INDUSTRIES & MARKETS

Titanium industry worldwide

 Table of Contents

01 Overview Titanium mine production in the U.S. 2015-2020 21

Titanium mine production in Brazil 2011-2021 22
Global titanium minerals reserves 2010-2023, by type 03
Titanium sponge production capacity 2011-2021, by selected country 23
Global reserves of titanium minerals 2023, by country 04
Global mine production of titanium minerals 2019-2023, by type 05
04 Trade
Global titanium sponge production capacity 2023, by country 06
Global titanium pigment production capacity 2023, by country 07 Global leading unwrought titanium exporting countries 2021, based on value 25

Global market capitalization of selected titanium producers 2023 08 Global leading unwrought titanium importing countries 2021, based on value 26

Forecast share of global titanium demand for energy by technology 2050 09 Global leading titanium articles exporting countries 2021, based on value 27
Global leading titanium article importing countries 2021, based on value 28

02 Production Export value of titanium oxides worldwide in 2021, by country 29

Import value of titanium oxides worldwide in 2021, by country 30
Global mine production of titanium minerals 2023, by country 11
Global titanium sponge production 2023, by country 12
05 Prices & market size
Global titanium sponge production share 2021, by country 13
Global share of titanium dioxide production 2021, by country 14 Global titanium price 2018-2023, by mineral type 32

Global titaniferous slag production 2016-2020, by country 15 Titanium sponge metal price in the U.S. 2018-2023 33

Production volume of titanium globally 2021, by political stability of producers 16 Titanium dioxide pigment price in the U.S. 2018-2023 34
Global market value of titanium 2021-2030 35

03 Countries Global titanium dioxide market size 2016-2027 36

Titanium production volume in China 2010-2021 18

Titanium mine production in Canada 2010-2023 19
Titanium mine production in Norway 2011-2021 20

1
CHAPTER 01

Overview
 Reserves of titanium minerals worldwide from 2010 to 2023, by type (in
million metric tons of titanium dioxide content)
Global titanium minerals reserves 2010-2023, by type

Ilmenite Rutile
1,000
Reserves in million metric tons of titanium dioxide

900

800

700

600
content

500

400

300

200

100

0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

3 Description: The world's total reserves of titanium – ilmenite and rutile combined – amounted to approximately 745 million metric tons in 2023. This represented an increase of some 6.6 percent in comparison to the previous year, when global titanium
reserves reached a low of 699 million metric tons. Read more
Note(s): Worldwide; 2010 to 2023
Source(s): US Geological Survey
 Reserves of titanium minerals worldwide in 2023, by country (in 1,000
metric tons of titanium dioxide content)
Global reserves of titanium minerals 2023, by country

Reserves in thousand metric tons of titanium dioxide content

Ilmenite 22 Rutile 22 Illmenite Rutile

0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000

China
Australia*
India
Canada
Brazil
Norway
South Africa
Mozambique
Madagascar
Ukraine
United States**
Vietnam
Other countries
Kenya

4 Description: As of 2023, China had the largest overall reserves of titanium minerals worldwide. China's reserves of titanium are found as ilmenite and amounted to approximately 210 million metric tons of titanium dioxide content that year, respectively. Read more
Note(s): Worldwide; 2023; * Joint Ore Reserves Committee-compliant reserves for ilmenite and rutile were estimated to be 37 million and 9.2 million metric tons,respectively in Australia. ** U.S. rutile reserves are included with ilmenite. All figures [...] Read more
Source(s): US Geological Survey
 Mine production of titanium minerals worldwide from 2019 to 2023, by
type (in 1,000 metric tons of titanium dioxide content)
Global mine production of titanium minerals 2019-2023, by type

Ilmenite Rutile
10,000
Production in thousand metric tons of titanium

9,000

8,000

7,000
dioxide content

6,000

5,000

4,000

3,000

2,000

1,000

0
2019 2020 2021 2022 2023*

5 Description: The world's total mine production of titanium minerals was estimated at nearly 9.2 million metric tons in 2023. Of this amount, ilmenite mine production accounted for the largest part, at some 8.6 million metric tons. Read more
Note(s): Worldwide; 2019 to 2023; * Estimate This statistic has been assembled using several editions of the report. Read more
Source(s): US Geological Survey
 Production capacity of titanium sponge worldwide in 2023, by country (in
metric tons)
Global titanium sponge production capacity 2023, by country

