Titanium growth prospects are looking good

According to Titanium: Market Outlook to 2018, published by Roskill, the volatility of the market is due to an increasingly differentiated industry. In Europe and North America, aerospace applications regularly account for more than 60% of demand. Production of titanium sponge and mill products in these regions is also largely orientated towards the aerospace market. The rapid growth in production of sponge and mill products in China serves the growing domestic demand in industrial applications, which accounted for more than 80% of consumption in 2012.