Global Titanium Metal Market Research Report Information By Type By End-Use Industry and By Region

Description

List of Tables

Global Titanium Metal Market Research Report Information By Type (Industrial Grade, Medical Grade Others) By End-Use Industry (Aerospace, Industrial, Energy, Medical, Others) and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)- Forecast to 2032

Market Overview

The Titanium Metal industry is expected to reach USD 47,839 million by 2032, with a compound annual growth rate (CAGR) of 6.89% for the forecast period (2024-2032). During the projection period, the growing emphasis on sustainability in many industries has driven up demand for lightweight and environmentally friendly materials. Titanium, with its extraordinary mix of strength, light weight, and recyclability, has emerged as a viable option in this context. Titanium is a critical resource in the aircraft industry, with its metal being particularly important, followed by aluminium metal. Titanium metal plays an important role in the aerospace raw material market due to its exceptional properties.

The worldwide automotive industry is seeing an increase in the use of titanium metal due to the growing popularity of SUVs and lightweight automobiles. Simultaneously, favorable government restrictions on electric car production move the automotive sector forward, creating several growth prospects for titanium metal manufacturers around the world. Steps have being attempted to make putting titanium into automobiles more affordable. Titanium metal has two notable applications in the automotive industry: commercially pure titanium exhaust systems and cold-wrapped springs made of cost-effective beta metal. Titanium is employed in a wide range of automotive applications, including exhaust systems, turbochargers, and pistons.

Market Segment insights

The Titanium Metal Market is split by type, which includes industrial grade, medical grade, and others.

The Titanium Metal Market has been categorized by end-use industry into aerospace, industrial (desalination plant, chemical, oil & gas, and others), energy, medical, and other.

Regional insights

North America emerged as the Titanium Metal market's leading and fastest-growing segment, with a CAGR of 6.55%. The segment's value is expected to reach USD 17,222.17 million by the end of the projection period. The demand for titanium metals in North America is increasing significantly due to many important causes. One key factor is the rapid growth of the aerospace and defense industries. Titanium's exceptional strength-to-weight ratio, corrosion resistance, and ability to tolerate extreme temperatures make it an essential material for producing vital components including airframes, engine parts, and fasteners in both commercial and military aircraft. With North America's leadership in aerospace innovation and production, demand for titanium is inherently high.

Furthermore, the medical industry has a substantial impact on the expanding demand for titanium in North America. Titanium's biocompatibility and nontoxic qualities make it perfect for medical applications such as implants, prostheses, and surgical tools. As the population ages and the healthcare industry advances, the demand for long-lasting and dependable medical devices develops, driving up titanium consumption.

Major Players

The prominent firms include VSMPO-AVISMA Corporation, NIPPON STEEL CORPORATION, Allegheny Technologies Inc. (ATI), TIMET (Precision Castparts Corp.), Daido Steel Co., Ltd., TOHO TITANIUM CO., LTD, Perryman Company, and many others.

Product Code: MRFR/CnM/6013-CR

1 EXECUTIVE SUMMARY

1.1 KEY HIGHLIGHTS

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 GROWING USE IN AIRCRAFT INDUSTRY IS DRIVING THE MARKET GROWTH
- 4.2.2 AUTOMOTIVE INDUSTRY ACCELERATES GROWTH IN TITANIUM MARKET
4.3 RESTRAINTS
- 4.3.1 HIGH COST OF PRODUCTION AND LIMITED AVAILABILITY OF RAW MATERIALS
4.4 OPPORTUNITY
- 4.4.1 TECHNOLOGICAL ADVANCEMENTS IN TITANIUM
4.5 IMPACT ANALYSIS OF COVID-19 ON GLOBAL TITANIUM METAL MARKET
- 4.5.1 NEGATIVE IMPACTS
  - 4.5.1.1 DISRUPTED PRODUCTION AND MANUFACTURING:
  - 4.5.1.2 WEAKENED DEMAND:
  - 4.5.1.3 SUPPLY CHAIN ISSUES:
  - 4.5.1.4 PRICE VOLATILITY:
  - 4.5.1.5 GLOBAL TRADE RESTRICTIONS:
- 4.5.2 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FROM END USERS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/ VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL PROCUREMENT
- 5.1.2 MANUFACTURERS
- 5.1.3 DISTRIBUTION CHANNELS
- 5.1.4 END-USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 BARGAINING POWER OF SUPPLIERS
- 5.2.2 BARGAINING POWER OF BUYERS
- 5.2.3 THREAT OF NEW ENTRANTS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT OF RUSSIA-UKRAINE WAR
5.4 PRICE ANALYSIS

