Cookies: We use cookies to improve your experience on our website. By using our website, you agree to our use of cookies.

Titanium Mill Products Market Outlook Report

Published On: Feb, 2025
|
Pages: 136

The Titanium Mill Products Market is estimated at 197.8 thousand tons in 2023. Further, the market is expected to grow from 204.7 thousand tons in 2024 to 259.3 thousand tons in 2031 at a CAGR of 3.4%.

Titanium Mill Products Market Overview

Titanium is a silver color lustrous transition metal with atomic number 22 and the symbol Ti. Titanium metal is produced by the reduction of titanium mineral concentrates into the primary metal stage called “sponge,” a porous form. Subsequent refinement of titanium metal includes the melting of sponge, and scrap, along with a dominant alloy metal to form an ingot or slab. Primary fabrication occurs when an ingot or slab is converted into general mill products. Titanium mill products are then formed by using various techniques such as drawing, forging, and rolling titanium into products of different sizes and shapes ranging from bars and rods to wires, slabs, foil, and pipe.
Titanium Mill Products possess unique characteristics such as high melting point, low specific gravity, and high specific strength. These products offer wide advantages of great toughness, anti-fatigue, corrosion resistance, low thermal conductivity, temperature tolerance, and less stress under rapid temperature differences. Titanium-milled products are kinds of titanium alloys that are produced by milling raw titanium into various shapes, such as sheets, plates, bars, and tubes. These products are used in various end-use industries including aerospace, defense, medical, chemicals, consumer goods, and automobile owing to their high strength-to-weight ratio, excellent corrosion resistance, and biocompatibility.

Latest Trends in Titanium Mill Products Market

Ability to absorb supply chain disruptions
The titanium-milled products market is represented by long-term contracts between a limited number of suppliers and a limited number of consumers. Consolidation on the buyer side and supply side bound by supply contracts ensures a consistent market. Further, in aircraft manufacturing involving high industry stocks and very long production cycles, the market presents enough cushion to sustain any temporary or short-term supply disruption.
Recent developments arising from the Russia-Ukraine war leading to sanctions on Russia, a leading supplier of Titanium milled products can potentially impact the market in the long term. Top consuming companies from US and Europe will not be very interested in renewing their supply contracts with VSMPO–AVISMA Corp. Further, the market is well shielded from unforeseen supply disruptions arising from COVID kind of health emergencies or any other geo-political issues. However, the Titanium mill product manufacturers are susceptible to disturbances in raw material procurement.

Driving Factors

Growing demand in the aerospace and defense industry:
Titanium-milled products are widely used in the aerospace industry due to their high strength-to-weight ratio, corrosion resistance, ability to withstand high temperatures, and high mechanical properties. The increasing demand for lightweight aircraft and fuel-efficient engines are driving factors for the growth demand of the market. The defense sector is also a significant user due to its strength, durability, and corrosion resistance. The increasing defense budget helps to drive the demand for titanium-milled products.

Market Challenges

High raw material cost
Titanium offers performance as well as mass-saving benefits in automotive components subjected to reciprocating and suspension loads and in components subjected to extreme temperatures and gradients. However, the use of titanium is limited due to the high cost of the raw material and the requirement for special handling. Higher costs are the major drawback for titanium to compete with other light metals. Titanium-milled product manufacturing requires specialized equipment resulting in higher production costs. This can limit the adoption of titanium-milled products in cost-sensitive industries.

Companies Mentioned

  1. Titanium Metal Corp. (TIMET)
  2. Allegheny Technologies Inc. (ATI)
  3. RTI International Metals (RTI) / Alcoa Corp.
  4. VSMPO-AVISMA Corporation
  5. Baoji Titanium Industry Co. Ltd. (Baoti Group)
  6. Arconic
  7. Nippon Steel Corporation
  8. Kobe Steel
  9. Osaka Titanium Technologies Co. Ltd.
  10. Norsk Titanium
  11. PCC Structurals (Precision Castparts Corp.)
  12. Western Titanium
  13. CITIC Titanium
  14. Midhani (Mishra Dhatu Nigam Limited)
  15. ZIRCOT Products
  16. TW Metals

*The companies above are listed in no particular order.

