Global Titanium Market Segments 2024, Forecast To 2033
5 Mar, 2024
The titanium market has shown strong growth, increasing from $26.07 billion in 2023 to $27.62 billion in 2024, with a 5.9% CAGR. Drivers include aerospace advancements and medical implants. The market is expected to see strong growth, reaching $34.41 billion in 2028, with a 5.6% CAGR. Major trends involve industrial and chemical processing and additive manufacturing growth.
Global Titanium Market Key Driver
The titanium market is on the rise with the growing automotive industry. In 2022, new light-vehicle sales reached 13.7 million units, according to the National Automobile Dealers Association (NADA). The superior properties of titanium make it a preferred material for engine parts, contributing to the growth of the titanium market.
Get A Free Sample Of The Global Titanium Market ReportGlobal Titanium Market Segments
The titanium market covered in this report is segmented –
1) By Type: Industrial Grade, Medical Grade
2) By Product Type: Titanium Concentrate, Titanium Tetrachloride, Titanium Sponge, Ferrotitanium, Titanium Pigment, Other Products
3) By Application: Paints And Coatings, Aerospace And Defense, Chemicals, Electric Power, Other Applications
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the titanium market in 2023. The regions covered in the titanium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Titanium Industry Players
Allegheny Technologies Incorporated; National Titanium Dioxide Company Ltd.; CRS Holdings Inc.; Nippon Steel Corporation; Osaka Titanium Technologies Co. Ltd.; Precision Castparts Corp.; Toho Titanium Co. Ltd.; VSMPO-AVISMA Corporation; Huntsman Corporation; Global Titanium Inc.; Kenmare Resources plc; ADMA Products Inc.; AMETEK Inc.; INEOS Group Limited; Iluka Resources Ltd.; Sumitomo Corporation; Norsk Titanium AS; VV Titanium Pigments Private Limited; Daido Steel Co. Ltd.; Kobe Steel Ltd.; Des Raj Bansal Group; AMG Advanced Metallurgical Group N.V.; Otto Fuchs Company; Mishra Dhatu Nigam Limited; Howmet Aerospace Inc.; Perryman Company; Admat Inc.; A. M. Castle & Co.; Eramet SA; Brismet LLC
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AIOps Titanium Market Overview
Titanium is a lustrous, silver-gray metal that is highly resistant to corrosion, with low density, and strong and lightweight. Titanium is used in a variety of industries including power generation, utilities, automotive, and healthcare, due to its excellent strength-to-weight ratio and resistance to extreme temperatures and chemicals.
Titanium Global Market Report 2023 provides data on the global titanium market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The titanium market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.