Dublin, June 05, 2024 (GLOBE NEWSWIRE) -- The "Titanium Metal Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global titanium metal market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 5.8% from 2024 to 2030.
The major drivers for this market are rising use of titanium dioxide in the paints & coating industry, growing use of titanium metal in the aerospace & defense industry, as well as, increasing demand for lightweight and fuel-efficient vehicles. The future of the global titanium metal market looks promising with opportunities in the aerospace, industrial, and medical material markets.
The study includes a forecast for the global titanium metal by type, application, and region.
Titanium Metal Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Medical Grade
- Industrial Grade
- Others
Titanium Metal Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Aerospace
- Industrial
- Medical Material
- Others
Titanium Metal Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Titanium Metal Market Insights
Medical grade will remain the larger segment over the forecast period because the titanium's inherent resistance to corrosion is crucial in medical applications, as well as, implants and devices need to endure the body's harsh chemical environment without degrading or compromising their functionality.
APAC will remain the largest region over the forecast period due to rise in building activity and rising demand for lightweight vehicles in the region.
Some of the titanium metal companies profiled in this report include:
- ADMA Products
- Precision Castparts
- Ametek
- Avista
- Cristal
- ATI
- Toho Titanium
- Metalysis
- Osaka Titanium Technologies
- Nippon Steel
Features of the Global Titanium Metal Market
- Market Size Estimates: Titanium metal market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Titanium metal market size by type, application, and region in terms of value ($B).
- Regional Analysis: Titanium metal market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the titanium metal market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the titanium metal market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
For more information about this report visit https://www.researchandmarkets.com/r/ixrygh
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