The global titanium market was valued at USD XX Million in 2019 and it’s anticipated to reach USD XX Million by 2026, expanding at a CAGR of 3.2% by 2026.
Ontario, CA -- (SBWIRE) -- 04/07/2020 -- Titanium metal is mostly used as an alloying element and generally fused with aluminum, iron, and molybdenum owing to its superior properties. The prime materials are used in the production of aircraft engineered material are ilmenite and rutile. The low density and high strength material are temperature resistant and corrosion resistance which extends its application in the aerospace and aviation industry. Furthermore, it's also used in food handling equipment and industrial applications such as metal finishing and adhesives industry.
The global titanium market was valued at USD XX Million in 2019 and it's anticipated to reach USD XX Million by 2026, expanding at a CAGR of 3.2% by 2026. Titanium's wide array of applications in various industries such as pharmaceutical, automotive, aerospace, and chemical industry, among others attributes to the robust growth in the industry.
The material has also found its application in consumer products such as computers, sports equipment, and watches, which has called for strong demand for titanium in the industry. The electronics industry is shifting toward the titanium electrical circuit as it can survive in hostile environments and has high reliability as compared to the conventional printed circuits.
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Segment by Key players:
- Huntsman International.
- Iluka Resources Ltd.
- Sumitomo Corporation
- VSMPO-AVISMA Corporation.
- Toho Titanium Co. Ltd.
- RTI International Metals
- Allegheny Technologies
- Baoji Titanium Industry Co., Ltd.
- CRS Holdings Inc.
Segment by Type:
- Alpha Alloys (Ti-6Al-2Sn-4Zr-2Mo+Si, Ti-5Al-2.5Sn, and Ti-8Al-1Mo-1V)
- Beta Alloys
Segment by Application:
- Aerospace industry
- Biomedical engineering industry
- Equipment processing industry
- Paint and coating industry
- Electronic Industry
Segment by Regions:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Table of Content:
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Titanium Market Overview
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Titanium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.4. Market Trends
4.4. Titanium Market - Supply Chain
4.5. Global Titanium Market Forecast
4.5.1. Titanium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Titanium Market Size (000' Units) and Y-o-Y Growth
4.5.3. Titanium Market Absolute $ Opportunity
5. Global Titanium Market Analysis and Forecast by Type
5.1. Market Trends
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Titanium Market Size and Volume Forecast by Type
5.3.1. Fabricated Frame
5.3.2. Tube and Coupler
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Titanium Market Analysis and Forecast by Application
6.1. Market Trends
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Titanium Market Size and Volume Forecast by Application
6.3.1. Personal Decoration
6.3.2. Commercial Decoration
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Titanium Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Titanium Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Titanium Market Analysis and Forecast by Region
8.1. Market Trends
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Titanium Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Titanium Demand Share Forecast, 2019-2029
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