Titanium Metal Market Research Report: by Type (Industrial Grade, Medical Grade, Others), by Application (Aerospace, Industrial, Medicinal Materials, Others), and Region - Global Forecast till 2023
Market analysis
Titanium is a solid and lightweight metal with properties of high quality, erosion resistance, and solidness. Its amalgams are in substantial interest in the aviation division yet the intrigue of its properties in military, chemical and medicinal applications is required to grow the extent of the titanium metal market. Extreme interest for lightweight and eco-friendly vehicles attributable to exacting guidelines is anticipated to goad the market. Developing utilization of titanium in gadgets and automotive industries can open up critical development openings in the titanium metal market. In any case, the mind-boggling expense of titanium can challenge market development. The global titanium metal market is growing at 6.17% CAGR during the forecast period (2018-2023) by reaching the valuation of USD 1,823 million by the year 2023.
Market segmentation
The global titanium metal market is classified on the basis of its application and type. Based on its type, the market is bifurcated into medical grade, industrial grade, and others. The industrial grade section accounts for the largest market share owing to a huge growth in power generation, chemical processing, electronics sectors, and aerospace. On the basis of its key applications, the market is segmented into industrial, medicinal materials, aerospace, and others.
Regional analysis
Geographically, the global titanium metal market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
TOHO TITANIUM CO., LTD. (Japan), Global Titanium Inc. (U.S.), OSAKA Titanium Technologies Co., Ltd. (Japan), and Metalysis (U.K.), ADMA Products, Inc. (U.S.), Precision Castparts Corp. (U.S.), AMETEK Inc. (U.S.), VSMPO-AVISMA Corporation (Russia), CRISTAL (Saudi Arabia), ATI (U.S.), among others are some of the major players in the global titanium metal market.
Table of Contents
1 Executive Summary
2 Market Introduction
- 2.1 Market Definition
- 2.2 Scope of the Study
- 2.3 List of Assumptions
- 2.4 Market Structure
3 Market Insights
4 Research Methodology
- 4.1 Research Process
- 4.2 Primary Research
- 4.3 Secondary Research
- 4.4 Market Size Estimation
- 4.5 Forecast Model
5 Market Dynamics
- 5.1 Introduction
- 5.2 Drivers
- 5.2.1 High Demand in the Aerospace Industry
- 5.2.2 Extensive Use in Medical Applications
- 5.2.3 Rising Use in Manufacturing Sporting and Recreational Equipment
- 5.3 Restraints
- 5.3.1 High Cost of Titanium
- 5.4 Opportunities
- 5.4.1 Surge in Demand in Electronics and Automotive Industry
- 5.5 Trends
- 5.5.1 Increasing Use in Chemical Processing
6 Market Factor Analysis
- 6.1 Supply Chain Analysis
- 6.1.1 Raw Materials
- 6.1.2 Titanium Metal Manufacturers
- 6.1.3 Distribution Channel
- 6.1.4 End-Use Industry
- 6.2 Porter's Five Forces Analysis
- 6.2.1 Threat of New Entrants
- 6.2.2 Rivalry
- 6.2.3 Threat of Substitutes
- 6.2.4 Bargaining Power of Suppliers
- 6.2.5 Bargaining Power of Buyers
- 6.3 Market Price Analysis 2013-2018
7 Global Titanium Metal Market, by Type
- 7.1 Introduction
- 7.2 Industrial Grade
- 7.3 Medical Grade
- 7.4 Others
8 Global Titanium Metal Market, by Application
- 8.1 Introduction
- 8.2 Aerospace
- 8.3 Industrial
- 8.4 Medicinal Materials
- 8.5 Others
9 Global Titanium Metal Market, by Region
- 9.1 Introduction
- 9.2 North America
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Poland
- 9.3.8 Rest of Europe
- 9.4 Asia-Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia and New Zealand
- 9.4.5 South Korea
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Mexico
- 9.5.2 Argentina
- 9.5.3 Brazil
- 9.5.4 Rest of Latin America
- 9.6 Middle East and Africa
- 9.6.1 Turkey
- 9.6.2 UAE
- 9.6.3 Saudi Arabia
- 9.6.4 Israel
- 9.6.5 Rest of Middle East & Africa
10 Competitive Landscape
- 10.1 Introduction
- 10.2 Market Strategy Analysis
11 Company Profiles
- 11.1 Metalysis
- 11.1.1 Company Overview
- 11.1.2 Financial Overview
- 11.1.3 Products Offered
- 11.1.4 Key Developments
- 11.1.5 SWOT Analysis
- 11.1.6 Key Strategy
- 11.2 ADMA Products, Inc.
- 11.2.1 Company Overview
- 11.2.2 Financial Overview
- 11.2.3 Products Offered
- 11.2.4 Key Developments
- 11.2.5 SWOT Analysis
- 11.2.6 Key Strategy
- 11.3 CRISTAL
- 11.3.1 Company Overview
- 11.3.2 Financial Overview
- 11.3.3 Products Offered
- 11.3.4 Key Developments
- 11.3.5 SWOT Analysis
- 11.3.6 Key Strategy
- 11.4 AMETEK Inc.
- 11.4.1 Company Overview
- 11.4.2 Financial Overview
- 11.4.3 Products Offered
- 11.4.4 Key Developments
- 11.4.5 SWOT Analysis
- 11.4.6 Key Strategy
- 11.5 Global Titanium Inc.
- 11.5.1 Company Overview
- 11.5.2 Financial Overview
- 11.5.3 Products Offered
- 11.5.4 Key Developments
- 11.5.5 SWOT Analysis
- 11.5.6 Key Strategy
- 11.6 OSAKA Titanium Technologies Co., Ltd.
- 11.6.1 Company Overview
- 11.6.2 Financial Overview
- 11.6.3 Products Offered
- 11.6.4 Key Development
- 11.6.5 SWOT Analysis
- 11.6.6 Key Strategy
- 11.7 ATI
- 11.7.1 Company Overview
- 11.7.2 Financial Overview
- 11.7.3 Products Offered
- 11.7.4 Key Developments
- 11.7.5 SWOT Analysis
- 11.7.6 Key Strategy
- 11.8 TOHO TITANIUM CO., LTD.
- 11.8.1 Company Overview
- 11.8.2 Financial Overview
- 11.8.3 Products Offered
- 11.8.4 Key Developments
- 11.8.5 SWOT Analysis
- 11.8.6 Key Strategies
- 11.9 Precision Castparts Corp.
- 11.9.1 Company Overview
- 11.9.2 Financial Overview
- 11.9.3 Products Offered
- 11.9.4 Key Developments
- 11.9.5 SWOT Analysis
- 11.9.6 Key Strategies
- 11.1 VSMPO-AVISMA Corporation
- 11.10.1 Company Overview
- 11.10.2 Financial Overview
- 11.10.3 Products Offered
- 11.10.4 Key Developments
- 11.10.5 SWOT Analysis
- 11.10.6 Key Strategies
12 Conclusion
