Titanium is mention to a metal that is generally known to be lightweight and more potent as compared to the steel having the highest strength-density ratio, high corrosion resistance, high melting point, high recyclable (highest among metals), high flexibility, titanium, in its pure form, could be as robust as steel but only approx half as dense. According to BlueQuark Research & Consulting, the global titanium metal market is expected to witness a considerable growth rate during the forecasted period. Factors such as the increasing production of new aircraft and defense products and the rising population using passenger aircraft are expected to drive the demand of the titanium market in the forecasted period. Further, the use of the product as pigments in paints and coatings formulation across the world is one of the crucial factors fuelling the growth of the titanium market in the forecasted period. Furthermore, an increase in demand for lightweight vehicles, owing to the need for better fuel efficiency, is expected to drive the order of the titanium industry market in the forecasted period. However, ore availability and the expensive extraction process restraints the global market. The global pandemic disease COVID-19 has damaged the operations of titanium industries, reducing the demand for titanium in 2020.

The titanium metal finds broad uses in various end-use industries. It finds applications in architectural coatings, general industrial finishes, powder coatings, waterborne paints, protective coatings, wood finishes, automotive OEM coatings, and other coatings.

The significant growth drivers of this market are surging deliveries of aircraft, the need for lightweight materials, and the rising penetration of titanium usage per aircraft. Titanium metal is majorly used in producing turbine engines apart from airframes and other components. In turbine engines, titanium is used to manufacture parts such as inlet cases, compressor blades, discs, hubs, spacers, and seals. These turbine engines comprise about 25% of titanium and its alloys by weight. Apart from engine components, titanium is also utilized to manufacture fasteners, landing-gear supports, springs, fail-safe straps, and various internal bulkhead and wing-support components in the aerospace industry. The substantial use of titanium in the aerospace market may be assigned to several factors, such as newer aircraft designs with increased carbon fiber reinforced polymer composition. The thermal growth rate of titanium is similar to many popular composite materials, and this feature makes titanium highly offered as a composite interface material. As the application of composites continues to rise, market demand for titanium is anticipated to surge. The new Boeing 787 Dreamliner will use 15% titanium by weight, 5% more than steel usage. Increased titanium usage in aircraft manufacturing relates to composite components based on the materials' compatibility. The engine is the most elegant part of an aircraft, houses the most individual components, and eventually has significant fuel efficiency. To reach these temperature demands of aircraft engines such as lean-burn engines, with temperature potentials as high as (2,100°C), heat-resistant superalloys, including titanium alloys, Titanium 5553, exhibit high strength, lightweight, and excellent corrosion resistance, are predicted to witness an increase in market demand.

North America and Asia-Pacific regions are expected to be the largest markets for global titanium metal due to the usage of low-cost raw material in ores and higher population-driven materialistic demands. The presence of an increased number of manufacturing units in these regions is also likely to cause its effect. Titanium dioxide is utilized in paint and coatings for better coverage, whiteness, opacity, brightness, and durability. The rapidly growing housing & construction sector, increasing gross domestic product (GDP), ongoing rapid urbanization, and increasing revenue propel the paints & coatings market. In addition, technological advancements in the wood, automotive, and other industrial sectors support market growth. Titanium is also worn in medical applications due to its compatibility with the human body. It is used in pacemakers, defibrillators, and other applications. The use of titanium in the paper, plastic, paints & coating industry will continue to grow due to its chemical inertness opacity to UV rays and self-cleaning ability. Titanium is also utilized in consumer products, computers, sports equipment & watches. Titanium plates are worn in laptops, for instance, and are present in Apple laptops as well as Samsung, for example. Titanium plates have also been used to support buildings worn in protective armor, vests, helmets, tanks, and personnel carriers. These protective applications are utilized by both the military and police departments worldwide. As a biodegradable metal, titanium is handled in large doses but has minimal impact on the human body. Although it's ingested daily, it's not always soaked up. The medical industry uses titanium plates for the human body because it presents a similar density to bone and is used for joint replacements, hip replacements, or knee replacement purposes. Thus, positive growth is expected to drive the titanium alloy market throughout the forecasted period. The Asia Pacific region is awaited to register a high CAGR over the forecasted period.

The global titanium metal market is highly segmented. Major market players were TIMET, BaoTi, Toho Titanium, VSMPO-AVISMA Corporation, and ATI.

Lockheed Martin's Blackbird SR-71, a spy plane constructed in the 1960s, could travel at around three times the speed of sound and phenomenal heights for a non-rocket-powered aircraft. It is the fastest plane ever flown, and it extended a record-breaking speed of 2193.2 mph and got about 85000 feet. It was newly revealed that almost the entire aircraft was built of titanium to give it lightweight, high friction, enduring at such speeds and significant weather conditions at such altitude.

On 16 October 2020, Titleist, a golf equipment producer, announced a new ATI 425 Aerospace Titanium face construction, never worn before in golf history. The result is the most extended, straightest, best-looking, and best-sounding golf drivers ever made by the company - a product accessible from November 2020 in the market.

Global Titanium Metal Market report provides deep insights into the current and future state of the titanium metal market across various regions. The study comprehensively analyzes the titanium metal market by segmenting based on Product type (Pure Titanium, and Titanium Based Alloys), Application (Aerospace, Automotive, Marine, Industrial, Medical, and Others), and geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on market growth, in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.