Titanium Sponge Market Share 2023, Growth Factors, Business Overview, Top Key Players with Global Industry Trends by 2030
Titanium sponge refers to the purest form of titanium, which is the starting material for the production of various titanium products, including aerospace and defense components, medical implants, and sporting equipment. The production of titanium sponge involves a complex process called the Kroll process, named after the inventor William J. Kroll. In this process, titanium tetrachloride (TiCl4) is reacted with magnesium (Mg) in a high-temperature reduction furnace. This reaction produces metallic titanium in the form of a porous, spongy material, which is then separated from the magnesium chloride (MgCl2) byproduct. The resulting titanium sponge can be further processed into various forms, including ingots, sheets, and powder. The purity of the titanium sponge is critical in determining the quality of the final product, and as such, stringent quality control measures are in place during its production. The global titanium sponge market is primarily driven by the increasing dema...