Titanium Market is predicted to reach at USD 34,738 Million by 2028 at a CAGR of 6.3% during the forecast period

Introduction of the Titanium Market Report

Titanium is a transition metal having a white-silvery metallic appearance, and it is one of the strongest metals with the strength of more than 430 megapascals. It is more vital than steel, lighter in weight, and is abundant, which makes it extremely useful. It can be used as a pigment in house paint, jewellery, plastics, enamels, goalie masks, and many more. Titanium connects well with the bones, so it has also found surgical applications such as joint replacements and tooth implants.

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Market Dynamic 

Key Drivers and Emerging Trends

The factors driving the global Titanium Market include the increasing demand for the automotive and aviation industries. Titanium has excellent heat resistance properties, high durability, and lightweight and highly stiff metal used to produce high-speed aircraft, spacecraft, spaceships, and electrodes, driving massive demand for titanium market. Moreover, increasing demand for lightweight vehicles, owning to the need for better fuel efficiency, extends better profitable opportunity to the market players will further propel the market growth of the titanium market over the forecast period.
In addition, growth in the various industries such as hospitality, paint, and food processing industries will enhance the growth of the global Titanium Market. Furthermore, increasing urban population coupled with the growing housing and construction sector will increase the demand for titanium market.

Restraint in the Titanium Market

However, ore availability and the extraction of titanium from its ore is a costlier process, thereby hampering the global titanium market.

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Product Type- Segment Analysis

Based on the Product type, titanium dioxide is expected to grow at the fastest rate during the forecast period. Titanium dioxide works as a UV filtering ingredient in sunscreen, which helps to protect the skin from UV light which can cause skin burn and skin cancer. It is widely used in powder form as pigment for whiteness, opacity, and durability in the paints and coating sector. Most notably, in food grade, it is used as a colorant to enhance the color of white foods such as dairy products, candy, powder on donuts, and many more.

End-use Industry – Segment Analysis

Based on the End-use Industry, the aerospace & marine segment is projected to capture the largest market share over the forecast period in the global titanium market due to the significant use of titanium to produce turbine engines as well as a component such as compressor blades, discs, spacers, and seals. Apart from this, titanium is also used to manufacture landing gear supports, springs, fail-safe straps, and wing-support components in the aerospace industry. Titanium is used in aerospace and marine due to its high tensile strength, high corrosion resistance, and ability to withstand moderately high temperatures. For instance, Continental Steel and Tube company uses titanium alloy, which accounts for almost 50% of all alloys used in aircraft.

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Regional – Segment Analysis:

Based on the region, Asia Pacific region is expected to capture a significant market share in the global Titanium Market due to the rising adoption of titanium among the end-use Industry. The rise in the construction activities in China, India, and south Asian countries impacts the current and future trend of the market. Titanium is cheaper than other material in terms of life-cycle cost along with its low density, resistance to sea water, low co-efficient of thermal expansion and aesthetic quality will create demand in the region. Titanium is used for various architectural applications such as exterior cladding, sculpture, monuments as it is used for resist corrosion without maintenance or repair. Also, presence and availability of leading players will further boost the titanium market. For instance, Lomon Billions Group, Osaka Titanium Technologies co., Ltd., Shanghai Jiuta Chemical Co., Ltd., and many more are some of the key players in this region.

Top Market Players 

Various notable players operating in the market include Vsmpo-Avisma, ATI Metals, Titanium Metal Corporation, Chemours Company, Venator Materials, Plc., Tronox Holdings, Plc., Lomon Billions Group, Kronos Worldwide Inc., AMG Advanced Metallurgical Group NV, Allegheny Technologies Incorporated, and among others.

Key Developments:

• • In 2019, AMG Advanced Metallurgical Group NV acquired International Specialty Alloys, a producer of Titanium master alloys. Through this acquisition, the company has planned to increase its market position in aerospace market in North America and Europe region.

Segments covered in the Report:

The global Titanium Market has been segmented based on product type, end-use Industry, and region. Based on product type, market is segmented into Titanium dioxide, Titanium Tetrachloride, Ferrotitanium, and other. Based on end-use Industry, market is segmented into Aerospace & marine, Industrial, Medical, Energy, Additives & Coatings, Papers & Plastic, and others.

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Key questions answered in this research report:

• • At what pace is global titanium market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in titanium market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global titanium market?
  • Which product type generated maximum revenues in 2020 and identify the most promising product type during the forecast period?
  • What are the various end-use industry areas of global titanium market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2028)	USD 34,378 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product Type, By End-use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Vsmpo-Avisma, ATI Metals, Titanium Metal Corporation, Chemours Company, Venator Materials, Plc., Tronox Holdings, Plc., Lomon Billions Group, Kronos Worldwide Inc., AMG Advanced Metallurgical Group NV, Allegheny Technologies Incorporated, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Titanium Market by Product Type

• • Titanium dioxide
  • Titanium Tetrachloride
  • Ferrotitanium
  • Others

Global Titanium Market by End-use Industry

• • Aerospace & marine
  • Industrial
  • Medical
  • Energy
  • Additives & Coatings
  • Papers & Plastic
  • Others

Global Titanium Market by Region

• • North America Titanium Market (Option 1: As a part of the free 25% customization)
    • North America Titanium Market by Product Type
    • North America Titanium Market by End-use Industry
    • US Titanium Market All-Up
    • Canada Titanium Market All-Up
  • Europe Titanium Market (Option 2: As a part of the free 25% customization)
    • Europe Titanium Market by Product Type
    • Europe Titanium Market by End-use Industry
    • UK Titanium Market All-Up
    • Germany Titanium Market All-Up
    • France Titanium Market All-Up
    • Spain Titanium Market All-Up
    • Rest of Europe Titanium Market All-Up
  • Asia-Pacific Titanium Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Titanium Market by Product Type
    • Asia-Pacific Titanium Market by End-use Industry
    • China Titanium Market All-Up
    • India Titanium Market All-Up
    • Japan Titanium Market All-Up
    • Rest of APAC Titanium Market All-Up
  • RoW Titanium Market (Option 4: As a part of the free 25% customization)
    • RoW Titanium Market by Product Type
    • RoW Titanium Market by End-use Industry
    • Brazil Titanium Market All-Up
    • South Africa Titanium Market All-Up
    • Saudi Arabia Titanium Market All-Up
    • UAE Titanium Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Titanium Market All-Up

Major Players Operating in the Titanium Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Vsmpo-Avisma
  • ATI Metals
  • Titanium Metal Corporation
  • Chemours Company
  • Venator Materials, Plc.
  • Tronox Holdings, Plc.
  • Lomon Billions Group
  • Kronos Worldwide Inc.
  • AMG Advanced Metallurgical Group NV
  • Allegheny Technologies Incorporated