Titanium Sponge Market Size

Titanium Sponge Market size was over USD 2.69 billion in 2024 and is poised to exceed USD 4.21 billion by 2037, witnessing over 3.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of titanium sponge is evaluated at USD 2.77 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.