Aerospace Titanium Blisk Market Will Grow Rapidly

Commercial and military aircraft demand is rising, according to the aerospace industry. In gas turbines or aviation engines, titanium blades compress air for propulsion. Therefore, the increase in aircraft sales supports the market's expansion.

One of the major contributions to the global economy is the aviation sector. The global aerospace industry's impact from commercial space is expanding faster thanks to strong passenger and freight demand.

Titanium has a better strength-to-weight quantitative relationship than steel and aluminum. As a result, prime bypass ratios are becoming increasingly necessary, and low-weight blisks are also in demand to compensate for the weight increase by the prime bypass quantitative relation.

One of the major industry developments is the production of blisks using two distinct methods, directed energy deposition and PBF, using additive manufacturing techniques. The technique of additive manufacturing increases design freedom while reducing material waste.

The disadvantages of CNC machining, including chipping and design complexity, are eliminated by this method. In addition to reducing weight from the blade and the center of the disk, the approach also permits the creation of web-like structures to conserve material and further decrease weight.

The aerospace titanium blisk industry is divided into three segments based on diameter: 70–80 cm, > 70 cm, and 80–90 cm. The titanium blisk market with a diameter under 70 cm has the biggest market share. This can be explained by the fact that business jets and most commercial aircraft use blisks with a diameter of less than 70 cm.

However, due to the increasing use of this category in military and next-generation aircraft, the 80-90 cm titanium blisk segment is anticipated to experience the highest CAGR in this decade.

The demand for aerospace titanium blisk has been divided into general aviation, commercial, military, and others, with model and experimental aircrafts falling under the "others" group. However, commercial aerospace titanium blanks hold the largest share in the industry.

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What are Factors Contributing to Boom of Aerospace Titanium Blisk Market in Asia-Pacific?

Owing to the numerous advantages offered by titanium-based blisks, such as low weight and high strength, they are witnessing a rising demand from the aerospace sector. These components offer as much as a 50% reduction in weight, as compared to nickel- and steel-based super alloys. Moreover, titanium has a much higher strength-to-weight ratio compared to aluminum and steel, with a density of 4.5 g/cm3. The increasing demand for higher fuel efficiency is pushing the need for a high bypass ratio, which is, in turn, fuelling the adoption of low-weight blisks.

Driven by the above-mentioned factors, the revenue generated from the sales of aerospace titanium blisks increased from $3,988.3 million to $4,945.4 million, from 2017 to 2023. The global aerospace titanium blisk market size is predicted to progress at a CAGR of 3.7% during the forecast period (2018–2023). Titanium blisks are used in commercial, general aviation, military and various other aerospace applications, such as in model and experimental aircraft. Amongst these, commercial aircraft recorded the highest usage of these components in 2017, owing to the rising demand for cargo and passenger air transport across the world.

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One of the biggest phenomena presently being observed in the aerospace titanium blisk market is the increasing usage of additive manufacturing techniques, in order to produce the blisks, through two distinct processes — directed energy deposition (DED) and power bed fusion (PBF). These additive manufacturing techniques help in reducing the generation of material waste and increasing the designing freedom. Moreover, these methods help in overcoming the problems and drawbacks associated with the use of computer-numerical control (CNC) machines, such as those pertaining to chipping and complexity of design.

Geographically, North America recorded the highest utilization of aerospace titanium blisks in 2017. This is mainly ascribed to the huge demand for business air transport fleets in the region. The total business aircraft fleet size in North America was reported to be 24,297 units in 2017. The Asia-Pacific (APAC) region is expected to register the highest rise in the adoption of aerospace titanium blisks during the forecast period, due to several factors, such as the increasing fleet size of the air forces of China and India, soaring air passenger traffic, and mushrooming demand for cargo.

Therefore, it is clear that the demand for aerospace titanium blisks will observe tremendous growth in future, due to the burgeoning requirement for cheaper, stronger, and lighter materials from the aerospace sector and the ballooning cargo and air travel requirements.

Read more: https://www.psmarketresearch.com/market-analysis/aerospace-titanium-blisk-market

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