The Global Titanium Ingots Market was valued at USD 3.2 Billion in 2023 and is projected to reach USD 4.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period (2024-2030). This robust growth stems from expanding aerospace applications, increasing medical implant procedures, and rising defense sector demand for lightweight, high-strength materials.

As industries worldwide prioritize materials with superior strength-to-weight ratios and corrosion resistance, titanium ingot manufacturers are innovating production technologies while expanding global capacity. This analysis profiles the Top 10 Companies in the Titanium Ingots Industry—market leaders enabling next-generation engineering solutions across critical sectors.

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🔟 1. VSMPO-AVISMA Corporation

Headquarters: Verkhnyaya Salda, Russia
Key Offering: Aerospace-Grade Titanium Ingots, Specialty Alloys

As the world’s largest titanium producer, VSMPO-AVISMA commands approximately 30% of the global aerospace titanium market. The company’s vertically integrated operations span from raw material processing to finished aerospace components.

Manufacturing Capabilities:

• 40,000+ metric tons annual titanium product capacity
• Primary supplier for Airbus (70% of titanium needs) and Boeing (35%)
• World’s largest single-piece titanium ingot production (12,000+ kg)

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9️⃣ 2. TIMET (Titanium Metals Corporation)

Headquarters: Dallas, Texas, USA
Key Offering: Mill Products, Forged Ingots, Medical-Grade Alloys

A Berkshire Hathaway subsidiary, TIMET operates advanced melting facilities across North America and Europe, supplying critical aerospace and medical applications with premium titanium products.

Manufacturing Capabilities:

• Industry-leading vacuum arc remelting (VAR) technology
• ASTM F136 certified implant-grade titanium production
• Specialized alloys for extreme temperature applications (-423°F to 1100°F)

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8️⃣ 3. ATI (Allegheny Technologies Incorporated)

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Titanium Ingots, Billets, Additive Manufacturing Powder

ATI combines titanium production with precision machining capabilities, serving defense and energy sectors through proprietary alloys including ATI 425® for aerospace applications.

Manufacturing Capabilities:

• Electron beam cold hearth melting (EBCHM) technology
• Strategic supplier for F-35 Joint Strike Fighter program
• 3D printing powder production for aerospace components

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7️⃣ 4. Western Superconducting Technologies Co., Ltd.

Headquarters: Xi’an, China
Key Offering: TC4 Alloy Ingots, Aerospace Titanium Products

This Chinese manufacturer has rapidly emerged as a global titanium leader through government-supported expansion and technology partnerships, particularly in commercial aerospace applications.

Manufacturing Capabilities:

• 20,000-ton annual melting capacity
• Exclusive titanium supplier for COMAC C919 aircraft
• Expanding marine and deep-sea titanium applications

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6️⃣ 5. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Premium Titanium Alloys, Custom Melt Solutions

Carpenter Technology specializes in high-performance titanium alloys for critical applications in jet engines, surgical implants, and chemical processing equipment.

Manufacturing Capabilities:

• Patented Titanium 6-2-4-2 alloy for high-strength needs
• ISO 13485 certified medical titanium production
• Custom alloy development for extreme environments

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5️⃣ 6. BAOTI Group

Headquarters: Baoji, Shaanxi, China
Key Offering: Industrial-Grade Titanium, Sponge and Ingot Products

As China’s pioneering titanium producer (established 1965), BAOTI Group operates complete supply chains through subsidiaries like Baoji Titanium Industry, serving domestic industrial markets.

Manufacturing Capabilities:

• 10,000-ton sponge titanium production capacity
• Specialization in cost-effective commercial-grade titanium
• Major supplier to Chinese petrochemical and power industries

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4️⃣ 7. Toho Titanium Co., Ltd.

Headquarters: Chigasaki, Japan
Key Offering: High-Purity Titanium, Specialty Alloys

This Japanese titanium leader specializes in ultrapure titanium production for semiconductor applications while maintaining strong aerospace and industrial market positions.

Manufacturing Capabilities:

• 99.999% pure titanium production capabilities
• JIS and Aerospace Material Specifications certified
• Specialized ingot geometries for precision applications

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3️⃣ 8. Advanced Metallurgical Group (AMG)

Headquarters: Amsterdam, Netherlands
Key Offering: Titanium Master Alloys, Additive Manufacturing Feedstock

AMG focuses on high-value titanium alloys and 3D printing materials, providing specialized solutions for aerospace and advanced engineering applications worldwide.

Manufacturing Capabilities:

• Proprietary thermal reduction processes
• Titanium aluminides for jet engine components
• Metal powder and wire production for additive manufacturing

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2️⃣ 9. UKTMP (Ust-Kamenogorsk Titanium-Magnesium Plant)

Headquarters: Ust-Kamenogorsk, Kazakhstan
Key Offering: Titanium Sponge and Ingots, Magnesium Products

This Central Asian producer leverages low-energy cost advantages for large-scale titanium sponge production, supplying Russian aerospace companies through established partnerships.

Manufacturing Capabilities:

• 25,000-ton annual sponge titanium capacity
• Integrated magnesium-titanium production facility
• Expanding titanium scrap recycling operations

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1️⃣ 10. Metalysis

Headquarters: Rotherham, United Kingdom
Key Offering: FFC Process Titanium Powder and Alloys

This innovative British company commercializes disruptive electrochemical technology for direct titanium powder production, potentially transforming manufacturing economics.

Manufacturing Capabilities:

• FC Cambridge process for powder production
• Lower-cost alternative to conventional ingot metallurgy
• Strategic partnerships with major aerospace manufacturers

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🌍 Strategic Outlook: Titanium Ingots Market Evolution

The titanium ingot landscape is undergoing transformation as manufacturers balance aerospace demand against emerging opportunities in medical, energy, and additive manufacturing sectors.

📈 Market Development Drivers:

• Accelerating substitution of steel/aluminum in aircraft structures
• Medical implant demand growing at 7.2% CAGR (2023-2030)
• Increasing adoption of near-net-shape casting technologies
• Geopolitical shifts in titanium supply chain security

Get Full Report Here: Global Titanium Ingots Market – View in Detailed Research Report

The companies profiled represent the vanguard of titanium innovation, developing material solutions that enable lighter, stronger, and more durable engineered systems across critical industries.