Titanium Market Report 2026

The titanium market size has grown strongly in recent years. It will grow from $28.2 billion in 2025 to $29.84 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to rising demand from aerospace and defense, adoption in medical implants, increasing use in chemical processing, growth in paints and coatings industry, expansion of industrial grade titanium applications.

The titanium market size is expected to see strong growth in the next few years. It will grow to $37.79 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growth in electric vehicle and automotive sectors, rising demand in renewable energy and power generation, innovations in titanium alloy development, expansion of high-purity titanium in electronics, increasing use in advanced aerospace manufacturing. Major trends in the forecast period include lightweight and high-strength alloy development, corrosion-resistant coatings and treatments, expansion in aerospace and defense applications, medical implant innovation using titanium, high-purity titanium production techniques.

The increasing use of titanium metal in the aerospace industry is expected to drive the growth of the titanium market in the coming years. Titanium metal is a lightweight, high-strength, and corrosion-resistant element widely used in aerospace, medical devices, and industrial manufacturing due to its excellent durability, heat resistance, and strength-to-weight ratio. Its use in aerospace is rising as aircraft manufacturers prioritize lightweight, high-strength materials to improve fuel efficiency and overall performance in modern aircraft. Titanium supports this trend by providing high-strength, heat-resistant materials that meet the stringent safety and performance requirements of aerospace applications. For example, in September 2024, the Aerospace Industries Association, a U.S.-based organization, reported that the U.S. aerospace and defense industry generated over $955 billion in sales in 2023, reflecting a 7.1% growth from the previous year. Consequently, the increasing use of titanium metal in aerospace is driving the growth of the titanium market.

Major companies in the titanium market are focusing on developing technologically advanced and innovative products to strengthen their market position. For example, in February 2023, Norsk Titanium, a Norway-based aerospace and defense parts manufacturer, launched its first additively manufactured near-net-shape titanium component for the semiconductor manufacturing industry. The 80 kg titanium carrier tray, developed in collaboration with Hittech Group, a Netherlands-based machinery company, replaces a forged plate and reduces raw material usage by 140 kg (64%) for semiconductors. This solution also allows customers to utilize their existing supply chains and expand current production capacity without additional capital investment.

In November 2024, IperionX Limited, a U.S.-based sustainable titanium supply chain developer, completed the acquisition of Breakthrough Titanium Technologies (originally from Blacksand Technology LLC) for approximately US $6 million. Through this acquisition, IperionX aimed to secure exclusive commercial rights to advanced titanium processing technologies, including low-carbon mineral enrichment, high-purity titanium dioxide production, and innovative metal refinement and forging processes, to accelerate the manufacturing of high-performance titanium materials within its integrated U.S. supply chain. Breakthrough Titanium Technologies is a U.S.-based provider of titanium technologies and intellectual property.

Major companies operating in the titanium market report are VSMPO AVISMA Corporation, Allianz Technologies Incorporated (ATI), Titanium Metals Corporation TIMET, National Titanium Dioxide Company Ltd., Osaka Titanium Technologies Co. Ltd., Toho Titanium Co. Ltd., Baoji Titanium Industry Co. Ltd., Global Titanium Inc., Norsk Titanium AS, VV Titanium Pigments Private Limited, Daido Steel Co. Ltd., Kobe Steel Ltd., AMG Advanced Metallurgical Group N.V., Otto Fuchs Company, Mishra Dhatu Nigam Limited, Howmet Aerospace Inc., Nippon Steel Corporation, Western Metal Materials Co. Ltd., Pangang Group Vanadium Titanium & Resources Co. Ltd., Western Superconducting Technologies Co. Ltd., Zunyi Titanium Co. Ltd., United Titanium Inc., Carpenter Technology Corporation, Timet Titanium Metals Corporation.

Asia-Pacific was the largest region in the titanium market in 2025. The regions covered in the titanium market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the titanium market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The titanium market consists of sales of titanium dioxide and titanium metal. 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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