Report Scope

Details

Market Value- $ Million,2024

204.7 thousand tons

Market Growth (Value), (2024-2030)- %

3.4

Leading Region

Xx

Base Year

2023

Forecast Period

2024 to 2031

Segments Covered

By End-Use Industry, By End-Use Industry

Geography Covered

North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa

 

Market Segmentation

Titanium Mill Products Market, By End-Use Industry

  • Aerospace
  • Industrial
  • Others

Titanium Mill Products Market, By Product Type

  • Sheets & Plates
  • Billets & Bars
  • Tubes & Pipes
  • Others

Titanium Mill Products Market, by Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Vietnam, Rest of APAC)
  • The Middle East and Africa (Saudi Arabia, South Africa, UAE, Iran, Egypt, Rest of MEA)
  • South and Central America (Brazil, Argentina, Chile, Rest of SCA)

TABLE OF CONTENTS

1. GLOBAL TITANIUM MILL PRODUCTS INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions

2. GLOBAL TITANIUM MILL PRODUCTS MARKET REVIEW, 2023
3. TITANIUM MILL PRODUCTS MARKET INSIGHTS
3.1. Titanium Mill Products Market Insights, 2023-2031
3.1.1. Leading Titanium Mill Products, by End-User Industry, 2023-2031
3.1.2. Leading Titanium Mill Products, by Product Type, 2023-2031
3.1.3. Fast-Growing Geographies for Titanium Mill Products, 2023-2031

4. TITANIUM MILL PRODUCTS MARKET TRENDS, DRIVERS, AND RESTRAINTS
4.1. Titanium Mill Products Market Latest Trends
4.1.1. Increasing Demand from Aerospace Industry
4.1.2. Ability to absorb supply chain disruptions
4.1.3. Surging Demand from Chemical and Petro-chemical industries
4.1.4. Advancement in titanium alloys:
4.1.5. Growing focus on sustainability:
4.1.6. Potential consolidation:
4.1.7. Government initiations and policies:
4.1.8. Adoption of New marketing strategy:
4.1.9. Higher use of carbon fiber compatible with titanium:
4.2. Titanium Mill Products Market Drivers to 2031
4.2.1. Growing demand in the aerospace and defense industry:
4.2.2. Increased usage in medical implants:
4.2.3. The rapid growth of industrial applications:
4.2.4. Growing demand in the Automobile sector:
4.2.5. Technological advancements in manufacturing industries:
4.2.6. Increasing demand for Renewable energy:
4.2.7. Development of new alloys and manufacturing techniques:
4.3. Titanium Mill Products Market Restraints to 2031
4.3.1. High raw material cost
4.3.2. Stringent regulations:
4.3.3. Dependency on Russia
4.3.4. Volatility in raw material prices:

5. FIVE FORCES ANALYSIS FOR GLOBAL TITANIUM MILL PRODUCTS MARKET
5.1. Porter’s Five Forces Analysis

6. GLOBAL TITANIUM MILL PRODUCTS MARKET DATA - INDUSTRY SIZE, SHARE, AND OUTLOOK
6.1. Global Titanium Mill Products Market Overview, Tons, 2023
6.2. Global Titanium Mill Products Market Size and Share Outlook, By End-User Industry, 2023-2031
6.2.1. Aerospace
6.2.2. Industrial
6.2.3. Other End-User Industries
6.3. Global Titanium Mill Products Market Size and Share Outlook, By Product Type, 2023-2031
6.3.1. Sheets & Plates
6.3.2. Billets & Bars
6.3.3. Tubes & Pipes
6.3.4. Other Products
6.4. Global Titanium Mill Products Market Size and Share Outlook by Region, 2023-2031

