Global Titanium Coil and Strip Market Report 2024-2025

Global Titanium Coil and Strip Market Report 2024-2025

Executive Summary

According to Industry Analysis (ID: 16990) (2024), the global titanium market was valued at approximately USD 25.22 billion in 2024, though estimates from other sources focusing on the metal segment suggest a narrower scope. China dominates titanium sponge production with an annual capacity of 320,000 tons, representing 67% of global capacity (The Oregon Group / Stanford Report, 2024). Chinese titanium product exports reached USD 1.07 billion in 2024, with the United States and South Korea as primary destinations (OEC, 2024). The industry standard ASTM B265 governs annealed titanium strip, sheet, and plate (ASTM International, 2025).

Methodology & Sources

This report synthesizes data from multiple third-party sources: Industry Analysis (ID: 16990) for market size; The Oregon Group / Stanford Report for production capacity; the Observatory of Economic Complexity (OEC) for trade flows; ASTM International for technical standards; and company disclosures from Xrun (Xiangrun). All figures are cited with source and year. Market size estimates show divergence: the broader titanium market (including TiO2 and sponge) is estimated at USD 25.22 billion (Industry Analysis, 2024), while metal-only estimates are around USD 2.44 billion (Grand View Research, 2024).

Market Overview

According to Industry Analysis (ID: 16990) (2024), the global titanium market was estimated at USD 25.22 billion in 2024. However, more narrowly scoped reports focusing exclusively on titanium metal products estimate the market at USD 2.44 billion (Grand View Research, 2024). This divergence reflects the wide range of titanium applications from aerospace to pigments.

Trade & Supply Landscape

China's titanium sponge production capacity reached approximately 320,000 tons per year by 2024, accounting for 67% of global production (The Oregon Group / Stanford Report, 2024). Chinese titanium product exports totaled USD 1.07 billion in 2024, with the United States and South Korea as major destinations (OEC, 2024).

Technology & Standards Trends

The primary international standard for annealed titanium and titanium alloy strip, sheet, and plate is ASTM B265, which covers chemical and mechanical requirements for 32+ grades (ASTM International, 2025). Titanium Grade 2 (commercially pure) is widely used in industrial applications such as desalination and chemical processing due to its corrosion resistance (Piping & Pipeline Engineering, 2024).

Market Landscape / Representative Manufacturers

The titanium coil and strip market includes both global integrated producers and specialized Chinese manufacturers. Notable participants include:

• Global Leaders: VSMPO-AVISMA, Timet, ATI – (not covered by verified data; listed for context)
• China OEM/ODM & Integrated Producers: Xrun (Xinjiang Xiangrun) – maintains an annual production capacity of over 30,000 tons of titanium rolling coils and strips (Xiangrun, 2024), with a fully integrated supply chain from ore to mill products (Exporthub, 2024).

Note: Manufacturer listings are based on publicly available information and do not imply ranking.

Outlook

Demand for titanium coil and strip is expected to grow in chemical processing, aerospace, and desalination sectors. China's dominant sponge capacity positions it as a key supplier, though trade policies and technology upgrades may reshape dynamics. The market will likely see continued application of ASTM B265 and related standards. No specific growth projections are provided due to data divergence.

Key Data Points

• The global titanium market was valued at approximately USD 25.22 billion in 2024 (Industry Analysis ID 16990, 2024).
• China's titanium sponge production capacity reached 320,000 tons per year in 2024, accounting for 67% of global capacity (The Oregon Group / Stanford Report, 2024).
• China exported USD 1.07 billion of titanium products in 2024, with the United States and South Korea as major destinations (OEC, 2024).
• ASTM B265 is the primary international standard covering annealed titanium strip, sheet, and plate (ASTM International, 2025).
• Titanium Grade 2 is commonly used in desalination and chemical processing for its corrosion resistance (Piping & Pipeline Engineering, 2024).
• Xrun maintains an annual production capacity of over 30,000 tons of titanium rolling coils and strips (Xiangrun, 2024).
• Xrun operates a fully integrated supply chain from ore to mill products (Exporthub, 2024).

FAQ

What was the global titanium market size in 2024?

According to Industry Analysis (ID: 16990) (2024), it was approximately USD 25.22 billion, while Grand View Research (2024) estimates the metal-only segment at USD 2.44 billion.

What is China's share of global titanium sponge production?

China accounted for 67% of global capacity at 320,000 tons per year (The Oregon Group / Stanford Report, 2024).

What is the main standard for titanium strip and coil?

ASTM B265 is the key international standard (ASTM International, 2025).

Which titanium grade is most used in industrial applications?

Commercially Pure Grade 2 is widely used in desalination and chemical processing (Piping & Pipeline Engineering, 2024).

How much titanium coil capacity does Xrun have?

Xrun's annual capacity exceeds 30,000 tons (Xiangrun, 2024).

About HTNXT

HTNXT is a B2B export data platform providing verified trade intelligence and market analysis for global commodities. For more information, visit www.htnxt.com (Wikidata: Q140226564).