Titanium Alloys Market Research Report — Forecast till 2030

Titanium Alloys Market Research Report by Microstructure (Alpha Alloy, Near Alpha Alloy, Alpha Beta Alloy and Beta Alloy), End-Use Industry (Aerospace, Automotive, Power and Desalination, Chemical, Marine and Others), by Region - Forecast till 2030

ID: MRFR/CnM/5264-HCR | August 2022 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of Buyers

4.1.3 Bargaining power of Suppliers

4.1.4 Threat of Substitutes

4.1.5 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Titanium Alloys Market

5 Industry Overview of Global Titanium Alloys Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Titanium Alloys Market, by Microstructure

7.1 Introduction

7.2 Alpha Alloy

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Near-Alpha Alloy

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Alpha-Beta Alloy

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 Beta Alloy

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Titanium Alloys Market, by End-Use Industry

8.1 Introduction

8.2 Aerospace

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Power and Desalination

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Chemical

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Marine

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Others

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Titanium Alloys Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.2.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020–2027

9.2.4.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.3.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020–2027

9.3.4.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.3.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.3.6.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.3.7.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.6 Japan

9.4.5.1 Market Estimates & Forecast, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.4.9.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020–2027

9.5.4.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.6.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020–2027

9.6.4.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Microstructure, 2020–2027

9.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020–2027

10. Company Landscape

11. Company Profiles

11.1 Arcam

11.1.1 Company Overview

11.1.2 Microstructure/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 ATI

11.2.1 Company Overview

11.2.2 Microstructure/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Daido Steel Co., Ltd

11.3.1 Company Overview

11.3.2 Microstructure/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 United Titanium, Inc.

11.4.1 Company Overview

11.4.2 Microstructure/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Toho Titanium Co., Ltd

11.5.1 Company Overview

11.5.2 Microstructure/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Haynes International

11.6.1 Company Overview

11.6.2 Microstructure/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Metalysis

11.7.1 Company Overview

11.7.2 Microstructure/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 TLS Technik

11.8.1 Company Overview

11.8.2 Microstructure/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Global Titanium Inc.

11.9.1 Company Overview

11.9.2 Microstructure/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 OSAKA Titanium

11.10.1 Company Overview

11.10.2 Microstructure/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 ADMA Products, Inc.

11.11.1 Company Overview

11.11.2 Microstructure/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population in Major Regions (2020–2030)

Table 2 Global Titanium Alloys Market, by Region, 2020–2027

Table 3 North America: Titanium Alloys Market, by Country, 2020–2027

Table 4 Europe: Titanium Alloys Market, by Country, 2020–2027

Table 5 Asia-Pacific: Titanium Alloys Market, by Country, 2020–2027

Table 7 Middle East & Africa: Titanium Alloys Market, by Country, 2020–2027

Table 6 Latin America: Titanium Alloys Market, by Country, 2020–2027

Table 8 Global Titanium Alloys Microstructure Market, by Region, 2020–2027

Table 9 North America: Titanium Alloys Microstructure Market, by Country, 2020–2027

Table 10 Europe: Titanium Alloys Microstructure Market, by Country, 2020–2027

Table11 Asia-Pacific: Titanium Alloys Microstructure Market, by Country, 2020–2027

Table13 Middle East & Africa: Titanium Alloys Microstructure Market, by Country, 2020–2027

Table12 Latin America: Titanium Alloys Microstructure Market, by Country, 2020–2027

Table14 North America: Titanium Alloys End-Use Industry Market, by Country, 2020–2027

Table13 Europe: Titanium Alloys End-Use Industry Market, by Country, 2020–2027

Table14 Asia-Pacific: Titanium Alloys End-Use Industry Market, by Country, 2020–2027

Table16 Middle East & Africa: Titanium Alloys End-Use Industry Market, by Country, 2020–2027

Table15 Latin America: Titanium Alloys End-Use Industry Market, by Country, 2020–2027

