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Titanium Alloy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5742882
The global titanium alloy market size reached US$ 4.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 7.6 Billion by 2028, exhibiting a CAGR of 8.73% during 2022-2028.

Titanium alloys are metals obtained by the homogeneous mixture of pure titanium mixed with other metals in small quantities, such as palladium, vanadium, aluminum, iron, molybdenum, and tin. They are widely used to manufacture high-performance materials, such as steam turbine blades, autoclaves, airframes, missile fuel tanks, orthopedic pins and screws, and automobile parts. Titanium alloys offer high tensile strength, biocompatibility, toughness, and corrosion resistance. They also exhibit low density, which helps them withstand extreme temperatures without breaking or chipping. As a result, they find extensive applications across the aerospace, transportation, power generation, chemical, utilities, automotive, and healthcare industries.

Titanium Alloy Market Trends:

The global titanium alloy market is primarily being driven by significant growth in the aerospace industry. Titanium alloys are widely used to make aero-engines, aircraft turbines, airframes, armor plating, spacecraft, landing gear, and hydraulic tubing. In line with this, the extensive product incorporation in missiles, airplanes, and rockets, owing to their high strength-to-density ratio, resistance to seawater, low weight strength, and high temperatures is favoring the market growth. Additionally, the integration of three-dimensional (3D) printing technology to develop super-strong, highly ductile, lightweight, and cost-effective titanium alloys is providing an impetus to the market growth. Moreover, rising demand from the healthcare industry for producing dental and surgical implants, such as denture frameworks and bases, bar connectors, orthodontic wires, hip joints, bone splints, and pacemaker cases, is providing a considerable boost to the market growth. Other factors, including widespread product adoption in the automotive industry to manufacture parts of the internal combustion engine, such as valves and valve springs, and extensive research and development (R&D) activities, are supporting the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global titanium alloy market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on microstructure and end use industry.

Breakup by Microstructure:

  • Alpha and Near-alpha Alloy
  • Alpha-beta Alloy
  • Beta Alloy

Breakup by End Use Industry:

  • Aerospace
  • Automotive and Shipbuilding
  • Chemical
  • Power and Desalination
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Allegheny Technologies Incorporated, Altemp Alloys LLC, AMG Advanced Metallurgical Group N.V., Carpenter Technology Corporation, Daido Steel Co. Ltd., Haynes International Inc., Kobe Steel Ltd., Mishra Dhatu Nigam Limited, NeoNickel, Nippon Steel Corporation, Precision Castparts Corp. (Berkshire Hathaway Inc.), thyssenkrupp AG and United Titanium Inc.

Key Questions Answered in This Report

1. What was the size of the global titanium alloy market in 2022?
2. What is the expected growth rate of the global titanium alloy market during 2023-2028?
3. What are the key factors driving the global titanium alloy market?
4. What has been the impact of COVID-19 on the global titanium alloy market?
5. What is the breakup of the global titanium alloy market based on the microstructure?
6. What is the breakup of the global titanium alloy market based on the end use industry?
7. What are the key regions in the global titanium alloy market?
8. Who are the key players/companies in the global titanium alloy market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Titanium Alloy Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Microstructure
6.1 Alpha and Near-alpha Alloy
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Alpha-beta Alloy
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Beta Alloy
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 Aerospace
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Automotive and Shipbuilding
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Chemical
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Power and Desalination
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Allegheny Technologies Incorporated
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Altemp Alloys LLC
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 AMG Advanced Metallurgical Group N.V.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 Carpenter Technology Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Daido Steel Co. Ltd.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Haynes International Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Kobe Steel Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Mishra Dhatu Nigam Limited
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9 NeoNickel
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Nippon Steel Corporation
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Precision Castparts Corp. (Berkshire Hathaway Inc.)
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 thyssenkrupp AG
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
13.3.13 United Titanium Inc.
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
List of Figures
Figure 1: Global: Titanium Alloy Market: Major Drivers and Challenges
Figure 2: Global: Titanium Alloy Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Titanium Alloy Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Titanium Alloy Market: Breakup by Microstructure (in %), 2022
Figure 5: Global: Titanium Alloy Market: Breakup by End Use Industry (in %), 2022
Figure 6: Global: Titanium Alloy Market: Breakup by Region (in %), 2022
Figure 7: Global: Titanium Alloy (Alpha and Near-alpha Alloy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Titanium Alloy (Alpha and Near-alpha Alloy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Titanium Alloy (Alpha-beta Alloy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Titanium Alloy (Alpha-beta Alloy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Titanium Alloy (Beta Alloy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Titanium Alloy (Beta Alloy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Titanium Alloy (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Titanium Alloy (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Titanium Alloy (Automotive and Shipbuilding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Titanium Alloy (Automotive and Shipbuilding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Titanium Alloy (Chemical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Titanium Alloy (Chemical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Titanium Alloy (Power and Desalination) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Titanium Alloy (Power and Desalination) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Titanium Alloy (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Titanium Alloy (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: United States: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: United States: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Canada: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Canada: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Asia-Pacific: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Asia-Pacific: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: China: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: China: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Japan: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Japan: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: India: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: India: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: South Korea: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: South Korea: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Australia: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Australia: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Indonesia: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Indonesia: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Others: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Others: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Europe: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Europe: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Germany: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Germany: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: France: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: France: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: United Kingdom: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: United Kingdom: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Italy: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Italy: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Spain: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Spain: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Russia: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Russia: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Latin America: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Latin America: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Brazil: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Brazil: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Mexico: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Mexico: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Middle East and Africa: Titanium Alloy Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Middle East and Africa: Titanium Alloy Market: Breakup by Country (in %), 2022
Figure 71: Middle East and Africa: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Global: Titanium Alloy Industry: SWOT Analysis
Figure 73: Global: Titanium Alloy Industry: Value Chain Analysis
Figure 74: Global: Titanium Alloy Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Titanium Alloy Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Titanium Alloy Market Forecast: Breakup by Microstructure (in Million US$), 2023-2028
Table 3: Global: Titanium Alloy Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 4: Global: Titanium Alloy Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Titanium Alloy Market: Competitive Structure
Table 6: Global: Titanium Alloy Market: Key Players

Companies Mentioned

  • Allegheny Technologies Incorporated
  • Altemp Alloys LLC
  • AMG Advanced Metallurgical Group N.V.
  • Carpenter Technology Corporation
  • Daido Steel Co. Ltd.
  • Haynes International Inc.
  • Kobe Steel Ltd.
  • Mishra Dhatu Nigam Limited
  • NeoNickel
  • Nippon Steel Corporation
  • Precision Castparts Corp. (Berkshire Hathaway Inc.)
  • thyssenkrupp AG
  • United Titanium Inc.

Methodology

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Table Information