Production capacity in metric tons

0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000

China 260,000

Japan 65,200

Russia 46,500

Kazakhstan 26,000

Saudi Arabia 15,600

United States 500

India 500

World total (rounded) 410,000

6 Description: China has by far the world's largest production capacity of titanium sponge. In 2023, the East Asian country's titanium sponge production capacity was an estimated 260,000 metric tons. Japan was in a distant second place that year, with a production
capacity of an estimated 65,200 metric tons. Read more
Note(s): Worldwide; 2023; Yearend operating capacity
Source(s): US Geological Survey
 Production capacity of titanium pigment worldwide in 2023, by country (in
1,000 metric tons)
Global titanium pigment production capacity 2023, by country

Production capacity in thousand metric tons

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000

China 5,500

United States 1,360

Mexico 350

Germany 339

Japan 322

United Kingdom 315

Australia 260

Saudi Arabia 200

Ukraine 122

Canada 108

India 91

Russia 55

Rest of world 820

World total (rounded) 9,800

7 Description: China is the country with the largest production capacity for titanium pigment across the globe. In 2023, China's titanium pigment production capacity amounted to 5.5 million metric tons. The United States came in a distant second place that year, with a
production capacity for titanium pigment that amounted to 1.36 million metric tons. Read more
Note(s): Worldwide; 2023; Yearend operating capacity
Source(s): US Geological Survey
 Market capitalization of selected titanium producers and manufacturers
worldwide in April 2023 (in billion U.S. dollars)
Global market capitalization of selected titanium producers 2023

Market capitalization in billion U.S. dollars

0 1 2 3 4 5 6

ATI 5

Chemours 4.5

Tronox 2.2

Kronos Worldwide 1.1

8 Description: In April 2023, ATI, which is a manufacturer of specialty materials including titanium and titanium alloys, had a market capitalization amounting to five billion U.S. dollars. Accordingly, it was one of the world's leading titanium producers and manufacturers
based on market capitalization. Read more
Note(s): Worldwide; April 2023
Source(s): The Motley Fool; Yahoo! Finance
 Forecast distribution of titanium demand for energy production worldwide
in 2050 by technology
Forecast share of global titanium demand for energy by technology 2050

Gas (including CCS)* 0.7% Nuclear 0.7% Hydro 0.2%

Coal (including CCS)* 34.5%

Geothermal 64%

9 Description: Titanium is a widely used material in the energy industry, particularly in geothermal installations. By 2050, it is forecast that nearly 64 percent of the titanium used for energy technologies will be used in geothermal energy. Read more
Note(s): Worldwide; as of 2020; * CCS: carbon capture and storage. Projection under the two degrees scenario. Read more
Source(s): World Bank
CHAPTER 02

Production
 Leading countries based on the mine production of titanium minerals
worldwide in 2023 (in 1,000 metric tons of titanium dioxide content)
Global mine production of titanium minerals 2023, by country

Production in thousand metric tons of titanium dioxide content

Ilmenite Rutile

0 500 1,000 1,500 2,000 2,500 3,000 3,500

China
Mozambique
South Africa*
Australia
Canada*
Norway
Senegal
Madagascar*
India
United States**
Kenya
Vietnam
Ukraine
Sierra Leone

11 Description: China is the leading mine producer of titanium minerals across the globe. In 2023, mine production of ilmenite in the East Asian country reached about 3.1 million metric tons of titanium dioxide content, nearly doubling the production of Mozambique, the
second-largest titanium producer worldwide. Read more
Note(s): Worldwide; 2023; Estimates; * Mine production is primarily used to produce titaniferous slag. ** U.S. rutile production is included with ilmenite. Figures were rounded by the source to avoid disclosing company proprietary data. Read more
Source(s): US Geological Survey
 Production volume of titanium sponge worldwide in 2023, by country (in
metric tons)
Global titanium sponge production 2023, by country

Production in metric tons

0 50,000 100,000 150,000 200,000 250,000 300,000 350,000

China 220,000

Japan 60,000

Russia 20,000

Kazakhstan 14,000

Saudi Arabia 12,000

India 300

World total (rounded)* 330,000

12 Description: China is the world's leading titanium sponge producer in the world. In 2023, the East Asian country produced an estimated 220,000 metric tons of titanium sponge. Japan ranked second that year, with a production volume of 60,000 metric tons. Read
more
Note(s): Worldwide; 2023; Estimates; * Excluding U.S. production figures which have been withheld by the source to avoid disclosing proprietary data. Read more
Source(s): US Geological Survey
 Distribution of titanium sponge production worldwide in 2021, by country
Global titanium sponge production share 2021, by country