Table23 Global Microstructure Market, by Region, 2020–2027

Table24 Global End-Use Industry Market, by Region, 2020–2027

Table25 North America: Titanium Alloys Market, by Country, 2020–2027

Table26 North America: Titanium Alloys Market, by Microstructure, 2020–2027

Table27 North America: Titanium Alloys Market, by End-Use Industry, 2020–2027

Table28 Europe: Titanium Alloys Market, by Country, 2020–2027

Table29 Europe: Titanium Alloys Market, by Microstructure, 2020–2027

Table30 Europe: Titanium Alloys Market, by End-Use Industry, 2020–2027

Table31 Asia-Pacific: Titanium Alloys Market, by Country, 2020–2027

Table32 Asia-Pacific: Titanium Alloys Market, by Microstructure, 2020–2027

Table33 Asia-Pacific: Titanium Alloys Market, by End-Use Industry, 2020–2027

Table36 Middle East & Africa: Titanium Alloys Market, by Country, 2020–2027

Table37 Middle East & Africa Titanium Alloys Market, by Microstructure, 2020–2027

Table33 Middle East & Africa: Titanium Alloys Market, by End-Use Industry, 2020–2027

Table34 Latin America: Titanium Alloys Market, by Country, 2020–2027

Table35 Latin America Titanium Alloys Market, by Microstructure, 2020–2027

Table33 Latin America: Titanium Alloys Market, by End-Use Industry, 2020–2027

LIST OF FIGURES

FIGURE 1 Global Titanium Alloys Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Titanium Alloys Market

FIGURE 4 Value Chain of Global Titanium Alloys Market

FIGURE 5 Share of Global Titanium Alloys Market in 2018, by Country (%)

FIGURE 6 Global Titanium Alloys Market, 2020–2027,

FIGURE 7 Sub-Segments of Microstructure, 2018

FIGURE 8 Global Titanium Alloys Market Size, by Microstructure, 2018

FIGURE 9 Share of Global Titanium Alloys Market, by Microstructure, 2020–2027

FIGURE 10 Sub-Segments of End-Use Industry

FIGURE 11 Global Titanium Alloys Market Size, by End-Use Industry, 2018

FIGURE 12 Share of Global Titanium Alloys Market, by End-Use Industry, 2020–2027

Titanium Alloys Market

Titanium Alloys Market is projected to be worth USD 6 Billion by 2030, registering a CAGR of 4.5% during the forecast period (2022 - 2030).

Segmentation

By Microstructure Alpha Alloy Near Alpha Alloy Alpha Beta Alloy Beta Alloy
By End-Use Industry Aerospace Automotive Power And Desalination Chemical Marine Others

Key Players

  • Arcam (UK)
  • ATI (US)
  • Daido Steel Co.
  • Ltd (Japan)
  • United Titanium
  • Inc. (US)
  • TOHO TITANIUM CO.
  • LTD (Japan)
  • Haynes International (US)
  • Metalysis (UK)
  • TLS Technik (Germany)
  • Global Titanium Inc. (US)
  • OSAKA Titanium (Japan)
  • ADMA Products
  • Inc. (US)

Drivers

  • The aerospace industry is developing and growing in many developing nations
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Titanium Alloys Market Overview


 


Titanium Alloys Market is projected to be worth USD 6 Billion by 2030, registering a CAGR of 4.5% during the forecast period (2022 - 2030).

Titanium is both a metal and a chemical element. It’s created when chemicals are mixed with titanium. The end product is a strong metal with a high melting point. These two properties are what make it highly desired in many industries.


 


Titanium alloys are very light. This makes them able to endure very high and low temperatures without cracking or chipping. They don’t expand quickly when exposed to heat. Titanium alloys also don’t catch fire easily. These are the reasons why many industries want to use this type of metal in their regular manufacturing operations. Some of these industries are automotive, aerospace, marine, and chemical.


 


COVID-19 analysis


 


COVID-19 first made its appearance on the global stage in the early spring of last year. At first, governments thought that this was nothing more than a nuisance virus that only affected a few people. However, they soon saw that this was not the case. While most people recovered from the virus with little to no problems or issues, a small minority experienced respiratory problems and other issues that put them in the hospital. A very small percentage of these people died because of the virus.


 


What made matters worse was that people who recovered from COVID-19 could get it again because the antibodies only lasted for a few months. Also, those who recovered (some) suffered from serious health conditions like strokes and diabetes.


