With the continuous development of the national economy in recent years, the titanium alloy forging industry has also experienced rapid growth in China. According to relevant data, in 2018, China’s titanium alloy forging output reached nearly 300,000 tons, and the industry’s market size continues to expand. In the next few years, the Chinese titanium alloy forging industry will continue to maintain its high-growth trend.
I. Development Status of the Titanium Alloy Forging Industry
- The overall scale of the industry is expanding year by year
Titanium alloy forgings are the core components of important fields such as aviation, aerospace, and military industries, and have extremely high value and market prospects. Since 2000, China’s titanium alloy forging industry has gone through a relatively slow development stage, but after 2010, with the continuous improvement of material performance in international fields such as aviation and energy, the titanium alloy forging industry has shown a high-growth trend.
- Technological level is gradually improving
In titanium alloy forging production, the selection of raw materials and manufacturing processes are critical factors affecting product performance. In recent years, China has continuously improved the technology and equipment level of titanium alloy forging manufacturing with the power of high-tech. In 2018, China successfully developed production equipment for high-quality titanium alloy forgings, ensuring the manufacturing quality and specification requirements of products and further enhancing the industry’s competitiveness.
II. Outlook for the Titanium Alloy Forging Industry
Titanium alloy forgings are one of the key supporting materials in China, and the industry will continue to maintain a high growth trend in the next few years. According to relevant agencies’ predictions, by 2023, China’s titanium alloy forging market size will exceed CNY 20 billion.
- Huge demand in aviation, aerospace, military, and other markets
With the continuous advancement of China’s aerospace industry, the rapid development of civil and military aviation manufacturing industries has continued to increase the demand for titanium alloy forgings, and it is expected to become the main driving force of the market in the next few years. In addition, industries such as electronics, medical care, and lumbar spine implant materials will also expand their applications of titanium alloys.
- Technological innovation and equipment upgrading will further promote industry development
In the next few years, the titanium alloy forging industry will continue to rely on technological innovation and equipment upgrading to improve product processing accuracy and surface quality while reducing manufacturing costs and accelerating production speed. Green and intelligent production methods will bring new opportunities for the industry’s development.
III. Case Analysis of the Industry
- Xinkongjian Manufacturing, Achieving the first airframe rigid components of large titanium alloy aircraft fully enclosed forging in China
Xinkongjian Manufacturing is an enterprise specializing in the production of civilian aviation and national defense aviation core components. Since entering the field of titanium alloy forging in 2014, the company has experienced multiple technological breakthroughs and achieved the first airframe rigid components of large titanium alloy aircraft fully enclosed forging in China.
- Shen Zhou Technology, Building the World’s Largest Titanium Alloy Forging Production Base
Shen Zhou Technology is a world-leading high-tech enterprise in titanium alloy forging in aviation, aerospace, and military fields. The company has been developing titanium alloy forging technology since 2009 and has made remarkable achievements in technological innovation and equipment upgrading. At present, it has built the world’s largest titanium alloy forging production base in Nanchang, China, and is expected to continue to expand production capacity in the next few years.
Conclusion:
Overall, the performance of China’s titanium alloy forging industry in technology, market, and production capacity has significantly improved, and it will continue to maintain a high-growth trend in the next few years, becoming an important pillar to promote the country’s economic development and advance high-end materials in fields such as aviation, aerospace, and military.
