Titanium Market by Product Type (Titanium Dioxide, Titanium Metal), Titanium Dioxide ByEnd-use Industry, Titanium Metal By End-use Industry and Region (North America, Europe, Asia-Pacific, MEA & South America) – Global Forecast to 2026

2021-09-30
Price :
Published : Sep-2021
No. of Pages : 200

“The titanium market is projected to register a CAGR of 6.3% during the forecast period.”

The global titanium market size is projected to grow from USD 24.7 billion in 2021 to USD 33.5 billion by 2026, at a CAGR of 6.3% between 2021 and 2026. Titanium dioxide is demanded in various end-use industries including paints & coatings, plastics & rubber, paper, and others, whereas titanium metal get widely used in aerospace & defense, chemical & process industry, energy & power, desalination, and others, due to its advantages properties such as high durability, temperature resistance, lightweight, and highly stiff. However, global pandemic disease COVID-19 has disrupted the operations of titanium industries which has decreased the demand for titanium in 2020.

“Titanium Metal Product Type is the fastest-growing Product Type of Titanium, in terms of value.”

The titanium metal finds wide uses in various end-use industries. Some of the major industries includes aerospace & defense, chemical & process industry, energy & power, desalination, and others. The increasing demand from these end-use industries is expected to drive the titanium metal market during the forecasted period.

 “Paints & Coatings is the fastest-growing end-use industry of titanium dioxide, in terms of value.”

Titanium dioxide is utilized in paints and coatings for better coverage, brightness, whiteness, opacity, and durability. It finds applications in architectural coatings, automotive OEM coatings, general industrial finishes, powder coatings, waterborne paints, protective coatings, wood finishes, and other coatings. The rapidly growing housing & construction sector, increasing gross domestic product (GDP), ongoing rapid urbanization, and increasing disposable income propel the paints & coatings market. In addition, technological advancements in the automotive, wood, and other industrial sectors support market growth.

 “Aerospace & Defense is the fastest-growing End-use Industry of Titanium Metal, in terms of value.”

Titanium metal is majorly used in the production of turbine engines apart from airframes and other components. In turbine engines, titanium is used to manufacture components such as inlet cases, compressor blades, disks, and hubs, as well as spacers and seals. By weight, these turbine engines constitute about 25% of titanium and its alloys. Apart from engine components, titanium is also utilized to manufacture fasteners, landing-gear supports, springs, fail-safe straps, and numerous internal bulkhead and wing-support components in the aerospace industry.

 “APAC is the fastest-growing Titanium market.”

APAC is projected to register the highest CAGR in terms of value in the global titanium market during the forecast period. The growth of the titanium industry in this region is supported by the recovery in end-use industries, and the advancement of industrial technology solutions for various industries.

Due to COVID-19, titanium producers and numerous companies have halted their production sites across various countries that has led to reduced demand for titanium dioxide and titanium metal, which affected the titanium demand in APAC countries. The recovery in the end-use industries with restoration in the supply chain would drive the titanium demand during the forecast period.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

  • By Company Type– Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
  • By Designation– C Level- 50%, Director Level- 20%, and Others- 30%
  • By Region– North America- 15%, Europe- 50%, APAC- 20%, South America-5%, MEA-10%,

The report provides a comprehensive analysis of company profiles listed below:

  • VSMPO-AVISMA (Russia)
  •  ATI Metals (US)
  •  Titanium Metal Corporation (US)
  •  Chemours Company (US)
  •  Venator Materials, Plc. (UK)
  • Tronox Holdings, Plc (US)
  •  Lomon Billions Group (China)
  •  Kronos Worldwide Inc. (US)
  •  AMG Advanced Metallurgical Group NV (Netherlands)
  •  Allegheny Technologies Incorporated (US)

Research Coverage

This report covers the global titanium market and forecasts the market size until 2026. The report includes the market segmentation –Product Type (Titanium Dioxide, Titanium Metal), Titanium Dioxide By End-use Industry (Paints & Coatings, Plastics & Rubber, Paper, and Others), Titanium Metal by End-use Industries (Aerospace & Defense, Chemical & Process Industry, Energy & Power, Desalination, and Others), and Region (Europe, North America, APAC, South America, and MEA). Porter’s Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, are discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global titanium market.

Key benefits of buying the report:

The report will help market leaders/new entrants in this market in the following ways:

  • This report segments the global titanium market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
  • The report helps stakeholders understand the pulse of the titanium market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.

