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Global Titanium Market Size, Trends, and Growth Opportunity, By Type (Titanium Concentrate, Titanium tetrachloride, Titanium Sponge, Ferrotitanium, Titanium Pigment, Other), By Application (Aerospace & Marine, Industrial, Medical, Energy, Pigments, Additives & Coatings, Papers & Plastics, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.


Report ID : IR1002256 | Industries : Chemicals & Materials | Published On :June 2024 | Page Count : 241

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  • Global Titanium Market Size, Trends, and Growth Opportunity, By Type (Titanium Concentrate, Titanium tetrachloride, Titanium Sponge, Ferrotitanium, Titanium Pigment, Other), By Application (Aerospace & Marine, Industrial, Medical, Energy, Pigments, Additives & Coatings, Papers & Plastics, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
    Global Titanium Market 

    The global Titanium market was valued at USD 26.55 Billion in 2022 and is expected to expand to USD 53.50 Billion in 2030 at a CAGR of 7.96% during the forecast period 2023- 2030.
    A very robust metal mostly derived from ilmenite & rutile is Titanium metal. This metal is corrosion-resistant and also is very durable and very light.
     

    Market Drivers
    The main driving factors for the growth of the market are the increasing application of titanium in several industries like automotive, construction, aerospace, and rules demanding the use of ecologically friendly products.
     

    Market Restraints
    The main restraining factors for Global Titanium Market are high production cost and high reactivity at high temperatures. Also, Problems linked with the extraction process of titanium is also expected to hamper the market.
     

    Market Segmentation 
    The global Titanium market is segmented based on Type, Application, and region. On the basis of Type, it is segmented into Titanium Concentrate, Titanium tetrachloride, Titanium Sponge, Ferrotitanium, Titanium Pigment, and Others. Based on Application, it is segmented into Aerospace & Marine, Industrial, Medical, Energy, Pigments, Additives & Coatings, Papers & Plastics, and Others. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. 
     

    Regional Analysis
    North America is anticipated to dominate the market owing to the availability of the metal has amplified suggestively as a result of the metals and mining sector's rapid expansion and their high application in the manufacturing of medical products like IV bags.
    Asia Pacific is also likely to witness significant growth in the forecast period due to the upsurge in construction activities in China, India, and Southeast Asian countries. Also, the use of titanium has enlarged in aircraft therefore, growth in production of these directly supports Titanium Market growth in this region.
     

    Key Players 
    Various key players are listed in this report such as Huntsman International LLC., Iluka Resources Limited, Sumitomo Corporation, VSMPO-AVISMA Corporation, TOHO TITANIUM CO., LTD., Precision Castparts Corp, TITANIUM INDUSTRIES INC., Norsk Titanium US Inc., VVTi Pigments., Kenmare Resources plc.
     

    Industry Developments
    In May 2020, Tronox Holdings plc has signed a definitive agreement to purchase for approximately $300 million the TiZir Titanium and Iron ('TTI') business from Eramet S.A., a publicly-traded French international mining and metallurgy firm. This strategic transaction is an advancing vertical integration approach that will provide Tronox to expand titanium feedstock capability to better meet internal requirements and, in exchange, better support for pigment customers with a low-cost, reliable supply source.
    In 2019, Western Superconducting Technologies Co., Ltd expanded its service by supplying a 63/80-MN two-column high-speed push-down open-die forging press by an SMS group. Two integrated rail-bound 25-ton manipulators and a mobile eight-ton loading and unloading manipulator were also included in the supply.
    In 2018, Arconic Corporation expanded its aluminum and titanium aerospace parts facility in Bestwig, Germany. The expansion increased its production capacity in meeting the growing demand from commercial aircraft manufacturers.
     

    Market Taxonomy
    By Type

    o Titanium Concentrate
    o Titanium tetrachloride
    o Titanium Sponge
    o Ferrotitanium
    o Titanium Pigment
    o Other
    By Application
    o Aerospace & Marine
    o Industrial
    o Energy
    o Medical 
    o Pigments
    o Additives & Coatings
    o Papers & Plastics
    o Others 
    By Region 
    o North America
    o Europe
    o Asia Pacific  
    o Latin America
    o Middle East and Africa
     
    Key Question Addressed by the Report

    · What are the Key Opportunities in the Global Titanium Market?
    · What will be the growth rate from 2023 to 2030?
    · Which segment/region will have the highest growth?
    · What are the factors that will impact/drive the Market?
    · What is the role of key players in the value chain?