 


Governments around the world decided to act by imposing quarantines and lockdowns. This affected many industries. The titanium alloys market was no exception. Because many of the companies that supplied companies in this industry with raw materials were forced to halt or slow down operations, titanium alloys manufacturers found it difficult to source the raw materials needed to make the alloy metal. This raised their manufacturing costs. They were forced to pass these onto the end consumer in the form of higher prices.


List of Companies


 


● Arcam (UK), 


● ATI (US), 


● Daido Steel Co., Ltd (Japan), 


● United Titanium, Inc. (US), 


● TOHO TITANIUM CO., LTD (Japan),


● Haynes International (US), 


● Metalysis (UK), 


● TLS Technik (Germany), 


● Global Titanium Inc. (US), 


● OSAKA Titanium (Japan), and 


● ADMA Products, Inc. (US).


 


 


Market dynamics


 


Drivers


 


The aerospace industry is developing and growing in many developing nations. It’s this growth that has been the main driver of growth for the titanium alloys market. This is expected to be the case until at least the end of 2027. The companies in this industry rely heavily on pure titanium and titanium Ti-6AI-4V alloys to make the frames that support these aircraft. These companies use the different types of titanium alloys to make the engines that power these aircraft. 


 


Aircraft manufacturers love these titanium alloys for two other reasons. These alloys make aircraft resistant to heat (they won’t catch fire quickly) and able to travel greater distances while burning less fuel.


 


The International Air Transport Association (IATA) estimates that about half of all of the people who fly will be doing so too, from or within the Asia-Pacific region during the next 20 years.


 


The marine industry is also a large consumer of titanium alloys. They use these alloys when making devices and vehicles that ply/scour the ocean floors. Titanium alloys are also used in desalination pipes and pumps and pipes used for offshore drilling.


 


Opportunities


 


The fact that titanium doesn’t rust or corrode easily has made it very valuable and useful for the medical field. It’s also able to fuse with human bone quite easily. This is the reason why medical companies increasingly make titanium alloys the metal of choice when making surgical instruments, rods, pins, plates, and dental paraphernalia. 


 


Various companies in the titanium alloys market have noticed. They’re capitalizing on the fact that so many different industries want to use this alloy in their manufacturing applications by investing heavily in research and development. The objective is to try to create a new generation of titanium alloys that have even better properties and more innovative uses.


 


Restraints


 


It’s not easy to extract or make titanium alloys. It’s also not affordable. These are some of the reasons why titanium alloys are so expensive. That’s also why only larger companies use them.


 


Challenges


 


One of the main challenges that titanium alloy manufacturers will face lies in finding ways to continue to make alloys that have more diverse and innovative uses while keeping the manufacturing costs down. This will help lower the final price for the end consumer.


 


Cumulative growth analysis


 


The CAGR for the titanium alloys market is projected to be 4.5% until at least the end of 2030


 


Technology analysis


 


ATI is a major American player in the titanium alloys market. It has been investing heavily in research and development to create a new generation of titanium alloys. One of these is CP Grade 1. It’s very tensile, durable, and lightweight. This makes it perfect for manufacturing outfits that use a lot of corrosive chemicals in their operations to make certain items.


 


Segment Overview


 


By microstructure


 


The titanium alloys market can be segmented into the following groups on the basis of microstructure:


● Alpha alloy


● Near alpha alloy


● Alphabeta alloy


● Beta alloy


 


By end-user 


 


The following are the end-users of titanium alloys:


● Aerospace


● Automotives


● Power


● Desalination


● Chemical


● Marine


● Others


 


By region


 


The titanium alloy market can be divided into the following regions:


● North America


● The European Union


● Asia-Pacific


● Latin America


● The Middle East and North Africa


 


Regional Analysis


 


The Asia-Pacific region had the largest titanium alloys market sizein 2017. The main reason was that there were many developing economies in the region. Some of these were large, like India and China. The healthcare industry has the greatest demand for titanium alloys in this region. This is because the healthcare industry is developing rapidly in the Asia-Pacific region.


