Global Titanium Dihydride Market: New Growth Opportunities By 2021Posted by Arno PMR on January 5th, 2017 Titanium dihydride is a non-stoichiometric chemical compound, generally known as titanium hydride. It is commercially available as a black/grey powder used for manufacturing Alnico sintered magnets. It is also used in the production of powdered titanium metal, metal foam, sintering of powdered metals and in pyrotechnics. Titanium dihydride is used in a variety of applications such as automotive, aerospace, ceramics and sports equipment. Request for Sample Report: http://www.persistencemarketresearch.com/samples/4360 The global demand fortitaniumcontinues to rise with significant growth of aerospace industry due toincreasing demand for modern and fuel-efficient aircrafts. Additional growth is also anticipated from the industrial sector, based on consumer demand and expansion of infrastructure in developing economies. The consumer demand has been influenced by various growing applications such as sporting goods, automotive, architecture, and medical among others. Growth of automotive industry due to several aspects such aschanging lifestyle, increasing population and technological advancement is expected to be one of the primary factors driving the titanium dihydride market over the next few years. Furthermore, the expanded use of titanium in aerospace industry for modern aircraft designs with increased CFRP (carbon fiber reinforced polymer [or plastic]) composition is also expected to contribute to the growth of the market.However, fluctuating prices of certain energy sources such as crude oil which serves as a part oftitanium production is expected to hamper the growth of the market. North America was the largest consumer for titanium dihydrideowing totheir vast automotive and aerospace industries, specifically in the U.S. Future market growth is expected from Asia Pacific owing to growing automotive industry and increasing industrial activities in emerging economies such as China and India, thereby providing new opportunities for the growth of the market. Request for Table of content: http://www.persistencemarketresearch.com/toc/4360 Pangang TitaniumIndustry Co., Ltd, G&S Titanium, Titan Engineering Pte Ltd., Hebie Meida Chemicals Co. Ltd., and Kronos, Inc. are some of the key players present in the titanium dihydride industry. About Us: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Contact Us: Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States, USA - Canada Toll Free: 800-961-0353 Email: sales@persistencemarketresearch.com media@persistencemarketresearch.com Like it? Share it! More by this author |