6 TITANIUM METAL MARKET, BY PRODUCT TYPE

6.1 INTRODUCTION
- 6.1.1 INDUSTRIAL GRADE
- 6.1.2 MEDICAL GRADE
- 6.1.3 OTHER GRADE

7 GLOBAL TITANIUM METAL MARKET, BY APPLICATION

7.1 INTRODUCTION
- 7.1.1 AEROSPACE
- 7.1.2 INDUSTRIAL
- 7.1.3 ENERGY
- 7.1.4 MEDICAL
- 7.1.5 OTHERS

8 GLOBAL TITANIUM METAL MARKET, BY REGION

8.1 OVERVIEW
8.2 NORTH AMERICA
- 8.2.1 US
- 8.2.2 CANADA
8.3 EUROPE
- 8.3.1 GERMANY
- 8.3.2 UK
- 8.3.3 FRANCE
- 8.3.4 RUSSIA
- 8.3.5 SPAIN
- 8.3.6 ITALY
- 8.3.7 REST OF EUROPE
8.4 ASIA PACIFIC
- 8.4.1 CHINA
- 8.4.2 JAPAN
- 8.4.3 INDIA
- 8.4.4 SOUTH KOREA
- 8.4.5 AUSTRALIA & NEW ZEALAND
- 8.4.6 REST OF ASIA PACIFIC
8.5 LATIN AMERICA
- 8.5.1 BRAZIL
- 8.5.2 MEXICO
- 8.5.3 ARGENTINA
- 8.5.4 REST OF LATIN AMERICA
8.6 MIDDLE EAST & AFRICA
- 8.6.1 SOUTH AFRICA
- 8.6.2 GCC
- 8.6.3 REST OF THE MIDDLE EAST & AFRICA

9 COMPETITIVE LANDSCAPE

9.1 INTRODUCTION
9.2 COMPETITION DASHBOARD
9.3 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
9.4 LIST OF MANUFACTURERS AND POTENTIAL BUYER FOR SPECIFIC CATEGORY

10 COMPANY PROFILES

10.1 ATI
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS OFFERED
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 KEY STRATEGIES
10.2 NIPPON STEEL CORPORATION
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERED
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
- 10.2.6 KEY STRATEGIES
10.3 KOBE STEEL, LTD.
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS OFFERED
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 KEY STRATEGIES
10.4 DAIDO STEEL CO., LTD.
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS OFFERED
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 KEY STRATEGIES
10.5 TOHO TITANIUM CO., LTD
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS OFFERED
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 KEY STRATEGIES
10.6 KORPORATSIYA VSMPO-AVISMA, PAO
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGIES
10.7 B SHANGHAI LTM INDUSTRY CO., LTD
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 PRODUCTS OFFERED
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 KEY STRATEGIES
10.8 TITANIUM METALS CORPORATION
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 PRODUCTS OFFERED
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT ANALYSIS
- 10.8.6 KEY STRATEGIES
10.9 BAOJI TITANIUM INDUSTRY CO LTD.
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.3 PRODUCTS OFFERED
- 10.9.4 KEY DEVELOPMENTS
- 10.9.5 KEY STRATEGIES
10.10 PERRYMAN COMPANY LLC
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.3 PRODUCTS OFFERED
- 10.10.4 KEY DEVELOPMENTS
- 10.10.5 KEY STRATEGIES
10.11 BRISTOL METALS, LLC
- 10.11.1 COMPANY OVERVIEW
- 10.11.2 FINANCIAL OVERVIEW
- 10.11.3 PRODUCTS OFFERED
- 10.11.4 KEY DEVELOPMENTS
- 10.11.5 KEY STRATEGIES