Titanium Global Market Report 2025

Description

Titanium is a shiny, silver-gray metal known for its exceptional resistance to corrosion, lightweight nature, and robust strength. Its remarkable properties make it a sought-after material in diverse industries such as power generation, utilities, automotive, and healthcare. This is primarily due to its outstanding strength-to-weight ratio, resilience to extreme temperatures, and resistance to chemical reactions.

The primary categories of titanium are industrial grade and medical grade. Industrial grade titanium, particularly Grade 4 titanium, is known for its lightweight quality and high tensile strength. It finds applications in various sectors such as aircraft components, hydraulic systems, and engine components. Several titanium-based products, including titanium concentrate, titanium tetrachloride, titanium sponge, ferrotitanium, and titanium pigment, among others, are utilized in industries such as paints and coatings, aerospace and defense, chemicals, electric power, and various other applications.

The titanium market research report is one of a series of new reports from The Business Research Company that provides titanium market statistics, including titanium industry global market size, regional shares, competitors with a titanium market share, detailed titanium market segments, market trends and opportunities, and any further data you may need to thrive in the titanium industry. This titanium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The titanium market size has grown strongly in recent years. It will grow from $27.23 billion in 2024 to $28.68 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to aerospace advancements, military and defense applications, industrial expansion, medical implants and devices, sports equipment development.

The titanium market size is expected to see strong growth in the next few years. It will grow to $36.96 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to space exploration initiatives, infrastructure development, automotive industry trends, medical implants and prosthetics, expanding renewable energy sector. Major trends in the forecast period include industrial and chemical processing, space exploration endeavors, architectural and design applications, automotive industry trends, additive manufacturing growth.

The expanding automotive industry is anticipated to drive the growth of the titanium market in the coming years. The automotive industry encompasses the production, manufacturing, and sales of vehicles, including cars, trucks, motorcycles, and other modes of transport. Titanium is utilized in the production of engine components such as valves, valve springs, valve spring bearing seats, and connecting rods due to its excellent corrosion resistance and high strength. For example, in May 2023, the European Automobile Manufacturers Association (ACEA), a Belgium-based trade association, reported that global motor vehicle production increased by 5.7% in 2022, totaling 85.4 million units compared to production figures from 2021. Hence, the growth of the automotive industry is propelling the titanium market.

The rising use of titanium metal in the aerospace sector is expected to further stimulate the growth of the titanium market. With its high strength-to-weight ratio, titanium is ideal for aircraft structures that require both strength and lightness. Additionally, its resistance to high temperatures makes it suitable for jet engines. Titanium is employed in turbine engines to manufacture components such as compressor blades, disks, hubs, spacers, inlet cases, and seals. In September 2024, the Aerospace Industries Association, a U.S.-based organization, noted that the U.S. aerospace and defense industry reached a significant milestone in 2023, generating over $955 billion in sales, representing a 7.1% increase from the previous year. Therefore, the growing demand for titanium metal in the aerospace industry is expected to drive the growth of the titanium market.

Technological innovation emerges as a prominent trend in the titanium market, with major companies prioritizing the development of cutting-edge and inventive products to fortify their market positions. A case in point is Norsk Titanium, an aerospace and defense parts manufacturer based in Norway, which unveiled its inaugural additively manufactured near-net-shape titanium component for the semiconductor manufacturing sector in February 2023. Collaborating with Hittech Group, a machine industry company in the Netherlands, the 80kg titanium carrier tray replaces a forged plate, resulting in a 64% reduction (140 kg) in raw materials for semiconductors. This innovation not only optimizes the customer's existing supply chain but also facilitates capacity expansion without additional capital investment.

Strategic partnerships play a pivotal role among major companies in the titanium market, serving as a means to foster industry development. These partnerships empower companies to enhance their market presence, boost competitiveness, and seize new growth opportunities. An exemplar is the collaboration between Minerals Development Oman (MDO), a government agency based in Oman, and DUBAL Holding, an investment company in the UAE. In November 2022, they jointly launched the Sohar Titanium project, aimed at establishing a titanium dioxide production plant in the Sohar Freezone. Anticipated to contribute to the development of industries related to titanium dioxide, this initiative is set to provide a lucrative mining investment opportunity in the Sultanate, leveraging the country's modern industrial infrastructure.

In April 2022, Kymera International, a specialty materials company based in the United States, successfully acquired AmeriTi Manufacturing Company. The financial details of this acquisition were not publicly disclosed. This strategic move enabled Kymera to expand its portfolio of products and effectively enter into key markets such as aerospace, medical, defense, and industrial sectors. AmeriTi Manufacturing Company, the acquired entity, is a US-based manufacturer specializing in producing ferrotitanium, titanium sponge, titanium powders, and specialty forms. This acquisition significantly broadened Kymera International's capabilities and market reach within the titanium and specialty materials industry.

