Latest News- Titanium Market: Titanium dioxide is expected to lead the Product Type segment during 2025-2029

The Titanium Market is being driven by Rising adoption of titanium to lower vehicle weight

The Titanium Market is expected to grow at a CAGR of 6.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9583.8 million. Titanium alloys have gained significant traction in various industries, particularly in harsh environments, due to their superior properties. In the industrial and marine sectors, the material's resistance to corrosion and high strength make it an ideal choice for applications such as flue gas desulfurization units, scrubber systems, sour gas handling, deep-well services, heat exchangers, propeller shafts, and seawater piping. The chemical processing industry also benefits from titanium alloys' ability to withstand aggressive chemicals and reduce maintenance cycles, leading to their increased adoption in heat exchangers and reactors. 

Get more information on Titanium Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Titanium dioxide
  • Titanium metal
• Application
  • Aerospace and marine
  • Industrial
  • Medical
  • Others
• Form Factor
  • Sheets and plates
  • Bars and billets
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising adoption of titanium to lower vehicle weight
• Increasing use of titanium as absorbent of pollutants
• Rising use of titanium in ceramic industry

However, the market also witnesses some limitations, which are as follows:

• Concerns related to carcinogenic effect of titanium dioxide (TiO2)
• High availability of substitutes
• High prices associated with titanium

Benefits of Buying Global Titanium Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Titanium Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Titanium market encompasses various production techniques such as powder atomization methods, including vacuum arc remelting, electron beam melting, and plasma atomization technology. The hydride-dehydride process and cold compaction methods are used for manufacturing titanium powders. Vacuum sintering parameters, fluidized bed reduction, and the sulphate and chloride process pigments are essential in the production of titanium dioxide forms. Titanium is utilized in various industries for medical devices certification, orthopedic and dental implant materials, pacemaker casings, surgical instrument sterilization, and aerospace component fabrication. Automotive and marine applications also benefit from its resistance to corrosion. Industrial chemical handling, pulp paper industry, and pressure vessel construction are additional sectors that use titanium. Its thermal expansion coefficient, machinability characteristics, and surface finishing methods are crucial factors in its application. Ultrasonic inspection protocols and nondestructive testing methods ensure product quality, while recycling process innovation, scrap metal reclamation, environmental impact assessment, energy consumption optimization, and process waste reduction contribute to its sustainability.

Market Research Overview

The Titanium market encompasses the production and manufacturing of titanium sponge, titanium powder metallurgy, and advanced technologies such as electron beam melting and hot isostatic pressing. These processes are integral to the creation of high-performance alpha-beta alloys. The Titanium market is a segment of the broader Diversified Metals and Mining industry. This sector encompasses companies involved in the extraction and production of non-ferrous metals, including Titanium, as well as salt, borate, phosphate rock, and diversified mining operations. According to Technavio, the global Diversified Metals and Mining market size is determined by the combined revenue generated from these activities. Key non-ferrous metals include Titanium, as well as Lead, Nickel, Tin, Zinc, Cobalt, Mercury, Tungsten, Beryllium, Bismuth, Cerium, Cadmium, Niobium, Indium, Gallium, Germanium, Lithium, Selenium, Tantalum, Tellurium, Vanadium, and Zirconium, along with their respective alloys.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/