In addition, due to the characteristics of the industry, the cost of raw materials accounts for a large proportion of operating costs, raw material procurement needs to occupy a large amount of funds, and the equipment products industry has a relatively long repayment cycle, which occupies a lar ger amount of liquidity, and further constitutes a capital obstacle for new entrants. (4) Customer trust barrier At present, titanium plate gr7 ,ti6al4v eli, the titanium and titanium alloy industry has developed to a certain extent, most customers have the concept of "first impressions first", downstream customers often choose their own trustworthy enterprises, such as long-term cooperative enterprises or brand excellent enterprises, first occupy the market will gain greater market advantages, new entrants will gain the trust of downstream customers. The cost of investment is more than that of early entrants, which often constitutes a barrier to entry for new entrants. 3. Development status of titanium industry in China Wujiang Group, the first titanium industry chain in China, with a total investment of 7.6 billion yuan, is closely linked from titanium ore to 20000 tons of titanium sponge and titanium processing, titanium alloy and titanium household products industry chain.  Johnson Metals Company Limited,titanium seamless tube, and merged with Valinox Pipe Company of France, the largest pipe manufacturing company in Europe. With the formation of the Valitimet joint venture, these acquisitions have significantly strengthened Timet. Return to Sohu to see more Responsible Editor:. yunchtitanium.com