Aerospace Titanium Market Report 2025

The aerospace titanium market size has grown strongly in recent years. It will grow from $3 billion in 2024 to $3.24 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to military aircraft demand, space exploration, air traffic growth, environmental concerns, research and development investments.

The aerospace titanium market size is expected to see strong growth in the next few years. It will grow to $4.3 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rise of urban air mobility (UAM), adoption of digital technologies, sustainable aviation, smart manufacturing, global defense modernization. Major trends in the forecast period include customization, integration of nanotechnology, rise of unmanned aerial vehicles (UAVs), increased outsourcing, increased use of data analytics.

Rising military expenditures are anticipated to drive growth in the aerospace titanium market moving forward. Military spending refers to the funds allocated by a government to equip its military with weapons, equipment, and personnel. Aerospace titanium is widely used in aircraft, armor plating, naval ships, spacecraft, and missiles due to its high strength-to-weight ratio, excellent corrosion resistance, and capacity to withstand elevated temperatures without deforming. For example, in April 2024, the Stockholm International Peace Research Institute (SIPRI), a Swedish-based NGO, reported that global military spending reached $2.443 trillion in 2023, reflecting a 6.8% increase in real terms over 2022. Thus, increased military spending is driving the expansion of the aerospace titanium market.

The aerospace titanium market is poised for growth owing to the escalating demand for commercial aircraft in the foreseeable future. Commercial aircraft, which serve the purpose of transporting passengers, cargo, or both, are benefiting from this surge in demand. Aerospace titanium, renowned for its exceptional properties such as robust strength-to-weight ratio, corrosion resistance, temperature resilience, and fatigue resistance, stands as a pivotal material in the construction of these aircraft. As disclosed by Airbus SE, a Netherlands-based aircraft manufacturer, the commercial aviation sector experienced a notable upswing in 2022. The year witnessed the delivery of 661 aircraft, marking an 8% increase from the 611 delivered in 2021. Moreover, there was a substantial surge in new orders, with 820 net commercial aircraft orders in 2022 compared to 507 in the preceding year. This surge in demand for commercial aircraft serves as a driving force behind the burgeoning growth of the aerospace titanium market.

Leading companies in the aerospace titanium market are concentrating on developing innovative products, including high-strength aluminum and titanium alloys, to enhance aircraft performance, reduce weight, and improve fuel efficiency. High-strength aluminum and titanium alloys are advanced materials engineered to provide excellent strength-to-weight ratios, making them suitable for aerospace applications. These alloys offer superior durability, corrosion resistance, and the capacity to endure extreme conditions. For example, in July 2024, Bright Laser Technologies Co., Ltd., a manufacturing company based in China, introduced two advanced materials: BLT-AlAM500, a high-strength aluminum alloy, and BLT-Ti65, a high-temperature titanium alloy, aimed at improving performance in various demanding applications, particularly in aerospace. BLT-AlAM500 is designed for additive manufacturing, featuring tensile strengths between 530 and 550 MPa and exceptional fracture toughness, making it ideal for aerospace and automotive applications. Its optimized manufacturing process can reduce costs by up to 50%, facilitating the production of lightweight, complex components. Meanwhile, BLT-Ti65, a high-temperature titanium alloy, retains strength and stability at temperatures up to 650 °C, making it suitable for aerospace and chemical industries.

Prominent entities within the aerospace titanium market are actively introducing cutting-edge technologies aimed at optimizing aerospace titanium manufacturing processes to drive market profitability. These manufacturing technologies encompass advanced methodologies and systems that facilitate the efficient and precise production of titanium components specifically tailored for aerospace applications. A case in point is GKN Aerospace, a UK-based provider of automotive and aerospace components, which unveiled Cell3 in June 2023 - the most extensive pre-production cell globally for additive manufacturing. This groundbreaking technology by GKN Aerospace features a 20KW laser, 10-axis motion capabilities, and a sizable inert environment. With a substantial substrate size of 5.6m x 2.5m and flexible deposition options, this titanium additive manufacturing cell is tailored for Defense and Civil platform parts. The integration of GKN Aerospace's state-of-the-art technology and ongoing product development is significantly expedited through this equipment, offering a sustainable alternative, particularly within civil applications. Notably, the LMD-w method employed by this technology proves transformative, enabling swifter component production while considerably reducing material wastage.

In November 2022, Curtiss-Wright Corporation, a US-based aviation firm known for its advanced sensors, controls, sub-systems, and mission-critical components, acquired Keronite Group Limited for an undisclosed sum. This acquisition is intended to strengthen Curtiss-Wright Corporation's surface treatment capabilities and promote long-term growth in the aerospace and defense industries. Keronite Group Limited, a UK-based company in the aerospace and defense sector, enhances aerospace titanium components through innovative surface treatments that boost durability and performance.

Major companies operating in the aerospace titanium market include Aperam Ltd., GE Aviation, Precision Castparts Corporation, Allegheny Technologies Incorporated, GKN Aerospace Services Limited, Carpenter Technology Corporation, VSMPO-AVISMA Corporation, Montana Aerospace AG, Baoji Titanium Industry Co. Ltd., Kobelco Group Ltd., Ducommun Incorporated, Kaman Corporation, Toho Titanium Co., Haynes International Ltd., Bralco Metals Inc., Metalex Co. Ltd., EDAC Technology Corp., Plymouth Tube Company, Acnis International, Gould Alloys Limited, Supra Alloys Inc., Weldaloy Specialty Forgings Company, Norsk Titanium US Inc., Titanium Metals Corporation, RMI Titanium Company Inc., Admat Inc.

North America was the largest region in the aerospace titanium market in 2024. The regions covered in the aerospace titanium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aerospace titanium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aerospace titanium denotes titanium utilized in various aerospace applications such as aircraft, armor plating, naval ships, spacecraft, and missiles. Its popularity stems from its exceptional characteristics, including a remarkable tensile strength-to-density ratio, excellent resistance to corrosion, and the capability to withstand elevated temperatures without experiencing creep.

The primary varieties of aerospace titanium encompass TC4, TC6, TC16, Ti555, and several additional types. TC4, for instance, maintains a grade level of 0.008 under nominal load, 0.02 at a 10% overload, and 0.05 at a 20% overload. These titanium alloys fall into three categories such as alpha, alpha+beta, and beta alloys. Moreover, these aerospace titanium variations find application in diverse aircraft categories such as commercial aircraft, regional aircraft, general aviation, helicopters, and military aircraft. They serve crucial roles in structural airframes, engines, and various other aviation-related applications.

The aerospace titanium market research report is one of a series of new reports that provides aerospace titanium market statistics, including aerospace titanium industry global market size, regional shares, competitors with an aerospace titanium market share, detailed aerospace titanium market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace titanium industry. This aerospace titanium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market consists of sales of commercially pure titanium and titanium alloys. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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