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Titanium Alloy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global titanium alloy market size reached US$ 4.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.24 Billion by 2027, exhibiting a growth rate (CAGR) of 6.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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:

IMARC Group 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 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Microstructure, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global titanium alloy market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global titanium alloy market?
  • What are the key regional markets?
  • What is the breakup of the market based on the microstructure?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global titanium alloy market and who are the key players?
  • What is the degree of competition in the industry?

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$), 2016-2021
Figure 3: Global: Titanium Alloy Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Titanium Alloy Market: Breakup by Microstructure (in %), 2021
Figure 5: Global: Titanium Alloy Market: Breakup by End Use Industry (in %), 2021
Figure 6: Global: Titanium Alloy Market: Breakup by Region (in %), 2021
Figure 7: Global: Titanium Alloy (Alpha and Near-alpha Alloy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Titanium Alloy (Alpha and Near-alpha Alloy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Titanium Alloy (Alpha-beta Alloy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Titanium Alloy (Alpha-beta Alloy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Titanium Alloy (Beta Alloy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Titanium Alloy (Beta Alloy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Titanium Alloy (Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Titanium Alloy (Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Titanium Alloy (Automotive and Shipbuilding) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Titanium Alloy (Automotive and Shipbuilding) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Titanium Alloy (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Titanium Alloy (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Titanium Alloy (Power and Desalination) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Titanium Alloy (Power and Desalination) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Titanium Alloy (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Titanium Alloy (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: North America: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: North America: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Canada: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Canada: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia-Pacific: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia-Pacific: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Japan: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Japan: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South Korea: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South Korea: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Australia: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Australia: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Indonesia: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Indonesia: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Others: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Others: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Germany: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Germany: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: France: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: France: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United Kingdom: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United Kingdom: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Italy: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Italy: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Spain: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Spain: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Russia: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Russia: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Latin America: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Latin America: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Brazil: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Brazil: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Mexico: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Mexico: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Middle East and Africa: Titanium Alloy Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Middle East and Africa: Titanium Alloy Market: Breakup by Country (in %), 2021
Figure 71: Middle East and Africa: Titanium Alloy Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Titanium Alloy Market Forecast: Breakup by Microstructure (in Million US$), 2022-2027
Table 3: Global: Titanium Alloy Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 4: Global: Titanium Alloy Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Titanium Alloy Market: Competitive Structure
Table 6: Global: Titanium Alloy Market: Key Players


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