Reasons to buy the report:

The report will help market leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall titanium market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Filed in: Advanced Material
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

3D Printing Plastics Market by Type (Photopolymer, ABS, PLA, Polyamide), Form (Powder, Liquid, Filament), Application, End-User Industry (Aerospace & Defense, Healthcare, Automotive, Electronics & Consumer Goods) and Region – Global Forecast to 2027

“The 3D printing plastics market is projected to register a CAGR of 21.5% during the forecast period.” The 3D printing plastics market is estimated to be USD  721 million in 2022 and is projected to reach USD  1,907 million by 2027, at a CAGR of 21.5% between 2022 and 2027. The supportive initiatives undertaken by governments of different countries to support adoption of 3D printing technologies in various industries is one of the most significant factors projected to drive the growth of the 3D printing plastics market. Increased supply of of 3D printing plastics due to forward integration of major polymer companies and mass customization are also contributing to the growth of the 3D printing plastics market. However, skepticism regarding acceptance of new technologies in emerging......
$4950

Thermal Interface Materials Market by Chemistry (Silicone, Epoxy, Polyimide), Type (Greases & adhesives, Tapes & Films, Gap Fillers), Application (Computers, Telecom, Consumer Durables, Medical Devices) and Region – Global Forecast to 2027

Growth in the thermal interface materials market can primarily be attributed to the growing involvement of amorphous polyethylene terephthalate in the computers, telecom, and medical devices, among others. Thermal interface materials (TIMs) are used to remove the heat generated by semiconductors to maintain the junction temperature of electronic & electrical components within safe operating limits. This heat removal process involves the conduction from a package surface to a heat spreader that can transfer the heat to the ambient environment more efficiently. The global thermal interface materials market size is estimated at USD 3.4 billion in 2022 and is projected to reach USD 5.6 billion by 2027, at a CAGR of 10.5%. Growth in the thermal interface materials market can primarily be at......
$4950

Metal Nanoparticles Market by Metal (Platinum, Gold, Silver, Iron, Copper, Nickel), Process (Chemical, Physical), End-use (Pharmaceutical & Healthcare, Electrical & electronics, Catalyst, Personal care & cosmetics) and Region – Global Forecast to 2026

The global metal nanoparticles market is projected to register a CAGR of 11.5% between 2021 and 2026, in terms of value. The global metal nanoparticles market size is projected to grow from USD 2.4 billion in 2021 to USD 4.2 billion by 2026, at a CAGR of 11.5% between 2021 and 2026. Rising focus of government on nanotechnology research, growing popularity of gold nanoparticles in the pharmaceutical & healthcare industry, and increasing application areas of nanoparticles, are driving the market for metal nanoparticles. However, toxicity caused due to nanoparticlesis expected to restrain this market. Growing pharmaceutical & healthcare industry isexpected to offer significant growth opportunities to manufacturers of metal nanoparticles. The major challenge faced by players is the ......
$4950

Prepreg Market by Fiber Type (Glass, Carbon, Others), By Resin Type (Thermoset, Thermoplastic), Form (Tow, Fabric), Manufacturing, Application ( Aerospace & Defense, Wind Energy, Sporting Goods, Automotive) and Region – Global Forecast 2026

“The prepreg market is projected to register a CAGR of 12.5% during the forecast period.” The global prepreg market size is estimated at USD 7.0 billion in 2021 and is projected to reach USD 12.6 billion by 2026, at a CAGR of 12.5%.Prepreg is being used in the aerospace & defense, wind energy, automotive, sporting goods, electronics, and other end-use industries. The increasing wind energy projects and demand of lightweight material from automotive industry support the demand for prepreg in the wind energy and automotive end-use industry.  “Carbon Fiber Reinforcement Type is the fastest-growing Fiber Reinforcement Type of prepregs, in terms of value.” The carbon fiber prepregs find wide applications in various end-use industries. Carbon fiber prepregs are used in auto......
$4950

Greenhouse Film Market by Resin Type (LDPE, LLDPE, EVA), Thickness (80 to 150 Microns, 150 to 200 Microns, More than 200 Microns), Width (4.5M, 5.5 M, 7M, 9M) and Region (APAC, Europe, North America, South America, MEA) – Global Forecast to 2026

“The greenhouse film market is projected to register a CAGR of 7.6% between 2021 and 2026.” The global greenhouse film market size is projected to grow from USD 5.9 billion in 2021 to USD 8.6 billion by 2026, at a CAGR of 7.6% between 2021 and 2026. APAC is estimated to be the largest consumer of greenhouse film. Global focus on increasing agricultural output, increased demand for greenhouse-cultivated crops, and growth in areas for greenhouse-protected cultivation are the key driving factors for the market. “LDPE resin segment is estimated to be the largest segment of the greenhouse film market.” LDPE resin segment is expected to lead the overall greenhouse film market in terms of value, between 2021 and 2026. The vital features of LDPE that make it suitable for use in g......
$4950

