Global Titanium Slag Market Revenue Reached $3153 Million in 2023

Titanium slag, which refers to the slag material rich in titanium dioxide obtained by selectively reducing iron to elemental iron through an electric furnace (submerged arc furnace) smelting of titanium concentrate, is a metallurgical term published in 2019. It can be divided into acid-soluble titanium slag and high titanium slag.

Segmented Market Analysis

According to the different content of titanium dioxide (TiO2), commonly used titanium slag in the industry currently includes types such as TiO2 content less than 80%, TiO2 content of 81%-85%, TiO2 content of 86%-90%, TiO2 content of 91%-95%, and TiO2 content over 95%. Among them, titanium slag with TiO2 content between 86%-90% and 81%-85% dominates the market. According to our research data, the global production of titanium slag with a TiO2 content of 86% -90% and 81% -85% in 2023 was 1775.9 tons and 1254.5 tons, respectively, with production proportions of 39.92% and 28.20%, respectively.

From the perspective of downstream application patterns, the application of titanium slag mainly involves two aspects: titanium sponge and titanium pigment. Among them, the titanium pigment field is the largest application market. Data shows that in 2023, the consumption of titanium slag in the titanium pigment industry reached 4046.7 tons, accounting for 90.97% of the total consumption.

Titanium Slag Production Volume, Consumption Volume, and Proportion by Type and Application in 2023

Segmented by Type

Production Volume (Tons)

Proportion

TiO2 content less than 80%

798.1

17.94%

TiO2 content of 81%-85%

1254.5

28.20%

TiO2 content of 86%-90%

1775.9

39.92%

TiO2 content of 91%-95%

395.7

8.89%

TiO2 content over 95%

224.2

5.04%

Segmented by Application

Consumption Volume (Tons)

Proportion

Titanium Sponge

401.7

9.03%

Titanium Pigments

4046.7

90.97%

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of Market Development in Major Regions
According to our data, the total revenue of the global titanium slag market was $3153 million in 2023 and may continue to increase to $4036 million by 2026. Among major regions, North America is the largest production and sales market in the industry. Based on our research data, the titanium slag production in North America was 1214.8 tons in 2023, which is expected to account for 27.31% of the global total production; China ranked second with a production of 835.7 tons, accounting for 18.79% of the global market; The European market ranked third with a production volume of 711.0 tons and a share of 15.98%.
Global Titanium Slag Market Revenue and Production Volume Share by Region  

Global Titanium Slag Market Revenue and Production Volume Share by Region
Source: www.globalmarketmonitor.com

For more industry information, please refer to our latest released "China Titanium Slag Industry Market Research Report 2023-2029".

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