Titanium alloys are metals that contain a mixture of titanium and other chemical elements. Titanium is considered to be one of the strongest metals. Its strength, heat, water and salt resistance, and its light weight make it the ideal metal for a variety of applications. These applications range from jewelry and dental implants to airplanes and ships. Pure titanium is strong and corrosive resistant. Titanium alloys retain the same strength and corrosion resistance but takes on the greater flexibility and malleability of the metal it is combined with. Titanium alloys, therefore, have more applications than pure titanium.
The main producers in the sector are TIMET, ATI and VSMPO-AVISMA, with a combined revenue share of 38.67% in 2019.
Market Analysis and Insights: Global Titanium Metal (Titanium Alloy) Market
The global Titanium Metal (Titanium Alloy) market is valued at US$ 4362.4 million in 2019. The market size will reach US$ 6365.8 million by the end of 2026, growing at a CAGR of 5.3% during 2021-2026.
Global Titanium Metal (Titanium Alloy) Scope and Segment
Titanium Metal (Titanium Alloy) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Titanium Metal (Titanium Alloy) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Plates
Bars
Tube
Forgings
Wires
Others
The revenue proportion of plates is about 51.01%, which is the highest in 2019.
Segment by Application
Airframes
Aeroengines
Petrochemical
Medical
Desalination
Automotive
Energy
Others
The most proportion of titanium metal is aiframes, and the market share in 2019 is 44.11%.
By Company
TIMET
ATI
VSMPO-AVISMA
Western Superconducting
BAOTAI
Western Metal Materials
Carpenter
Arconic
OSAKA Titanium
Toho Titanium
Advanced Metallurgical Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
The main producers in the sector are TIMET, ATI and VSMPO-AVISMA, with a combined revenue share of 38.67% in 2019.
Market Analysis and Insights: Global Titanium Metal (Titanium Alloy) Market
The global Titanium Metal (Titanium Alloy) market is valued at US$ 4362.4 million in 2019. The market size will reach US$ 6365.8 million by the end of 2026, growing at a CAGR of 5.3% during 2021-2026.
Global Titanium Metal (Titanium Alloy) Scope and Segment
Titanium Metal (Titanium Alloy) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Titanium Metal (Titanium Alloy) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Plates
Bars
Tube
Forgings
Wires
Others
The revenue proportion of plates is about 51.01%, which is the highest in 2019.
Segment by Application
Airframes
Aeroengines
Petrochemical
Medical
Desalination
Automotive
Energy
Others
The most proportion of titanium metal is aiframes, and the market share in 2019 is 44.11%.
By Company
TIMET
ATI
VSMPO-AVISMA
Western Superconducting
BAOTAI
Western Metal Materials
Carpenter
Arconic
OSAKA Titanium
Toho Titanium
Advanced Metallurgical Group
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
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