The rise and development of the extraction of titanium sponge and the manufacture of titanium mill products in the last century are introduced. The wide application and important role of metallic titanium, titanium products and titanium-based alloys in the major industrial sectors of the national economy, especially in the new and high technical fields, are described. The market prospect for titanium industry in the new millennium is forecast and some suggestions on the better development of titanium industry are put forward.