Titanium Powder Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Titanium Powder Market Size and Forecasts (2021 - 2031), Global and Regional Growth Opportunity Analysis, and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00003594
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET ANALYSIS

Titanium powder is a type of powder made from titanium metal. The powder's colour changes from Gray to black, and it has the same features as the material in its solid form. The powder is widely used in space, missile, transport, and chemical processing industries to create high-performance, lightweight parts. Some of the operations used to transform the powder into usable parts include powder injection moulding and laser-engineered net shaping. The titanium powder is known for its exceptional strength such as light weight and corrosion resistance, making it valuable materials in various industries.

GROWTH DRIVERS AND CHALLENGES

Surging focus on R & D and innovation in the field of healthcare and medicine is expected to foster lucrative demand for titanium powder. The medical sector is undergoing a radical transformation with growing emphasis on high-performance technological interventions and state of art medicinal equipment. Over the past few decades, titanium has emerged as a promising metal candidate in the medical and dental use case due to its exceptional strength-to-weight ratio, corrosion resistance, and high fatigue limit as compared to different metals, such as stainless steel. The ongoing breakthroughs in the development of low-cost titanium for medical and dental devices to offer more affordable, durable, and longer shelf-life benefits will compliments the titanium powder growth. On the contrary, the increasing concerns associated with machinery difficulties of titanium can have a negative effect on the titanium powder market value. Titanium is a poor heat conductor, necessitating a massive amount of coolant throughout processing. Additionally, titanium is highly reactive and must be operated carefully while avoiding contact with external phenomena. Under tool pressure, titanium is bound to deflect owing to low modulus of elasticity, increasing the risk of damage and excessive heat generation, negatively influencing the titanium market expansion.

REPORT SEGMENTATION AND SCOPE

The "Global Titanium Powder Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global titanium powder market trends and growth opportunities. The report aims to provide an overview of the global titanium powder market with detailed market segmentation by product type, end use industry, and geography. The global titanium powder market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of titanium powder worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the titanium powder market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the titanium powder market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative titanium powder market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global titanium powder market, which helps understand the entire supply chain and various factors affecting the market growth.  

SEGMENTAL ANALYSIS

The global titanium powder market is segmented based on product type and end use industry.  Based on product type, the titanium powder market is classified as high purity titanium powder (CPTP) and alloyed titanium powder (ATP). The titanium powder market is categorized based on end use industry into aerospace, automobile, petrochemical, and other.         

Based on product type, the high purity titanium powder (CPTP) segment accounted for a significant titanium powder market share.  High purity titanium powder got a purity level of 99% or even 99.5%. This high level of purity is desirable in industries where stringent quality requirements are necessary, such as aerospace, medical, and electronics. The features of high purity titanium powder, such as high purity level, excellent biocompatibility, enhanced mechanical properties, customization possibilities, etc., make it a valuable material for critical applications, thereby driving the titanium powder market growth.   

REGIONAL ANALYSIS

The report provides a detailed overview of the global titanium powder market with respect to five major regions, namely: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is anticipated to account for a significant revenue share in the global titanium powder market, due to the rise in defence expenditure, high titanium production, large consumer base, and growth in the development of end-use industries in the region. Additionally, the region’s favourable government policies, investment in R & D, and growing investment in additive manufacturing technologies are further accentuating the growth of the titanium powder market in the Asia Pacific.  Moreover, increasing emphasis on sustainable and lightweight materials in industries aligns with the advantages of titanium powder, further driving its adoption in the region.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnership, acquisitions, and new product launches were found to be the major strategies adopted by the players operating in the global titanium powder market.

  • In September 2022, IperionX has announced to build the world’s largest 100% recycled titanium metal powder facility by 2025.  

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The COVID-19 crisis negatively affected the titanium powder market dynamics with unprecedented supply chain disruptions. The emergence of the pandemic introduced novel challenges for manufacturing facilities in performing routine operations. Due to lockdown restrictions, social distancing, and capacity restraints, several manufacturing units were forced to work in a limited capacity or shut down operations temporarily. This scenario led to a sudden drop in demand for titanium powder across different end-user sectors, including aerospace, automobile, and healthcare. Furthermore, pandemic-driven inflation and skyrocketing metal prices escalated the existing hindrances.  

