A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Rutile
market. The study,
titled “Rutile
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020”,
is available for sale on the firm’s website.
Rutile
is a mineral mainly used as a source of titanium. Rutile occurs as
transparent or opaque crystals and is available in various colors
including black, yellow, golden or reddish brown depending on the
source. Rutile has tetragonal crystal structure with two four sided
prisms. Rutile is commonly found as an inclusion with other minerals
such as quartz and is present as needle or parallel fibers in the
minerals. Rutile is also found as an inclusion of several gem stones
including star sapphire and is responsible for the asterism effect of
gem stones.
Rutile
is abundantly available in nature and synthetic rutile can be
manufactured from ilmenite, a mineral used for production of titanium
and titanium dioxide. Producing synthetic rutile from ilmenite
increases titanium concentration of the mineral thus improving
efficiency of titanium extraction process. Ilmenite has titanium
concentration of 60% and it is processed to remove several non
titanium substances to produce synthetic rutile.
Request
Sample pages of Rutile
Market
Research Report :
Synthetic
rutile has titanium concentration of over 85% and is among the most
preferred sources of titanium. Major application of rutile comprises
production of titanium, titanium dioxide white pigment used in
several application segments including plastic, paper, coatings and
paints among several others. Two major processes used for processing
rutile to manufacture titanium include sulfate process and chloride
process.
Sulfate
process is the most preferred process in which, rutile is reacted
with sulfuric acid which results in residue of unwanted substances in
the mineral and titanium is extracted from rutile.
Titanium
extraction is the dominant application segment for rutile therefore;
demand for rutile is profoundly dependent on demand for titanium
metal and titanium dioxide. High concentration of titanium in
synthetic rutile is the foremost factor driving demand for rutile.
Moreover, abundant availability of rutile also has led to high demand
for the mineral. Major end user industries for titanium dioxide
include automotive, packaging, construction and electronics among
several others. High growth in automotive market is among major
factors driving demand for rutile. Easy and abundant availability of
ilmenite, used in production of synthetic rutile also has been
driving rutile market growth.
Processing
rutile to produce titanium metal and titanium dioxide leads to
production of hazardous wastes which has led to regulations to
control the use of rutile and has restrained the market growth.
Research and development to develop an eco friendly process to
extract titanium from rutile is anticipated to offer huge growth
opportunity in the market.
Asia
Pacific dominates the global rutile market and the trend is expected
to continue during the forecast period. Increasing industrial
investment and high GDP growth 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 rutile
demand during the forecast period. North America is the second
largest market for rutile followed by Europe. Demand for rutile 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.
Browse
The Full Rutile
Market Research
Report At:
Rutile
market is highly fragmented and several regional players engage in
production of rutile. The market has high degree of competition and
over production of rutile has led to high price sensitivity in the
market. Some players in the rutile 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
information. With a broad research and analysis capability,
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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