7. GLOBAL TITANIUM MILL PRODUCTS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
7.1. Global Titanium Mill Products Market Overview, $ Million, 2023
7.2. Global Titanium Mill Products Market Size and Share Outlook, By End-User Industry, 2023-2031
7.2.1. Aerospace
7.2.2. Industrial
7.2.3. Other End-User Industries
7.3. Global Titanium Mill Products Market Size and Share Outlook, By Product Type, 2023-2031
7.3.1. Sheets & Plates
7.3.2. Billets & Bars
7.3.3. Tubes & Pipes
7.3.4. Other Products
7.4. Global Titanium Mill Products Market Size and Share Outlook by Region, 2023-2031

8. ASIA PACIFIC TITANIUM MILL PRODUCTS MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
8.1. Asia Pacific Titanium Mill Products Market Overview, 2023
8.2. Asia Pacific Titanium Mill Products Market Size and Share Outlook, By Product Type, 2023-2031
8.3. Asia Pacific Titanium Mill Products Market Size and Share Outlook, By End-User Industry, 2023-2031
8.4. Asia Pacific Titanium Mill Products Market Size and Share Outlook by Country, 2023-2031
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Rest of Asia Pacific

9. EUROPE TITANIUM MILL PRODUCTS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
9.1. Europe Titanium Mill Products Market Overview, 2023
9.2. Europe Titanium Mill Products Market Size and Share Outlook, By Product Type, 2023-2031
9.3. Europe Titanium Mill Products Market Size and Share Outlook, By End-User Industry, 2023-2031
9.4. Europe Titanium Mill Products Market Size and Share Outlook by Country, 2023-2031
9.4.1. Germany
9.4.2. France
9.4.3. UK
9.4.4. Italy
9.4.5. Spain
9.4.6. Rest of Europe

10. NORTH AMERICA TITANIUM MILL PRODUCTS MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
10.1. North America Titanium Mill Products Market Overview, 2023
10.2. North America Titanium Mill Products Market Size and Share Outlook, By Product Type, 2023-2031
10.3. North America Titanium Mill Products Market Size and Share Outlook, By End-User Industry, 2023-2031
10.4. North America Titanium Mill Products Market Size and Share Outlook by Country, 2023-2031
10.4.1. United States
10.4.2. Canada
10.4.3. Mexico

11. SOUTH AND CENTRAL AMERICA TITANIUM MILL PRODUCTS MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
11.1. South and Central America Titanium Mill Products Market Overview, 2023
11.2. South and Central America Titanium Mill Products Market Size and Share Outlook, By Product Type, 2023-2031
11.3. South and Central America Titanium Mill Products Market Size and Share Outlook, By End-User Industry, 2023-2031
11.4. South and Central America Titanium Mill Products Market Size and Share Outlook by Country, 2023-2031
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South and Central America

12. MIDDLE EAST AFRICA TITANIUM MILL PRODUCTS MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
12.1. Middle East Africa Titanium Mill Products Market Overview, 2023
12.2. Middle East Africa Titanium Mill Products Market Size and Share Outlook, By Product Type, 2023-2031
12.3. Middle East Africa Titanium Mill Products Market Size and Share Outlook, By End-User Industry, 2023-2031
12.4. Middle East Africa Titanium Mill Products Market Size and Share Outlook by Country, 2023-2031
12.4.1. Middle East
12.4.2. Africa

13. TITANIUM MILL PRODUCTS MARKET STRUCTURE AND COMPETITIVE LANDSCAPE
13.1. Titanium Metal Corp. (TIMET)
13.2. Allegheny Technologies Inc. (ATI)
13.3. RTI International Metals (RTI) / Alcoa Corp.
13.4. VSMPO–AVISMA Corp. (VSMPO)
13.5. KOBE STEEL, LTD.

14. LATEST NEWS, DEALS, AND DEVELOPMENTS IN TITANIUM MILL PRODUCTS MARKET

15. APPENDIX
15.1. About Us
15.2. Sources
15.3. Research Methodology
15.4. Research Process
15.5. Research Execution
15.6. Contact Information

  

Get Free Sample

At OG Analysis, we understand the importance of informed decision-making in today's dynamic business landscape. To help you experience the depth and quality of our market research reports, we offer complimentary samples tailored to your specific needs.

Start Now! Please fill the form below for your free sample.

