Global Titanium Market Overview

Global titanium market has witnessed growth on account of the increase in production of new aircraft, the rise in defence products, and the increase in automotive production. An increase in the population using passenger aircraft, innovative product development, mode of transport, increase in the electric vehicle, growing affordability along with increasing income, and increasing demand for SUVs and lightweight vehicles leads are expected to propel the demand for the market.

According to 6Wresearch, Global Titanium Market size is anticipated to register growth during 2020-2026. The introduction of new production facilities in China is also expected to proliferate the production rate of titanium. The sulphate process is expensive owing to rising environmental issues. Moreover, the carbo-chlorination is costlier but environment friendly which will further shift the market towards the sulphate process. This will also create transitioning issues for companies. The outbreak of COVID-19 negatively impacted the construction sector owing to causing a shortage in labour and disruption in the supply chain. The slower completion of projects owing to the unavailability of raw materials and higher material costs hampered the development of the market.

Market Analysis by Region

On the basis of region, Asia Pacific accounted for the highest revenue share in the overall Titanium Market. Moreover, China is the largest contributor on the back of rising demand from the chemical, high-end aerospace, medical and environmental protection sector.

Key Highlights of The Reports

  • Global Titanium Market Outlook
  • Global Titanium Market Overview
  • Global Titanium Market Trends
  • Global Titanium Market Forecast
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Market Drivers and Restraints
  • Industry Life Cycle
  • Global Titanium Market Share, By Players
  • Competitive Benchmarking
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Titanium Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Titanium Market

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