Titanium increased 3.50 CNY/KG or 7.87% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Titanium.

In 2024, the price for one metric ton of bulk rutile – a titanium mineral – with a minimum of 95 percent titanium dioxide content, free on board from Australia, came to an estimated 1,310 U.S. dollars. In comparison, the average unit price for one metric ton of ilmenite – another titanium mineral – imported to the United States was 340 U.S. dollars that same year.

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In 2024, the price for one kilogram of titanium sponge metal in the United States came to an estimated 13 U.S. dollars, which was an increase of nearly five percent from 2023. Titanium sponge metal is a porous, brittle form of titanium.

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During the last quarter of 2024, the titanium prices in the United States reached 2960 USD/MT (all values for titanium dioxide) in December. The prices rose by around 19.59% compared to the same quarter last year. The prices are rising due to a combination of factors, including supply chain issues, increased demand, and geopolitical tensions. Moreover, supply chain disruptions have contributed to price inflation.

Explore IMARC’s newly published report, titled “Titanium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of titanium pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Titanium prices in April 2023 reached $10,406 per ton (FOB, Japan), a 9.2% increase compared to the previous month.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Titanium and Titanium-Base Alloy Mill Shapes (WPU102505) from Jan 1971 to Feb 2025 about titanium, mills, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

As per Cognitive Market Research's latest published report, the Global Medical Titanium Market size will be $27,389.76 Million by 2028.Medical Titanium Industry's Compound Annual Growth Rate will be 13.13% from 2023 to 2030.

The North America Medical Titanium market will be USD 9,512.46 Million by 2028.

What are the key driving factors for the Medical Titanium market?

Increasing demand of dental implants

Dental health crisis has been creating a stir in the past couple of decades. It is increasing owing to lack of awareness about dental hygiene and oral care. Rising consumption of illicit substances like tobacco, alcohol, and cigarettes increases the prevalence of dental problems among population. There has been rise in growing prevalence of dental caries among children Early childhood caries (ECC) is a serious public health problem in both developing and industrialized countries. It is caused by the interaction of bacteria, mainly Streptococcus mutants, and sugary foods on tooth enamel. S. mutants can spread from mother to baby during infancy and can inoculate even pre-dentate infants. The rising cases of dental caries among 6-9-year-old is further giving rise to increasing demand of dental surgeries. Additionally, surging geriatric population enhances the demand of dental implants.

Dental implants have become an increasingly popular treatment choice for replacing missing teeth. There has been a large increase in the prevalence of dental implants, from 0.7% in 1999 to 2000 to 5.7% in 2015 to 2016. Tooth loss is a very common problem and therefore use of dental implants is a common practice. Statistics provided by the American Association of Oral and Maxillofacial Surgeons show that 69% of adults ages 35 to 44 have lost at least one permanent tooth to an accident, gum disease, a failed root canal or tooth decay.

Number of patients taking up dental treatment as part of dental tourism is also on a rise. Acceptance rate is also increasing which makes corporate dental chains in the world optimistic about the concept. Moreover, advent of technology, the treatment for the disorders has been improved, which is one of the major aspects which boost the growth of the market for the estimated forecast period.

Titanium is a commonly used in dental work as titanium dental implants are safe and effective. Further, because of its biocompatibility, resistance to corrosion and mechanical properties titanium has become material of choice in several disciplines of dentistry. Thus, rising demand for dental implants enhances the growth of medical titanium market worldwide.

The protective properties and corrosion resistance is driving the demand for the titanium alloy in the medical industry

Restraints for Medical Titanium Market

Inconsistent, high raw material prices and insufficient supply chain along with lack of trained professionals.(Access Detailed Analysis in the Full Report Version)

Opportunities for Medical Titanium Market

Improvement in Healthcare Infrastructure in Emerging Nations.(Access Detailed Analysis in the Full Report Version)

What is Medical Titanium?

