The Impact of Titanium Alloys on the Oil and Gas Sector

The titanium alloys market is estimated to grow at a moderate CAGR of 4.9% during the forecast period to reach US$ 9 billion in 2028.

Titanium alloys contain a higher weightage of titanium (excluding pure titanium which is more than 99%) along with other metals to provide alloys with exceptional corrosion resistance, high-temperature resistance (some alloys up to 550°C), and excellent strength. The most common titanium alloy used in the market is Ti-6Al-4V alloy, which is highly applicable in the aerospace (mainly for aircraft ducting, hydraulics, tubing, and airframe components), military, marine, and consumer industries. Globally, the manufacturers sell titanium alloys in the form of bars, flat products, tubes, etc. for usage in the aerospace, industrial, military, medical, energy & power, and many other industries.