Major companies operating in the titanium market include 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, Global Titanium Inc., Sumitomo Corporation, Norsk Titanium AS, VV Titanium Pigments Private Limited, Daido Steel Co. Ltd., Kobe Steel Ltd., AMG Advanced Metallurgical Group N.V., Otto Fuchs Company, Mishra Dhatu Nigam Limited, Howmet Aerospace Inc., Perryman Company, Eramet SA

Asia-Pacific was the largest region in the titanium market in 2024. The regions covered in the titanium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the titanium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The titanium market consists of sales of titanium dioxide and titanium metal. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Titanium Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on titanium market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for titanium ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The titanium market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered: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
Subsegments:
1) By Industrial Grade: Commercially Pure Titanium (CP Titanium); Titanium Alloys
2) By Medical Grade: Titanium Alloys; Porous Titanium
Companies Mentioned: Allegheny Technologies Incorporated; National Titanium Dioxide Company Ltd.; CRS Holdings Inc.; Nippon Steel Corporation; Osaka Titanium Technologies Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r23803

1. Executive Summary

2. Titanium Market Characteristics

3. Titanium Market Trends And Strategies

4. Titanium Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

5. Global Titanium Growth Analysis And Strategic Analysis Framework

5.1. Global Titanium PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Titanium Market Growth Rate Analysis
5.4. Global Titanium Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Titanium Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Titanium Total Addressable Market (TAM)

6. Titanium Market Segmentation

6.1. Global Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Industrial Grade
Medical Grade
6.2. Global Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Titanium Concentrate
Titanium Tetrachloride
Titanium Sponge
Ferrotitanium
Titanium Pigment
Other Products
6.3. Global Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Paints And Coatings
Aerospace And Defense
Chemicals
Electric Power
Other Applications
6.4. Global Titanium Market, Sub-Segmentation Of Industrial Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Commercially Pure Titanium (CP Titanium)
Titanium Alloys
6.5. Global Titanium Market, Sub-Segmentation Of Medical Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Titanium Alloys
Porous Titanium

7. Titanium Market Regional And Country Analysis

7.1. Global Titanium Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Titanium Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Titanium Market

8.1. Asia-Pacific Titanium Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Titanium Market

9.1. China Titanium Market Overview
9.2. China Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Titanium Market

10.1. India Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Titanium Market

11.1. Japan Titanium Market Overview
11.2. Japan Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Titanium Market

12.1. Australia Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Titanium Market

13.1. Indonesia Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Titanium Market

14.1. South Korea Titanium Market Overview
14.2. South Korea Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Titanium Market

15.1. Western Europe Titanium Market Overview
15.2. Western Europe Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Titanium Market

16.1. UK Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Titanium Market

17.1. Germany Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Titanium Market

18.1. France Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Titanium Market

19.1. Italy Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Titanium Market

20.1. Spain Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Titanium Market

21.1. Eastern Europe Titanium Market Overview
21.2. Eastern Europe Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Titanium Market

22.1. Russia Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Titanium Market

23.1. North America Titanium Market Overview
23.2. North America Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Titanium Market

24.1. USA Titanium Market Overview
24.2. USA Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Titanium Market

25.1. Canada Titanium Market Overview
25.2. Canada Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Titanium Market

26.1. South America Titanium Market Overview
26.2. South America Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Titanium Market

27.1. Brazil Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Titanium Market

28.1. Middle East Titanium Market Overview
28.2. Middle East Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Titanium Market

29.1. Africa Titanium Market Overview
29.2. Africa Titanium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Titanium Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Titanium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Titanium Market Competitive Landscape And Company Profiles

30.1. Titanium Market Competitive Landscape
30.2. Titanium Market Company Profiles
- 30.2.1. Allegheny Technologies Incorporated Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. National Titanium Dioxide Company Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. CRS Holdings Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Nippon Steel Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Osaka Titanium Technologies Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

31. Titanium Market Other Major And Innovative Companies

31.1. Precision Castparts Corp.
31.2. Toho Titanium Co. Ltd.
31.3. VSMPO-AVISMA Corporation
31.4. Global Titanium Inc.
31.5. Sumitomo Corporation
31.6. Norsk Titanium AS
31.7. VV Titanium Pigments Private Limited
31.8. Daido Steel Co. Ltd.
31.9. Kobe Steel Ltd.
31.10. AMG Advanced Metallurgical Group N.V.
31.11. Otto Fuchs Company
31.12. Mishra Dhatu Nigam Limited
31.13. Howmet Aerospace Inc.
31.14. Perryman Company
31.15. Eramet SA

32. Global Titanium Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Titanium Market

34. Recent Developments In The Titanium Market

35. Titanium Market High Potential Countries, Segments and Strategies

35.1 Titanium Market In 2029 - Countries Offering Most New Opportunities
35.2 Titanium Market In 2029 - Segments Offering Most New Opportunities
35.3 Titanium Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer