Product
Titanium Price Trend and Forecast
Titanium Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Titanium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
The ongoing Russia-Ukraine war has massive ramifications for the global economy. Owing to various trade restrictions, high production costs and supply chain issues the prices of metal soared globally. The western retaliatory sanction against Russian exports coupled with the absence of Ukrainian exports, the prices of titanium metal skyrocketed.
The US imports 37% of its titanium requirements from Russia. With the sanctions against the biggest supplier of titanium metal: VSMPO-Avisma, the prices of titanium metal surged uncontrollably. Japan fulfils 1/5 of the world’s titanium needs. With the Russian and Ukrainian exports out of the picture, the Japanese exports came under pressure.
The two biggest suppliers Toho and Osaka Titanium corporations were running at their maximum capacity and were still not able to keep up with the demand causing the price trends of titanium to inflate further. The prices of titanium metal averaged 7.68 USD/kg in January and peaked during May averaging 19.28 USD/kg.
However, the prices began to stabilize in the global market due to the muted demands, cautious buying activity and increased speculations about a global recession. The titanium prices stabilized and averaged 13.90 USD/kg towards the end of the second quarter.
Procurement Resource provides latest prices of Titanium. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Titanium is a chemical element. In appearance, it is a lustrous transition metal with a silver colour, low density, and high strength. Titanium shows resistance against corrosion in sea water, aqua regia, and chlorine. The element occurs within several mineral deposits, principally rutile and ilmenite, that are extensively distributed in the earth's crust and lithosphere.
Product Details
| Report Features | Details |
| Product Name | Titanium |
| Industrial Uses | Apparel and jewellery, Pigments, additives and coatings, Building materials, Aerospace and marine industry, Rotors and compressor blades, Hydraulic system components and nacelles, Automotive applications, Sporting goods, Nuclear waste storage |
| Chemical Formula | Ti |
| Synonyms | 7440-32-6, Oremet, Titanium alloy |
| Supplier Database | 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) |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Titanium via Kroll Process
The commercial production of Titanium utilises the Kroll process, a pyrometallurgical industrial process deployed to manufacture metallic Titanium. Firstly, Titanium is separated from its ores through the chloride process, followed by the treatment of the product with chlorine gas, which produces TiCl4 along with other volatile chlorides, Finally, TiCl4 is separated via the fractional distillation and the metal is obtained by the reduction of TiCl4 with magnesium metal.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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