There are more than 160 titanium alloy production enterprises in China. The number of enterprises with better independent research and development capabilities, higher product technology content and better brand characteristics is relatively small. Competition is fierce. China’s petrochemical, aerospace, power, marine engineering and other industries continue to have strong demand for high-end titanium alloy products, and the market demand for titanium alloys is shifting from the low-end to the high-end. However, the number of high-end titanium alloy production enterprises in China is small, and the market supply is insufficient.
At this stage, only 10% of China’s titanium alloy products are used in high-end fields, while 50% of U.S. titanium alloy products are used in high-end fields. The gap between China’s titanium alloy industry and developed countries is large. With the gradual increase of China’s large aircraft manufacturing and the continuous upgrade of military aircraft, the aviation industry’s demand for titanium alloys will continue to increase. From the perspective of the import unit price of China’s titanium alloy products in 2018, the import unit price is much higher than the export unit price, indicating that China’s high-end titanium alloy products are in short supply and the market depends on imports. The industry needs to continue to improve R & D and innovation capabilities, improve product performance, develop new functional products, and accelerate the pace of import substitution in the high-end titanium alloy market.
In 2017, China’s titanium output was around 33 million tons, and industry output declined in 2018. Affected by factors such as weak market demand, high port stocks, and an unsatisfactory economic situation, in 2018, China ’s titanium alloy industry had a good start-up rate, small enterprises resumed production cautiously, and overall industry output declined. In the context of growing demand for high-end titanium alloys in China, large-scale enterprises with higher technological level have greater potential for future development.
According to industry analysts, the importance of national policies on the high-tech industry is increasing. The demand for high-end materials in the domestic aerospace, marine, marine engineering, transportation, military and other fields is increasing. The production strategy of high-end titanium alloys is of great significance. Titanium alloys It has become an inevitable trend for the industry to adjust product structure and shift to high-end fields. Therefore, the technical requirements of the titanium alloy industry for production enterprises will become higher and higher. Only by continuously improving their core competitiveness can the company be further developed. In the future, the technical barriers for the titanium alloy industry to enter will continue to increase.
According to the “2019-2023 Titanium Alloy Industry Market Depth Survey and Investment Outlook Forecast Analysis Report”, global titanium alloy production capacity is mainly concentrated in China, the United States, Russia, Japan and other countries. In 2010, China surpassed the United States to become the world’s largest titanium alloy Producing countries. The titanium alloy products in the United States are mainly high-end products, which are mainly used in the aerospace field, while the titanium alloy products in China are mainly concentrated in the low-end and middle-end fields, which have low technical content and are mainly used in the industrial field. Compared with the United States, China’s titanium alloy industry is large but not strong, and its overall competitiveness is weak.