Global Titanium Market Size
Metal And Mineral Manufacturing

Insights Into The Titanium Market’s Growth Opportunities Through 2023-2032 – Includes Titanium Market Share

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032


The increasing use of titanium metal in the aerospace industry is likely to promote titanium manufacturing innovation, hence driving the market over the forecast period.


The global titanium market is expected to grow from $24.59 billion in 2022 to $26.07 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The global titanium market size is expected to reach $32.40 billion in 2027 at a CAGR of 5.6%.


Get A Free Sample On The Global Titanium Market Report:


Global Titanium Market Segments Include:

  • By Type: Industrial Grade, Medical Grade
  • By Product Type: Titanium Concentrate, Titanium Tetrachloride, Titanium Sponge, Ferrotitanium, Titanium Pigment, Other Products
  • By Application: Paints And Coatings, Aerospace And Defense, Chemicals, Electric Power, Other Applications
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global titanium market in 2021.


Major Market Players in the titanium market include ATI Metals, Cristal Global, CRS Holdings Inc., Nippon Steel Corporation, Osaka Titanium Technologies Co. Ltd., Precision Castparts Corp., Toho Titanium Co. Ltd., VSMPO-AVISMA Corporation.


Technological innovation is a prevalent trend in the titanium market. To strengthen their market position, major industry players are focusing on developing technologically advanced and novel products. For example, Norsk Titanium, a Norwegian aerospace and defence parts producer, introduced its first additively created near-net-shape titanium component for the semiconductor manufacturing industry in February 2023. The 80kg titanium carrier tray was created in collaboration with Hittech Group, a machine industry company based in the Netherlands. The additively built titanium carrier tray substitutes a forged plate and saves 140 kg (64%) in semiconductor raw materials while allowing the user to use their existing supply chain and enhance their current production without any new capital investment.


The Titanium Global Market Report 2023  provides a titanium market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The titanium market forecast analyzes titanium market size, titanium market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


Titanium is a glossy, silver-gray metal that is highly corrosion resistant, has a low density, and is both strong and lightweight. Because of its exceptional strength-to-weight ratio and tolerance to harsh temperatures and chemicals, titanium is utilised in a wide range of industries, including power generation, utilities, automotive, and healthcare.


Explore Similar Reports From The Business Research Company:

Aerospace Titanium Global Market Report 2023Aerospace Fasteners Global Market Report 2023

Aerospace Valves Global Market Report 2023


Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.


Contact us at:
The Business Research Company:
+1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at

Follow us on:

Global Market Model:
Found this article helpful? Share it on:

Leave a Reply

Your email address will not be published. Required fields are marked *