Titanium Sponge Market Size

Titanium Sponge Market size is expected to reach USD 3.9 Billion by the end of 2036, growing at a CAGR of 3.5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of titanium sponges was USD 2.6 Billion. Growing construction activity in emerging nations due to population growth may be the cause of the growing demand for paints and coatings based on titanium dioxide. After adding 1 billion since 2010 and 2 billion since 1998, the anticipated population of humans worldwide increased to 8.0 billion in mid-November 2022 from 2.5 billion in 1950.

Furthermore, the increasing usage of rubber and plastic in a variety of consumer items is contributing to the surge. The titanium sponge market is expanding because of the recent coronavirus outbreak, which raised demand for medical supplies such as respirators, insulin pens, IV bags, gloves, and micro-implants. These goods are made of plastic and are colored with titanium elements.