| Study Period | 2020 - 2030 |
| Market Volume (2025) | 225.68 kilotons |
| Market Volume (2030) | 300.31 kilotons |
| CAGR | 5.88 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Titanium Market Analysis
The Titanium Market size is estimated at 225.68 kilotons in 2025, and is expected to reach 300.31 kilotons by 2030, at a CAGR of 5.88% during the forecast period (2025-2030).
In 2020, titanium demand contracted due to the aviation industry's collapse amid Covid-19. Supply chain disruptions, reduced demand in key sectors like paints, automotive, and construction, and global lockdowns impacted production and pricing. However, the market started stabilizing in 2021, driven by rising demand for plastic applications in the medical sector, including PPE.
- The growing aerospace and defense industry and rising demand for lightweight and durable materials coupled with rising demand for titanium in clean energy sector equipment are poised to drive significant market growth.
- High production costs and the complicated and energy-intensive manufacturing processes may hinder market growth.
- The growing implementation of titanium in automotive components for optimized features and the rising demand for titanium-based products for medical implants can unlock substantial opportunities for market growth.
- Asia-Pacific region dominates the market and is expected to witness the highest growth during the forecast period.
Titanium Market Trends
Aerospace Segment to Drive Market Growth
- The aerospace industry remains the dominant consumer of titanium. This heightened demand for titanium is primarily driven by its critical role in aircraft fuselages and engine parts.
- Aero engines utilize titanium alloys, adept at temperatures ranging from sub-zero to 600°C, for components like discs, blades, shafts, and casings.
- The aerospace industry's growth, fueled by rising defense expenditures and a global uptick in air passenger traffic, has led to a notable increase in aircraft production worldwide, catering to both commercial and defense needs.
- In some commercial passenger aircraft, titanium can constitute up to 10% of the unloaded weight. Its versatility is evident, with titanium being integral to various aircraft components, including the fuselage, engines, compressors, fan blades, landing gear, flaps, spoilers, and fuel tanks.
- According to the Boeing Commercial Outlook 2024-2043, the total global deliveries of new airplanes are estimated to be 43,975 by 2043. The global airplane fleet number is likely to reach 50,170 units by 2043.
- IATA's Annual Review-2024 highlights that the US economy for airline industry grew by 2.5% in 2023, a rise from the previous year's 1.9%. Meanwhile, India's economy outpaced expectations, overtaking China's to emerge as the globe's fastest-growing major economy.
- Consequently, these factors are likely to influence the market during the forecast period, leading to a surge in demand for titanium in the aerospace industry.
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China to Dominate the Asia-Pacific Region
- Asia Pacific titanium market dominated the global market for titanium in 2023. This trend is set to persist, driven by rapid industrialization and infrastructure growth in nations like China and India.
- The region's robust demand for titanium spans the aerospace, industrial, and coatings sectors. Coupled with the presence of major titanium producers, Asia Pacific has firmly established itself as the largest and fastest-growing market for titanium.
- In 2024, according to the USGS Mineral Commodity Summaries 2025, China solidified its position as the dominant player in the titanium market, producing and consuming a significant portion of titanium mineral concentrates. China was responsible for about one-third of the world's ilmenite production, hitting approximately 3.3 million metric tons (in terms of titanium dioxide content) in 2024. Furthermore, from January to October 2024, China's imports of titanium mineral concentrates reached 4 million tons, marking a 14% rise from the same timeframe in 2023.
- China's dominance in the Asia-Pacific titanium alloy market is set to persist, fueled by rising demand from sectors like chemicals, high-end aerospace, medical, and environmental protection.
- The aerospace sector, a government-prioritized industry in China, is witnessing a surge in demand for titanium alloys, largely due to the country's expanding aerospace manufacturing activities. China's commercial fleet will grow 4.1% annually, from 4,345 to 9,740 airplanes by 2043, and its annual passenger traffic growth of 5.9% will exceed the global average of 4.7%, according to Boeing's 2024 Commercial Market Outlook (CMO) for China.
- China leads the world in titanium sponge production. In 2023, China's titanium sponge production was an estimated 220,000 metric tons.
- Beyond this, titanium finds applications in China's vast automotive sector, including in components like connecting rods, engine valves, and turbocharger wheels. As reported by OICA's 2023 Production Statistics, China's motor vehicle production reached 30,160,966 units in 2023, showing a 12% increase from 2022.
- New production facilities launched by Xinjiang New Material Co. Ltd and Chaoyang Baisheng Co. Ltd are poised to significantly elevate China's titanium production rates.
- Therefore, the demand for titanium is estimated to increase at the fastest rate in China in the Asia-Pacific region over the forecast period.
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Titanium Industry Overview
The titanium market is a fragmented market, with major players holding a significant share of the market. Some of the major players in the market include 3M Company, ATI Materials, Titanium Metals Corporation, Toho Titanium Co. Ltd., and VSMPO-AVISMA Corporation.
Titanium Market Leaders
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3M Company
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ATI Materials
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Titanium Metals Corporation
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Toho Titanium Co. Ltd.
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VSMPO-AVISMA Corporation
- *Disclaimer: Major Players sorted in no particular order
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Titanium Market News
- June 2024: VSMPO-AVISMA has inaugurated a cutting-edge forging complex in Verkhnyaya Salda, boasting a capacity of 4,000 tons. This advanced facility is designed for peak productivity in the steel sector, minimizing the need for human intervention. Upon successful testing, the new complex is set to boost VSMPO-AVISMA's output of high-quality titanium products, specifically bars and slabs. These titanium products find applications across diverse sectors, including industrial, marine, aerospace, automotive, and medical industries.
- July 2023: Toho Titanium Company Limited plans to upgrade its facilities to increase its production of titanium sponges by 3,000 tons per year by 2025, as well as increase its production of nickel.
- July 2023: ATI Inc. has chosen its Richland, Washington site for a significant titanium melting expansion, investing in cutting-edge assets. This move is set to elevate ATI's production of aerospace and defense-grade titanium by roughly 35% from 2022 levels, addressing the surging demand. The expansion is slated to commence operations by late 2024, with product qualifications following in 2025.
Titanium Industry Segmentation
Titanium is a hard, silvery-grey metal that naturally occurs as a compound in various minerals, most notably in ilmenite (FeTiO3) and rutile (TiO2). Valued for its low density, high strength, and excellent corrosion resistance, titanium boasts impressive properties. Additionally, its modulus of elasticity is half that of stainless steel, contributing to its durability and shock resistance. These minerals are more commonly found in sand or soil than in hard rock as ilmenite and rutile. Other minerals containing titanium include perovskite, titanite, anatase, and brookite. Major deposits of these titanium minerals are located in China, Australia, Canada, India, Norway, South Africa, Ukraine, and the USA.
The Titanium Market is Segmented by product type, application, and geography. By product type, the market is segmented into Titanium metal, Titanium alloy, Titanium compounds and catalysts, and Others. By application, it is segmented into Aerospace, Industrial, Power Generation, Chemical Processing, Medical, and Other Applications. The report offers market size forecasts for the titanium market in over 27 countries across major regions. For each segment, the market sizing and forecasts have been made on the basis of volume (tons).
| Product Type | Titanium Metal | ||
| Titanium Alloy | |||
| Titanium compounds and Catalysts | |||
| Others | |||
| Application | Aerospace | ||
| Industrial | |||
| Power Generation | |||
| Chemical Processing | |||
| Medical | |||
| Other Applications | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Thailand | |||
| Malaysia | |||
| Indonesia | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Russia | |||
| Turkey | |||
| Nordic Countries | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Colombia | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| South Africa | |||
| Nigeria | |||
| Qatar | |||
| Egypt | |||
| United Arab Emirates | |||
| Rest of Middle-East and Africa | |||
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Titanium Market Research FAQs
How big is the Titanium Market?
The Titanium Market size is expected to reach 225.68 kilotons in 2025 and grow at a CAGR of 5.88% to reach 300.31 kilotons by 2030.
What is the current Titanium Market size?
In 2025, the Titanium Market size is expected to reach 225.68 kilotons.
Who are the key players in Titanium Market?
3M Company, ATI Materials, Titanium Metals Corporation, Toho Titanium Co. Ltd. and VSMPO-AVISMA Corporation are the major companies operating in the Titanium Market.
Which is the fastest growing region in Titanium Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Titanium Market?
In 2025, the Asia Pacific accounts for the largest market share in Titanium Market.
What years does this Titanium Market cover, and what was the market size in 2024?
In 2024, the Titanium Market size was estimated at 212.41 kilotons. The report covers the Titanium Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Titanium Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Titanium Industry Report
Statistics for the 2025 Titanium market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Titanium analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
