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Summary of our market study
The French titanium market is valued at over 800 million euros.
China is the world's leading producer of titanium metal, but does not meet the quality requirements of the aerospace industry. Only Russian, Japanese and Kazakh titanium is suitable.
The aerospace sector accounts for 67% of European consumption. The market experienced a slowdown due to the COVID-19 pandemic, with a sharp drop in aircraft deliveries in 2020. However, the sector rebounded in 2021.
France is not a primary titanium producer, but is present in the sector through companies such as Eramet, UKAD, Aubert & Duval and Framatome, and recycling specialist Ecotitanium.
titanium demand trends: prospects for a dynamic market
Civil aerospace accounts for almost two-thirds of titanium consumption.
Annual titanium consumption in the French aerospace sector is around 25,000 tonnes, with a notorious dependence on imports, notably from Russia, which supplies almost 40% of their needs.
Changing geopolitical relations and the sanctions imposed on Russia following the conflict in Ukraine have called this dependence into question.
Titanium's exceptional properties make it ideal for a wide range of defense equipment and machinery.
The industrial sphere, which includes the chemical and energy sectors, also accounts for a share of the titanium market, representing between 25% and 30% of consumption in Europe. The chemical industry is the leading consumer, using titanium for its unrivalled resistance to corrosion.
Consumer goods is a smaller segment for titanium use
Titanium market players
- Ecotitanium and the emergence of the titanium recycling industry for aerospace: one of the titanium industry's leading companies is Ecotitanium, based in Saint-Georges de Mons, Puy-de-Dôme. Part-owned by UKAD, Ademe and Crédit Agricole, it focuses on titanium recycling.
- Aubert & Duval: processing of titanium for demanding applications and production of specialized titanium ingots for various industrial applications. Activities range from ore extraction to the manufacture of titanium sponge and high-purity ingots in Kazakhstan.
- Framatome produces titanium ingots at its Ugine site in Savoie.
- CACNIS International and Titanium Services France are key intermediaries in the titanium market.
- Airbus: Airbus is a major consumer of titanium, taking advantage of the metal's unique properties for its latest-generation aircraft such as the A350.
- Dassault Aviation: A major titanium consumer
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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 presented in this market study
- 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
Defense: Thales quadruples mortar shell production in the Loiret region of France - 18/06/2024
- - Ammunition production capacity at Thales' La Ferté-Saint-Aubin plant: currently at 20,000 rounds per year, planned to increase to over 80,000 rounds per year by 2026.
- - French army ammunition orders: 3,000 rounds in 2022, 15,000 rounds in 2023. Deliveries scheduled between the last quarter of 2024 and 2029.
- - Brazilian Air Force acquires two Ground Master 200 Multi Mission radars from Thales.
- - Thales order book in 2023: 45.3 billion euros, up 10%.
- - Thales sales forecast for 2024: between €19.7 and €20.1 billion, with organic growth of 4-6%.
Thales plans to invest in Atos for defense and intelligence - 30/04/2024
- - Thales is considering the acquisition of the Mission Critical Systems (MCS) division of Defense and Security within BDS.
- - Thales's recent €3.6 billion acquisition of Imperva positions Thales in the world's Top 5 in cyber.
- - The MCS division generates annual revenues of €200-300 million. This amount represents part of the BDS portfolio estimated at 1.5 billion euros.
Thanks to Hitachi's takeover of Thales' rail business, Italy's Mer Mec arrives in France - 15/04/2024
- - Sale of Hitachi's German, British and French signaling activities to Italian company Mer Mec.
- - Founded in 1970, Mer Mec is mainly involved in signalling, electrical traction and telecommunications for the rail industry. It is present in 73 countries and belongs to the Angel Group.
- - The Italian rail specialist already works with RATP and SNCF in France
- Purchase price of Thales GTS by Hitachi Rail: 1.7 billion euros.
- - The European Commission and the British competition authority had given the green light to Hitachi Rail's €1.7 billion takeover of Thales GTS (the French group's rail activities). The only condition was that the Japanese manufacturer make a number of divestments.
- - Number of employees at Hitachi Rail STS France (ex-Ansaldo STS): over 600.
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.
All the lights are green for Thales, except in the space sector - 06/03/2024
- - Order intake for 2023: 23.1 billion euros
- - Last year's sales: 18.4 billion euros
- - Acquisition of US company Imperva
- - Planned acquisition of Cobham Aerospace Communications
- - Number of new hires planned in France for 2024: 7,000
- - Number of employees redeployed within the Thales Alenia Space group: 1,300.
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.
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