The Research of China Titanium Industry and Baoji Titanium Industry Co. Ltd has announced the release of “The Research of China Titanium Industry and Baoji Titanium Industry Co. Ltd” report. Key topics covered include: “Overview of the world’s titanium industry”; “Global reserves of titanium”; “China’s titanium reserves and consumption”; “Titanium sponge”; “Titanium materials”; and “A complete industrial chain of processing titanium”. The report found that demands of titanium in electricity and other civilian areas have been greatly increased. It also indicated that, by 2010, the world’s titanium sponge production capacity will reach 320,000tns. The report further suggests that global consumption of titanium is relatively centralized, with consumers mainly in the United States, Japan, Russia, China, and Europe. Due to the different levels of industrial development of various countries and regions, the application of titanium products is totally different. In the United States and Europe, titanium is mainly used in the field of aerospace, accounting for 60% of its consumption; in Japan, titanium is mainly used in chemical industry and electric power, accounting for 50% of its consumption; in China, titanium is mainly used in chemical industry and sports leisure industry, accounting for 70% of its consumption.
