Titanium and its high-end products have greater development potential in the future

There are more than 160 titanium alloy production enterprises in China. There are fewer enterprises with good independent R & D ability, high product technology content and excellent brand characteristics. Most enterprises are concentrated in the medium and low-end fields, especially in the low-end market, with overcapacity and fierce competition. The demand for high-end titanium alloy products in China's petrochemical, aerospace, electric power, marine engineering and other industries continues to be strong, and the market demand for titanium alloy is shifting from medium and low-end fields to medium and high-end fields. 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 the titanium alloy products in the United States are used in high-end fields. There is a large gap between China's titanium alloy industry and developed countries. With the gradual large-scale manufacturing of large aircraft and the continuous upgrading of military aircraft in China, the demand for titanium alloy in the aviation industry will continue to increase. Judging from 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 the supply of China's high-end titanium alloy products is insufficient and the market depends on imports. The industry needs to continuously improve its R & D and innovation ability, improve product performance, develop new functional products, and accelerate the pace of import substitution in the high-end titanium alloy market.

According to industry analysts, national policies pay more attention to the high-tech industry, and the demand for high-end materials in domestic aerospace, shipbuilding, marine engineering, transportation, military and other fields is increasing. The production strategy of high-end titanium alloy is of great significance. It has become an inevitable trend for the titanium alloy industry to adjust its product structure and transfer to high-end fields. Therefore, the technical requirements of the titanium alloy industry for production enterprises will be higher and higher. Enterprises can achieve further development only by continuously improving their core competitiveness. In the future, the technical barriers to entry of the titanium alloy industry will continue to improve.