Titanium is a chemical element, which is silvery gray, hard, shiny and strong metal. Titanium has been used in the medical industry since 1940s, and now it is founded in the wide variety of biomedical implants. Titanium is consisting many characteristics which make it ideal metal for medical applications such as higher strength-to-weight ratio, non-ferromagnetic property, biocompatibility, bio-interfacing, durability, osseointegration etc. The medical titanium is available in four different pure titanium grades and as many as 25 different alloys. The pure titanium Grade is 1-4 of which Grade 1 being the softest and 4 being the strongest. The Grades 1, 2, and 4 are most commonly found in modern medical devices.

The Titanium is highly acceptable and being used widely in the medical industries for various implants as it is corrosion resistant and non-toxic to the body. The qualities of titanium prove to be MRI (Magnetic Resonance Imaging) and CT (Computed Tomography) compatible. The Titanium 6AL4V and Titanium 6AL4V ELI are the type of medical titanium which are widely used in the healthcare sectors. The medical titanium also has the various application such as in surgical instruments/ equipment like forceps, , misc instruments, needle holders, , scissors etc. T...

In 2024, the price for one metric ton of titanium dioxide pigment in the United States came to an estimated 3,200 U.S. dollars. This represented a decrease of nearly 470 U.S. dollars per metric ton when compared to the price in 2018. Titanium dioxide pigments are also referred to as titanium white.

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The global market size of titanium in 2022 amounted to 28.59 billion U.S. dollars. As of June 2023, the market value of titanium was projected to grow to nearly 31 billion U.S. dollars. The titanium market size is forecast to grow over the coming years, to nearly 52 billion U.S. dollars in 2030.

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According to Cognitive Market Research, the global titanium alloy market size is USD 4512.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 1804.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1353.66 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1037.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 225.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 90.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The US had the most significant global titanium alloy market revenue share in 2024.

Market Dynamics of Titanium Alloy Market

Key Drivers of Titanium Alloy Market

Increasing Demand for Lightweight and High-Strength Materials in Aerospace and Defense Applications to Boost Market Expansion

The titanium alloy market is significantly driven by the growing need for lightweight materials in the automotive and aerospace sectors. Titanium alloys are perfect for situations where weight reduction is important because they have a remarkable mix of low density and high strength. Airframes, landing gears, and engine parts are among the aircraft components for which titanium alloys are in high demand due to the aerospace industry's quest for improved performance and fuel economy. In the automobile industry, the necessity for lightweight materials to increase fuel economy and range has increased due to strict pollution rules and the drive for electric cars. In order to reduce weight without sacrificing strength, titanium alloys are being used more and more in automotive applications, including as exhaust systems, chassis parts, and suspension systems. In the upcoming years, the market for titanium alloys is anticipated to develop as a result of the increasing need for lightweight materials in both industries.

Expanding Applications in Medical Implants and Devices to Boost Market Growth

Titanium alloys' growing use in medical equipment and implants is another important factor propelling the market's expansion. Titanium alloys are very well suited for medical applications due to their superior mechanical, corrosion-resistant, and biocompatibility characteristics. Orthopedic implants, dental implants, and cardiovascular devices are in greater demand as the world's population ages and the frequency of chronic illnesses rises. These medical gadgets frequently employ titanium alloys because of their propensity to blend in with the body without producing negative side effects. Technological developments in additive manufacturing have enabled the fabrication of intricate and personalized titanium implants, hence augmenting the market prospects. It is anticipated that the growing use of titanium alloys in the medical field to enhance patient outcomes and quality of life will help in market growth.

Restraint Factors Of Titanium Alloy Market

High Cost of Titanium Alloys to Limit Market Expansion

The high cost of producing titanium alloys is one of the main factors impeding the market for titanium alloys. Due to its relative rarity and the need for specific methods for extraction and processing, titanium has a high cost of manufacturing. Aluminum, vanadium, and nickel are examples of alloying metals that can raise the total cost of titanium alloys. These elements are employed to improve their qualities. Because of their high price, titanium alloys are less competitive than other materials, especially in price-sensitive markets like consumer products and the automobile industry. The profitability of companies that produce titanium alloys can be impacted by changes in the price of raw materials and energy. The high cost of titanium alloys, despite their excellent qualities, continues to be a major obstacle to market expansion, particularly in applications where cos...

