of airliners: 17,000 older aircraft will be replaced over the next twenty years, generating a major market for the conversion of passenger aircraft into freighters, the resale of spare parts and the sale of spare parts for the Airbus Group.tarmac Aerosave is a world leader in the storage, maintenance, conversion and recycling of aircraft and engines.Its Skywise platform collects and analyzes all aircraft flight data, offering a predictive maintenance service More than 140 airlines are members of Skywiseriennes are Skywise members, representing around 50% of Airbus's worldwide fleet "Air France-KLM, which plans to set up an equally-owned service company with Airbus in early 2024.
Eramet and Suez choose Dunkirk for future battery recycling plant - 23/09/2023
- The new industrial site for recycling electric car batteries will come on stream in 2027.
- The recycling plant will be capable of processing 50,000 battery modules a year, equivalent to 200,000 electric car batteries.
- By 2027, 90% of cobalt, copper and nickel, and 50% of lithium should be recycled, according to the requirements of future European regulations.
- Less than 1% of lithium and rare earths are currently recovered.
- from 2030 onwards, recycling is set to increase, due to the arrival of end-of-life car batteries.
- Eramet has received a €70 million grant from the European Union and €10 million from Bpifrance.
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