According to a recent market study published by Growth Market Reports, titled, “Titanium Powder Market by Purity, by Distribution Channel, by Application, by End-use Industry, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 2,174.9 Million in 2022 and is anticipated to grow at a growth rate of 7.9% by the year 2031.

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Titanium powder is a fine-Gray metallic particles composed of titanium. The Kroll process, requires temperatures of up to 1040°C and comprises of several sub-processes. Moreover, the material is subjected to a number of procedures to eliminate impurities. Hydride-dihydride, titanium gas atomization, and plasma atomization processes and others are used for manufacturing titanium powder. Titanium powder is utilized to manufacture high-performance car components and lightweight aerospace parts.

Additionally, titanium-based powders have high biocompatibility, making them suitable for personalized medical and dental implants. It is also can be employed in additive manufacturing for metal 3D printing along with aluminium, stainless steel, maraging steel, nickel alloys, copper, etc. Similarly, Titanium powder plays a critical role in metal injection moulding and powder metallurgy.

The Titanium Powder market has been fragmented based on by purity, by distribution channel, by application, by end use industry and by region. By purity, the titanium powder market is categorized as below 99% and 99% & above. In terms of distribution channel, the market is categorized as manufacturers and distributors. Based on Application, the titanium powder market is categorized into Automotive Parts, Aerospace Components, Medical and Dental Implants, Industrial Tools and Others. On basis of End Use Industry, the titanium powder market is categorized into Aerospace and Defense, Chemical, Automotive, Medical and Healthcare, Industrial and Others. Based on the region, market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key factors that are anticipated to fuel the demand for titanium powder market during the forecast period are the increasing demand for lightweight materials being used in end-use industries, which includes the rail, ship, aviation, car, heavy truck, and defense industries. Light metals are often used in products and processes because of their improved performance and lighter weight. Such as titanium and its alloys offer outstanding corrosion resistance, exceptional fatigue qualities, and high strength-to-weight ratios. Additionally growing application of titanium in consumer electronics to boost the demand of titanium powder. Metal injection molding allows manufacturers in the consumer electronics industry to manufacture complex structures with extreme precision and compact parts that improve the operation and performance of electrical products. Fine titanium powders and polymer binder materials are combined in this process that is injected into a mold to get desired shape. The market for titanium powder is anticipated to be driven by the growing usage of lightweight materials by the automotive, aerospace, and other manufacturing industries in the coming years.

The outbreak of Coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. Titanium powder manufacturers faced operational challenges, due to lockdowns, social distancing, and workforce disruptions. These factors have reduced production output. The outbreak of COVID-19 is an unsurpassed public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to hamper various industries during the forecast period, especially across the US and countries across Eastern Europe, the European Union, and Eastern & Central Asia. The pandemic disrupted the global supply chain of production and distribution of titanium powder. Manufacturing facilities and raw material suppliers have faced temporary closures, labor shortages, and transportation challenges that delayed the production and delivery of titanium powder. The closures of end-use industries, such as automotive, aerospace and defense, chemical and others have decreased the demand for titanium powder.

As per growth market reports industry analyst Partha Paul, “The growth of the Titanium Powder Market is attributed to increasing production in additive manufacturing. The titanium powder market is expected to grow significantly, due to the rising demand for titanium powder in additive manufacturing to make intricate parts for use in the aerospace and medical sectors. Because of its outstanding strength-to-weight ratio and longevity, titanium powder is widely used in additive manufacturing. Most aircrafts use titanium to reduce weight, which further reduces the fuel consumption. Therefore, increasing penetration of additive manufacturing surges the demand for titanium powder.

A supply chain is a network of companies, suppliers, manufacturers, and distributors that are involved in the creation and sale of a product to the final buyers. This network includes different activities, information, entities, people, and resources. The titanium powder is manufactured using titanium sponge and titanium ingot. Titanium sponge is a porous form of titanium. Titanium ingots are crafted with an additional Kroll process. These materials are procured from raw material suppliers and stored at raw material warehouses or directly at manufacturing sites. Manufacturers receive and produce the components and quality checks are performed throughout the production process by manufacturers to ensure the quality of the product. Distributors store finished products in large inventories and are mediators in the supply chain. These local distributors sell products to their customers.

Key Takeaways from the Study:

  • The players in the titanium powder market include OSAKA Titanium Technologies Co.,Ltd., Toho Titanium Co., Ltd., GENERAL ELECTRIC, Sandvik AB, Höganäs AB, OC Oerlikon Management AG, ALTANA, Central Drug House, N B Enterprises and others held a major market share of the titanium powder market in the year 2022.

  • Based on purity, the titanium powder Market is categorized into below 99% and 99% & above. The 99% & above purity segment held significant market share in 2022 and is expected to expand at a CAGR for forecast period at exponential rate, due to its biocompatibility and resistance to corrosion. This makes it suitable for use in biomedical applications, thereby boosting the segment.

  • Based on distribution channel, the global titanium powder market is categorized into manufacturers and distributors. The distributors segment held significant market share in 2022. Distributors provide a large range of titanium powder options, providing end users with access to a wide selection of products and brands. Therefore, the online retail segment is anticipated to grow in popularity during the forecast period.

  • Based on application, the global titanium powder market is categorized into automotive parts, aerospace components, industrial tools, medical and dental implants, and others. The medical and dental implants segment is projected to expand at a CAGR for the forecast period at exponential rate. Researchers are currently exploring the use of titanium powder in medical and dental implants. This material facilitates rapid osseointegration of implants, reducing or eliminating the healing period without functional load for orthopaedic and dental use. The usage of titanium powder is gaining momentum among researchers, due to its potential benefits.

  • Based on the end-use industry, the global titanium powder market is categorized as aerospace and defense, chemical, automotive, medical and healthcare, and others. The automotive segment is anticipated to expand at significant pace during the forecast period. The use of titanium in automotive components offers performance and mass-saving benefits, especially in parts that are subjected to reciprocating and suspension loads, and extreme temperatures and gradients. Automobile manufacturers are inclined toward the use of powder metallurgy titanium powder in the industry to reduce weight and improve performance. This is due to the material's good properties and low cost.

  • In terms of regions, the titanium powder markets are divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in North America is projected to expand exponentially during the forecast period, owing to the increasing demand for titanium powder from the aerospace industry. United States is mostly dependent on import for titanium powders. Many companies are opening their facilities in the region to meet the demand from end-use industries, such as aerospace parts, medical and dental implants, and industrial parts, among others.

Report Scope:

Report Metric

Details

Market Value in 2022

US$ 2,174.9 Million

Market Growth Rate (from 2023 to 2031)

 7.9%

Historical Data

2016 – 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Purity (Below 99% and 99% & above), By Distribution Channel (Manufacturers and Distributors), By Application (Automotive Parts, Aerospace Components, Medical and Dental Implants, Industrial Tools, and others), By End Use Industry (Aerospace and Defence, Chemical, Automotive, Medical and Healthcare, Industrial and, Others)

Key Companies Profiled

OSAKA Titanium Technologies Co.,Ltd., Toho Titanium Co., Ltd., GENERAL ELECTRIC, Sandvik AB, Höganäs AB, OC Oerlikon Management AG, ALTANA, Central Drug House, N B Enterprises

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Manufacturer and distributors.

  • Demand Side: Aerospace and Defense, Chemical, Automotive, Medical and Healthcare, Industrial and Others.

  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.