What is Ferro Titanium Powder Market Scope?
Ferro Titanium powder is a low enduring as well as low melting point titanium alloy which mostly consumed in the steel industry. There is various applications of Ferro Titanium powder such as producing auto grade steel, stainless steel, automotive tools and parts. Additionally, it is used in production wires for submerged arc wielding applications. It can be used in as a fuel in some pyrotechnic compositions.
Influencing Trend:
Growing Adoption in the Still Industry due to its Property of Fixing Harmful Effect from Oxygen, Carbon, Nitrogen and Many Others and Introduction of Ferro Titanium Powder to Aerospace and Defense Sector
Market Growth Drivers:
Comparatively Stronger and Corrosion Resistant Metal Alloy than the Metals like Iron and Titanium Individually and Light Weight Alloys will be Useful in the Aircraft Manufacturing Industry
Challenges:
Comparatively Risky and Sensitive Working Environment and Upsurging Labour Cost across the Globe
Restraints:
Finely Crushed Titanium is Hazardous to Health and Burns with Extremely Bright White Flame which might Hamper Eye Vision
Opportunities:
Ferro Titanium can withstand extreme High Temperatures leading to Increase High Temperature Applications and Increasing Applications and Adoption of Titanium Alloys across the Globe
The Ferro Titanium Powder market study is being classified by Type (Electric Silicon Thermal Method, Electrothermal Method and Others), by Application and major geographies with country level break-up.
As per Indian Ferro-Alloys Producers' Association (IFAPA), the total installed capacity of bulk ferro-alloys Industry in India is estimated at 5.10 million tonnes per annum and for noble ferroalloys it is 50,000 tonnes per annum. Analysts at AMA predicts that Vendors from United States and Indian will contribute to the maximum growth of Global Ferro Titanium Powder market throughout the predicted period.
Global Titanium Inc. (United States), Miller and Company (United States), Metal & Alloys Corporation (India), Metraco NV (Belgium), Cometal S.A. (Spain), FE Mottram Ltd (United Kingdom), Asmet (UK) Limited (United States), Metcast Services (New Zealand), Kamman Group (India) and Mast Europe (Estonia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tennant Metallurgical Group Ltd (United Kingdom), Alba Industrial AS (Norway) and Des Raj Bansal group (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Ferro Titanium Powder market by Type, Application and Region.
On the basis of geography, the market of Ferro Titanium Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In March 2023, AMG Resources says it has acquired the assets of Canton, Ohio-based Galt Alloys, a producer of ferro-titanium and ferro-aluminum. AMG says the acquisition was made via an affiliate company.Galt Alloys melts scrap to produce ferro-titanium lump and powder and ferro-aluminum ingots used in the steelmaking industry
In June 2023,IperionX has announced that it has achieved the UL Environmental Claim Validation Procedure 2809 for its 100% recycled, low-carbon titanium metal powder for 3D printing. UL Solutions (UL) is a global leader in sustainability standards, and IperionX says that its low carbon titanium is the first commercial titanium metal powder
According to Indian Ferro-Alloys Producers Association (IFAPA)’s news published on November 21st 2018, new Chinese rebar rules and the resultant banning of Quenching & Tempering, (QTB) production process might hike the demand for silicon and Ferro-alloys. Since, the states’ plan of wiping out water cooled rebar would spur producers to add manganese in future rebar production.
Key Target Audience
Ferro Titanium Powder Manufacturers, Ferro Titanium Powder Distributors and Traders, Metal Alloy Industry Associations, Government Agencies, Upstream and Downstream Buyers, Mining Industries and Others
Ferro Titanium Powder Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Ferro Titanium Powder Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Ferro Titanium Powder industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.