Titanium: The Metal of the Future
Titanium: The Metal of the Future
Titanium is a popular metal, but are we harnessing its true potential or merely scratching the surface?
when compared to stainless steel and aluminum, titanium is produced and used on a relatively small scale. Its current applications are highly specialized, ranging from aircraft turbine engines to medical implants and military vehicles.
This infographic sponsored by IperionX explores titanium’s growth markets and potential for mainstream application in the future.
Titanium Production vs. Stainless Steel and Aluminum
Titanium’s high cost limits its applications and scale of production.
In fact, global titanium metal production is less than 1% of aluminum and steel production.
|Metal||2021 production (million tonnes)||Price range per tonne|
Titanium is expensive because it is still processed and refined using the 80-year-old Kroll process. Invented by metallurgist William Kroll in 1940, the Kroll process is complex, energy-intensive, and carbon-intensive.
While titanium produced using the Kroll process is uneconomical for large-scale uses, cost-competitive and sustainably-produced titanium could kickstart a new Titanium Age.
The Growth Markets for Titanium
Titanium has untapped growth potential in many markets, but four industries stand out:
Titanium’s high strength-to-weight ratio and high melting point make it a critical material for aerospace and space exploration. The global space economy is growing exponentially, with space industry revenues projected to surpass $1 trillion by 2040 according to Morgan Stanley.
In high-end consumer electronics like laptops and smartphones, titanium allows for stronger, lighter, and thinner products.
Titanium’s properties allow the potential to significantly reduce the weight of EVs, improving battery efficiency and range. Tesla’s Model S uses a titanium underbody shield to protect the car from roadside damage, thanks to the metal’s exceptional strength-to-weight ratio.
Titanium’s durability and anti-corrosive properties make it an increasingly demanded premium product for luxury goods, including watches.
Dawn of the Titanium Age
Titanium is as strong as steel and 45% lighter, and twice as strong as aluminum. However, it has not achieved its potential because of high production costs.
With cost-competitive production, titanium has the potential to substitute stainless steel and aluminum, making many products stronger and/or lighter.
IperionX is a U.S. metals technology company developing the world’s first 100% recycled, low-cost, low-carbon titanium supply chain. Click here to learn more now.
In part 3 of the Titanium 101 Series , we will dive into foreign dominance of the titanium supply chain and the need to onshore production in the United States.
You may also like
Datastream 1 hour ago
Mapped: Legal Sports Betting Totals by State
In 2022, legal sports betting in the U.S. totaled over $93 billion. Which states saw the most and least wagers? (Sponsored post)
Technology 15 hours ago
Timeline: The Shocking Collapse of Silicon Valley Bank
Silicon Valley Bank was shuttered by regulators becoming the largest bank to fail since the height of the Financial Crisis. What happened?
Misc 3 days ago
Vintage Viz: China’s Export Economy in the Early 20th Century
This pie chart, circa 1914, is a fascinating breakdown of China’s export economy just prior to World War I.
Markets 4 days ago
Mapped: The Largest 15 U.S. Cities by GDP
In this visual, we’ve ranked the top U.S. metropolitan areas in terms of their GDP. How does your city rank?
Datastream 5 days ago
The Drive for a Fully Autonomous Car
Automakers have spent $75 billion in the race to launch the first autonomous car, but just how close are we to ditching the steering wheel? (Sponsored…
VC+ 5 days ago
NEW FEATURE: Unlock the VC+ Archive in March
This month sees the launch of the VC+ archive, giving easy access to all past content we’ve sent out alongside March’s special features.