In recent years, with the improvement of environmental awareness and industrial manufacturing technology, titanium alloy forgings, a high-strength, corrosion-resistant and lightweight material, have been widely used in aviation, aerospace, automotive, medical and other fields. Japan is one of the world’s largest titanium alloy forging producing countries, and its market development is attracting attention.
In terms of current market trends, it can be seen that government policy support has become one of the main driving factors. The Japanese government has strengthened its support for the titanium alloyforgings industry and has put forward relevant policies to promote its rapid development. Among them, the most notable is the sustained policy preference for new energy vehicles. In December 2019, while releasing the “2020 Plan for the Development of New Energy and Energy Conservation Technologies”, the Japanese government announced that it will strengthen support for new battery and material technologies, lightweight technologies, and other areas. The lightweight characteristics of titanium alloy forgings can meet the needs of energy conservation and emission reduction of new energy vehicles, thus achieving widespread application and promotion.
In addition, titanium alloy forgings have also been widely used in the equipment manufacturing field such as aviation and aerospace. The Japanese government has also taken positive measures to support and promote the titanium alloy forgings industry in these areas. For example, in 2020, the Japanese government approved a subsidy plan totaling 93 billion yen to improve titanium alloy forging production facilities and strengthen the development of production technology. Such policy support and capital investment play an important role in promoting the development of titanium alloy forgings.
In addition to policy support, market demand is also one of the reasons for the rapid development of titanium alloy forgings. For example, in the field of medical technology, with the accelerated trend of aging population, people’s requirements for medical devices are becoming higher and higher. Titanium alloy forgings, as a high-strength, corrosion-resistant and bio-compatible material, have become an ideal choice for medical devices. Therefore, titanium alloy forgings also have huge market potential in the field of medical device manufacturing.
In summary, Japan is one of the world’s largest titanium alloy forging producing countries. The government’s active policy support and market demand are among its current market trends. The application of titanium alloy forgings in fields such as new energy vehicles, aviation, aerospace, and their market potential in the medical device manufacturing field, provide vast space and opportunities for their future development.
