Titanium and titanium alloy high-end products have greater potential for future development

There are more than 160 titanium alloy production enterprises in my country. The number of enterprises with good independent research and development capabilities, high product technology content, and good brand characteristics is relatively small. Most of the enterprises are concentrated in the low-end field, especially the low-end market. Competition is fierce. my country’s petrochemical, aerospace, electric power, marine engineering and other industries continue to have strong demand for high-end titanium alloy products, and the market demand for titanium alloys is shifting from low-end to mid-end. However, the number of high-end titanium alloy production enterprises in my country is small, and the market supply is insufficient.

At this stage, only 10% of titanium alloy products in my country are used in high-end fields, while 50% of titanium alloy products in the United States are used in high-end fields. Compared with developed countries, my country’s titanium alloy industry is far behind. With the gradual increase in the production of large aircraft in my country and the continuous upgrading of military aircraft, the demand for titanium alloys in the aviation industry will continue to increase. From the perspective of the import unit price of titanium alloy products in my country in 2018, the import unit price is much higher than the export unit price, indicating that the supply of high-end titanium alloy products in my country is insufficient and the market is dependent on imports. The industry needs to continue to improve R&D and innovation capabilities, improve product performance, develop new functional products, and speed up the pace of import substitution in the high-end titanium alloy market.

In 2017, my country’s titanium production was about 33 million tons, and the industry output declined in 2018. Affected by factors such as weak market demand, high port inventory, and unoptimistic economic situation, in 2018, the operating rate of large enterprises in my country’s titanium alloy industry was relatively good, while small enterprises were cautious in resuming production, and the overall output of the industry declined. With the growing market demand for high-end titanium alloys in my country, large-scale enterprises with higher technical levels have greater potential for future development.

According to industry analysts, the national policy is paying more and more attention to the high-tech industry, and the demand for high-end materials in domestic aerospace, shipbuilding, marine engineering, transportation, military and other fields is increasing, and the production strategy of high-end titanium alloys is of great significance. It has become an inevitable trend for the industry to adjust product structure and shift to high-end fields. Therefore, the technical requirements of the titanium alloy industry for production enterprises will become higher and higher. Only by continuously improving their core competitiveness can enterprises achieve further development. In the future, the technical barriers to entry of the titanium alloy industry will continue to increase.

According to the “2019-2023 Titanium Alloy Industry Market In-depth Research and Investment Prospect Forecast Analysis Report”, the global titanium alloy production capacity is mainly concentrated in China, the United States, Russia, Japan and other countries. In 2010, China surpassed the United States to become the world’s largest titanium alloy. Producing countries. American titanium alloy products are mainly high-end products, mainly used in the aviation field, while my country’s titanium alloy products are mainly concentrated in the low-end fields with low technical content, and are mainly used in the industrial field. Compared with the United States, my country’s titanium alloy industry is large but not strong, and its overall competitiveness is weak.