The state of the USA titanium industry in 1995

The USA titanium industry has been in a prolonged depressed market owing to reduced military requirements and reduced commercial airline sales. Recent capacity reductions and consolidations still leave the industry with significant excess capacity. The response to these market conditions was to develop less costly alloys, reduce processing costs, improve quality and aggressively pursue new non-aerospace applications. These developments combined with current improvements in both non-aerospace and commercial aerospace markets will help stabilize the USA titanium industry in the last half of this decade.