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The Metal Forging Market had grown at around 5% CAGR during 2016 to 2020. It valued at around US$ 84 Billion by the end of the period. However, as the COVID-19 pandemic unfurled, the growth stalled as the major users of the forging industry i.e. aerospace and automotive sectors suffered during the first half of the year. The Impact caused is massive. High melting point and low thermal conductivity of Titanium alloy makes it a major gainer in the metal forging industry demand in the aerospace sector. It has a bunch full of properties combined together, suitable for the industrial usage. It has high strength-to-weight ratio, low density, and corrosion resistance properties which make its demand keep rising. The material's thermal expansion rate is very low and thus it can be used in processes requiring higher tolerance range, which is very useful for industrial applications. Due to above properties , the demand for titanium alloys sees arising trend in the aerospace sector. This further leads the worldwide metal forging market towards growth. You can leave a comment or directly check the URL. Thanks a Lot!

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