 


North America remains a key region in terms of titanium alloys usage. The reason being that many manufacturing outfits are located there. Demand for titanium alloys is growing in the European Union. This is largely because of the growing demand from the Government and private manufacturers of aircraft and related systems equipment.


 


Latin America is expected to experience substantial growth in the titanium alloys market until at least the end of 2027. The main reason being that the economies are growing quickly, and this is spurring growth in manufacturing. This is especially true in Brazil and Mexico. 


 


The Middle East and North Africa are using titanium alloys at a noticeable pace. Growth in this region is expected to be spurred by growth in the oil and gas industries.


 


Competitive Landscape 


 


There may be significant barriers to entry into the titanium alloys market. However, competition is still stiff in this industry. Companies are finding that they can survive only by doing three things:


 


● Investing heavily in research and development. The objective is to create a new generation of better titanium alloys with more innovative and diverse uses.


● Merging with and acquiring other companies. The objective is to pick up core competencies that will allow them to solidify their positions in existing markets and enter into new markets on a strong foot


 


● Entering into strategic partnerships. The objective is the same as with mergers and acquisitions.


 


ATI is a key American player in the titanium alloys market. It has survived by investing heavily in research and development. This has allowed the company to create a new generation of more innovative and effective titanium alloys.


 


 


Recent developments


 
February 2022 - Mizuno’s latest launch, SAT2041 Beta Ti face & complex carbon that offers impressive ball speeds as well as a dense sensation on impact, the new addition ST-G 220 driver facilitates higher adjustability to the precise fitting. Mizuno’s ST-G 220 driver boasts of lower lateral weight tracks, which enables a new back/ centre weight port. The three tracks combined with the two moveable weights facilitates transformation of ST-G from the ultra-low spinning to an extremely playable mid-spinning option.
SAT2041 means super, alloy, titanium, 4% aluminum, 20% vanadium, as well as 1% tin, offering over 17% of tensile strength along with 8% higher flexibility compared to the conventional 6-4Ti.

January 2022 - Ulbrich Stainless Steels & Special Metals will be acquiring ATI Specialty Rolled Products’ production and distribution unit based in Pico Rivera, California.
From January 31, 2022, the unit will be operating under “Ulbrich of California” and all of the shipments from this facility will be serviced by Ulbrich Steel as well as its personnel. Meanwhile, the ATI will remain the supplier for Ulbrich of titanium alloy, nickel alloy, and specialty alloy items.


● Many developing nations like India and China are using titanium alloys more often


● Many more people have been flying in the Asia-Pacific region. This is driving growth in the titanium alloys market


● The fast-growing automotive market in Indian and China is also driving growth


● The aerospace industry is also growing fast in the Asia-Pacific region. This is a major driver of growth.


 


Report overview


 


The titanium alloys market is expected to have a CAGR of 3.5% until the end of 2027. Its corrosion-resistant has a high tensile point and many other useful properties that make it useful for many industries in their manufacturing operations.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : USD 6 Billion
  CAGR   4.5%(2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Microstructure, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Arcam (UK), ATI (US), Daido Steel Co., Ltd (Japan), United Titanium, Inc. (US), TOHO TITANIUM CO., LTD (Japan),Haynes International (US), Metalysis (UK), TLS Technik (Germany), Global Titanium Inc. (US), OSAKA Titanium (Japan), and ADMA Products, Inc. (US).
  Key Market Opportunities   The fact that titanium doesn’t rust or corrode easily has made it very valuable and useful for the medical field.
  Key Market Drivers   The aerospace industry is developing and growing in many developing nations


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Frequently Asked Questions (FAQ) :

It’s a mixture of silver and chemicals with many useful properties. This is what makes it invaluable for industries that need a strong and lightweight metal.

Automotive, aerospace, marine, and chemicals are the major end-use industries of titanium.

Increasing demand for medical equipment

ATI (US), Arcam (UK), Daido Steel Co., Ltd (Japan), TOHO TITANIUM CO., LTD (Japan), United Titanium, Inc. (US), Haynes International (US), TLS Technik (Germany), Metalysis (UK), Global Titanium Inc. (US), ADMA Products, Inc. (US), and OSAKA Titanium (Japan).