Why Request a Free Sample?

Evaluate Our Expertise: Our reports are crafted by industry experts and seasoned analysts. Requesting a sample allows you to assess the depth of research and the caliber of insights we provide.

Tailored to Your Needs: Let us know your industry, market segment, or specific topic of interest. Our free samples are customized to ensure relevance to your business objectives.

Witness Actionable Insights: See firsthand how our reports go beyond data, offering actionable insights and strategic recommendations that can drive your business forward.

Embark on your journey towards strategic decision-making by requesting a free sample from OG Analysis. Experience the caliber of insights that can transform the way you approach your business challenges.

You can purchase individual sections of this report. Explore pricing options for specific sections.
License

$4150- 5%

$6450- 10%

$8450- 15%

Didn’t find what you’re looking for? TALK TO OUR ANALYST TEAM

Need something within your budget? NO WORRIES! WE GOT YOU COVERED!

Reach Out to Us
phone_icon

+91 888 64 99099

phone_icon

sales@oganalysis.com

Related Products

Ground Calcium Carbonate Market Outlook Report

Ground Calcium Carbonate Market Overview Ground calcium carbonate commonly referred to as GCC is finely ground limestone or marble, a calcium carbonate material having the chemical formula, CaCO3. GCC accounts for more than 80% of the Calcium carbonate market that is available in Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC) forms. GCC is produced by mechanical grinding of the raw material, limestone, and then classified to the desired size without involving any chemical change in the process. In a magnified view, the distribution of particle sizes in a GCC is much broader than for a PCC of the same size, implying that there are many more large particles and many more small particles than in a PCC. The size of the largest of the particles (the ""top size"") is much greater for a GCC than for a PCC, thus making GCC a less refined version of Calcium carbonate. GCC is widely used as an industrial mineral is differentiated by three primary attributes - particle size, color and chemical purity. The mineral finds application in various industries based on its quality and suitability of use. Latest Trends in Ground Calcium Carbonate Market Growing Usage of Calcium Carbonate as Industrial Filler: Industrial filler has been the top and continuously growing application for calcium carbonate. Finely ground calcium carbonate is used as a filler in plastics, paints, and paper to improve aesthetics, and functionality and to save on filling costs. Calcium carbonate consumption as the filler has the potential to exceed calcium carbonate used as a dimension stone, in a few key markets. The most abundant sources of carbonate mineral fillers are the reserves of white marble. The most important attributes of carbonate fillers that decide their usefulness in industrial applications are particle size, brightness (whiteness), and chemical purity. Fillers were earlier used to substitute costlier materials in paint or polymers in rubbers or plastics. Currently, they are being used to add stiffness, color, opacity, or other required qualities to a product. Innovative technologies allowing the usage of GCC in new applications without altering the originality and functionality are aiding further penetration of GCC. Driving Factors Increase in Demand from the Construction and Infrastructure Sector: Robust development in construction and infrastructure activities across the world is generating demand for paints, coatings, adhesives, ceramics and various other polymers and concretes. These end-users are further deriving demand for ground calcium carbonate materials. Increasing Population, growing urbanization and fast-developing economies, especially in Asia and the Middle East, have led to growth in the need for infrastructure. Huge developments in infra projects and high-rise apartments necessitate lightweight and cost-effective options. Ground Calcium Carbonate is evolving robustly to match those requirements precisely. Market Challenges Environmental hazards of limestone mining: Limestone mining can disturb groundwater conditions. Limestone deposits frequently arise in association with karst, a landscape where limestone gradually dissolves underground. The deposits result in caves, sinkholes, and areas of rock ruptures that create underground drainage areas. Mining in karst can disturb natural aquifers and alter the flow of the underground water. Excavating operations often remove ground water to expose the mining site; this can decrease the level of the water table and alter water flows through rock formations. Streams and rivers can be changed when mines pump excess water from a limestone quarry into natural downstream channels. This increases the danger of flooding and any pollutants or alterations in water quality disturb the surface water. Companies Mentioned J.M. Huber Corporation Mississippi Lime Company Imerys Omya AG Minerals Technologies Inc. Mississippi Lime Company Carmeuse Shiraishi Kogyo Kaisha, Ltd. Maruo Calcium Co. Ltd. Okutama Kogyo Co., Ltd. Newpark Resources, Inc. *The companies above are listed in no particular order. Report Scope Details Market Value- $ Million,2024 22,357 Market Growth (Value), (2024-2031)- % 5.83 Leading Region Xx Base Year 2023 Forecast Period 2024 to 2031 Segments Covered By Form, By End Use Geography Covered North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa

Published:Feb-2025
Propyl Gallate Market Outlook Report

Propyl Gallate Market Overview Propyl gallate (n-propyl 3,4,5-trihydroxybenzoate, PG) is an ester formed by propanol and gallic acid condensation. It is an important synthetic substance widely used in cosmetics, foods, pharmaceuticals, and other fields. Also, it is used as an effective antioxidant in cosmetics to stabilize vitamins, essential oils, perfumes, fats and oils. China is still the world's largest propyl gallate production region; because of the limit of the raw material, only a few companies in the world are mainly distributed in China.The global propyl gallate market is mainly attributed to factors such as the rising use of cosmetics, rapid growth of the pharmaceutical industry & food & beverage industry, growing population, and changing lifestyles. According to the FDA, propyl gallate is safe for human consumption. The rising market of processed and convenience food in the food industry in several less developed countries globally is driving the market's growth. Latest Trends in Propyl Gallate Market Increasing Propyl Gallate Demand for Processed Food: The rising consumption of packaged food is estimated to boost the global propylgallate market during the forecast period. At present, antioxidants continue to gain momentum in the food & beverage industry and are considered an important additive. The growing demand and consumption of processed foods, which widely contain antioxidant compounds, has driven the market growth. Propyl gallate prevents oxidation and extends the shelf-life of the food. The rising working population and the fast-paced lifestyle of people have led to their surging reliance on processed foods. Further, functional foods are becoming more in demand, and consumers demand high-protein, nutritionally rich superfoods. These factors influenced manufacturers to develop innovative products and adopt new technologies. As developing economies like China and India grow and attain high disposable income, their demand for food antioxidants & additives is rising. The demand for propyl gallate food antioxidants is expected to grow modestly in early adopting countries such as Japan and Germany and exponentially in new & emerging markets such as Thailand, Malaysia, and other Asian countries. Driving Factors Increasing Propyl Gallate Demand for Processed Food: The rising consumption of packaged food is estimated to boost the global propyl gallate market during the forecast period. At present, antioxidants continue to gain momentum in the food & beverage industry and are considered an important additive. The growing demand and consumption of processed foods, which widely contain antioxidant compounds, has driven the market growth. Propyl gallate prevents oxidation and extends the shelf-life of the food. The rising working population and the fast-paced lifestyle of people have led to their surging reliance on processed foods. Further, functional foods are becoming more in demand, and consumers demand high-protein, nutritionally rich superfoods. These factors influenced manufacturers to develop innovative products and adopt new technologies. Market Challenges Availability of Bio-Based Antioxidants & Other Substitutes: The other alternatives of propyl gallate include octyl gallate, methyl gallate, dodecyl gallate, ethyl gallate, and others. Propyl gallate is an irritant to the skin and eyes and a dermal sensitizer. Exposure via inhalation is possible, and it is considered a hazard. The use of the additive in animal nutrition does not pose a risk to the environment. Propyl gallate has, until recently, been used as a major antioxidant in fatty food and, in the cosmetic industry, in the manufacture of cosmetic products. Propyl gallate has a high sensitizing potential; however, the frequency of allergic contact dermatitis from antioxidants of the gallate type was surprisingly low. Nevertheless, a concomitant reduction of propyl gallate as an antioxidant in food, with oral tolerance being less likely to develop, may also contribute to the increasing trend of allergic contact dermatitis caused by propyl gallate. Companies Mentioned Wufeng Chicheng Biotech Co., Ltd. Hunan Linong Technology Co., Ltd. Leshan Sanjiang Bio-Tech Co., Ltd. Tianxin Medical & Chemical Industry, Co., Ltd. Wenzhou Ouhai Fine Chemicals, Ltd. REXLER. Thermo Fisher Scientific Inc. Tokyo Chemical Industry Co., Ltd. (TCI) Alfa Aesar BASF SE Gallochem Co., Ltd. Haihang Industry Impextraco Kemin Industries *The companies above are listed in no particular order. Report Scope Details Market Value- $ Million,2024 53.6 Market Growth (Value), (2024-2031)- % 5.6 Leading Region Xx Base Year 2023 Forecast Period 2024 to 2031 Segments Covered By Raw Material, By Grade, By End Use Geography Covered North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa

Published:Feb-2025
Epoxy Curing Agents Market Analysis and Outlook Report: Industry Size, Share, Growth Trends, and Forecast (2025-2032)

The Epoxy Curing Agents Market has witnessed significant growth in recent years, driven by the rising demand for high-performance coatings, adhesives, and composites across industries such as construction, automotive, aerospace, and electronics. Epoxy curing agents play a crucial role in enhancing the mechanical, thermal, and chemical resistance properties of epoxy resins, making them indispensable in industrial applications. The growing emphasis on sustainability has also led to the development of eco- friendly and low-volatile organic compound (VOC) curing agents, which are increasingly being adopted in various sectors. With expanding infrastructure projects, rapid industrialization, and technological advancements, the market is poised for steady growth in the coming years. Additionally, the rise of electric vehicles (EVs) and renewable energy installations is expected to further boost the demand for advanced epoxy-based materials. Market Developments in 2024 In 2024, the epoxy curing agents market experienced robust growth, supported by increasing construction activities and infrastructure development worldwide. Governments and private investors ramped up spending on smart cities, green buildings, and energy-efficient structures, all of which require durable and high-strength epoxy-based materials. The electronics industry also played a crucial role, with the surge in demand for consumer electronics, circuit boards, and semiconductor packaging. Additionally, stringent environmental regulations led to increased investments in bio-based and waterborne epoxy curing agents, driving innovation among manufacturers. Key players in the industry focused on strategic collaborations and product launches to expand their market footprint, catering to the growing demand for sustainable and high-performance epoxy formulations. Expected Development in 2025 Looking ahead to 2025 and beyond, the epoxy curing agents market is expected to witness further advancements in technology, with a strong focus on sustainability and energy efficiency. The developmentof bio-based curing agents derived from renewable sources will gain momentum, catering to the increasing demand for environmentally friendly solutions. Additionally, the rise of Industry 4.0 and the adoption of smart manufacturing processes will enhance production efficiency and customization in epoxy formulations. The expanding EV sector, particularly in Asia-Pacific and Europe, will continue to drive the need for lightweight and high-strength epoxy composites. Furthermore, as offshore wind farms and solar power projects expand, demand for corrosion-resistant and weatherproof epoxy coatings will surge. While economic uncertainties and fluctuating raw material costs may pose challenges, continuous R&D efforts and strategic investments will support the long-term growth of the market. Notable Trends and Drivers: • Sustainability and Bio-based Solutions – With increasing environmental concerns, manufacturers are investing in bio-based and low-VOC epoxy curing agents, aligning with global regulatory requirements and sustainability goals. • Advanced Composites in EVs and Aerospace – The growing adoption of epoxy-based lightweight composites in electric vehicles and aerospace applications is driving innovation in high- performance curing agents. • Rising Construction and Infrastructure Development – The expansion of smart cities, energy- efficient buildings, and large-scale infrastructure projects worldwide is fueling demand for durable and high-strength epoxy formulations. • Growth in Electronics and Semiconductor Industry – The increasing use of epoxy curing agents in circuit boards, semiconductor packaging, and electronic components is accelerating market growth.

Published:Apr-2025
Resources
Company
Sign up for Offers & Promotions
Company Logo
Copyright © 2025 OG Analysis Limited. All Rights Reserved.

Designed and Developed by Aurora e-Labs