Titanium ore is a mineral containing titanium metal in the form of compounds and concentrations. Rutile has traditionally been the primary input in the manufacture of Titanium metal. Its name comes from the Latin rutilus meaning red. Its deep red colour is caused by iron impurities in its lattice. Rutile is formed under high pressures and temperatures as an accessory mineral in metamorphic rocks like eclogite. It is not economical to mine rutile from primary rock so it is recovered from weathered deposits in mineral sands. —
Some of the key players in the titanium ore market are V.V Minerals (India), Chemours (U.S.), Iluka Resource Limited Royalty Minerals (India), Shanghai Yuejiang Titanium Chemical Manufacturer Co., Ltd (China), Yucheng Jinhe Industrial Co., Ltd (China), Hatch Ltd (Canada), Iluka Resource Limited (Australia), Tronox Limited (U.S.), Trimex Sands PVT Ltd (India), Stork Group (India), Cosmos Electrodes PVT Ltd (India).
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The global market for titanium ore has been segmented on the basis of product type, application, end use industry, and region.
On the basis of the product type, the market is segmented into rutile, ilmenite, and others. Ilmenite is used widely to produce titanium and titanium dioxide pigment by converting into synthetic rutile
Based on the application, this market is bifurcated into titanium metal, pigments, coatings and lining, welding electrode, and others.
By the end-use industry, this market is divided into aerospace, healthcare, automotive, and others.
The global titanium ore market is geographically divided into five key regions, which are Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific is leading the global market owing to the increasing demand from the aerospace industry in this region. Countries namely India, China, and Japan are the major markets in this region owing to the surging demand from the aerospace and marine industries. For instance, According to CII (Confederation of Indian Industry), Indian Air Force (IAF) will be spending about the USD 150 billion on aircraft and aero engine in the next 15 years and is expected to grow by 10%-15% every year.
Rising disposable income and changing lifestyle in developing economies such as India and China are expected to drive the automotive industry. Additionally, beach mining in India is likely to boost the market growth. North America is the second most significant region in this market. The U.S. and Canada are the leading markets due to the vast presence of ilmenite deposits. Well-established aerospace and automotive industry are also expected to drive the market growth in North America. Europe is another substantial region owing to rising demand for pigments by packaging and automotive sector.
Titanium ore occurs mainly in igneous rocks of which, the Ilmenite and rutile are the most commonly used ore. Two processes namely chloride-based and sulfate-based are used to convert ilmenite into synthetic rutile. Ilmenite is mainly used to produce titanium metal through the chlorination process. Increasing use of ilmenite in various applications such as welding electrodes, coating, and lining for blast furnace hearth is expected to augment the market growth during the assessment period. Pigments emerged as the leading application owing to surging demand for titanium dioxide pigments from paints, paper and packaging industry across the globe.
Titanium metal is another growing application due to extensive use in building airframes, engines, and other defense equipment. It is the most preferred metal in various industries namely aerospace, construction, defense owing to high tensile strength, low density, and high corrosion resistance. Rapid industrialization in the emerging economies such as India and China is likely to fuel the demand for the product in Asia Pacific region. V.V Mineral is the leading player in beach mining in India and has also obtained environment clearance from the Government of India. Booming automotive industry across the countries in this region is expected to propel the market growth.
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TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
3 Market Research Printing Methodology
4 Market Landscape
5 Industry Overview Of Global Titanium Ore Market
6 Market Trends
7. Global Titanium Ore Market By Type
8. Global Titanium Ore Market By Application
9. Global Titanium Ore Market By End Use Industry
10. Global Titanium Ore Market By Region
11. Company Landscape
12. Company Profiles
LIST OF TABLES:
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Titanium Ore Market: By Region, 2016-2023
Table 3 North America Titanium Ore Market: By Country, 2016-2023
Table 4 Europe Titanium Ore Market: By Country, 2016-2023
Table 5 Asia-Pacific Titanium Ore Market: By Country, 2016-2023
Table 6 Middle East & Africa Titanium Ore Market: By Country, 2016-2023
Table 7 Latin America Titanium Ore Market: By Country, 2016-2023
Table 8 Global Titanium Ore By Type Market: By Regions, 2016-2023
Table 9 North America Titanium Ore By Type Market: By Country, 2016-2023
Table 10 Europe Titanium Ore By Type Market: By Country, 2016-2023
Table 11 Asia-Pacific Titanium Ore By Type Market: By Country, 2016-2023
Table 12 Middle East & Africa Titanium Ore By Type Market: By Country, 2016-2023
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