GITNUX MARKETDATA REPORT 2024

Titanium Industry Statistics

The titanium industry is projected to experience steady growth due to increasing demand from sectors such as aerospace, automotive, and medical devices.

With sources from: rbth.com, pubchem.ncbi.nlm.nih.gov, pubs.usgs.gov, fotivda.com and many more

Statistic 1

As of 2020, the global titanium dioxide market size was valued at $15.76 billion.

Statistic 2

The titanium dioxide market is expected to reach $24.64 billion by 2025.

Statistic 3

The global titanium market size was valued at $5.1 billion in 2019.

Statistic 4

The titanium market is expected to reach $7.6 billion by 2027.

Statistic 5

The estimated compound annual growth rate (CAGR) of the titanium market from 2020 to 2027 is 3.6%.

Statistic 6

Approximately 95% of titanium is consumed in the form of titanium dioxide.

Statistic 7

China is the leading producer of titanium concentrate, providing almost half of world production in 2020.

Statistic 8

Pure titanium is less abundant in the Earth's crust compared to aluminum and iron, ranked the 10th most abundant element by the crust’s mass.

Statistic 9

In 2020, China produced 1,200,000 metric tons of titanium.

Statistic 10

In 2018, South Africa was the second-largest titanium mineral concentrate producer in the world.

Statistic 11

Titanium dioxide contributes to almost half the total global titanium usage.

Statistic 12

In 2018, nearly 6.1 million metric tons of titanium dioxide was produced globally.

Statistic 13

Over 90% of titanium ore is processed into titanium dioxide pigment.

Statistic 14

By 2023, the worldwide aerospace titanium market is expected to reach an estimated $5.4 billion.

Statistic 15

In 2021, global titanium mill products demand was estimated to be 113,000 metric tons.

Statistic 16

The USGS estimated that world titanium mineral concentrate production was 6.3 million tons in 2016.

Statistic 17

Russia’s titanium industry is the second largest in the world after the U.S.

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In this post, we will explore the latest statistics and trends in the global titanium industry, shedding light on key market sizes, production figures, and leading players. From the growth projections to the geographical distribution of production, these statistics provide valuable insights into the dynamics shaping the titanium market landscape.

Statistic 1

"As of 2020, the global titanium dioxide market size was valued at $15.76 billion."

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Statistic 2

"The titanium dioxide market is expected to reach $24.64 billion by 2025."

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Statistic 3

"The global titanium market size was valued at $5.1 billion in 2019."

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Statistic 4

"The titanium market is expected to reach $7.6 billion by 2027."

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Statistic 5

"The estimated compound annual growth rate (CAGR) of the titanium market from 2020 to 2027 is 3.6%."

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Statistic 6

"Approximately 95% of titanium is consumed in the form of titanium dioxide."

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Statistic 7

"China is the leading producer of titanium concentrate, providing almost half of world production in 2020."

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Statistic 8

"Pure titanium is less abundant in the Earth's crust compared to aluminum and iron, ranked the 10th most abundant element by the crust’s mass."

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Statistic 9

"In 2020, China produced 1,200,000 metric tons of titanium."

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Statistic 10

"In 2018, South Africa was the second-largest titanium mineral concentrate producer in the world."

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Statistic 11

"Titanium dioxide contributes to almost half the total global titanium usage."

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Statistic 12

"In 2018, nearly 6.1 million metric tons of titanium dioxide was produced globally."

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Statistic 13

"Over 90% of titanium ore is processed into titanium dioxide pigment."

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Statistic 14

"By 2023, the worldwide aerospace titanium market is expected to reach an estimated $5.4 billion."

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Statistic 15

"In 2021, global titanium mill products demand was estimated to be 113,000 metric tons."

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Statistic 16

"The USGS estimated that world titanium mineral concentrate production was 6.3 million tons in 2016."

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Statistic 17

"Russia’s titanium industry is the second largest in the world after the U.S."

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Interpretation

The statistics presented reveal a positive outlook for the titanium industry, with significant growth expected in both the titanium dioxide and pure titanium markets. The increasing demand for titanium dioxide, particularly in sectors like aerospace, is driving market expansion, while China remains a dominant player in titanium production. Pure titanium's scarcity compared to other elements highlights its value, and the industry's global landscape reflects a diverse range of producers. With steady growth projections and a strong market presence from key players, the titanium industry is poised for continued success in the coming years.

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