Technavio Announces Top Five Vendors in the Global Titanium Mill Products Market from 2016 to 2020

LONDON--()--Technavio has announced the top five leading vendors in their recent global titanium mill products market report. This research report also lists seven other prominent vendors that are expected to impact the market during the forecast period.

Competitive vendor landscape

The market for titanium mill products is highly consolidated. North America dominates the market as most manufacturers are based in the region. Producers of melted and mill products are located in the US, Japan, France, Germany, Italy, Russia, China, and the UK. Alcoa, Allegheny Technologies, Baoji Titanium Industry, Precision Castparts, and VSMPO-AVISMA are a few prominent vendors in the market. These vendors contribute 50%-60% of the market share. Russia-based VSMPO-Avisma is the largest supplier of mill products to the aerospace industry.

According to Chandrakumar Badala Jaganathan, a lead analyst at Technavio for metals and minerals , "Vendors compete based on pricing, product quality, and service. Technological advances and reduced operational costs are the prime factors that decrease the costs of these products significantly, thus increasing the market share of a few vendors."

Top five titanium mill products market vendors


Alcoa was founded in 1888 and is headquartered in New York, US. The company processes lightweight metals such as aluminum, titanium, and nickel. Its products are used in automobiles, aircraft packaging, building and construction, commercial transportation, oil and gas, defense, consumer electronics, and other industrial applications.

In July 2015, the company acquired RTI International Metals, a producer of fabricated titanium and specialty metal components. This acquisition helped the company expand its reach into the titanium market and enhances its advanced technologies and materials capabilities. This transaction also enabled the company to capitalize on the strong growth in the commercial aerospace sector.


ATI is headquartered in Pittsburgh, Pennsylvania, US. The company produces diversified specialty materials and components. Its products include precision and engineered stainless steel strip, titanium and titanium alloys, precision forgings, castings and machined components, nickel-based alloys and specialty steels, zirconium and related alloys, and grain-oriented electrical steel.

ATI is an integrated supplier of titanium sponge raw materials. In 2014, the company planned an expansion project, which is worth USD 70 million; it is expected to be completed in two years. It is operated as ATI Specialty Materials business unit in Monroe, North Carolina, US.

Baoji Titanium Industry

Baoji Titanium Industry was founded in 1999 and is headquartered in Baoji, China. The company produces rare metal products, including titanium, titanium alloy, and other metallic composites. It provides titanium products, including tubes, plates, rods, rings, ingots, and castings; nickel products, including tubes and plates; and zirconium products such as zirconium sheets and plates, and bars. The company also offers composite materials in tube, plate, and rod forms.

In November 2015, Baoji Titanium Industry won the National Nonferrous Metals Industry Excellence brand award for its titanium mill products.

Precision Castparts

Precision Castparts was founded in 1953 and is headquartered in Portland, Oregon, US. The company manufactures complex metal components and products, including investment castings, forgings, fasteners, and fastener systems.

As of March 2015, the company had 30,100 employees and generated a revenue of USD 10.01 billion. It has 155 manufacturing facilities worldwide and an order backlog of USD 8.1 billion. General Electric, Boeing, Airbus, Rolls-Royce, United Technologies, Spirit AeroSystems, and Pratt & Whitney are some of its prominent customers.


VSMPO-AVISMA is a Russia-based non-ferrous metallurgical company that produces titanium and aluminum products. The company serves the aerospace, medical, military, automotive aftermarket, and consumer goods markets globally. Its principal products are manufactured from titanium, titanium alloys, and ferrotitanium. Other products include aluminum and its alloys, steel, and nickel-based alloys.

The company provides these products as slabs, die forgings, tubes, sheets, and foils. It also manufactures engineering equipment, including heat exchangers and tubing systems and forged aluminum wheels. Airbus, Boeing, Rolls Royce, Embraer, Goodrich, Safran, and Messier Dowty are some of its prominent customers.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770

Release Summary

Technavio has announced the top five leading vendors in their recent global titanium mill products market report from 2016-2020.



Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770