Titanium Market reached a value of US $ 22.39 Bn. in 2020. Alpha and Near-alpha Alloy is one of the dominating segment of the Global Titanium Market.
Titanium Market Overview:Titanium is a chemical element known for high-strength, low corrosion, and lightweight characteristics. Titanium is found in the form of titanium dioxide and titanium tetrachloride. Titanium is broadly distributed and constitutes 0.44 % of the earth's crust. The titanium metal is present in basically all rocks, sand, clay, and other soils. It is also found in plants, animals, natural waters and meteorites, and stars. In 2019, Titanium were the world’s 431st most traded product, and represent 0.037% of total world trade. In 2019, the top exporters of Titanium were, U.S. (US $ 2.09Bn.), Russia (US $ 0.680Bn.), Japan (US $ 0.671Bn.), U.K. (US $ 0.595Bn.), and China (US $ 0.538Bn), while the top importers of Titanium were, U.S. (US $ 1Bn), France (US $ 0.755Bn), Germany (US $ 0.722Bn), U.K. (US $ 0.597Bn.), and China (US $ 0.398Bn.). To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
Global Titanium Market Dynamics:Titanium is widely used in alloy form for parts in high-speed aircraft. Titanium metal is primarily used in the manufacturing of turbine engines components such as inlet cases, compressor blades, disks, and hubs, as well as spacers and seals. The turbine engine constitutes 25% of titanium and its alloys in terms of weight. In addition, it is also used to manufacture fasteners, landing-gear supports, springs, fail-safe straps, helicopter rotors, and several internal bulkheads and wing-support components in the aerospace industry. The Titanium market is showing continuous northward direction growth, thanks to its excellent mechanical and physical properties, and extensive usage in a wide range of end-user applications such as Aircraft, Automotive, and Chemical industries. The demand for titanium alloys from developing countries, such as China and India is also expected to increase. For instance, China is witnessing a significant increase in nationally manufactured aircraft, along with the major presence of product manufacturer companies are boosting the titanium market growth in the region. Titanium is used in medicinal applications, as it has great compatibility with the human body. Titanium is utilized in pacemakers, defibrillators, and other medical devices. It is expected to be used in the paper, plastic, paints, and coatings industries, owing to its chemical inertness, opacity to UV radiation, and self-cleaning capabilities, Titanium is also used in consumer goods, computers, sporting goods, and timepieces. The wide range of applications of titanium is expected to boost the product demand during the forecast period.
Global Titanium Market Segment Analysis:Based on the Microstructure, the Titanium Market is segmented into Alpha and Near-alpha Alloy, Alpha-beta Alloy, and Beta Alloy. The Alpha and Near-alpha Alloy segment held the largest market share accounting for 67% in 2020. Alpha and near-alpha alloys are pure commercial titanium alloys, and maintain alpha phase at room temperature. It contains alpha stabilizers, aluminum, oxygen, and tin. Alpha and near-alpha alloys contain high toughness and creep resistance, along with adequate mechanical strength. Additionally, 600ºC temperature can be reached by the product which is considered a key thermo-mechanical property. These factors are boosting the Titanium Market growth for this segment. Based on the Application, the Titanium Market is segmented into Aerospace, Automotive and Shipbuilding, Chemical, Power and Desalination, and Others. The Aerospace segment held the largest market share, accounting for 37 % in 2020. The growing demand for titanium in aerospace, as it has excellent compatibility with carbon-fiber-reinforced polymers in regarding to corrosiveness and coefficient of thermal expansion matters. Titanium is used in several applications of aircrafts such as Engines, compressors, fan blades, landing gear, flaps, spoilers, and fuel tanks. The Automotive and shipbuilding segment is expected to witness rapid growth at a CAGR of 6.3% during the forecast period. The increasing demand for lightweight vehicles and governments across the globe are supporting the production and sale of electric vehicles by providing favorable policies and subsidies, which are expected to boost the titanium market growth during the forecast period.
