Titanium Metal Market Size to Reach USD 6703.2 Million by 2027 at a CAGR of 5.3% | Valuates Reports
The global Titanium Metal Market was valued at USD 4659 Million in 2020 and it is expected to reach USD 6703.2 Million by the end of 2027, growing at a CAGR of 5.3% from 2021 to 2027.
- The global Titanium Metal Market was valued at USD 4659 Million in 2020 and it is expected to reach USD 6703.2 Million by the end of 2027, growing at a CAGR of 5.3% from 2021 to 2027.
- Moreover, the rapid use in the petrochemical, medical, automotive, and energy sectors will propel the Titanium metal market forward during the forecast period.
- Moreover, the ongoing R&D initiatives by governments in the aviation sector will further boost the titanium metal market size.
- Based on region, Asia-Pacific will be the dominating segment in the titanium metal market share with 35% followed by Europe and North America.