The future of the global titanium market looks promising with opportunities in the aerospace & marine, automotive, industrial, medical, energy, pigment, additive & coating, and paper & plastic markets. The global titanium market is expected to reach an estimated $33.8 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are rising preference for titanium dioxide based paints and coatings and increasing demand for this substrate from the aerospace and automotive industry.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the titanium market by
product type (titanium concentrate, titanium tetrachloride, titanium sponge,
ferrotitanium, titanium pigment, and others), type (titanium dioxide and
titanium metal), end use (aerospace & marine, automotive, industrial, medical,
energy, pigments, additives & coatings, papers & plastics, and others),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, titanium concentrate, titanium tetrachloride, titanium sponge, ferrotitanium, and titanium pigment are the major segments of titanium market by product type. Lucintel forecasts that titanium concentrate is expected to witness highest growth over the forecast period due to its usage in various applications, such as coatings, plastics, the production of printing ink and paper, cosmetics, chemical fibres, electronics, ceramics, alloys, and glass. Within this market, aerospace & marine will remain the largest segment due to significant usage of titanium in aircraft and spacecraft manufacturing given to its high strength, lightweight, and corrosion resistance properties.
APAC is expected to
witness highest growth over the forecast period due to rising manufacturing
activities of aerospace and presence of key titanium exporters in the region.
VSMPO-AVISMA, ATI
Metals, Titanium Metal, Chemour, Venator Materials, Tronox, Lomon Billions,
Kronos, AMG Advanced Metallurgical, and Allegheny Technologies are the major suppliers
in the titanium market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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