Global Titanium Alloy Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Titanium Alloy Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Titanium alloys are metals that contain a mixture of titanium and other chemical elements. Titanium is considered to be one of the strongest metals. Its strength, heat, water and salt resistance, and its light weight make it the ideal metal for a variety of applications. These applications range from jewelry and dental implants to airplanes and ships. Pure titanium is strong and corrosive resistant. Titanium alloys retain the same strength and corrosion resistance, but takes on the greater flexibility and malleability of the metal it is combined with. Titanium alloys, therefore, have more applications than pure titanium.

Market Overview:

The latest research study on the global Titanium Alloy market finds that the global Titanium Alloy market reached a value of USD 5694.25 million in 2022. It’s expected that the market will achieve USD 7265.0 million by 2028, exhibiting a CAGR of 4.14% during the forecast period.

Precision Castparts Completes Acquisition of Timet

Jan. 8, 2013
Precision Castparts Corp. (NYSE: PCP) (PCC) announced today that it has completed its acquisition of Titanium Metals Corporation (NYSE: TIE) (Timet). Timet has been a subsidiary of ELIT Acquisition Sub Corp. (Acquisition Sub), a wholly-owned subsidiary of PCC, since December 21, 2012. Acquisition Sub, as the owner of more than 90% of the outstanding shares of Timet common stock, completed a short-form merger with Timet on January 7, 2013, as a result of which Timet became a wholly-owned subsidiary of PCC. Each remaining share of Timet common stock not tendered in PCC's previous tender offer for Timet shares (other than shares as to which holders properly exercise appraisal rights) was converted in the merger into the right to receive $16.50 without interest and less any applicable withholding of taxes. As a result of the merger, Timet common stock will cease to be traded on the New York Stock Exchange.

AMG ADVANCED METALLURGICAL GROUP N.V. ACQUIRES TITANIUM MASTER ALLOYS PRODUCER INTERNATIONAL SPECIALTY ALLOYS

9 October 2019
AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce the signing of a definitive agreement to acquire the assets of International Specialty Alloys (“ISA”), from Kennametal, Inc.
ISA, located in New Castle, PA, is a leading U.S. producer of titanium master alloys and other binary alloys for the aerospace market.
“The acquisition of ISA provides an excellent opportunity for AMG Titanium Alloys and Coatings (“AMG TAC”) to increase its market position in these key products for the aerospace market in North America and Europe,” stated Mr. Guido Loeber, President of AMG Technologies.
AMG TAC, based in Nuremberg, Germany, is a leading international supplier of titanium master alloys and titanium aluminides to the aerospace industry. AMG TAC is an operating unit of AMG Technologies.

Company Overview:

VSMPO is one of the major players operating in the Titanium Alloy market, holding a share of 17.88% in 2023.

VSMPO

VSMPO-AVISMA Corporation PJSC, also known as VSMPO, produces semi-finished products made of titanium, aluminum alloys, stainless steel, and high percentage ferrotitanium. The Company's semi-finished products include ingots, pipes, sheets, and slabs.

Precision Castparts Corp

Precision Castparts Corp manufactures and sells metal components. The Company provides extruded pipe, fittings, forgings, and clad products. Precision Castparts serves aerospace, power generation, oil and gas, military, aerospace, and forging industries.

Key Companies in the global Titanium Alloy market covered in Chapter 3:

Precision Castparts Corp
Alcoa
VSMPO
Western Superconducting Technologies Co., Ltd.
Allegheny Technologies
Carpenter technology Corporation
ThyssenKrupp AG
Baoji Titanium Industry Co., Ltd.
Kobe Steel
Advanced Metallurgical group N. V
Toho Titanium Co., Ltd
Haynes International Inc
AUBERT & DUVAL

In Chapter 4 and Chapter 14.2, on the basis of types, the Titanium Alloy market from 2018 to 2029 is primarily split into:

Alpha and Near-alpha Alloy
Alpha - Beta Alloy
Beta Alloy

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Titanium Alloy market from 2018 to 2029 covers:

Aero & Aviation
Industrial
Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)