The Kenyan titanium market expanded notably to $8.8M in 2024, picking up by 6% against the previous year. In general, the total consumption indicated a slight increase from 2012 to 2024: its value increased at an average annual rate of +1.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -5.4% against 2022 indices.

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Titanium Mill Products Market Size 2025-2029

The titanium mill products market size is forecast to increase by USD 636.4 million at a CAGR of 3.4% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing applications of titanium in various industries, particularly in aerospace and automotive sectors, due to its lightweight and high-strength properties. Advanced manufacturing technologies, such as additive manufacturing and forging, are revolutionizing the production process, leading to cost savings and improved product quality. However, the high cost of titanium mill products remains a significant challenge for market growth, limiting their adoption in price-sensitive industries. To capitalize on the market opportunities, companies must focus on cost reduction strategies, such as process optimization and economies of scale, while also investing in research and development to expand the applications of titanium mill products beyond traditional industries. Effective supply chain management and strategic partnerships are also crucial for navigating the competitive landscape and maintaining a strong market position.

What will be the Size of the Titanium Mill Products Market during the forecast period?

Request Free SampleThe market encompasses a range of items derived from the chemical element, titanium, a transition metal known for its high strength, low density, and exceptional corrosion resistance. Titanium mill products include pipe and tube, rod and bar, sheets and plates, billets and bars, and other forms. With a melting point of 1668 degrees Celsius and a specific gravity of 4.51, titanium offers superior specific strength, making it an ideal choice for industries requiring anti-fatigue components. The market is driven by the increasing demand for lightweight, durable, and corrosion-resistant materials across various sectors, including aerospace, automotive, chemical processing, and oil and gas. The market is expected to grow steadily due to the expanding applications of titanium in infrastructure, medical devices, and other high-performance industries.

How is this Titanium Mill Products Industry segmented?

The titanium mill products industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userIndustrialCommercial aerospaceDefenseProductSheets and platesBillets and barsOthersGrade TypeTitanium alloysCommercially pure titanium (grades 1-4)GeographyNorth AmericaUSCanadaAPACChinaIndiaJapanSouth KoreaEuropeFranceGermanyItalyUKMiddle East and AfricaSouth America

By End-user Insights

The industrial segment is estimated to witness significant growth during the forecast period.Titanium, a transition metal known for its high strength, low density, and exceptional corrosion resistance, is a valuable element in various industries. Titanium mill products, including pipe and tube, rod and bar, and sheets and plates, are essential in sectors such as aerospace, defense, and power generation. The metal's melting point, specific gravity, specific strength, anti-fatigue, thermal conductivity, and temperature tolerance make it suitable for passenger travel demand, aircraft production, seawater service applications, and copper nickel alloys. In the defense sector, titanium is used in intelligence gathering, defense electronics, and precision capabilities. Additionally, it serves as a roofing material for quake resistance and is used in ancient buildings. Titanium's unique properties make it an ideal choice for engine applications, compressor blades, hydraulic system components, and armor plating in naval ships. Its use extends to industrial alloys, medical implants, and lightweight materials such as titanium tubing. Despite its higher cost compared to steel and aluminum, titanium's longevity, durability, and overall environmental impact make it a cost-effective alternative in the long run.

Get a glance at the market report of share of various segments Request Free Sample

The Industrial segment was valued at USD 1451.90 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 39% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

The North American market for titanium mill products holds substantial significance due to its status as a leading producer and consumer in the global industry. The region's aerospace, defense, medical, and industrial sectors fuel the demand for these products. A key market driver in North Ameri

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Explore the Titanium Global Market Report 2025 Market trends! Covers key players, growth rate 6.5% CAGR, market size $36.96 Billion, and forecasts to 2033. Get insights now!

In 2024, the Pakistani titanium market decreased by -13.7% to $15K for the first time since 2021, thus ending a two-year rising trend. In general, consumption, however, recorded significant growth. Over the period under review, the market reached the maximum level at $45K in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

In March 2023, the titanium price amounted to $17,859 per ton (CIF, China), with a decrease of -75% against the previous month.