Market Overview:
The global titanium ingots market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for titanium ingots from various end-use industries, such as commercial, manufacture, and others. In terms of type, 2N titanium ingots are expected to dominate the market during the forecast period owing to their high demand in end-use industries. However, 3N and 4N titanium ingots are also expected to witness significant growth during the forecast period due to their superior properties over 2N titanium ingots.
Product Definition:
A titanium ingot is a chunk of unalloyed titanium that has been heated and then hammered into a desired shape. Titanium ingots are important because they are the starting point for all titanium alloy products.
2N:
2N is the second nitrogen-based compound of common natural gas. It has a pungent odor and color similar to that of ammonia. It can be produced by various methods, including the thermal decomposition process known as liquefaction, which involves fractional distillation of liquid hydrogen and oxygen; the chlorination process; and nitration method using calcium hydride or sodium hydride.
3N:
3N is the third nuclear phase and it's a physical property of titanium metal which has hexagonal close packed structure. It has three different properties, namely; high corrosion resistance, high strength and ductility and good hardness. These characteristics make it suitable to be used in various end-use industries such as aerospace & defense, automotive industry and medical equipment manufacturing among others.
Application Insights:
The manufacture application segment accounted for the largest volume share of over 70.0% in 2017. Titanium is widely used in manufacturing automobiles, aircraft and other transportation equipment due to its lightweight properties and high strength-to-weight ratio. The commercial application segment is expected to witness the fastest growth rate over the forecast period owing to increasing demand from construction industry for use in windows, doors, frames and panels as well as anode rod cladding.
Regional Analysis:
Asia Pacific dominated the global titanium ingots market in 2017 and is expected to continue its dominance over the forecast period. The presence of major titanium resources in countries such as India, Australia, and China coupled with growing demand from various end-use industries is anticipated to drive growth. In addition, increasing automotive production mainly in China and Japan are further expected to propel product demand over the next eight years.
The European market for titanium products was valued at USD X million in 2017 owing to high consumption primarily from aerospace & defense industry which accounted for a share of 22% among all applications identified by Airbus SPCO. High investments made by governments towards R&D activities along with technological innovations are projected to fuel product demand over the coming years.
Growth Factors:
- Increasing demand from end-use industries such as aerospace, automotive and construction sectors
- Growing popularity of titanium alloys in various applications
- Rising investment in research and development activities for the production of advanced titanium alloys
- Increasing number of collaborations between titanium ingot manufacturers and research institutes
- Growing demand for lightweight materials in the automotive sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Titanium Ingots Market Research Report
By Type
2N, 3N, 4N, 5N
By Application
Commerical, Manufacture, Others
By Companies
Tungsten, American Elements, Baoji Heqiang Titanium Industry, Stanford Materials, Toho-titanium, ZHEJIANG NEWMETAL METAL, ENERGY TITANIUM, Bruker Elemental, Tungsten
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Titanium Ingots Market Report Segments:
The global Titanium Ingots market is segmented on the basis of:
Types
2N, 3N, 4N, 5N
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commerical, Manufacture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tungsten
- American Elements
- Baoji Heqiang Titanium Industry
- Stanford Materials
- Toho-titanium
- ZHEJIANG NEWMETAL METAL
- ENERGY TITANIUM
- Bruker Elemental
- Tungsten
Highlights of The Titanium Ingots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2N
- 3N
- 4N
- 5N
- By Application:
- Commerical
- Manufacture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Titanium Ingots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Titanium is a metal that is strong yet lightweight. It is often used in aircraft and other high-strength applications because of its ability to resist corrosion. Titanium ingots are the most common form of titanium, and they are made from the metal's raw material, titanium dioxide.
Some of the major companies in the titanium ingots market are Tungsten, American Elements, Baoji Heqiang Titanium Industry, Stanford Materials, Toho-titanium, ZHEJIANG NEWMETAL METAL, ENERGY TITANIUM, Bruker Elemental, Tungsten.
The titanium ingots market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Titanium Ingots Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Titanium Ingots Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Titanium Ingots Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Titanium Ingots Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Titanium Ingots Market Size & Forecast, 2020-2028
4.5.1 Titanium Ingots Market Size and Y-o-Y Growth
4.5.2 Titanium Ingots Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 2N
5.2.2 3N
5.2.3 4N
5.2.4 5N
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commerical
6.2.2 Manufacture
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Titanium Ingots Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Titanium Ingots Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 2N
9.6.2 3N
9.6.3 4N
9.6.4 5N
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commerical
9.10.2 Manufacture
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 2N
10.6.2 3N
10.6.3 4N
10.6.4 5N
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commerical
10.10.2 Manufacture
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 2N
11.6.2 3N
11.6.3 4N
11.6.4 5N
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commerical
11.10.2 Manufacture
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 2N
12.6.2 3N
12.6.3 4N
12.6.4 5N
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commerical
12.10.2 Manufacture
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 2N
13.6.2 3N
13.6.3 4N
13.6.4 5N
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commerical
13.10.2 Manufacture
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Titanium Ingots Market: Competitive Dashboard
14.2 Global Titanium Ingots Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tungsten
14.3.2 American Elements
14.3.3 Baoji Heqiang Titanium Industry
14.3.4 Stanford Materials
14.3.5 Toho-titanium
14.3.6 ZHEJIANG NEWMETAL METAL
14.3.7 ENERGY TITANIUM
14.3.8 Bruker Elemental
14.3.9 Tungsten