Share of production
0% 10% 20% 30% 40% 50% 60%

China 57%

Japan 17%

Russia 13%

Kazakhstan 8%

Ukraine 3%

Saudi Arabia 2%

U.S.* 0.2%

India 0.1%

13 Description: In 2021, China was the top producing country of titanium sponge, accounting for a 57 percent share of the global output. Japan was in a distant second-place that year, having produced a 17 percent share of the global titanium sponge. Read more
Note(s): Worldwide; 2021; *The figure refers to production capacity for high purity specialty sponge, which is not available for commercial applications. Read more
Source(s): Visual Capitalist
 Distribution of titanium dioxide minerals production worldwide in 2021, by
country
Global share of titanium dioxide production 2021, by country

Rest of world 8%
Kenya 3%
Madagascar 4%

Ukraine 4%

Norway 5% China 36%

Senegal 5%

Canada 5%

Australia 8%

Mozambique 12%
South Africa 10%

14 Description: China was by far the world's largest titanium minerals producing country as of 2021, having accounted for a 36 percent share of the total global titanium dioxide production volume. Mozambique was the world's second-largest titanium dioxide producer
that year, having accounted for a 12 percent share of global production. Read more
Note(s): 2021
Source(s): US Geological Survey; Visual Capitalist
 Production volume of titaniferous slag worldwide from 2016 to 2020, by
selected country (in 1,000 metric tons)
Global titaniferous slag production 2016-2020, by country

South Africa Canada*

2,000

1,800
Production volume in thousand metric tons

1,600

1,400 800
700 800
1,200 700
700
1,000

800

600
1,000 950 903 820
400 800

200

0
2016 2017 2018 2019 2020

15 Description: South Africa was the leading producer of titaniferous slag in the world in 2020 (out of the countries that data was available for), amounting to an estimated 820,000 metric tons. Canada's production of titaniferous slag amounted to an estimated 700,000
metric tons in that year. Read more
Note(s): Worldwide; 2016 to 2020; all figures are estimated
Source(s): US Geological Survey
 Production volume of titanium worldwide in 2021, by political stability of
producer countries (in 1,000 metric tons)
Production volume of titanium globally 2021, by political stability of producers

8,000

6,835.83
7,000
Production volume in thousand metric tons

6,000

5,000

4,000

3,000

2,000 1,650.6

1,000

0 0.69
0
Stable Fair Unstable Extremely unstable

16 Description: In 2021, countries classified as politically unstable accounted for the largest share of global titanium production. That year, 6.8 million metric tons of titanium was produced by politically unstable countries. In comparison, 6,900 metric tons of titanium was
produced by extremely unstable countries. Read more
Note(s): Worldwide; 2021
Source(s): BMLRT (Österreich)
CHAPTER 03

Countries
 Production volume of titanium in China from 2010 to 2021 (in 1,000 metric
tons)
Titanium production volume in China 2010-2021

80
75 75 75 75 75 75 75 75 75 75 75 75

70
Production volume in thousand metric tons

60

50

40

30

20

10

0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

18 Description: In 2021, China's production volume of titanium amounted to some 75 thousand metric tons. In fact, the production of titanium in the East Asian country has remained constant at that figure since at least 2010. Read more
Note(s): 2010 to 2021
Source(s): World Bureau of Metal Statistics
 Mine production of titanium in Canada from 2010 to 2023 (in 1,000 metric
tons)
Titanium mine production in Canada 2010-2023

1,000

880
900

800 754 770

750 750
Production in thousand metric tons

680
700
630
595 595 595
600
520
500
480
500
430
400

300

200

100

0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023*

19 Description: In 2023, Canada was a leading producer of titanium in both North and South America. In that year, Canada's titanium mine production amounted to an estimated 500,000 metric tons, a slight decrease compared to the previous year. Titanium has been
categorized as a critical mineral in Canada. Read more
Note(s): Canada; 2010 to 2023; Mine production of titaniferous magnetite, primarily used to produce titaniferous slag; *Estimated. This statistic was compiled using several releases of the publication. Read more
Source(s): US Geological Survey
 Mine production of titanium in Norway from 2011 to 2021 (in 1,000 metric
tons)
Titanium mine production in Norway 2011-2021

400
374
351.8 346.2
350 330
319 322.3
Production in thousand metric tons

300

243.6
250
216.1 220 220

200 180.4

150

100

50

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

20 Description: In 2021, Norway was the second-largest mine producer of titanium in Europe. That year, Norway's titanium mine production amounted to 220 thousand metric tons, the same figure reported one year earlier. The country's mine production of titanium
peaked in 2011, at some 374 thousand metric tons. Read more
Note(s): Norway; 2011 to 2021
Source(s): World Bureau of Metal Statistics
 Mine production of titanium in the United States from 2015 to 2020 (in
1,000 metric tons)
Titanium mine production in the U.S. 2015-2020

160

140 140 140 140 140

140
Production in thousand metric tons

120

100

80

60
50

40

20

0
2015 2016 2017 2018 2019 2020

21 Description: Mine production of titanium in the United States amounted to 50,000 metric tons in 2020. This figure represents a decrease of roughly 64 percent when compared to the previous year. Titanium mine production in the U.S. saw no annual variations
between 2015 and 2019, remaining at approximately 140,000 tons. Read more
Note(s): United States; 2015 to 2020
Source(s): World Bureau of Metal Statistics
 Mine production of titanium in Brazil from 2011 to 2021 (in 1,000 metric
tons)
Titanium mine production in Brazil 2011-2021

70

60 60
60
Production in thousand metric tons

51.6
50.2
50 47.2
44.9 45 45 45
40 39.7
40

30

20

10

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

22 Description: Brazil's mine production of titanium amounted to some 50.2 thousand metric tons in 2021. This represented a slight decrease in comparison to the previous year, when titanium production in the South American country reached 51.6 thousand metric
tons. Brazil's mine production of titanium peaked in both 2018 and 2019, at some 60 thousand metric tons. Read more
Note(s): Brazil; 2011 to 2021
Source(s): World Bureau of Metal Statistics
 Change in titanium sponge production capacity worldwide in 2021
compared to 2011, by selected country (in percent)
Titanium sponge production capacity 2011-2021, by selected country

Change in production capacity

-120% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80%

China

Ukraine

Japan

U.S.

23 Description: In 2021 compared to 2011, China increased its titanium sponge production capacity by 55 percent. Contrarily, during the same timeframe, the production capacity of titanium sponge in the U.S. experienced a downturn of 98 percent. Read more
Note(s): Worldwide; 2011 and 2022
Source(s): US Geological Survey; Visual Capitalist
CHAPTER 04

Trade
 Leading unwrought titanium exporting countries worldwide in 2021, based
on value (in million U.S. dollars)
Global leading unwrought titanium exporting countries 2021, based on value

Export value in million U.S. dollars

0 50 100 150 200 250 300 350

Japan 287.79

Kazakhstan 153.96

United States 103.06

Germany 74.68

Russia 59.51

Canada 52.07

Ukraine 41.91

Italy 25.39

China 23.29

France 21.89

United Kingdom 20.74

Saudi Arabia 14.82

Estonia 14.79

Belgium 13.42

Poland 11.22

25 Description: In 2021, Japan was the leading exporter of unwrought titanium unwrought, waste or scrap, and powders worldwide based on export value. Japan exported unwrought titanium worth nearly 288 million U.S. dollars that year. In the second position was
Kazakhstan, with an export value of almost 154 million U.S. dollars. Read more
Note(s): Worldwide; 2021; Titanium, unwrought, waste or scrap, powders
Source(s): The Observatory of Economic Complexity
 Leading unwrought titanium importing countries worldwide in 2021,
based on value (in million U.S. dollars)
Global leading unwrought titanium importing countries 2021, based on value

Import value in million U.S. dollars

0 50 100 150 200 250 300

United States 282.2

China 126.18

United Kingdom 88.24

South Korea 64.64

France 61.46

Germany 59.18

Italy 40.95

Russia 31.82

Netherlands 26.04

India 24.3

Japan 22.18

Estonia 22.15

Ireland 16.95

Ukraine 16.18

Czechia 15.62

26 Description: In 2021, the United States was the leading importer of titanium (unwrought, waste or scrap, and powders) worldwide based on import value. The U.S. imported unwrought titanium worth around 282 million U.S. dollars that year. In the second position
was China, with an import value of around 126.2 million U.S. dollars. Read more
Note(s): Worldwide; 2021; Titanium, unwrought, waste or scrap, powders; *Referred to as Chinese Taipei by the source. Read more
Source(s): The Observatory of Economic Complexity
 Leading titanium articles exporting countries worldwide in 2021, based on
value (in million U.S. dollars)
Global leading titanium articles exporting countries 2021, based on value

Export value in million U.S. dollars

0 100 200 300 400 500 600 700 800 900 1,000 1,100

United States 964.53

China 563.1

Germany 320.86

Russia 306.14

United Kingdom 288.18

Japan 240.14

France 107.45

Italy 104.08

South Korea 67.01

Mexico 49.35

Netherlands 44.05

Taiwan* 42.6

Belgium 38.43

Morocco 37.86

Switzerland 30.07

27 Description: In 2021, the United States was the leading exporter of titanium and articles thereof worldwide based on export value. The U.S. exported titanium articles worth nearly 965 million U.S. dollars that year. In comparison, Austria, which was the 20th-largest
exporter of titanium articles that year, had exports worth 18.7 million U.S. dollars. Read more
Note(s): Worldwide; 2021; Titanium, articles thereof, nes; *Referred to as Chinese Taipei by the source. Read more
Source(s): The Observatory of Economic Complexity
 Leading titanium articles importing countries worldwide in 2021, based on
value (in million U.S. dollars)
Global leading titanium article importing countries 2021, based on value

Import value in million U.S. dollars

0 50 100 150 200 250 300 350 400 450

Germany 417.18

France 391.72

China 301.89

United States 299.02

United Kingdom 240.8

South Korea 137.18

Italy 123.48

Canada 121.58

Taiwan* 119.58

Switzerland 110.03

Japan 103.06

Sweden 89.3

India 76.01

Mexico 58.23

Turkey 53.35

28 Description: In 2021, the Germany was the leading importer of titanium and articles thereof worldwide based on import value. Germany imported titanium articles worth around 417 million U.S. dollars that year. In comparison, the Netherlands, which was the world's
20th-largest titanium articles importer that year, imported titanium articles worth around 42.3 million U.S. dollars. Read more
Note(s): Worldwide; 2021; Titanium, articles thereof, nes; *Referred to as Chinese Taipei by the source. Read more
Source(s): The Observatory of Economic Complexity
 Leading titanium oxides exporting countries worldwide in 2021, based on
value (in million U.S. dollars)
Export value of titanium oxides worldwide in 2021, by country

Export value in million U.S. dollars

0 20 40 60 80 100 120 140 160 180 200

China 182.29

Germany 139.4

Japan 85.1

France 70.49

India 62.93

Korea, Rep. 58.43

United States 50.5

Canada 30.03

Belgium 26.14

Saudi Arabia 22

Netherlands 20.41

Vietnam 18.56

Sweden 12.76

Hong Kong, China 12.76

Norway 12.36

29 Description: China is the world's leading exporter country of titanium oxides. In 2021, the East Asian country exported nearly 76 thousand metric tons of the compound, with a value of approximately 182.29 million U.S. dollars. Ranking second was the Germany, which
exported some 139.4 million U.S. dollars of titanium oxides. That same year, Germany was also the top importing country of titanium oxides worldwide, with an import value that amounted to some 117.8 million U.S. dollars. Read more
Note(s): Worldwide; 2021
Source(s): UN Comtrade; WITS
 Leading titanium oxides importing countries worldwide in 2021, based on
value (in million U.S. dollars)
Import value of titanium oxides worldwide in 2021, by country

Import value in million U.S. dollars

0 20 40 60 80 100 120 140

Germany 117.8

United States 82.24

Brazil 54.62

Vietnam 46.26

Spain 46.26

India 43.74

Canada 42.64

China 38.61

Japan 36.64

France 30.58

South Africa 22.13

Italy 21.2

United Kingdom 18.67

Netherlands 17.55

Saudi Arabia 16.91

30 Description: Germany is the world's leading importer of titanium oxides. In 2021, the European country imported roughly 33 thousand metric tons of the compound, with a value of 117.8 million U.S. dollars. Meanwhile, the United States imported over 82.24 million
U.S. dollars of titanium oxide, becoming the second leading importing country across the globe. Read more
Note(s): Worldwide; 2021
Source(s): UN Comtrade; WITS
CHAPTER 05

Prices & market size

 Price of titanium minerals worldwide from 2018 to 2023, by mineral type
(in U.S. dollars per metric ton)
Global titanium price 2018-2023, by mineral type

Rutile, bulk, minimum 95% TiO2, F.O.B. Australia Slag, 80%–95% TiO2, average unit value of U.S. imports**
Ilmenite and leucoxene, bulk, F.O.B. Australia Ilmenite, average unit value of U.S. imports**
1,600 1,490
1,470

1,400 1,300
Price in U.S. dollars per metric ton

1,170
1,200 1,110
1,025 1,000
1,000
867
792 757 774
800 738
595
600 530
478 459
407 390
400 330
285
219 215 240
186
200

0
2018 2019 2020 2021 2022 2023*

32 Description: In 2023, 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 1,490 U.S. dollars. In comparison, the average unit price for
one metric ton of ilmenite – another titanium mineral – imported to the United States was 390 U.S. dollars that same year. Read more
Note(s): Worldwide; 2018 to 2023; * Estimates ** Landed duty-paid unit value based on U.S. imports for consumption. Read more
Source(s): FastMarkets; Global Trade Tracker; US Census Bureau; US Geological Survey
 Price of titanium sponge metal in the United States from 2018 to 2023 (in
U.S. dollars per kilogram)
Titanium sponge metal price in the U.S. 2018-2023

12.5

12
12.0
Price in U.S. dollars per kilogram

11.5
11.2
11.1

11.0
10.7 10.7
10.6

10.5

10.0
2018 2019 2020 2021 2022 2023*

33 Description: In 2023, the price for one kilogram of titanium sponge metal in the United States came to an estimated 12 U.S. dollars, which was an increase of over 12 percent from 2018. Titanium sponge metal is a porous, brittle form of titanium. Read more
Note(s): United States; 2018 to 2023; Landed duty-paid value based on U.S. imports for consumption; * Estimate This statistic has been assembled using several editions of the report. Read more
Source(s): US Geological Survey
 Price of titanium dioxide pigment in the United States from 2018 to 2023
(in U.S. dollars per metric ton)
Titanium dioxide pigment price in the U.S. 2018-2023

3,500 3,450

3,400
3,300
3,300
Price in U.S. dollars per metric ton

3,200

3,100

3,000
2,920
2,900

2,800 2,750
2,730
2,710
2,700

2,600
2018 2019 2020 2021 2022 2023*

34 Description: In 2023, the price for one metric ton of titanium dioxide pigment in the United States came to an estimated 3,300 U.S. dollars. This represented an increase of nearly 600 U.S. dollars per metric ton when compared to the price in 2018. Titanium dioxide
pigments are also referred to as titanium white. Read more
Note(s): United States; 2018 to 2023; Landed duty-paid value based on U.S. imports for consumption; * Estimate This statistic has been assembled using several editions of the report. Read more
Source(s): US Geological Survey
 Market size of titanium worldwide in 2021 and 2022, with a forecast for
2023 and 2030 (in billion U.S. dollars)
Global market value of titanium 2021-2030

60

51.89
50
Market value in billion U.S. dollars

40

30.66
30 28.59
26.68

20

10

0
2021 2022 2023* 2030**

35 Description: 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. Read more
Note(s): Worldwide; 2021 and 2022; *Projected as of June 2023. **Forecast based on a compound annual growth rate of 7.73 percent from 2023-2030. This statistic has been assembled using several editions of the press release from the source. Read more
Source(s): Research and Markets; Various sources (360iResearch)
 Market size of titanium dioxide worldwide in 2016 and 2021, with a
forecast for 2027 (in billion U.S. dollars)
Global titanium dioxide market size 2016-2027

25
22.7

20
17.9
Market size in billion USD

15.4
15

10

0
2016 2021 2027*

36 Description: The titanium dioxide market size worldwide had a value of some 17.9 billion U.S. dollars in 2021. It is forecast that the titanium dioxide market size will increase with a compound annual growth rate (CAGR) of four percent from 2021 to 2027. The expected
market size in 2027 is some 22.7 billion U.S. dollars. Read more
Note(s): Worldwide; 2016 to 2021; * Forecast based on a CAGR of four percent from 2021 to 2027. The source does not specify the publication date. The release date given is the date of access. Read more
Source(s): Lucintel
 Sources

BMLRT (Österreich)
FastMarkets
Global Trade Tracker
Lucintel
Research and Markets
The Motley Fool
The Observatory of Economic Complexity
UN Comtrade
US Census Bureau
US Geological Survey
Various sources (360iResearch)
Visual Capitalist
WITS
World Bank
World Bureau of Metal Statistics
Yahoo! Finance

37