PUBLISHER: TechNavio | PRODUCT CODE: 1559424
PUBLISHER: TechNavio | PRODUCT CODE: 1559424
The titanium market is forecasted to grow by USD 8787.4 mn during 2023-2028, accelerating at a CAGR of 5.89% during the forecast period. The report on the titanium market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of titanium to lower vehicle weight, increasing use of titanium as absorbent of pollutants, and rising use of titanium in ceramic industry.
Technavio's titanium market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.55% |
CAGR | 5.89% |
Incremental Value | $8787.4 mn |
By Product Type
By Application
By Geographical Landscape
This study identifies the emerging applications of titanium alloys as one of the prime reasons driving the titanium market growth during the next few years. Also, emergence of high-precision components in aerospace and automotive industry and launch of technologically advanced products will lead to sizable demand in the market.
The report on the titanium market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading titanium market vendors that include Allegheny Technologies Inc., Bansal Brothers, Berkshire Hathaway Inc., Hangzhou King Titanium Co. Ltd., Huntsman Corp., Iluka Resources Ltd., INEOS AG, JX Nippon Mining and Metals Philippines Inc., Kenmare Resources plc, Kobe Steel Ltd., Mukesh Steel, Rostec, Scatec ASA, Sumitomo Corp., Tayca Corp., The Chemours Co., Titanium Industries Inc., Tronox Holdings Plc, and VVTi Pigments. Also, the titanium market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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