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the titanium powder market include, ADMA Products, Inc., AMETEK Inc., ATI Technologies, Carpenter Technology Corporation, AMG ADVANCED METALLURGICAL GROUP N.V., Global Titanium Inc., OSAKA Titanium Technologies Co., Ltd., Kymera International, Sandvik AB, General Electric Company, Metalysis, Titomic, Höganäs AB, Kamman Group, Coogee Titanium, and IperionX’s. among others. 


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REGIONAL FRAMEWORK
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Titanium Powder Market - By Product Type
1.3.2 Titanium Powder Market - By Application
1.3.3 Titanium Powder Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. TITANIUM POWDER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TITANIUM POWDER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TITANIUM POWDER MARKET - GLOBAL MARKET ANALYSIS
6.1. TITANIUM POWDER - GLOBAL MARKET OVERVIEW
6.2. TITANIUM POWDER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TITANIUM POWDER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HIGH PURITY TITANIUM POWDER (CPTP)
7.3.1. Overview
7.3.2. High Purity Titanium Powder (CPTP) Market Forecast and Analysis
7.4. ALLOYED TITANIUM POWDER (ATP)
7.4.1. Overview
7.4.2. Alloyed Titanium Powder (ATP) Market Forecast and Analysis
8. TITANIUM POWDER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AEROSPACE INDUSTRY
8.3.1. Overview
8.3.2. Aerospace Industry Market Forecast and Analysis
8.4. AUTOMOBILE INDUSTRY
8.4.1. Overview
8.4.2. Automobile Industry Market Forecast and Analysis
8.5. PETROCHEMICAL INDUSTRY
8.5.1. Overview
8.5.2. Petrochemical Industry Market Forecast and Analysis
8.6. OTHER
8.6.1. Overview
8.6.2. Other Market Forecast and Analysis
9. TITANIUM POWDER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Titanium Powder Market Overview
9.1.2 North America Titanium Powder Market Forecasts and Analysis
9.1.3 North America Titanium Powder Market Forecasts and Analysis - By Product Type
9.1.4 North America Titanium Powder Market Forecasts and Analysis - By Application
9.1.5 North America Titanium Powder Market Forecasts and Analysis - By Countries
9.1.5.1 United States Titanium Powder Market
9.1.5.1.1 United States Titanium Powder Market by Product Type
9.1.5.1.2 United States Titanium Powder Market by Application
9.1.5.2 Canada Titanium Powder Market
9.1.5.2.1 Canada Titanium Powder Market by Product Type
9.1.5.2.2 Canada Titanium Powder Market by Application
9.1.5.3 Mexico Titanium Powder Market
9.1.5.3.1 Mexico Titanium Powder Market by Product Type
9.1.5.3.2 Mexico Titanium Powder Market by Application
9.2. EUROPE
9.2.1 Europe Titanium Powder Market Overview
9.2.2 Europe Titanium Powder Market Forecasts and Analysis
9.2.3 Europe Titanium Powder Market Forecasts and Analysis - By Product Type
9.2.4 Europe Titanium Powder Market Forecasts and Analysis - By Application
9.2.5 Europe Titanium Powder Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Titanium Powder Market
9.2.5.1.1 Germany Titanium Powder Market by Product Type
9.2.5.1.2 Germany Titanium Powder Market by Application
9.2.5.2 France Titanium Powder Market
9.2.5.2.1 France Titanium Powder Market by Product Type
9.2.5.2.2 France Titanium Powder Market by Application
9.2.5.3 Italy Titanium Powder Market
9.2.5.3.1 Italy Titanium Powder Market by Product Type
9.2.5.3.2 Italy Titanium Powder Market by Application
9.2.5.4 United Kingdom Titanium Powder Market
9.2.5.4.1 United Kingdom Titanium Powder Market by Product Type
9.2.5.4.2 United Kingdom Titanium Powder Market by Application
9.2.5.5 Russia Titanium Powder Market
9.2.5.5.1 Russia Titanium Powder Market by Product Type
9.2.5.5.2 Russia Titanium Powder Market by Application
9.2.5.6 Rest of Europe Titanium Powder Market
9.2.5.6.1 Rest of Europe Titanium Powder Market by Product Type
9.2.5.6.2 Rest of Europe Titanium Powder Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Titanium Powder Market Overview
9.3.2 Asia-Pacific Titanium Powder Market Forecasts and Analysis
9.3.3 Asia-Pacific Titanium Powder Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Titanium Powder Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Titanium Powder Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Titanium Powder Market
