Market Overview:
The global titanium turnings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for titanium in the aerospace, biomedical and chemical industries. In terms of type, the titanium scrap segment is expected to dominate the global titanium turnings market during the forecast period. This can be attributed to its low cost as compared to other forms of titanium scrap such as sponge or residues.
Product Definition:
Titanium turnings are small pieces of titanium that have been turned on a lathe. They are usually used in manufacturing or prototyping because they are easy to work with and can be machined into just about any shape. Titanium turnings are also strong and durable, making them ideal for use in a variety of applications.
Titanium Sworf:
Titanium sworf is a titanium-based powder, which is used as an additive in turnings to improve their hardness and reduce wear. It has the ability to form stable particles with low flocculants and high dispersibility. Sworfs are added during the processing of titanium turnings by means of suspension in solvents or by direct addition into liquid titanium alloys.
RUTILE Scraps:
RUTILE Scraps is a by-product obtained during the titanium extraction process. It contains around 70% of titanium along with other minerals such as iron, magnesium, calcium and silicon. The mineralogist call it a Titanium Oxide Diopside Garnet (TOD). RUTILE SCRAPS are majorly used in the manufacturing of titanium turning materials due to its high content of pure metal and low cost compared to other raw materials such as powders or sands.
Application Insights:
Aerospace was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Titanium is used for manufacturing aircraft components including fasteners, nuts, screws, rivets and bushings. The demand for titanium from the aerospace industry is expected to increase significantly owing to its high strength-to-weight ratio which makes it suitable for use in critical applications such as engine mounts and landing gear systems.
The chemical industry accounted for 10% of global titanium turnings market by revenue in 2017 due to rising utilization of titanium compounds as an alternative replacement metal catalyst on account of their superior properties including low toxicity and inertness. Titanium also finds application as a filler material in chemicals where high strength-to-weight ratio is required at lower costs compared with other materials such as steel or aluminum alloys.
Regional Analysis:
Asia Pacific dominated the global titanium turnings market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from countries such as Japan, India, China and South Korea. Asia Pacific is also one of the largest producers of titanium metal owing to low labor costs and easy availability of raw materials in this region.
The aerospace industry has witnessed significant growth since past few years on account increasing investments by Boeing, Airbus among other aircraft manufacturers in Europe and North America regions. This trend is projected to continue over next eight years with growing demand for new aircraft from these regions along with developing economies such as India, China among others are expected to propel regional market growth over next eight years with a CAGR exceeding 6%.
Growth Factors:
- Increasing demand from end-use industries such as aerospace, automotive and medical sectors
- Growing popularity of titanium alloys in various applications
- Rising investment by key players in R&D to develop new products and processes
- Technological advancements that have led to the development of better quality titanium turnings products
- Growing demand for lightweight and high-strength materials in the global market
Scope Of The Report
Report Attributes
Report Details
Report Title
Titanium Turnings Market Research Report
By Type
Titanium Sworf, RUTILE Scraps, Titanium Sponge / Residues, Other Titanium Scrap
By Application
Aerospace, Biomedical, Chemical Industry
By Companies
Monico Alloys, Metraco NV, Global Titanium Inc., Goldman Titanium, Gold Metal Recyclers, Minnesota Scrap Metal Recycling, American Pulverizer, TSI Incorporated, Commercial Metals Company, EcoTitanium
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Titanium Turnings Market Report Segments:
The global Titanium Turnings market is segmented on the basis of:
Types
Titanium Sworf, RUTILE Scraps, Titanium Sponge / Residues, Other Titanium Scrap
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
Aerospace, Biomedical, Chemical Industry
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:
- Monico Alloys
- Metraco NV
- Global Titanium Inc.
- Goldman Titanium
- Gold Metal Recyclers
- Minnesota Scrap Metal Recycling
- American Pulverizer
- TSI Incorporated
- Commercial Metals Company
- EcoTitanium
Highlights of The Titanium Turnings 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:
- Titanium Sworf
- RUTILE Scraps
- Titanium Sponge / Residues
- Other Titanium Scrap
- By Application:
- Aerospace
- Biomedical
- Chemical Industry
- 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 Turnings 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 turning is a process of machining titanium parts from a solid block of metal. Titanium is one of the most durable metals on Earth, making it an ideal material for high-quality components in products like aircraft and medical devices.
Some of the major players in the titanium turnings market are Monico Alloys, Metraco NV, Global Titanium Inc., Goldman Titanium, Gold Metal Recyclers, Minnesota Scrap Metal Recycling, American Pulverizer, TSI Incorporated, Commercial Metals Company, EcoTitanium.
The titanium turnings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Titanium Turnings 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 Turnings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Titanium Turnings 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 Turnings 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 Turnings Market Size & Forecast, 2020-2028
4.5.1 Titanium Turnings Market Size and Y-o-Y Growth
4.5.2 Titanium Turnings 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 Titanium Sworf
5.2.2 RUTILE Scraps
5.2.3 Titanium Sponge / Residues
5.2.4 Other Titanium Scrap
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 Aerospace
6.2.2 Biomedical
6.2.3 Chemical Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Titanium Turnings 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 Turnings 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 Titanium Sworf
9.6.2 RUTILE Scraps
9.6.3 Titanium Sponge / Residues
9.6.4 Other Titanium Scrap
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 Aerospace
9.10.2 Biomedical
9.10.3 Chemical Industry
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 Titanium Sworf
10.6.2 RUTILE Scraps
10.6.3 Titanium Sponge / Residues
10.6.4 Other Titanium Scrap
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 Aerospace
10.10.2 Biomedical
10.10.3 Chemical Industry
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 Titanium Sworf
11.6.2 RUTILE Scraps
11.6.3 Titanium Sponge / Residues
11.6.4 Other Titanium Scrap
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 Aerospace
11.10.2 Biomedical
11.10.3 Chemical Industry
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 Titanium Sworf
12.6.2 RUTILE Scraps
12.6.3 Titanium Sponge / Residues
12.6.4 Other Titanium Scrap
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 Aerospace
12.10.2 Biomedical
12.10.3 Chemical Industry
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 Titanium Sworf
13.6.2 RUTILE Scraps
13.6.3 Titanium Sponge / Residues
13.6.4 Other Titanium Scrap
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 Aerospace
13.10.2 Biomedical
13.10.3 Chemical Industry
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 Turnings Market: Competitive Dashboard
14.2 Global Titanium Turnings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Monico Alloys
14.3.2 Metraco NV
14.3.3 Global Titanium Inc.
14.3.4 Goldman Titanium
14.3.5 Gold Metal Recyclers
14.3.6 Minnesota Scrap Metal Recycling
14.3.7 American Pulverizer
14.3.8 TSI Incorporated
14.3.9 Commercial Metals Company
14.3.10 EcoTitanium
