In 2023, titanium consumption in US steel manufacturing stood at a level that reflects steady growth entering 2024. Forecasts indicate moderate but consistent year-on-year growth: 1.19% in 2025, 1.18% in 2026, 1.16% in 2027, and 1.15% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to average approximately 1.17%.

Future trends to watch in the titanium consumption in the steel manufacturing sector include:

Technological advancements in steel production processes that may affect material demand.
Potential shifts in global steel demand influencing US production levels.
Sustainability initiatives and regulatory changes that impact material sourcing or usage.
Economic factors such as infrastructure developments and manufacturing investments.