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Ilmenite Market Share

Report ID: GMI7406
Published Date: Nov 2023
Report Format: PDF

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Ilmenite Market Share

Major players operating in the ilmenite industry include:

Iluka Resources
Rio Tinto
Kenmare Resources
Tronox Limited
Base Resources Limited
Sierra Rutile Limited
Cristal
V.V. Mineral
Trimex Sands
Eramet
Toho Titanium Co., Ltd.
Exxaro Resources
Yunnan Dahutong Titanium Industry Co., Ltd.
Bluejay Mining Plc
Akzonostrum

Iluka Resources and Rio Tinto have captured substantial market shares in the Asia pacific ilmenite industry, driven by companies in the Asia-Pacific region, driven by the surging demand for ilmenite products, particularly in China and India. The Asia-Pacific region is poised for continued growth due to rapid economic development, urbanization, and increasing demand across industries such as aerospace, automotive, and construction. As leading producers, Iluka Resources and Rio Tinto are well-positioned to cater to this escalating demand in the region.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of ilmenite was worth USD 11.1 billion in 2022 and is estimated to reach USD 16.6 billion by 2032, fueled by the rising need for titanium dioxide in industries such as paints and coatings.

Titanium dioxide production held a majority market value of USD 9.4 billion in 2022 and is expected to grow through 2032, owing to the sustained demand for this pigment in the paints, coatings, and plastics industries.

U.S. ilmenite market revenue crossed USD 2.7 billion in 2022 and is anticipated to expand at a significant pace during 2023 to 2032, due to the flourishing construction and automotive industries across the region.

Iluka Resources, Rio Tinto, Kenmare Resources, Tronox Limited, Base Resources Limited, Sierra Rutile Limited, Cristal, V.V. Mineral, Trimex Sands, Eramet, Toho Titanium Co., Ltd., Exxaro Resources, Yunnan Dahutong Titanium Industry Co., Ltd., Bluejay Mining Plc, and Akzonostrum.