Titanium is the structural material of the future. The global structure of titanium production is as follows:
– 90-95% of titanium raw materials are processed to get titanium dioxide pigment (TiO2). It is used to obtain titanium white for the production of paper, plastics, ceramics, etc.
– 5-10% of titanium raw materials are used for metal smelting.
The main applications of metallic titanium are aircraft construction, rocket science, shipbuilding, and medicine.
Due to the technological complexity and high capital intensity, only seven countries worldwide produce titanium metal: Russia, Ukraine, Kazakhstan, the USA, Japan, China, and India.
Titanium has several advantages over similar metals, namely aluminum and stainless steel, such as ruggedness, density and corrosion resistance, lightness, hypoallergenicity, high level of biocompatibility (crucial for medical implants).
At the same time, titanium is not widely used in the manufacturing of products due to its high cost compared to aluminum and stainless steel. If a new technology appears in the world that drastically reduces the cost of titanium processing, titanium products can partially replace aluminum and stainless steel products. It is an immense potential for companies engaged in the titanium industry.
Today, various companies and countries, including Ukraine, are working on research and development of new technologies for metallic titanium processing. Whoever achieves the result first will gain a competitive advantage and win new markets. Given that Ukraine has substantial titanium reserves (20% of the world’s resources), it has all
the preconditions to become a winning country, provided the state stimulates the industry.