Press release
Titanium Market Strategies and Insight Drivers 2026 | Precision Castparts Corp, TITANIUM INDUSTRIES INC., Norsk Titanium US Inc., VVTi Pigments
Titanium Market
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Market Analysis: Global Titanium Market
Global titanium market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing application of titanium and rising demand from petrochemical industry are major factor for the growth of this market.
Key Market Competitors:
Few of the major competitors currently working in the global titanium market are Huntsman International LLC., INEOS, Iluka Resources Limited, Sumitomo Corporation, VSMPO-AVISMA Corporation, TOHO TITANIUM CO., LTD., ATI., Precision Castparts Corp, TITANIUM INDUSTRIES INC., Norsk Titanium US Inc., VVTi Pigments., CRISTAL, Kenmare Resources plc., Global Titanium Inc., M/s Bansal Brothers, Titanium Technologies, Tronox Holdings plc, Mukesh Steel, KOBE STEEL, LTD., Kilburn Chemicals, Hangzhou King Titanium co., ltd and others.
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Market Definition: Global Titanium Market
Titanium is a kind of a metal which are usually derived from ilmenite & rutile and are lightweight and stronger as compared to the steel. These metals have good durability and are corrosion resistant. They usually changes color when the temperature of the metal is increased. Titanium sponge, titanium tetrachloride, titanium concentrate, and other are some of the common types of the titanium. They are used in the bracelets and watches. These metals are widely used in applications such as medical, energy, paper & plastics, coatings, aerospace and others.
Segmentation: Global Titanium Market
Titanium Market : By Product Type
Titanium Concentrate
Titanium tetrachloride
Titanium Sponge
Ferrotitanium
Titanium Pigment
Other
Titanium Market : By Application
Aerospace & Marine
Industrial
Medical
Energy
Pigments
Additives & Coatings
Papers & Plastics
Others
Titanium Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Titanium Market :
In July 2018, Thalheimer Brothers announced the acquisition of Mega Metals so that they can expand them in the titanium market. This acquisition will help the company to strengthen their service in the aerospace industry and they will be able to provide better services to their customers
In July 2015, Alcoa announced the acquisition of RTI International Metals, Inc so that they can enhance their titanium capability. They will be using RTI technologies and materials so that they can provide advanced titanium to the aerospace industry. This acquisition will strengthen their position in the market and help them to meet the requirement of their customers
Titanium Market Drivers:
Rising usage of titanium in medical equipment due to their nontoxic nature will drive the market growth
Increasing demand of titanium from aerospace and marine will also propel the market growth
Growing application of titanium due to their strength and durability; this factor is also accelerating the growth of this market
Growth in the defense industry will also enhance the market growth
Titanium Market Restraints:
High production cost of the titanium will restrain the market growth
High reactivity at high temperature will also hamper the growth of this market
Problem associated with the extraction process of the titanium ores will also restrict its growth in the market
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