The titanium mill products market size has the potential to grow by 25.35 thousand MT during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.73%.
This report provides a detailed analysis of the market by product (sheets and plates, billets and bars, and others), end-user (industrial, commercial aerospace, and defense), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
Market Overview

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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Alcoa Corp.
- Allegheny Technologies Inc.
- Hangzhou King Titanium co. Ltd.
- Honeywell International Inc.
- Jiangsu well titanium
- Kobe Steel Ltd.
- Luoyang Sunrui Wanji Titanium Industry Co. Ltd.
- Shaanxi Nonferrous Metal Holding Group Co. Ltd.
- Shenyang Xinghe Titanium Products Co. Ltd.
- VSMPO AVISMA Corp.
The titanium mill products market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the growth in the aerospace industry to achieve growth opportunities. However, factors such as the high cost of titanium mill products as compared with substitutes will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the titanium mill products market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This titanium mill products market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
Titanium Mill Products Market: Key Drivers and Trends
- The growth in the aerospace industry will fuel the growth of the titanium mill products market size.
- With heightened national security threats, defense budgets in nations such as the US, France, the UK, the Middle East, and Japan are increasing at a rapid pace.
- Global revenue in the defense sector is expected to continue growing during the forecast period as governments equip their armed forces with futuristic and advanced defense weapons and next-generation technologies such as intelligence gathering, including cyber, defense electronics, and precision strike capabilities.
- The passenger travel demand is also anticipated to grow over the next 20 years, contributing to increasing aircraft production.
- These factors and the increasing development of new-generation aircraft will drive the demand for titanium mill products in the aerospace industry.
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- The distinct properties of titanium will drive the growth prospects for the titanium mill products market during the forecast period.
- Some of the major factors responsible for the titanium mill products market growth are the various properties of titanium such as high strength-to-weight ratio, high tensile strength at high temperatures, corrosion resistance, and thermal stability that make it ideal for airframe structures.
- The market is witnessing a huge demand for titanium over copper-nickel in seawater service applications due to its intrinsic corrosion resistance and high-density properties.
- In addition, titanium metal is considered more economical than copper-nickel due to its weight and space considerations on floating production systems.
- Furthermore, titanium is increasingly used in power generation projects in seawater due to its high tensile strength.
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Titanium Mill Products Market: Segmentation by Geography

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34% of the market’s growth will originate from North America during the forecast period. The US is a key market for titanium mill products in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.
The growth in aerospace and defense and the heavy expenditure for upgrading and extending defense capabilities will facilitate the titanium mill products market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Titanium Mill Products Market: Segmentation by Product

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Titanium sheets are often used as a heat barrier owing to their poor thermal conductivity. It prevents heat transfer to the rest of the assembly. Titanium plates and sheets also have ballistic properties making them great for driver protection in racing. These factors are responsible for the growth of the titanium mill products market in the sheets and plates segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the titanium mill products market size. Fetch actionable market insights on post COVID-19 impact on each segment.

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Titanium Mill Products Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive titanium mill products market growth during the next five years
- Precise estimation of the titanium mill products market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the titanium mill products industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of titanium mill products market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five Force Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product by Volume
- Market segments
- Comparison by Product by volume
- Sheets and plates - Market size and forecast 2020-2025
- Billets and bars - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product by volume
Market Segmentation by End-user by Volume
- Market segments
- Comparison by End-user by volume
- Industrial - Market size and forecast 2020-2025
- Commercial aerospace - Market size and forecast 2020-2025
- Defense - Market size and forecast 2020-2025
- Market opportunity by End-user by volume
Customer landscape
Geographic Landscape by Volume
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Alcoa Corp.
- Allegheny Technologies Inc.
- Hangzhou King Titanium co. Ltd.
- Honeywell International Inc.
- Jiangsu well titanium
- Kobe Steel Ltd.
- Luoyang Sunrui Wanji Titanium Industry Co. Ltd.
- Shaanxi Nonferrous Metal Holding Group Co. Ltd.
- Shenyang Xinghe Titanium Products Co. Ltd.
- VSMPO AVISMA Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape