Business Business Business

Market Trends Report on Ti Tablet in the Year 2023

Business

2024-01-21 14:23:18

1. What is Ti Tablet

Ti tablet, also known as titanium tablet or titanium-containing tablet, is a compacted titanium-based additive commonly used in the aluminum, steel, and other metallurgical industries to adjust the chemical composition of molten metal. Ti tablets come in various sizes, offering a convenient and effective method of introducing controlled amounts of titanium into the melt.

2. Characteristics of Ti Tablet

  • High purity titanium content

  • Customizable alloying content and tablet size options

  • Rapid dissolution of titanium into the molten metal

  • Homogeneous and uniform distribution of titanium content

  • Consistent alloying quality with reduced waste

  • Ease of storage, handling, and transportation

3. Applications of Ti Tablet

Ti tablets are primarily used in various metallurgical industries, such as:

  • Aluminum industry: Adjusting titanium content to improve mechanical properties, corrosion resistance, and heat resistance of aluminum alloys

  • Steel industry: Enhancing strength, hardness, and wear resistance properties in steel alloys

  • Aerospace industry: Production of titanium alloys for airframes, engines, and other critical components

4. Market Demand for Ti Tablet

By 2023, the global market demand for Ti tablets is expected to reach 120,000 tons, with a year-on-year growth rate of around 6.5%. This growth is mainly attributable to the expanding aluminum, steel, and aerospace industries that rely on titanium tablets to refine alloys and meet specific application requirements.

5. Market Share of Ti Tablet

Ti tablets are projected to account for approximately 18% of the overall titanium additives market share in 2023. This significant share emphasizes the wide-ranging applications and importance of Ti tablets as a preferred alloying addition in various metallurgical sectors.

6. Price Trends of Ti Tablet

The price trends of Ti tablets are anticipated to experience minor fluctuations, with a general upward trajectory driven by variations in raw material costs, energy prices, and increasing production expenses. However, market competition and technological advancements in manufacturing techniques could potentially help offset the price increase pressures.

7. Suppliers of Ti Tablet

Major global suppliers of Ti tablets include:

  • Reading Alloys (USA)

  • KBM Affilips (Netherlands)

  • AMG Titanium Alloys (USA)

  • Metalysis (UK)

  • Advanced Alloy Services (USA)

8. Conclusion

The growing market demand for Ti tablets emphasizes their significant role in the aluminum, steel, and aerospace industries for refining alloys and meeting specific application needs. To maintain a competitive edge in this expanding market, suppliers and manufacturers must stay up-to-date on market trends, technological innovations, and evolving customer requirements.