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timet.com

Founded Year

1950

Stage

Take Private | Alive

Valuation

$0000 

About Timet

Timet is a provider of mill and melted products. The company converts rutile ore into sponge, melts and refines ingot and slab, manufactures mill products, and supports its customers through a worldwide network of service centers and manufacturing facilities.

Timet Headquarters Location

4832 Richmond Road Suite 100

Cleveland, Ohio, 44128,

United States

216-910-0770

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Timet Patents

Timet has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/28/2015

Metallurgy, Steels, Engine technology, Metalworking, Alloys

Application

Application Date

10/28/2015

Grant Date

Title

Related Topics

Metallurgy, Steels, Engine technology, Metalworking, Alloys

Status

Application

Latest Timet News

06:30 ET Global Aerospace MRO Raw Materials Market Report 2021-2026 Featuring VSMPO-AVISMA, Allegheny Technologies, TIMET, Alcoa...

Mar 10, 2022

News provided by Share this article Share this article The Aerospace MRO raw materials market endured a grave decline of +29% YoY in 2020. The unforeseen circumstances amid the pandemic shook the industry stakeholders to the core. Nevertheless, the resilient aerospace industry is likely to recoup from 2021 onwards, gradually and steadily heading towards a full recovery, a couple of years later. A similar impact is expected to reflect in the aerospace MRO raw materials market which is estimated to heal at a promising CAGR of 8.4% during the forecast period to reach an impressive figure of US$ 1 billion by 2026. For decades, aluminum dominated the aerospace industry owing to its advantages such as being lightweight and low cost. The tables have turned, since the entry of highly efficient composite materials into the market. Composites are now used not only in primary structural parts, such as fuselage sections, wings, rudders, and rotor blades; but also in the doors, seats, and partitions, in the latest aircraft programs. The aerospace industry was already encircled with several challenges, such as fading air passenger traffic growth and the ongoing grounding of the B737 Max in 2018-2019. The spread of the pandemic deepened the existing industry challenges, putting a brake on the entire aerospace industry's acceleration (ending its 16-year boon). Segment Analysis Aerospace MRO Raw Materials Market by Platform Type Based on the platform type, the publisher has segmented the market as commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopter. Despite suffering a massive blow in 2020, commercial aircraft is projected to remain the largest and the fastest-growing segment of the market during the forecast period. Rapidly recovering demand and production of aircraft, probable market entry of new aircraft, such as C919, sooner rather than later, and an incessant requirement of mill products best suiting the applications at hand, are the key reasons behind the segment's healthy growth in the long run. Aerospace MRO Raw Materials Market by Material Type Based on the material type, the market is segmented as titanium & alloys, aluminum & alloys, steel & alloys, composites, and others. Titanium & alloys captured a major chunk of the pie in 2020 and are expected to maintain their unwavering vanguard during the forecast period. High strength-to-weight ratio and excellent corrosion resistance drive their usage in the aerospace industry. Aerospace MRO Raw Materials Market by Application Type In terms of applications, engine grabbed the throne in the market. Maintenance for engines and their components is driven by utilization, primarily by accumulated flight hours and cycles. When an aircraft stays in storage for long durations that pass the airframe check thresholds, it must undergo the corresponding maintenance before it can return to service. With thousands of aircraft in storage due to the pandemic, a healthy demand bubble is likely to arise from 2021 onwards. Regional Analysis In terms of regions, the aerospace hub, North America is expected to maintain its unquestionable lead during the forecast period. There are several major players, such as Hexcel Corporation, Solvay SA, Toray Advanced Composites (TCAC), Alcoa Corporation, and VSMPO Trius US, that are headquartered in the region. Europe and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, the latter is likely to witness the highest growth during the forecast period. Key Players 3.1. Aerospace MRO Raw Materials Market Trend and Forecast (US$ Million & Million Lbs.) 3.2. Pre-COVID vs Post-COVID Assessment 3.3. Real GDP Loss vs Aerospace MRO Raw Materials Market Loss (2020-2021) 3.4. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic Scenarios 4. Aerospace MRO Raw Materials Market Assessment (2015-2026) 4.1. Platform-Type Analysis 4.1.2. Regional Aircraft: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.1.3. General Aviation: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.1.4. Military Aircraft: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.1.5. Helicopter: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.2. Material-Type Analysis 4.2.2. Aluminum & Alloys: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.2.3. Steel & Alloys: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.2.4. Composites: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.2.5. Others: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.3. Application-Type Analysis 4.3.2. Engine: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.3.3. Components: Regional Trend and Forecast (US$ Million & Million Lbs.) 4.4. Regional Analysis

Timet Web Traffic

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  • When was Timet founded?

    Timet was founded in 1950.

  • Where is Timet's headquarters?

    Timet's headquarters is located at 4832 Richmond Road, Cleveland.

  • What is Timet's latest funding round?

    Timet's latest funding round is Take Private.

  • Who are the investors of Timet?

    Investors of Timet include Precision Castparts.

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