Titanium Market to increase by USD 8.07 billion between 2022 to 2027 | Allegheny Technologies Inc., Bansal Brothers, Berkshire Hathaway Inc., and more among key companies - Technavio

NEW YORK, Sept. 11, 2023 /PRNewswire/ -- The titanium market size is expected to grow by USD 8.07 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 5.72% during the forecast period, according to Technavio. The rising adoption of titanium to lower vehicle weight is notably driving the titanium market. We provide a detailed analysis of 20 companies operating in the titanium market including  Allegheny Technologies Inc., Bansal Brothers, Berkshire Hathaway Inc., Hangzhou King Titanium Co. Ltd., Huntsman International LLC, Iluka Resources Ltd., INEOS Group Holdings SA, JX Nippon Mining and Metals Philippines Inc., Kenmare Resources plc, Kobe Steel Ltd., Mukesh Steel, Rostec, Scatec ASA, Sumitomo Corp., Tayca Corp., The Chemours Co., Titanium Industries Inc., Tronox Holdings Plc, and VVTi Pigments. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.

Titanium Market 2023-2027: Company Analysis

Tronox- The company offers titanium products such as titanium round bars, titanium plates, titanium seamless pipe, and titanium rectangular bars. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information

Titanium Market 2023-2027: Segmentation

Product Type

• Based on product type, titanium dioxide holds the largest market share. The titanium dioxide segment is significant during the forecast period. TiO2 is also known as titania and is primarily used in the paper and plastics industry and the paints and varnishes industry. Furthermore, TiO2 is used in various applications in electronic materials, energy, environment, health and medicine, and catalysis industries. Hence, such factors drive the growth of the titanium dioxide segment of the titanium market during the forecast period.
• Other segments include the application segment, which is categorized into aerospace and marine, industrial, medical, and others.

Geography 

• APAC will contribute 55% to the growth of the global market during the forecast period. APAC is anticipated to remain the largest consumer of titanium during the forecast period with China playing a significant role in the regional market. This is because numerous vendors like Shanghai Nadong Metal Co., LTD, Foshan Richemical Industry Co. Ltd, and Dinayen Enterprise Management contribute to its revenue. Furthermore, titanium is highly preferred by architects and the construction industry due to its lightweight, strength, ease of processing, and corrosion resistance. Hence, such factors drive the regional market growth of titanium in APAC during the forecast period.
• Other regions include North America, Europe, South America, and the Middle East and Africa.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

Titanium Market 2023-2027: Key Highlights

• Historic Market Size 2017-2021
• CAGR of the market during 2023-2027
• Detailed information on factors that will assist titanium market growth during the next five years
• Estimation of the titanium market size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the titanium market
• Analysis of the competitive landscape and detailed information on companies
• Comprehensive details of factors that will impede the growth of titanium market companies

Related Reports:

The Titanium Dioxide Market size is estimated to grow by USD 6,899.93 million between 2022 and 2027 accelerating at a CAGR of 5.66% during the forecast period.

The Ti-6Al-4V Titanium Alloy Market is projected to grow by USD 707.41 million with a CAGR of 3.05% during the forecast period 2021 to 2026.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Product Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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