Rare Earth Metals Recycling Market by Application (Permanent Magnets, Alloys, Polishing Materials, Glass, Catalyst, Phosphor, Ceramics, Hydrogen Storage Alloys), Technology (Hydrometallurgical, Pyrometallurgical) and Region – Global Forecasts to 2026

“Increasing use of rare-earth elements that are used in the permanent magnet application is likely to drive the rare-earth metals market in the near future.” The rare-earth metals market is projected to grow from USD 5.3 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 12.33% during the forecast period. The increasing uses of rare-earth elements that are used in the permanent magnet application are likely to drive the rare-earth metals market. APAC is the fastest-growing market for rare-earth metals due to increase in production and consumption in China. Significant usage of permanent magnets offer a huge impetus to these advanced materials, are expected to drive the rare-earth metals market in the region. “In terms of value, Neodymium oxide segment is projected to lead......
$4950

Automotive Interior Materials Market by Type (Polymer, Genuine Leather, Fabric, Synthetic Leather), Vehicle Type, Application (Dashboard, Door Panel, Seats, Floor Carpets) & Region (APAC, Europe, North America, MEA, South America) – Global Forecast to 2026

“Optimizing fuel efficiency by reducing the overall weight of the vehicle” The automotive interior materials market is projected to reach USD 54.8 billion by 2026, at a CAGR of 2.6% from USD 48.1 billion in 2021. The automotive industry is currently under constant pressure to adapt to new changes due to technological advancements and end-user preferences. Vehicle interiors are key areas that have witnessed a rapid change due to various factors such as consumer demand for safety and comfort, preference for fuel efficiency, and increasing competition within the industry. Automotive interior materials are usually used in the manufacturing of seat covers, headrests, armrests, door panels, center consoles, floor mats, and dashboards. These materials are processed and supplied to OEMs for......
$4950

Recycled Carbon Fiber Market by Type (Chopped Recycled Carbon Fiber, Milled Recycled Carbon Fiber), Source (Aerospace Scrap, Automotive Scrap), End-use Industry and Region (North America, Europe, APAC, MEA and Latin America) – Global Forecast to 2026

“The recycle carbon fiber market is projected to register a CAGR of 12.0% during the forecast period.” The global recycled carbon fiber market size is projected to grow from USD 126 million in 2021 to USD 222 million by 2026, at a CAGR of 12.0% during the forecast period. These material features excellent properties such as high strength and modulus, low density, dimensional stability, and low thermal expansion. However, the negative impact of the COVID-19 pandemic across all the end-use industries has affected the recycle carbon fiber market adversely. The recycled carbon fiber market is growing due to the rise in the demand for cost-effective and high-performance materials, and stringent government regulations globally. “Chopped type is the fastest-growing segment in the recy......
$4950

Antimicrobial Plastics Market by Additive (Inorganic, Organic), Type (Commodity Plastics, Engineering Plastics, High-Performance Plastics), Application and Region (APAC, North America, Europe, MEA, South America) – Global Forecast to 2026

“Outbreak of pandemic and growing awareness pertaining to antimicrobial plastics” The antimicrobial plastics market is projected to reach USD 66.7 billion by 2026, at a CAGR of 10.8% from USD 40.0 billion in 2021. Increasing demand from applications such as medical and healthcare, packaging, and consumer goods; and consumer awareness pertaining to the importance of antimicrobial plastics are the major factors attributed to the market's growth. However, volatility in raw material prices and government regulations on the usage of plastics in certain applications are hampering market growth. Additionally, the growth of the textile industry is expected to offer lucrative opportunities for the market players. “The inorganic additive is the largest additive of antimicrobial plastics ......
$4950

Gas Separation Membranes Market by Material Type (Polyimide & Polyaramide, PS, CA), Application (N2 Generation & O2 Enrichment, HR, CO2 removal, Vapor/Gas Separation, Vapor/Vapor Separation, AD), Module (SW, HF) and Region – Global Forecast to 2026

“The global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD  0.9 billion in 2021, at a CAGR of 6.7% during the forecast period.” The global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 6.7% during the forecast period. The overall increase in demand for gas separation membranes in emerging economies such as APAC is driving the global gas separation membranes market. Various regulations regarding carbon capture and storage are driving the growth of the gas separation membranes market. The development of mixed matrix membranes is an opportunity for the gas separation membranes market growth. Commercialization of new and advanced membrane systems are also project......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy