Global Titanium Market Outlook to 2027
Titanium is a lightweight, silver-gray metal. Having the highest strength-density ratio, titanium, in its pure form, could be as strong as steel but only about half as dense. It’s high corrosion resistance, high melting point, high biocompatibility (highest among metals), high flexibility, combined with the above-mentioned benefits, make it a revolutionary discovery. The extraction from ore is the costliest process among its manufacturing processes, thereby affecting its pricing and demand.
According to BlueQuark Research & Consulting, the global titanium metal market is expected to witness a considerable growth rate during the forecast period. The major factors responsible for the global titanium metal market's growth would be increasing demand from the automotive and aviation industries and technological innovations in the medical field. However, ore availability and the costly extraction process act as restraints for the global titanium metal market.
North America and Asia-Pacific regions are expected to be the largest markets for global titanium metal, owing to the availability of cheaper raw materials in the form of ores and higher population-driven materialistic demands. The presence of a high number of manufacturing units in these regions is also likely to cause its effect.
The global titanium metal market is highly fragmented. Major players in the market were found to be TIMET, VSMPO-AVISMA Corporation, BaoTi, Toho Titanium, and ATI, among others.
Lockheed Martin’s Blackbird SR-71, a spy plane built in the 1960s, could travel at about three times the speed of sound and phenomenal altitudes for a non-rocket powered aircraft. It is the fastest plane ever flown. It reached a record-breaking speed of 2193.2 mph and reached altitudes of about 85000 feet. It was recently revealed that almost the entire plane was built of titanium to give it a lightweight, enduring, high friction at such speeds and extreme weather conditions at such altitudes.
On 16 October 2020, Titleist, a golf equipment manufacturer, announced a new ATI 425 Aerospace Titanium face construction, never used before in golf history. The result is the longest, straightest, best-looking, and best-sounding golf drivers ever made by the company - product to be available from November 2020 in the market.
GlobalTitanium Metal Market report provides deep insights into the current and future state of the titanium metal market across various regions. The study comprehensively analyzes the titanium metal market by segmenting based on type (Pure Titanium, and Titanium Based Alloys), application (Aerospace, Automotive, Marine, Industrial, Medical, and Others), and geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on market growth, in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
According to BlueQuark Research & Consulting, the global titanium metal market is expected to witness a considerable growth rate during the forecast period. The major factors responsible for the global titanium metal market's growth would be increasing demand from the automotive and aviation industries and technological innovations in the medical field. However, ore availability and the costly extraction process act as restraints for the global titanium metal market.
North America and Asia-Pacific regions are expected to be the largest markets for global titanium metal, owing to the availability of cheaper raw materials in the form of ores and higher population-driven materialistic demands. The presence of a high number of manufacturing units in these regions is also likely to cause its effect.
The global titanium metal market is highly fragmented. Major players in the market were found to be TIMET, VSMPO-AVISMA Corporation, BaoTi, Toho Titanium, and ATI, among others.
Lockheed Martin’s Blackbird SR-71, a spy plane built in the 1960s, could travel at about three times the speed of sound and phenomenal altitudes for a non-rocket powered aircraft. It is the fastest plane ever flown. It reached a record-breaking speed of 2193.2 mph and reached altitudes of about 85000 feet. It was recently revealed that almost the entire plane was built of titanium to give it a lightweight, enduring, high friction at such speeds and extreme weather conditions at such altitudes.
On 16 October 2020, Titleist, a golf equipment manufacturer, announced a new ATI 425 Aerospace Titanium face construction, never used before in golf history. The result is the longest, straightest, best-looking, and best-sounding golf drivers ever made by the company - product to be available from November 2020 in the market.
GlobalTitanium Metal Market report provides deep insights into the current and future state of the titanium metal market across various regions. The study comprehensively analyzes the titanium metal market by segmenting based on type (Pure Titanium, and Titanium Based Alloys), application (Aerospace, Automotive, Marine, Industrial, Medical, and Others), and geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on market growth, in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.7 Regulatory Policies
3.8 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1
Pure
Titanium
5.1.1.1 Titanium CP4 ?€“ Grade 1
5.1.1.2 Titanium CP3 ?€“ Grade 2
5.1.1.3 Titanium CP2 ?€“ Grade 3
5.1.1.4 Titanium CP1 ?€“ Grade 4
5.1.1.5 Others
5.1.2 Titanium
Based Alloys
5.1.2.1 Titanium Alpha Alloys
5.1.2.2 Titanium Beta Alloys
5.1.2.3 Titanium Alpha-Beta Alloys
5.1.2.4 Grade 5 ?€“ Titanium 6Al-4V
5.1.2.5 Grade 6 ?€“ Titanium 5Al-2.5Sn
5.1.2.6 Others
5.2 By Application
5.2.1 Aerospace
5.2.2 Automotive
5.2.3 Marine
5.2.4 Industrial
5.2.5 Medical
5.2.6 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States of
America
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 France
6.2.4 Italy
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of Middle East & Africa
7. Key Company Profiles
7.1
TIMET
7.2
ATI
7.3
VSMPO-AVISMA
7.4
Western Superconducting
7.5
BAOTi
7.6
UKTMP
7.7
Western Metal Materials
7.8
Carpenter
7.9
RTI International Metals
7.10
OSAKA Titanium
7.11
Toho Titanium
7.12
Alcoa
7.13
Fengxiang Titanium Material and Powder
7.14
Zunyi Titanium
7.15
Advanced Metallurgical
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.7 Regulatory Policies
3.8 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1
Pure
Titanium
5.1.1.1 Titanium CP4 ?€“ Grade 1
5.1.1.2 Titanium CP3 ?€“ Grade 2
5.1.1.3 Titanium CP2 ?€“ Grade 3
5.1.1.4 Titanium CP1 ?€“ Grade 4
5.1.1.5 Others
5.1.2 Titanium
Based Alloys
5.1.2.1 Titanium Alpha Alloys
5.1.2.2 Titanium Beta Alloys
5.1.2.3 Titanium Alpha-Beta Alloys
5.1.2.4 Grade 5 ?€“ Titanium 6Al-4V
5.1.2.5 Grade 6 ?€“ Titanium 5Al-2.5Sn
5.1.2.6 Others
5.2 By Application
5.2.1 Aerospace
5.2.2 Automotive
5.2.3 Marine
5.2.4 Industrial
5.2.5 Medical
5.2.6 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States of
America
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 France
6.2.4 Italy
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of Middle East & Africa
7. Key Company Profiles
7.1
TIMET
7.2
ATI
7.3
VSMPO-AVISMA
7.4
Western Superconducting
7.5
BAOTi
7.6
UKTMP
7.7
Western Metal Materials
7.8
Carpenter
7.9
RTI International Metals
7.10
OSAKA Titanium
7.11
Toho Titanium
7.12
Alcoa
7.13
Fengxiang Titanium Material and Powder
7.14
Zunyi Titanium
7.15
Advanced Metallurgical
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Titanium Metal Market, in USD Million, 2016-2025
Pure Titanium - Titanium Metal Market, in USD Million, 2016-2025
Titanium Based Alloys - Titanium Metal Market, in USD Million, 2016-2025
Aerospace - Titanium Metal Market, in USD Million, 2016-2025
Automotive - Titanium Metal Market, in USD Million, 2016-2025
Marine - Titanium Metal Market, in USD Million, 2016-2025
Medical Sector - Titanium Metal Market, in USD Million, 2016-2025
Desalination Sector - Titanium Metal Market, in USD Million, 2016-2025
Other End-User Industries - Titanium Metal Market, in USD Million, 2016-2025
North America - Titanium Metal Market, in USD Million, 2016-2025
Europe - Titanium Metal Market, in USD Million, 2016-2025
Asia-Pacific - Titanium Metal Market, in USD Million, 2016-2025
South America - Titanium Metal Market, in USD Million, 2016-2025
Middle East & Africa - Titanium Metal Market, in USD Million, 2016-2025
Titanium Metal - Market Share of Key Companies in 2019
Other Supporting Charts
Automotive Industry Growth Data, 2013-2019
Aviation Industry Growth Data, 2013-2019
Global Titanium Metal Market, in USD Million, 2016-2025
Pure Titanium - Titanium Metal Market, in USD Million, 2016-2025
Titanium Based Alloys - Titanium Metal Market, in USD Million, 2016-2025
Aerospace - Titanium Metal Market, in USD Million, 2016-2025
Automotive - Titanium Metal Market, in USD Million, 2016-2025
Marine - Titanium Metal Market, in USD Million, 2016-2025
Medical Sector - Titanium Metal Market, in USD Million, 2016-2025
Desalination Sector - Titanium Metal Market, in USD Million, 2016-2025
Other End-User Industries - Titanium Metal Market, in USD Million, 2016-2025
North America - Titanium Metal Market, in USD Million, 2016-2025
Europe - Titanium Metal Market, in USD Million, 2016-2025
Asia-Pacific - Titanium Metal Market, in USD Million, 2016-2025
South America - Titanium Metal Market, in USD Million, 2016-2025
Middle East & Africa - Titanium Metal Market, in USD Million, 2016-2025
Titanium Metal - Market Share of Key Companies in 2019
Other Supporting Charts
Automotive Industry Growth Data, 2013-2019
Aviation Industry Growth Data, 2013-2019
