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Titanium is basically a chemical element; and is abbreviated as Ti. The atomic number of titanium is 22. It is primarily present in rutile and ilmenite and can also be found in other mineral compositions. It has a shimmering shine and transitional metal in appearance.
It is highly resistant to corrosion and has a low density. By frequency, the earth's crust contains it in the ninth place.
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The leading nations for producing titanium are the United States, Japan, China, Russia, and the United Kingdom.
Key Details About the Titanium Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Titanium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Titanium price analysis, pricing database, and chart can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
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Industrial Uses Impacting Titanium Price Trend:
Titanium is commonly used in fasteners and aeroplane parts. Gas turbine engines and other components like compressor blades are composed of titanium.
It is used in heat exchangers, electric power plants, seawater desalination plants, and aeroplanes, as it is a very lightweight, highly strong, and remarkably corrosion-resistant material.
Due to the metal's exceptional strength-to-weight ratio and high-temperature properties, it is employed in the aerospace industry.
Titanium is primarily employed in chemical applications including heat exchangers, titanium anodes, titanium containers, and others.
Key Market Players:
- VSMPO-AVISMA Corporation
- Osaka Titanium Technologies Co., Ltd.
- Toho Titanium Co., Ltd.
- The Chemours Company
- Western Metal Materials Co., Ltd (WMM)
- Allegheny Technologies Incorporated (ATI)
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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