Global Titanium Sponge by Mg-thermal Reduction Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Titanium Sponge by Mg-thermal Reduction Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Titanium Sponge by Mg-thermal Reduction market size was valued at USD 1997.2 million in 2022 and is forecast to a readjusted size of USD 4274.7 million by 2029 with a CAGR of 11.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

In the middle of 2023, China's titanium sponge market will further weaken. With the substantial increase in the production of titanium sponge in China and the weakening of demand in some downstream industries, the oversupply situation in the titanium sponge market has intensified. Recently, the product inventory of sponge titanium enterprises has gradually increased, and the sales pressure has increased. In order to seize the market, enterprises are forced to compete for orders by cutting prices. At the end of May, the price of grade 1 titanium sponge in China dropped by US$430-700/ton compared with the beginning of May. After the price of sponge titanium fell, domestic titanium prices did not change significantly. The main reasons are, first, that the price of sponge titanium fell relatively flat before mid-May, and second, that titanium material companies still have a certain amount of high-priced titanium sponge inventory that needs to be digested. Therefore, the impact of the price reduction of sponge titanium has not yet been fully transmitted to titanium products.

In the manufacturing process for titanium sponge, pure titanium tetrachloride is reacted in a stainless steel reactor with magnesium metal heated to 900℃. The titanium tetrachloride is reduced by the magnesium to produce the sponge. Magnesium chloride is extracted at regular intervals during the reaction by the application of pressure. After the reaction has completed, the magnesium chloride and magnesium included in the lump of titanium sponge are eliminated by high temperature vacuum extraction (vacuum separation process), to leave the titanium sponge.

This report is a detailed and comprehensive analysis for global Titanium Sponge by Mg-thermal Reduction market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Titanium Sponge by Mg-thermal Reduction market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029

Global Titanium Sponge by Mg-thermal Reduction market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029

Global Titanium Sponge by Mg-thermal Reduction market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029

Global Titanium Sponge by Mg-thermal Reduction market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2018-2023.

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Titanium Sponge by Mg-thermal Reduction

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace.

This report profiles key players in the global Titanium Sponge by Mg-thermal Reduction market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include AVISMA, UKTMP, ZTMC, OSAKA Titanium and Toho Titanium, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

Titanium Sponge by Mg-thermal Reduction market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Ti Above 99.7%
Ti 99.5%~99.7%
Ti 99.3%~99.5%
Ti Below 99.3%

Market segment by Application
Aerospace and Defense
Chemical
Medical
Electric Power
Othersr

Major players covered
AVISMA
UKTMP
ZTMC
OSAKA Titanium
Toho Titanium
Pangang Group Titanium Industrial
Chaoyang Jinda Titanium Industry
Luoyang Shuangrui Wanji Titanium
Xinjiang Xiangrun New Material Technology
Chaoyang Baisheng
Zunyi Titanium
LB GROUP
Baotai Huashen
Shengfeng Titanium
Anshan Hailiang
CITIC Jinzhou Ferroalloy
Baoji Lixing Titanium

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Titanium Sponge by Mg-thermal Reduction product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Titanium Sponge by Mg-thermal Reduction, with price, sales, revenue and global market share of Titanium Sponge by Mg-thermal Reduction from 2018 to 2023.

Chapter 3, the Titanium Sponge by Mg-thermal Reduction competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Titanium Sponge by Mg-thermal Reduction breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Titanium Sponge by Mg-thermal Reduction market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Titanium Sponge by Mg-thermal Reduction.

Chapter 14 and 15, to describe Titanium Sponge by Mg-thermal Reduction sales channel, distributors, customers, research findings and conclusion.