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Titanium Metal Market Trends 2019, Segmentation, SWOT Analysis, Opportunities and Forecast To 2023

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Titanium Metal Market Research Report: by Type (Industrial Grade, Medical Grade, Others), by Application (Aerospace, Industrial, Medicinal Materials, Others), and Region - Global Forecast till 2023 – PowerPoint PPT presentation

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Title: Titanium Metal Market Trends 2019, Segmentation, SWOT Analysis, Opportunities and Forecast To 2023


1
Titanium Metal Market Research Report - Forecast
to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
2
Titanium Metal Market Research Report- Forecast
to 2023
Titanium Metal Market - Overview
Market Research Future (MRFR) estimates the
Global Titanium Metal Market size to touch USD
1,823 million by 2023. It can exhibit 6.17 CAGR
from 2018 to 2023 (forecast period). The market
is set to soar thanks to heavy demand from the
aerospace industry. This can be attributed to
characteristics of high corrosion resistance,
capacity to handle high temperatures, and high
tensile strength to density ratio. Moreover,
demand of titanium for the production of
lightweight and fuel-efficient military aircraft
can fuel the Titanium Metal Market. The corrosion
resistant nature of Titanium has provided the
market scope to expand in the medical industry.
Devices and equipment such as toe implants,
breast implants, retractors, tweezers, and others
are produced using the metal owing to its natural
compatibility with the human body. Furthermore,
the uptick noticed in cosmetic surgeries in 2017
owing to affordability and rise in per capita
income of consumers can spur the Titanium Metal
Market growth. Sports and recreational equipment
can induce the demand in the Titanium Metal
Market owing to popularity of sports made
possible by televised events. Awareness of
benefits of sports coupled with rising
health-consciousness levels among consumers can
drive the market growth. The use of titanium in
chemical processing equipment such as reactors,
electric tanks, and pressure vessels due to the
ability of the metal in handling high
temperatures can spur market growth.
3
Titanium Metal Market Research Report- Forecast
to 2023
Segmental Analysis
The Global Titanium Metal Market is segmented by
Type and Application. By Type, industrial grade
accounted for 49 of the Titanium Metal Market in
2017. This can be attributed to heavy demand from
aerospace, electronics, power generation,
petroleum, and chemical processing sectors. The
segment is predicted to touch a valuation of USD
881.9 million by 2023. On the other hand, the
medical grade segment can exhibit 6.65 CAGR
during the forecast period to accumulate close to
USD 715.3 million by 2023. It can accrue close to
79.8 kilotons (KT) by 2023, at a CAGR of 5.68
during the assessment period. By Application,
the aerospace segment held nearly 62 share of
the Titanium Metal Market in 2017. It can reach a
valuation of USD 1,154.6 million and command a
demand of 130.3 KT by 2023. Meanwhile, medicinal
materials can exhibit 6.17 CAGR over the
forecast period to generate USD 237.1 million by
2023. View Full Press Release _at_
https//www.marketresearchfuture.com/reports/titan
ium-metal-market-7482
4
Titanium Metal Market Research Report- Forecast
to 2023
Regional Outlook
Geographically, the Titanium Metal Market is
segmented into Europe, Asia Pacific (APAC), North
America, Latin America, and the Middle East
Africa (MEA). The APAC region accounted for 41
share in the Titanium Metal Market owing to
demand in major industries such as aerospace,
medical, construction, and chemicals. The boom in
the aerospace sector due to demand for titanium
in civilian and military aircraft is likely to
bolster market demand in the region. The region
can contribute USD 792.2 million by 2023. The
North America Titanium Metal Market can touch a
size of USD 498.4 million by 2023 owing to the
boom in aerospace and defense sectors. Border
tensions coupled with rise in terrorist
activities are expected to fuel the market demand
exponentially. The region can accumulate a demand
of 56.2 KT by 2023.
5
Titanium Metal Market Research Report- Forecast
to 2023
Major Players in this Research
  • Titanium Metal Market Prominent Players
  • ADMA Products, Inc. (U.S.)
  • Precision Castparts Corp. (U.S.)
  • AMETEK Inc. (U.S.)
  • VSMPO-AVISMA Corporation (Russia)
  • CRISTAL (Saudi Arabia)
  • ATI (U.S.)
  • TOHO TITANIUM CO., LTD. (Japan)
  • Global Titanium Inc. (U.S.)
  • OSAKA Titanium Technologies Co., Ltd. (Japan)
  • Metalysis (U.K.)

Get Free Sample _at_ https//www.marketresearchfuture
.com/sample_request/7482
6
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
7
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