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Titanium Price History and Forecast Analysis | Procurement Resource

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Titanium, denoted by the chemical symbol Ti, is a fundamental chemical element with an atomic number of 22. It is predominantly found in minerals like rutile and ilmenite and can be encountered in various mineral formations. Displaying a lustrous sheen and exhibiting characteristics of a transitional metal, titanium possesses remarkable resistance to corrosion and boasts a relatively low density.

In terms of abundance, titanium ranks ninth in the Earth’s crust by frequency. The primary contributors to global titanium production are nations such as the United States, Japan, China, Russia, and the United Kingdom.

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Key Details About the Titanium Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Titanium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Titanium prices, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Titanium Price Trend:

Titanium Price Trend

Titanium finds widespread use in fasteners and aircraft components, with applications ranging from gas turbine engines to compressor blades. Its lightweight nature, exceptional strength, and impressive resistance to corrosion make it a preferred material for heat exchangers, electric power plants, seawater desalination plants, and aircraft construction.

The aerospace industry particularly benefits from titanium’s remarkable strength-to-weight ratio and its ability to withstand high temperatures. In addition to its crucial role in aircraft, titanium plays a pivotal role in various chemical applications, including the manufacturing of heat exchangers, titanium anodes, containers, and more.

Key Market Players:

  • VSMPO-AVISMA Corporation
  • Osaka Titanium Technologies Co., Ltd.
  • Toho Titanium Co., Ltd.
  • The Chemours Company
  • Western Metal Materials Co., Ltd (WMM)
  • Allegheny Technologies Incorporated (ATI)

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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