Titanium has seen many new applications in the industry, leading to increase in Titanium Prices. However, with the opening of new market for the metal, its supply has gone down that has created a notable effect on prices. Most of the constriction in its supply can be attributed to the harshly rising demand in aerospace and steel industry. The impact of this demand is so profound that the prices of titanium have almost doubled in one year. This lead to some of the users being unable to attain the metal. Even though the metal offers significant cost savings in the long-term, the volatile Titanium Prices have reduced the enthusiasm for the rich metal in the newly created markets.