Titanium Sponge Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Titanium Sponge in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Titanium Sponge Price Trend for the First Half of 2023

Asia

In Asia Pacific, manufacturing activities took a slump amid weak demand from the downstream paints and coatings sector. In addition to this, the onset of spring festival holidays disrupted the labor availability and logistics in the countries during the first quarter. In the second quarter, the pressure of inflation, high production, and weak demand from the domestic and international sectors kept the price trend of titanium sponge in the negative direction.

Titanium Sponge Price Chart

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Europe

The European countries struggled with a rise in the cost of production of titanium sponges and a rise in inflation in the first quarter of 2023. Further, the weak demand from the downstream sectors, disrupted electricity production, and adoption of tight monetary policies by the European countries, leading to the rise in inflation and interest rates, challenged the growth rates of titanium sponge in the second quarter of 2023.

North America

The construction industries slumped, and so did their rates of procurement of titanium sponges in the first quarter of 2023. The rising interest rates, strict monetary policies, and high cost of input materials proved to be a struggle for the titanium sponge market dynamics. In the second quarter, too, the existing level of stocks was sufficient to cater to the existing demand. The rise in the cost of natural gas, tepid economic conditions, and weak performance of downstream and automotive industries ultimately led to the decline in the price trend of titanium sponge.

Analyst Insight

According to Procurement Resource, the price trend of Titanium sponges is estimated to decline in the upcoming quarters as the construction and automotive industries are not showing any rise in their demand for titanium sponges.

Procurement Resource provides latest prices of Titanium Sponge. 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.