A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Ilmenite
market. The study,
titled “Ilmenite
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020”,
is available for sale on the firm’s website.
Ilmenite
is a heavy mineral mainly used as a source of titanium. Ilmenite is
iron black metallic oxide comprising titanium dioxide and iron.
Ilmenite occurs as igneous rocks and is present into layers as a
result of magmatic segregation. Heavy opaque crystal of ilmenite
deposit on bottom of magma chambers and ilmenite is collected in
layers. Ilmenite is also a constituent of sand and is commonly
accompanied by small amounts of magnetite, rutile and zircon among
others. Other sources of ilmenite include pegmatites, sedimentary
rocks and metamorphic rocks.
Ilmenite
is magnetic and is separated from other minerals using magnetic
separators. Ilmenite is processed into synthetic rutile and used as a
feedstock in the production of titanium pigment. Conversion of
ilmenite to synthetic rutile increases the titanium dioxide
concentration in the mineral. Synthetic rutile is the fastest growing
application segment for ilmenite and this trend is anticipated to
continue for the next six years.
Get
Sample Of Ilmenite
Market
Research Report At:
Ilmenite
is abundantly available in nature and is primarily used in the
production of titanium metal and titanium pigment. Titanium is
generally extracted from ilmenite using chloride process or by
reacting ilmenite with sulfuric acid. Titanium dioxide extracted from
ilmenite is used as pigment in several industries including plastic,
paints & coatings and paper among others. Over 90% of the global
titanium dioxide production is used as pigment in these application
segments.
Abundant
and easy availability of ilmenite has been among foremost factors
driving demand for ilmenite. Demand for ilmenite is profoundly
dependent on demand for titanium metal and titanium dioxide. Major
end user industries for titanium dioxide include automotive,
packaging, construction and electronics among several others.
Increasing demand for titanium dioxide is among major factors driving
demand for ilmenite and the trend is anticipated to continue for a
foreseeable future. Moreover, macroeconomic factors such as GDP
growth are also among major growth factors for ilmenite market.
Chloride process used for production of titanium pigment from
ilmenite leads to production of harmful residues such as iron
chloride. Owing to generation of hazardous wastes, there has been
increasing intervention of various regulatory bodies to regulate the
processing of ilmenite which has been a major factor restraining
ilmenite market growth. Research and development to develop an eco
friendly and efficient process to produce titanium from ilmenite is
anticipated to offer huge growth opportunity in the market.
Asia
Pacific dominates the global ilmenite market and the trend is
expected to continue during the forecast period. High growth in
several end user industries in the emerging economies of India and
China is expected to drive market growth in Asia Pacific. Asia
Pacific is also expected to be the fastest growing region for
ilmenite demand during the forecast period. North America is the
second largest market for ilmenite closely followed by Europe.
Browse
The Full Ilmenite
Market Research
Report At:
Demand
for ilmenite is expected to grow at a sluggish rate in North America
and Europe primarily owing to market saturation in several end user
industries. Developing economies of South America and Africa are
anticipated to offer huge growth opportunity in the market.
Ilmenite
market is highly fragmented and several regional players engage in
ilmenite extraction. Some of the key players in the ilmenite market
include Yucheng Jinhe Industrial Co., Ltd., Jiangxi Jinshibao Mining
Machinery Manufacturing Co., Ltd., Shanghai Yuejiang Titanium
Chemical Manufacturer Co., Ltd. and Abbott Blackstone among others.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
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Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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