Market Overview:
The global titanium market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for titanium from various end-use industries, such as electronic, chemical, jewelry, machinery and equipment, and other applications. In terms of type, pure titanium held a major share of the global titanium market in 2017 and is expected to continue its dominance during the forecast period. However, beta type titanium is projected to grow at a higher CAGR than pure titanium during the forecast period owing to its growing demand from end-use industries such as aerospace & defense and medical implants.
Product Definition:
A metallic element, atomic number 22, symbol Ti. Titanium is a strong and light metal with a silvery sheen. It is used in aircraft and spacecraft parts, surgical implants, watches, and other jewelry.
Pure Titanium:
Pure titanium is a very strong and lightweight metal. It has the highest melting point of any metal, which is why it's used in many applications where high strength and lightness are required. Pure titanium has a white color; when it's exposed to air, it turns into a grey powder. It burns easily; if you try to burn pure titanium, the result will be an explosion with no smoke or fire visible (it doesn't even have an odor).
Beta Type Titanium:
Beta type titanium is a commercially available titanium in which the chemical and physical properties have been improved by controlled heating. It has an additional property of high strength at low weight, which makes it suitable for various industries including medical, aerospace & defense and automotive. The global beta type titanium market size was valued at USD 856 million in 2016 and is expected to grow significantly over the forecast period owing to its increasing demand from these end-use industries.
Application Insights:
The other application segment includes automotive, construction, aerospace and defense. The demand for titanium in this application is expected to witness a CAGR of XX% from 2018 to 2030 owing to its light weight and high strength-to-weight ratio which makes it suitable for use in airframes, engine components as well as landing gear systems. Titanium is an essential element used in the manufacturing of jewelry due to its properties such as durability and corrosion resistance which enhance the aesthetic appearance of jewelry items.
Electronic was the largest market for titanium dioxide accounting for 33% share of the total revenue in 2017 on account of its wide usage as an electronic material throughout various end-use industries including telecommunication equipment, semiconductors & electronics industry devices etcetera. Beta type titanium has excellent electrical conductivity properties which make it suitable for use in telecommunication equipment thus boosting product demand globally over the forecast period.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global titanium production owing to low labor cost and high industrial land availability in countries such as India, China, Indonesia, etc. Moreover, increasing demand from end-use industries such as electronics and automotive is projected to drive the regional product demand over the coming years.
The U.S., Canada, Mexico are among some of the largest consumers of titanium products across North America on account of rising investments in various end-use sectors including aerospace/aviation equipment and components; medical devices; energy storage batteries used for hybrid vehicles among others.
Growth Factors:
- Increasing demand from the aerospace and defense sectors as titanium is used in the manufacture of aircraft engines, airframes, and other critical components
- Growing popularity of titanium alloys in medical implants and prostheses due to their superior mechanical properties
- Rising demand for lightweight vehicles due to stringent fuel economy norms across the globe
- Rapid expansion of the construction sector in emerging economies as they undergo urbanization process
- Proliferation of new applications for titanium across a wide range of industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Titanium Market Research Report
By Type
Pure Titanium, Beta Type Titanium
By Application
Electronic, Chemical, Jewelry, Machinery And Equipment, Other
By Companies
TIMET, RTI, ATI, VSMPO-AVISMA, Baoji Titanium Industry, Western Metal Materials, Baosteel Special Material, Pangang Group Jiangyou Changcheng Special Steel, Yunnan Titanium Industry, TIMET
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Titanium Market Report Segments:
The global Titanium market is segmented on the basis of:
Types
Pure Titanium, Beta Type Titanium
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
Electronic, Chemical, Jewelry, Machinery And Equipment, Other
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:
- TIMET
- RTI
- ATI
- VSMPO-AVISMA
- Baoji Titanium Industry
- Western Metal Materials
- Baosteel Special Material
- Pangang Group Jiangyou Changcheng Special Steel
- Yunnan Titanium Industry
- TIMET
Highlights of The Titanium 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:
- Pure Titanium
- Beta Type Titanium
- By Application:
- Electronic
- Chemical
- Jewelry
- Machinery And Equipment
- Other
- 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 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 and lightweight. It is often used in aircraft, cars, and other products because of its durability.
Some of the key players operating in the titanium market are TIMET, RTI, ATI, VSMPO-AVISMA, Baoji Titanium Industry, Western Metal Materials, Baosteel Special Material, Pangang Group Jiangyou Changcheng Special Steel, Yunnan Titanium Industry, TIMET.
The titanium market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Titanium 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Titanium 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 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 Market Size & Forecast, 2020-2028
4.5.1 Titanium Market Size and Y-o-Y Growth
4.5.2 Titanium 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 Pure Titanium
5.2.2 Beta Type Titanium
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 Electronic
6.2.2 Chemical
6.2.3 Jewelry
6.2.4 Machinery And Equipment
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Titanium 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 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 Pure Titanium
9.6.2 Beta Type Titanium
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 Electronic
9.10.2 Chemical
9.10.3 Jewelry
9.10.4 Machinery And Equipment
9.10.5 Other
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 Pure Titanium
10.6.2 Beta Type Titanium
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 Electronic
10.10.2 Chemical
10.10.3 Jewelry
10.10.4 Machinery And Equipment
10.10.5 Other
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 Pure Titanium
11.6.2 Beta Type Titanium
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 Electronic
11.10.2 Chemical
11.10.3 Jewelry
11.10.4 Machinery And Equipment
11.10.5 Other
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 Pure Titanium
12.6.2 Beta Type Titanium
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 Electronic
12.10.2 Chemical
12.10.3 Jewelry
12.10.4 Machinery And Equipment
12.10.5 Other
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 Pure Titanium
13.6.2 Beta Type Titanium
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 Electronic
13.10.2 Chemical
13.10.3 Jewelry
13.10.4 Machinery And Equipment
13.10.5 Other
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 Market: Competitive Dashboard
14.2 Global Titanium Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TIMET
14.3.2 RTI
14.3.3 ATI
14.3.4 VSMPO-AVISMA
14.3.5 Baoji Titanium Industry
14.3.6 Western Metal Materials
14.3.7 Baosteel Special Material
14.3.8 Pangang Group Jiangyou Changcheng Special Steel
14.3.9 Yunnan Titanium Industry
14.3.10 TIMET
