With the rapid development of the aviation industry, more and more aircraft are beginning to use titanium alloys. Titanium alloys have the advantages of being lightweight, high strength, and corrosion resistant, which can fully meet the performance requirements of aircraft and have been widely used. Faced with huge market demand, China has strengthened the formulation of relevant policies and actively promoted the development of the titanium alloy industry.
Firstly, according to the “Mid- and Long-Term Development Plan for Aviation Technology”, by 2025, China will build a world-class aviation industry system and independent innovation capabilities. The titanium alloy industry will become an important support for aircraft manufacturing, accounting for an estimated 5% of the global output value. China is vigorously promoting the research and development and advancement of titanium alloy production technology, and will increase investment in talent training, technological upgrading, and industry standards.
Secondly, in 2019, the State Council issued the “Opinions on Promoting the High-quality Development of the Aviation Industry”, proposing to optimize the industrial structure of aviation materials, and increase support for the research and development and industrialization of aviation materials such as titanium alloys, high-temperature alloys, and composite materials. This policy further stimulated the investment of enterprises in the field of titanium alloys, helping China’s aviation industry take off.
Finally, according to statistics, the global titanium alloy market was approximately USD 6.3 billion in 2019 and is expected to reach USD 8.5 billion by 2026, with a compound annual growth rate of approximately 4.3%. In the Chinese market, with the continuous growth in demand for titanium alloys in civil aviation, military, and other fields, it is estimated that China’s titanium alloy market will reach RMB 72 billion by 2025. This indicates that the application prospects of titanium alloys in the aviation field are very broad, and the future market potential is enormous.
In summary, with technological progress and policy support, China’s titanium alloy industry has taken a new step forward, with unlimited potential and room for upward development. It is believed that in the near future, titanium alloy materials will become an important choice for aircraft manufacturing and will also promote the continuous growth of China’s aviation industry.
