Titanium Metals Corporation emerges as the largest company in the titanium alloys and ultrafine titanium dioxide market, says TBRC report (Companies: Titanium Metals Corporation, and more)

April 17 18:32 2019
Titanium Metals Corporation emerges as the largest company in the titanium alloys and ultrafine titanium dioxide market, says TBRC report (Companies: Titanium Metals Corporation, and more)

Titanium Alloys And Ultrafine Titanium Dioxide Market, Key Competitor’s Market Shares, By Percentage
The Titanium Alloys And Ultrafine Titanium Dioxide Market from The Business Research Company, offers a sales Strategies, growth analysis, size, segmentation, geographies, forecast and much more.

The global titanium dioxide market was valued around $2 billion in 2018. North America was the largest region in the titanium alloys and ultrafine titanium dioxide market in 2018, accounting for almost 40% of the global market. The USA is the largest country in terms of value in the titanium alloys and ultrafine titanium dioxide market

The titanium alloys and ultrafine titanium dioxide market consists of manufacturers’ sales of titanium alloys and ultrafine titanium dioxide. These are titanium alloy metals that contain a mixture of titanium and other chemical elements and ultrafine titanium dioxide. Titanium is a strong and lightweight refractory (resistant to heat and wear) metal. Titanium alloys have excellent corrosion resistance and a high strength-to-weight ratio. Titanium alloys and ultrafine titanium dioxide are used in manufacturing industries such as aerospace, automobiles, cosmetics, electronics, medical implants and plastics manufacturing.

 

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Titanium Dioxide Market Size

The global titanium dioxide market size is expected to grow to over $3 billion in 2023 at an annual growth rate of about 3%. Fast growth in the forecast period can be attributed to an increasing incidence of diseases such as Parkinson’s, cancer and other chronic diseases mainly due to population ageing; this is expected to significantly increase the demand for diagnosis equipment and wearable devices enabled with IoT technology for diagnosing and monitoring patients’ medical conditions.

Titanium Metals Corporation (TIMET) was the largest competitor with around 14% of the titanium dioxide market, followed by National Industrialization Company (Tasnee), Allegheny Technologies Incorporated, Nippon Steel & Sumitomo Metal Corporation and Kronos Worldwide, Inc. (exact figures are mentioned in report).

TIMET is a privately owned company, involved in the manufacturing of titanium sponge, ingot, slab and mill products. The company was founded in 1950 and operates as a subsidiary of Precision Castparts Corp. Precision Castparts Corp., which produces investment castings, forged components, and airfoil castings

 

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Company profiles included in the titanium dioxide market report are Titanium Metals Corporation, National Industrialization Company (Tasnee), Allegheny Technologies Incorporated, Nippon Steel & Sumitomo Metal Corporation, Kronos Worldwide, Inc. and others.

 

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