9.3.5.1.1 Australia Titanium Powder Market by Product Type
9.3.5.1.2 Australia Titanium Powder Market by Application
9.3.5.2 China Titanium Powder Market
9.3.5.2.1 China Titanium Powder Market by Product Type
9.3.5.2.2 China Titanium Powder Market by Application
9.3.5.3 India Titanium Powder Market
9.3.5.3.1 India Titanium Powder Market by Product Type
9.3.5.3.2 India Titanium Powder Market by Application
9.3.5.4 Japan Titanium Powder Market
9.3.5.4.1 Japan Titanium Powder Market by Product Type
9.3.5.4.2 Japan Titanium Powder Market by Application
9.3.5.5 South Korea Titanium Powder Market
9.3.5.5.1 South Korea Titanium Powder Market by Product Type
9.3.5.5.2 South Korea Titanium Powder Market by Application
9.3.5.6 Rest of Asia-Pacific Titanium Powder Market
9.3.5.6.1 Rest of Asia-Pacific Titanium Powder Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Titanium Powder Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Titanium Powder Market Overview
9.4.2 Middle East and Africa Titanium Powder Market Forecasts and Analysis
9.4.3 Middle East and Africa Titanium Powder Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Titanium Powder Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Titanium Powder Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Titanium Powder Market
9.4.5.1.1 South Africa Titanium Powder Market by Product Type
9.4.5.1.2 South Africa Titanium Powder Market by Application
9.4.5.2 Saudi Arabia Titanium Powder Market
9.4.5.2.1 Saudi Arabia Titanium Powder Market by Product Type
9.4.5.2.2 Saudi Arabia Titanium Powder Market by Application
9.4.5.3 U.A.E Titanium Powder Market
9.4.5.3.1 U.A.E Titanium Powder Market by Product Type
9.4.5.3.2 U.A.E Titanium Powder Market by Application
9.4.5.4 Rest of Middle East and Africa Titanium Powder Market
9.4.5.4.1 Rest of Middle East and Africa Titanium Powder Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Titanium Powder Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Titanium Powder Market Overview
9.5.2 South and Central America Titanium Powder Market Forecasts and Analysis
9.5.3 South and Central America Titanium Powder Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Titanium Powder Market Forecasts and Analysis - By Application
9.5.5 South and Central America Titanium Powder Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Titanium Powder Market
9.5.5.1.1 Brazil Titanium Powder Market by Product Type
9.5.5.1.2 Brazil Titanium Powder Market by Application
9.5.5.2 Argentina Titanium Powder Market
9.5.5.2.1 Argentina Titanium Powder Market by Product Type
9.5.5.2.2 Argentina Titanium Powder Market by Application
9.5.5.3 Rest of South and Central America Titanium Powder Market
9.5.5.3.1 Rest of South and Central America Titanium Powder Market by Product Type
9.5.5.3.2 Rest of South and Central America Titanium Powder Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TITANIUM POWDER MARKET, KEY COMPANY PROFILES
11.1. ADMA PRODUCTS, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AMETEK INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ATI
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CARPENTER TECHNOLOGY CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CRISTAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GFE GESELLSCHAFT FüR ELEKTROMETALLURGIE MBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GLOBAL TITANIUM INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OSAKA TITANIUM TECHNOLOGIES CO.,LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TIPRO INTERNATIONAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TLS TECHNIK GMBH & CO. SPEZIALPULVER KG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

1. ADMA Products, Inc.
2. AMETEK Inc.
3. ATI
4. Carpenter Technology Corporation
5. CRISTAL
6. GfE Gesellschaft für Elektrometallurgie mbH
7. Global Titanium Inc.
8. OSAKA Titanium Technologies Co.,Ltd.
9. TIPRO INTERNATIONAL
10. TLS Technik GmbH & Co. Spezialpulver KG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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