Titanium processing is a typical downstream industry upgrading driven market demand industry, currently high-end titanium alloy is mainly used in aerospace and other military fields. According to statistics, in 2016, the global aviation titanium accounted for about half of the total consumption of titanium, the United States, Russia and other countries accounted for more than 70% of the aviation titanium, but China's only 20%.China's aviation titanium material has just started. With the upgrading and increasing of China's aviation equipment in recent years, key breakthroughs have been made in the field of civil aircraft manufacturing. Aviation titanium material will usher in considerable incremental demand. We estimate that China's high-end aerospace titanium will double the incremental space in three years, and the long-term market size is expected to exceed 10 billion yuan per year.
At present, the international advanced aircraft body titanium ratio has exceeded 40%, f-22 single aircraft titanium alloy consumption as high as 8.08 tons; In the field of civil aviation, the titanium content of airbus A380 and Boeing B787 reached 10% and 15% respectively, among which the titanium content of A380 for single aircraft exceeded 28 tons. The ms-21, the newly developed Russian short - and medium-range trunk aircraft, has a titanium content of up to 25% and is expected to become the civil aircraft model with the highest titanium content.
