Global Titanium Scrap Market Insights and Forecast to 2028

Titanium Scrap has a variety of properties when it comes to useful characteristics. With the vast amount of titanium used, there is also a vast amount of titanium scrap and titanium alloy scrap to recycle from these different forms. Titanium scrap and titanium alloy scrap has proved to be highly useful with their properties of superior corrosion resistance (saltwater propeller shafts), hard but lightweight makeup and high melting temperature.
Market Analysis and Insights: Global Titanium Scrap Market
Due to the COVID-19 pandemic, the global Titanium Scrap market size is estimated to be worth US$ 655.7 million in 2022 and is forecast to a readjusted size of US$ 914.4 million by 2028 with a CAGR of 5.7% during the review period. Fully considering the economic change by this health crisis, Mixed Titanium Solids accounting for % of the Titanium Scrap global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Aerospace segment is altered to an % CAGR throughout this forecast period.
Titanium Scrap could be used in wide range of areas, such as Aerospace, Biomedical, Chemical Industry and Automobile, etc. In 2019, the most widely used area was Aerospace, with a market share of over 49%.
North America, as the largest consumption region of global Titanium Scrap market, accounted for a market share of about 39% in 2019, followed by Asia-Pacific and Europe, with approximately 27% and 26%, respectively.
In terms of production side, this report researches the Titanium Scrap capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Titanium Scrap by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Titanium Scrap Scope and Segment
Titanium Scrap market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Titanium Scrap market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Mixed Titanium Solids
Titanium Turnings
Titanium Sworf
RUTILE Scraps
Titanium Sponge / Residues
Others
Segment by Application
Aerospace
Biomedical
Chemical Industry
Automobile
Others
By Company
TIMET
Global Titanium Inc.
Metraco NV
Monico Alloys
Phoolchand Bhagatsingh
Mega Metals
United Alloys and Metals
Globe Metal
Grandis Titanium
Goldman Titanium
Wolfram Metal Recyclers
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE