Global Titanium Market, By Product Type (Titanium Concentrate, Titanium tetrachloride, Titanium Sponge, Ferrotitanium, Titanium Pigment, Other), Application (Aerospace & Marine, Industrial, Medical, Energy, Pigments, Additives & Coatings, Papers & Plastics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Titanium Market
The titanium market is expected to witness market growth at a rate of 6.4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on titanium market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The high demand for the product from end use industries globally is escalating the growth of titanium market.
Titanium refers to a metal that is generally derived from ilmenite & rutile and are known to be lightweight and stronger as compared to the steel. These metals are corrosion resistant, and they also display good durability. This metal changes color when the temperature of the metal is increased. Some of the common types of the titanium are titanium sponge, titanium tetrachloride, and titanium concentrate among others.
The use of the product as pigments in paints and coatings formulation across the globe acts as one of the major factors driving the growth of titanium market. The high utilization in in aerospace and aviation industry owning to its excellent temperature properties, and strength to weight ratio, and adoption to produce high speed aircrafts, spacecrafts, ships, and electrodes accelerate the market growth. The use of the metal in desalination, industrial applications, and food handling equipments, and increase in applications such as heat jigs, exchanger oils, and linings due to properties such as good corrosion resistance further influence the market. Additionally, research and development activities, use in metal finishing industry and adhesives, and rise in investment positively affect the titanium market. Furthermore, increase in demand for lightweight vehicles, owing to the need for better fuel efficiency, extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high production cost and high reactivity at high temperature are expected to obstruct the market growth. Problems associated with the extraction process of the titanium ores are projected to challenge the titanium market in the forecast period of 2021-2028.
This titanium market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on titanium market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Titanium Market Scope and Market Size
The titanium market is segmented on the basis of type and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the titanium market is segmented into titanium concentrate, titanium tetrachloride, titanium sponge, ferrotitanium, titanium pigment and other.
- On the basis of application, the titanium market is segmented into aerospace & marine, industrial, medical, energy, pigments, additives & coatings, papers & plastics, and others.
Global Titanium Market Country Level Analysis
The titanium market is analyzed and market size, volume information is provided by country, purity, type, and applications as referenced above.
The countries covered in the global titanium market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the titanium market due to the rise in construction activities in China, India, and Southeast Asian countries. Latin America and MEA regions are expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the growing number of PV installations in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Titanium Market Share Analysis
The titanium market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to titanium market.
The major players covered in the titanium market report are Huntsman International LLC., INEOS, Iluka Resources Limited, Sumitomo Corporation, VSMPO-AVISMA Corporation, TOHO TITANIUM CO., LTD., ATI., Precision Castparts Corp, TITANIUM INDUSTRIES INC., Norsk Titanium US Inc., VVTi Pigments., CRISTAL, Kenmare Resources plc., Global Titanium Inc., M/s Bansal Brothers, Titanium Technologies, Tronox Holdings plc, Mukesh Steel, KOBE STEEL, LTD., Kilburn Chemicals, and Hangzhou King Titanium co., ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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