Market Overview

The Global Titanium Alloy Market was valued at USD 4,892.1 million in 2023 and is expected to reach USD 7,738.5 million by 2031 while growing at a CAGR of 5.9% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global titanium alloy market growth. A titanium alloy is a metallic material primarily made of titanium, with intentionally added elements to enhance properties. Titanium, known for its strength, lightweight nature, and excellent corrosion resistance, is widely used across industries. However, to meet specific requirements, titanium alloys are developed by combining titanium with other elements.

Increasing aerospace industry growth and industrial/chemical applications propel the titanium alloy market. However, challenges like high production costs and limited raw material availability may impede market expansion.

Furthermore, the global titanium alloy industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Microstructure Analysis

The Global Titanium Alloy Market is segmented among Alpha and Near-alpha Alloy, Alpha-beta Alloy, and Beta Alloy, based on Microstructure. In 2023, Alpha and Near-alpha Alloy accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Titanium Alloy Market is segmented among Aerospace, Automotive and Shipbuilding, Chemical, Power and Desalination, and Others, based on End-user Industry. In 2023, Aerospace accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Titanium Alloy Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are AMG Advanced Metallurgical Group N.V., ATI, BRISMET, CRS Holdings, LLC., Daido Steel Co., Ltd., Eramet, Hermith GmbH, Howmet Aerospace, KOBE STEEL, LTD., M/s Bansal Brothers. 

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Titanium Alloy Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Titanium Alloy Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Titanium Alloy Market Segmentation, By Microstructure 

• Global Titanium Alloy Market Share Analysis, By Microstructure 

• Global Titanium Alloy Market Growth Analysis, By Microstructure 

• Global Titanium Alloy Market Trends, By Microstructure 

o Alpha and Near-alpha Alloy

o Alpha-beta Alloy

o Beta Alloy

6. Global Titanium Alloy Market Segmentation, By End-user Industry

• Global Titanium Alloy Market Share Analysis, By End-user Industry

• Global Titanium Alloy Market Growth Analysis, By End-user Industry

• Global Titanium Alloy Market Trends, By End-user Industry

o Aerospace

o Automotive and Shipbuilding

o Chemical

o Power and Desalination

o Other

7. Global Titanium Alloy Market Segmentation, By Region

• Global Titanium Alloy Market Share Analysis, By Region

• Global Titanium Alloy Market Growth Analysis, By Region

• Global Titanium Alloy Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• AMG Advanced Metallurgical Group N.V.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• ATI 

• BRISMET

• CRS Holdings, LLC.

• Daido Steel Co Ltd.

• Eramet

• Hermith GmbH

• Howmet Aerospace

• KOBE STEEL, LTD.

• M/s Bansal Brothers

 *Similar analysis will be provided for each company listed above.