Global Aerospace Titanium Blisk Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aerospace Titanium Blisk Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A blisk is an aeroengine component consisting of a rotor disk and multiple blades in a single part. Titanium blisks are used in aircraft engines or the gas turbines to compress the air for propulsion.

Market Overview:

The latest research study on the global Aerospace Titanium Blisk market finds that the global Aerospace Titanium Blisk market reached a value of USD 3847.8 million in 2022. It’s expected that the market will achieve USD 4662.1 million by 2028, exhibiting a CAGR of 3.25% during the forecast period.

The aerospace industry has been greatly affected by the COVID-19 epidemic

Under the influence of COVID-19 epidemic, various countries have introduced policies to restrict transportation. The International Air Transport Association (IATA) published the results of global passenger traffic in 2020, which showed that the demand (revenue passenger kilometers or RPKs) decreased by 65.9% compared with the whole year of 2019, which was the largest decline in air passenger traffic so far. In addition, since the end of December, the number of forward bookings has dropped sharply. The international passenger transport demand in 2020 is 75.6% lower than that in 2019. The capacity (measured by kilometers of available seats or ASK) decreased by 68.1%, and the load factor decreased by 19.2 percentage points to 62.8%. In 2020, the air passenger volume will drop sharply, which will affect the demand for aircraft, which in turn limits the demand for Aerospace Titanium Blisk in aviation applications.

Advantages of Aerospace Titanium Blisk

The use of components in aerospace applications is usually driven by their weight. Compared with steel and nickel-based super alloys, the weight of titanium blisk is reduced by 50%. In addition, compared with steel and aluminum with a density of 4.5 g/cm3, titanium has an excellent strength-to-weight ratio. The demand for higher fuel efficiency is increasing, which stimulates the demand for high bypass ratio and drives the demand for low-weight integral blisk, which will compensate for the increased weight due to higher bypass ratio. People are increasingly aware of the advantages of titanium blisk in aerospace industry. Compared with traditional blisk, it is significantly lighter in weight, more flexible and less in maintenance, which leads to an increase in the use of titanium blisk in the global aerospace industry.

The difficulty of processing titanium alloy

Due to the extreme heat generated by cutting edges, titanium alloys are difficult to machine and expensive. Toughness of titanium and excessive heat generation require slower cutting parameters to maintain normal cutting temperature and acceptable tool wear. The purpose of centralized cooling at the cutting edge is to maximize the life of the tool, increase the cutting speed and maintain the normal cutting temperature. The difficulty of processing titanium alloy may challenge manufacturers to some extent.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (48.16% in 2022).

Company Overview:

GE Aviation is one of the major players operating in the Aerospace Titanium Blisk market, holding a share of 19.26% in 2023.

GE Aviation

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, as well as integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.

Rolls-Royce Holdings

Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.

Segmentation Overview:

Among different product types,<700 mm segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Aerospace Titanium Blisk market covered in Chapter 3:

GKN Aerospace
Whitcraft LLC
Pratt & Whitney
MTU Aero Engines AG
Rolls-Royce Holdings
GE Aviation
TEI Engine Industry
Hanwha Aerospace

In Chapter 4 and Chapter 14.2, on the basis of types, the Aerospace Titanium Blisk market from 2018 to 2029 is primarily split into:
<700 mm
700 to 800 mm
>800 mm

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aerospace Titanium Blisk market from 2018 to 2029 covers:

Military
Commercial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)