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titanium market growth driven by aerospace medical and automotive industries

The global titanium market, valued at US$24.24 million in 2023, is projected to grow at a CAGR of 6.1% through 2032, driven by demand in aerospace, defense, and automotive sectors. Asia Pacific leads in consumption, with significant advancements in 3D printing and medical applications enhancing titanium's versatility. Sinonuclear Titanium White plans an $8.3 million investment in Hami, aiming for substantial production increases in titanium and iron concentrates.

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