Global Titanium Market Regional Insights:North America region held the largest market share accounted for 41% in 2020, and is expected to grow at a CAGR of 5.9% during the forecast period. Increasing aircraft production in the region is primarily fueling the product demand in the region. Increasing population and the rising per capita income of individuals, the demand for commercial aircraft is also increasing. For instance, the largest U.S. airline, handles more than 90% of all U.S. traffic and 0.0572 billion passengers transported in May 2021. Asia Pacific region is expected to witness significant growth at a CAGR of 6.1% during the forecast period. This region's growth is attributed to the significant growth of the automotive industry and the growing demand for titanium alloys in the manufacturing of vehicles in the region. China dominated the titanium alloy market in the Asia Pacific region. According to Boeing, China is projected to require more than 7,600 new commercial aircraft, valued at USD 1200 billion, over the next two decades. The increasing demand from the chemical, high-end aerospace, medical, end-users is expected to boost the product demand in the region. The objective of the report is to present a comprehensive analysis of the Titanium Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Titanium Market dynamic, structure by analyzing the market segments and projecting the Titanium Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Titanium Market make the report investor’s guide.
Global Titanium Market Scope: Inquire before buying
Global Titanium Market by Region• North America • Europe • Asia Pacific • South America • The Middle East and Africa
Global Titanium Market Key Players• NIPPON STEEL CORPORATION • Allegheny Technologies Inc. • CRS Holdings Inc. • Baoji Titanium Industry Co. Ltd. • Allegheny Technologies Incorporated • AMG Advanced Metallurgical Group NV • Kronos Worldwide Inc • Lomon Billions Group • Venator Materials, Plc. • Tronox Holdings, Plc • Chemours Company • Titanium Metal Corporation • ATI Metals • VSMPO-AVISMA
Frequently Asked Questions:1] What segments are covered in the Titanium Market report? Ans. The segments covered in the Titanium Market report are based on Microstructure and Application. 2] Which region is expected to hold the highest share in the Titanium Market? Ans. The Asia Pacific region is expected to hold the highest share in the Titanium Market. 3] What is the market size of the Titanium Market by 2027? Ans. The market size of the Titanium Market by 2027 is US $ 33.47 Bn. 4] What is the forecast period for the Titanium Market? Ans. The Forecast period for the Titanium Market is 2020-2027. 5] What was the market size of the Titanium Market in 2020? Ans. The market size of the Titanium Market in 2020 was US $ 22.39 Bn.
1. Global Titanium Market Size: Research Methodology 2. Global Titanium Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Titanium Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Titanium Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Titanium Market Size Segmentation 4.1. Global Titanium Market Size, By Microstructure (2020-2027) • Alpha and Near-alpha Alloy • Alpha-beta Alloy • Beta Alloy 4.2. Global Titanium Market Size, by Application (2020-2027) • Aerospace • Automotive and Shipbuilding • Chemical • Power and Desalination • Others 5. North America Titanium Market(2020-2027) 5.1. Global Titanium Market Size, By Microstructure (2020-2027) • Alpha and Near-alpha Alloy • Alpha-beta Alloy • Beta Alloy 5.2. Global Titanium Market Size, by Application (2020-2027) • Aerospace • Automotive and Shipbuilding • Chemical • Power and Desalination • Others 5.3. North America Titanium Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Titanium Market (2020-2027) 6.1. European Titanium Market, By Microstructure (2020-2027) 6.2. European Titanium Market, by Application (2020-2027) 6.3. European Titanium Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Titanium Market (2020-2027) 7.1. Asia Pacific Titanium Market, By Microstructure (2020-2027) 7.2. Asia Pacific Titanium Market, by Application (2020-2027) 7.3. Asia Pacific Titanium Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Titanium Market (2020-2027) 8.1. The Middle East and Africa Titanium Market, By Microstructure (2020-2027) 8.2. The Middle East and Africa Titanium Market, by Application (2020-2027) 8.3. The Middle East and Africa Titanium Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Titanium Market (2020-2027) 9.1. Latin America Titanium Market, By Microstructure (2020-2027) 9.2. Latin America Titanium Market, by Application (2020-2027) 9.3. Latin America Titanium Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. NIPPON STEEL CORPORATION 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Allegheny Technologies Inc. 10.3. CRS Holdings Inc. 10.4. Baoji Titanium Industry Co. Ltd. 10.5. Allegheny Technologies Incorporated 10.6. AMG Advanced Metallurgical Group NV 10.7. Kronos Worldwide Inc 10.8. Lomon Billions Group 10.9. Venator Materials, Plc. 10.10. Tronox Holdings, Plc 10.11. Chemours Company 10.12. Titanium Metal Corporation 10.13. ATI Metals 10.14. VSMPO-AVISMA