Global Titanium Market Size, Trends, and Growth Opportunity, By Type (Titanium Concentrate, Titanium tetrachloride, Titanium Sponge, Ferrotitanium, Titanium Pigment, Other), By Application (Aerospace & Marine, Industrial, Medical, Energy, Pigments, Additives & Coatings, Papers & Plastics, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Titanium Market
The global Titanium market was valued at USD 26.55 Billion in 2022 and is expected to expand to USD 53.50 Billion in 2030 at a CAGR of 7.96% during the forecast period 2023- 2030.
A very robust metal mostly derived from ilmenite & rutile is Titanium metal. This metal is corrosion-resistant and also is very durable and very light.
Market Drivers
The main driving factors for the growth of the market are the increasing application of titanium in several industries like automotive, construction, aerospace, and rules demanding the use of ecologically friendly products.
Market Restraints
The main restraining factors for Global Titanium Market are high production cost and high reactivity at high temperatures. Also, Problems linked with the extraction process of titanium is also expected to hamper the market.
Market Segmentation
The global Titanium market is segmented based on Type, Application, and region. On the basis of Type, it is segmented into Titanium Concentrate, Titanium tetrachloride, Titanium Sponge, Ferrotitanium, Titanium Pigment, and Others. Based on Application, it is segmented into Aerospace & Marine, Industrial, Medical, Energy, Pigments, Additives & Coatings, Papers & Plastics, and Others. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Regional Analysis
North America is anticipated to dominate the market owing to the availability of the metal has amplified suggestively as a result of the metals and mining sector's rapid expansion and their high application in the manufacturing of medical products like IV bags.
Asia Pacific is also likely to witness significant growth in the forecast period due to the upsurge in construction activities in China, India, and Southeast Asian countries. Also, the use of titanium has enlarged in aircraft therefore, growth in production of these directly supports Titanium Market growth in this region.
Key Players
Various key players are listed in this report such as Huntsman International LLC., Iluka Resources Limited, Sumitomo Corporation, VSMPO-AVISMA Corporation, TOHO TITANIUM CO., LTD., Precision Castparts Corp, TITANIUM INDUSTRIES INC., Norsk Titanium US Inc., VVTi Pigments., Kenmare Resources plc.
Industry Developments
In May 2020, Tronox Holdings plc has signed a definitive agreement to purchase for approximately $300 million the TiZir Titanium and Iron ('TTI') business from Eramet S.A., a publicly-traded French international mining and metallurgy firm. This strategic transaction is an advancing vertical integration approach that will provide Tronox to expand titanium feedstock capability to better meet internal requirements and, in exchange, better support for pigment customers with a low-cost, reliable supply source.
In 2019, Western Superconducting Technologies Co., Ltd expanded its service by supplying a 63/80-MN two-column high-speed push-down open-die forging press by an SMS group. Two integrated rail-bound 25-ton manipulators and a mobile eight-ton loading and unloading manipulator were also included in the supply.
In 2018, Arconic Corporation expanded its aluminum and titanium aerospace parts facility in Bestwig, Germany. The expansion increased its production capacity in meeting the growing demand from commercial aircraft manufacturers.
Market Taxonomy
By Type
o Titanium Concentrate
o Titanium tetrachloride
o Titanium Sponge
o Ferrotitanium
o Titanium Pigment
o Other
By Application
o Aerospace & Marine
o Industrial
o Energy
o Medical
o Pigments
o Additives & Coatings
o Papers & Plastics
o Others
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Titanium Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Titanium Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Titanium Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Titanium Market Share Analysis, By Type
5.3 Global Titanium Market Size and Forecast, By Type
5.3.1 Titanium Concentrate
5.3.2 Titanium tetrachloride
5.3.3 Titanium Sponge
5.3.4 Ferrotitanium
5.3.5 Titanium Pigment
5.3.6 Other
6 Global Titanium Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Titanium Market Share Analysis, By Application
6.3 Global Titanium Market Size and Forecast, By Application
6.3.1 Aerospace & Marine
6.3.2 Industrial
6.3.3 Medical
6.3.4 Energy
6.3.5 Pigments
6.3.6 Additives & Coatings
6.3.7 Papers & Plastics
6.3.8 Others
7 Global Titanium Market, By Region
7.1 Global Titanium Market Share Analysis, By Region
7.2 Global Titanium Market Share Analysis, By Region
7.3 Global Titanium Market Size and Forecast, By Region
8 North America Titanium Market Analysis and Forecast (2023- 2030)
8.1 Introduction
8.2 North America Titanium Market Share Analysis, By Type
8.3 North America Titanium Market Size and Forecast, By Application
8.4 North America Titanium Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Titanium Market Analysis and Forecast (2023- 2030)
9.1 Introduction
9.2 Europe Titanium Market Share Analysis, By Type
9.3 Europe Titanium Market Size and Forecast, By Application
9.4 Europe Titanium Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Titanium Market Analysis and Forecast (2023- 2030)
10.1 Introduction
10.2 Asia Pacific Titanium Market Share Analysis, By Type
10.3 Asia Pacific Titanium Market Size and Forecast, By Application
10.4 Asia Pacific Titanium Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Titanium Market Analysis and Forecast (2023- 2030)
11.1 Introduction
11.2 Latin America Titanium Market Share Analysis, By Type
11.3 Latin America Titanium Market Size and Forecast, By Application
11.4 Latin America Titanium Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Titanium Market Analysis and Forecast (2023- 2030)
12.1 Introduction
12.2 Middle East Titanium Market Share Analysis, By Type
12.3 Middle East Titanium Market Size and Forecast, By Application
12.4 Middle East Titanium Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Huntsman International LLC.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Iluka Resources Limited
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Sumitomo Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 VSMPO-AVISMA Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 TOHO TITANIUM CO., LTD.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Precision Castparts Corp
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 TITANIUM INDUSTRIES INC.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Norsk Titanium US Inc.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 VVTi Pigments.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Kenmare Resources plc.
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