    Global Titanium Market
    1 Introduction
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Feedstock Types
    3 Executive Summary
    4 Global Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn
    4.2.6 Post covid-19 world Supply& Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Titanium Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type 
    5.2 Global Titanium Market Share Analysis, By Type 
    5.3 Global Titanium Market Size and Forecast, By Type
    5.3.1 Titanium Concentrate
    5.3.2 Titanium tetrachloride
    5.3.3 Titanium Sponge
    5.3.4 Ferrotitanium
    5.3.5 Titanium Pigment
    5.3.6 Other
    6 Global Titanium Market, By Application 
    6.1 Y-o-Y Growth Comparison, By Application 
    6.2 Global Titanium Market Share Analysis, By Application 
    6.3 Global Titanium Market Size and Forecast, By Application 
    6.3.1 Aerospace & Marine
    6.3.2 Industrial
    6.3.3 Medical
    6.3.4 Energy
    6.3.5 Pigments
    6.3.6 Additives & Coatings
    6.3.7 Papers & Plastics
    6.3.8 Others
    7 Global Titanium Market, By Region
    7.1 Global Titanium Market Share Analysis, By Region
    7.2 Global Titanium Market Share Analysis, By Region
    7.3 Global Titanium Market Size and Forecast, By Region
    8 North America Titanium Market Analysis and Forecast (2023- 2030)
    8.1 Introduction
    8.2 North America Titanium Market Share Analysis, By Type
    8.3 North America Titanium Market Size and Forecast, By Application 
    8.4 North America Titanium Market Size and Forecast, By Country
    8.4.1 U.S.
    8.4.2 Canada
    8.4.3 Mexico
    9 Europe Titanium Market Analysis and Forecast (2023- 2030)
    9.1 Introduction
    9.2 Europe Titanium Market Share Analysis, By Type 
    9.3 Europe Titanium Market Size and Forecast, By Application  
    9.4 Europe Titanium Market Size and Forecast, By Country
    9.4.1 Germany
    9.4.2 France
    9.4.3 UK
    9.4.4. Rest of Europe
    10 Asia Pacific Titanium Market Analysis and Forecast (2023- 2030)
    10.1 Introduction
    10.2 Asia Pacific Titanium Market Share Analysis, By Type 
    10.3 Asia Pacific Titanium Market Size and Forecast, By Application  
    10.4 Asia Pacific Titanium Market Size and Forecast, By Country
    10.4.1 China
    10.4.2 Japan
    10.4.3 India
    10.4.4. Rest of Asia Pacific
    11 Latin America Titanium Market Analysis and Forecast (2023- 2030)
    11.1 Introduction
    11.2 Latin America Titanium Market Share Analysis, By Type 
    11.3 Latin America Titanium Market Size and Forecast, By Application  
    11.4 Latin America Titanium Market Size and Forecast, By Country
    11.4.1. Brazil
    11.4.2. Rest of Latin America
    12 Middle East Titanium Market Analysis and Forecast (2023- 2030)
    12.1 Introduction
    12.2 Middle East Titanium Market Share Analysis, By Type 
    12.3 Middle East Titanium Market Size and Forecast, By Application  
    12.4 Middle East Titanium Market Size and Forecast, By Country
    12.4.1. Saudi Arabia
    12.4.2. UAE
    12.4.3. Egypt
    12.4.4. Kuwait
    12.4.5. South Africa
    13 Competitive Analysis
    13.1 Competition Dashboard
    13.2 Market share Analysis of Top Vendors
    13.3 Key Development Strategies
    14 Company Profiles
    14.1 Huntsman International LLC.
    14.1.1 Overview
    14.1.2 Offerings
    14.1.3 Key Financials
    14.1.4 Business Segment & Geographic Overview
    14.1.5 Key Market Developments
    14.1.6 Key Strategies
    14.2 Iluka Resources Limited
    14.2.1 Overview
    14.2.2 Offerings
    14.2.3 Key Financials
    14.2.4 Business Segment & Geographic Overview
    14.2.5 Key Market Developments
    14.2.6 Key Strategies
    14.3 Sumitomo Corporation
    14.3.1 Overview
    14.3.2 Offerings
    14.3.3 Key Financials
    14.3.4 Business Segment & Geographic Overview
    14.3.5 Key Market Developments
    14.3.6 Key Strategies
    14.4 VSMPO-AVISMA Corporation
    14.4.1 Overview
    14.4.2 Offerings
    14.4.3 Key Financials
    14.4.4 Business Segment & Geographic Overview
    14.4.5 Key Market Developments
    14.4.6 Key Strategies
    14.5 TOHO TITANIUM CO., LTD. 
    14.5.1 Overview
    14.5.2 Offerings
    14.5.3 Key Financials
    14.5.4 Business Segment & Geographic Overview
    14.5.5 Key Market Developments
    14.5.6 Key Strategies
    14.6 Precision Castparts Corp
    14.6.1 Overview
    14.6.2 Offerings
    14.6.3 Key Financials
    14.6.4 Business Segment & Geographic Overview
    14.6.5 Key Market Developments
    14.6.6 Key Strategies
    14.7 TITANIUM INDUSTRIES INC.
    14.7.1 Overview
    14.7.2 Offerings
    14.7.3 Key Financials
    14.7.4 Business Segment & Geographic Overview
    14.7.5 Key Market Developments
    14.7.6 Key Strategies
    14.8 Norsk Titanium US Inc. 
    14.8.1 Overview
    14.8.2 Offerings
    14.8.3 Key Financials
    14.8.4 Business Segment & Geographic Overview
    14.8.5 Key Market Developments
    14.8.6 Key Strategies
    14.9 VVTi Pigments.
    14.9.1 Overview
    14.9.2 Offerings
    14.9.3 Key Financials
    14.9.4 Business Segment & Geographic Overview
    14.9.5 Key Market Developments
    14.9.6 Key Strategies
    14.10 Kenmare Resources plc.
    14.10.1 Overview
    14.10.2 Offerings
    14.10.3 Key Financials
    14.10.4 Business Segment & Geographic Overview
    14.10.5 Key Market Developments
    14.10.6 Key Strategies