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Titanium Composites Brazing Market Segmented By application such as Aero-Engines, Gas Turbines and High-Pressure Systems
Titanium composites have higher wear resistance, stiffness, and strength compared to conventional titanium alloys. It has contain particles such as TiC or TiB which are responsible for the self-lubricating behavior of titanium composites. This in turn, results in lower wear and elastic modulus than other metal-matrix-composites. Titanium composites is used in various industries including aerospace, automotive, and electronics.
Titanium composites is used for most of the application in as a substitute for titanium alloys, which is responsible for the growth of global titanium composites brazing market. Titanium composites brazing market registers significant growth rate, owing to increasing demand for heat resistant metal filler in the aerospace and automotive industry. North America titanium composites brazing market is expected to contribute for major revenue share, attributed to growing aerospace industry across the region.
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The growth of the global titanium composites brazing market is driven by growing industries such as aerospace, automotive, and electronic. Moreover, increasing demand for heat resistive metal filler also fueling the global titanium composites brazing market. The advantages of titanium alloy filler over other ceramic and metal filler including high heat and thermal conductivity, and high pressure tolerance, fueling the demand for global titanium composites brazing market.
However, high prices of raw material used in the production of titanium composites brazing restraining the titanium composites brazing market across the globe. The company operates in the titanium composites brazing market can increase its share in the global titanium composites brazing market by increasing their investment in Asia-Pacific region.
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On the basis of geographies, the global titanium composites brazing market is segmented into seven regions -- North America, Western Europe, Eastern Europe, Japan, Asia-Pacific except Japan, Latin America, and the Middle East & Africa. Among the regions, North America account for a relatively high share of the global titanium composites brazing market in terms of value, attributed to the growing aerospace industry across the regions.
Western Europe is followed by North America in global titanium composites brazing market, owing to high demand for automotive across the region. Eastern Europe and Japan also accounts for significant value share in the global titanium composites brazing market, owing to high technological advancement in the regions.
The Asia-Pacific is expected to register relatively high growth in the global titanium composites brazing market over the forecast period, owing to rapid rate of advancement in industries such as automotive, medical devices, and electronic across the region. The developing economy such as Middle East Africa and Latin America have a moderate growth in the global titanium composites brazing market, attributed to industrial development across the regions. Overall, the outlook for the global titanium composites brazing market will have a positive growth over the forecast period.
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Few players in the global titanium composites brazing market include Morgan Advanced Materials and its affiliates, Titanium Brazing Inc., Advanced Materials Technology GmbH, Superior Flux & Mfg. Co., Wesgo Metals, and Aimtek, Inc.
